Global Chlorinated Paraffin Wax Market Size, Share, Price, Trends, Growth, Analysis, Key Players, Outlook, Report, Forecast 2021-2026 | EMR Inc.

Global Chlorinated Paraffin Wax Market Report and Forecast 2021-2026
Global Chlorinated Paraffin Wax Market To Be Driven By The Thriving Building And Construction Industry In The Forecast Period Of 2021-2026

The new report by Expert Market Research titled, ‘Global Chlorinated Paraffin Wax Market Report and Forecast 2021-2026’, gives an in-depth analysis of the chlorinated paraffin wax market, assessing the market based on its segments like grades, applications, and regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

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The key highlights of the report include:

Market Overview (2016-2026)

Historical Market Size (2020): USD 1.97 Million
Forecast CAGR (2021-2026): 3.6%
Forecast Market Size (2026): USD 2.428 Million

The global chlorinated paraffin wax market is being driven by the growing demand for rubber, paint and plastic additives in the building and construction sector. In the emerging economies, the residential and commercial construction is anticipated to witness a significant surge owing to the rising disposable income and growing population. Over the forecast period, the growing demand for PVC content such as sheets, pipes, wires, and cables in the industrial construction sector is likely to be a major driving factor in the market. The growing infrastructure development and increasing urbanisation will further augment the market growth. In terms of region, the Asia Pacific accounts for a significant share in the market and is anticipated to witness a considerable growth in the forecast period, owing to the growing expansion of the major chlorinated paraffin wax manufacturers and producers, especially in countries like India, China, and Japan. The market in the region will further be aided by the rising demand for chlorinated paraffin wax in the home décor and do-it-yourself (DIY) sector.

Industry Definition and Major Segments

Chlorinated paraffin wax is defined as a pale-yellow viscous liquid obtained by treating molten paraffin wax with chlorine. Properties of paraffin wax includes increased material flexibility, flame retardance, and low-temperature resistance.

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On the basis of grade, the market is divided into:

Short Chain
Medium Chain
Long Chain

The significant applications of the product include:

Lubricant Additives
Plastics Additives
Rubber
Paints
Metal Working Fluids
Others

The regional markets for chlorinated paraffin wax include:

North America
Europe
Asia Pacific
Latin America
Middle East and Africa

Market Trends

The growing investments and the research and development activities in the metalworking and paints & coatings industries is likely to be a major trend propelling the market growth. The growing concerns and stringent government regulations related to environment pollution will further holster the market. In addition to this, the growing expansion of the manufacturing facilities in the developing economies is likely to harness the demand for chlorinated paraffin wax. This is another crucial trend in the market.

Key Market Players

The major players in the market are INOVYN ChlorVinyls Limited, NCP Chlorchem (Pty) Ltd, Dover Chemical Corporation, LEUNA-Tenside GmbH., Química del Cinca, JSC Kaustik., and KLJ Group, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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