Market Research

Chlorinated Paraffin Market Expected to Grow at a CAGR of 3.4% During 2019 – 2027 by Aditya Birla Chemicals, Altair Chimica SpA, Ajinomoto Fine-Techno, Caffaro Industrie

Jun 12, 2020 4:56 PM ET

iCrowd Newswire – Jun 12, 2020

Expansion of PVC industry will escalate the chlorinated paraffin market at a CAGR of 3.4%

Latest market study on “Chlorinated Paraffin Market to 2027 – Global Analysis and Forecasts by Product Type (Short-Chain, Medium-Chain, and Long-Chain), Application (Lubricant, Additives, Plastic, Rubber, Paints, Metal Working Fluids, Adhesives, and Others)”, The global chlorinated paraffin market is accounted to US$ 2,226.3 Mn in 2018 and is expected to grow at a CAGR of 3.4% during the forecast period 2019 – 2027, to account to US$ 3,002.5 Mn by 2027. The report include key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.

 

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Lubricant additives segment was the leading application segment in 2018 and expected to continue its dominance during the forecast period.. Chlorinated paraffin is used as metal surfactant in the lubricant additives. Extreme pressure additives are formulated to produce premium quality lubricants. High-pressure additives based on chlorinated paraffin are gaining increasing traction worldwide. These lubricants chemically react with the metal surface as a protector that forms a coating that prevents the two metal surfaces from welding together under high temperature and pressure that occurs during lubrication. The addition of chlorinated paraffin helps it to react with the surface providing maximum lubrication under pressure and high temperatures. Furthermore, the plastic segment is anticipated to grow at a faster pace, which is anticipated to boost the demand for chlorinated paraffin over the forecast period.

PVC are polymers containing vinyl chloride monomers attached in an end to end sequence which is used in the production of plastics. Chlorinated paraffin has a wide range of applications, but, the most commercially efficient application is in the use of polyvinyl chloride (PVC). They are used as plasticizers in PVC. It acts as secondary plasticizers and also acts as flame retardants in plastics. Chlorinated paraffin is characterized by high thermal stable, low viscosity, and lower molecular weight, which makes it a more efficient choice in the PVC application. This property of thermo plasticity is achieved by the polymerization of chloride, commonly known as the addition of chloride paraffin. PVC is used mainly for the production of packaging plastic for food and other applications. The primary purpose of using PVC is the presence of thermoplastic resin. Therefore the rise in the production of packaging plastic is eventually going to benefit the chlorinated paraffin market too. Growing demand for chlorinated paraffin in PVC tubing pipes is a vital factor for the expansion and growing demand of chlorinated paraffin. PVC tubing pipes that are also known as vinyl tubing pipes are extensively used in the wire insulation, construction from siding and as window framing pipes. These factors are anticipated to boost the demand for chlorinated paraffin in the PVC application.

The market for chlorinated paraffin is concentrated with some very well-established players. Some of the key players in the chlorinated paraffin market include Aditya Birla Chemicals, Altair Chimica SpA, Ajinomoto Fine-Techno Co., Inc., Caffaro Industrie S.p.A., Dover Chemical Corporation, Handy Chemical Corporation .ltd, INEOS CHLOR, KLJ Group, LEUNA-Tenside GmbH, and Química Del Cinca among others.

 

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Market Insights

Rising Demand for Metal Working Fluids

Chlorinated paraffin is used as an extreme pressure additive in the application of metalworking fluids. Generally, MCCPs and LCCPs are used in the production of metalworking fluids. It is used for the industrial gear lubricants. The addition of chlorinated paraffin forms in metalworking fluids forms a metal salt layer or a carbonated film between the two metal surfaces under severe lubrication circumstances. Every metalworking operation requires precise fluid characteristics that depend on the metal and operational conditions. In the case of extreme pressure additives, chlorinated paraffin is considered to be the best option of the precise fluid characteristics. Chlorinated paraffin is used as a cooling and lubricating fluids in the grinding and metal cutting operations. There are two types of chlorinated paraffin fluids used, water-based emulsions and oil-lubricants. The basic function of water-based lubricant is cooling. Metalworking fluids are used to reduce friction between the work surface and the cutting tool. The addition of chlorinated paraffin in metalworking fluids helps to retain the surface characteristics of the metal.

Chlorinated paraffin is used as extreme pressure additive that is activated by the generation of heat during metal working that forms a film between the cutting tool and the metal surface that prevents destructive welding, surface breakdown, and excessive metal transfer. Therefore, the rising demand for metalworking fluids further expected to drive the global chlorinated paraffin market.

Production shift to long chain chlorinated paraffin provides opportunity for the chlorinated paraffin market growth

There has been a rising demand in the use of LCCPs over the period. The use of LCCPs was recorded to be considerably high in the rubber industry, as compared to other chlorinated paraffin. The possibility in the use of LCCPs in some areas might increase as it can be successful in replacing other types of chlorinated paraffin, especially the MCCPs. The LCCPs have found to be a successful alternative in some of the applications. In the case of paints, LCCPs have found to exhibit properties such as anti-corrosion primers for the metal-based PVC copolymers. The addition of LCCPs in acrylic and outdoor wall paints has proven to be beneficial and convenient as compared to the inclusion of MCCPs in paints which further propel the growth of the global chlorinated paraffin market.

The LCCPs have found an important place as an alternative to the rubber industries too. The application of LCCPs in the production of profiles for fire-proof doors has been recorded to be successful and can be used as an alternative to MCCPs. The application of LCCPs in the production for bellows used in buses, metros, and trains is another adding point to the application of LCCPs to be used as an alternative to the MCCPs. Therefore, rising demand for long-chain chlorinated paraffin is expected to provide growth opportunities to industry players in the global chlorinated paraffin market.

Product Type Insights

The global chlorinated paraffin market by product type has been segmented into short-chain, medium-chain, and long-chain. The medium-chain chlorinated paraffin segment dominated the global chlorinated paraffin market. Moreover, the long-chain chlorinated paraffin segment in the global chlorinated paraffin market is anticipated to grow at a faster pace over the forecast period.

The LCCPs are free from chlorinated paraffin impurities. The wide range of the number of carbon atoms results in the complex nature of the product. The primary use of LCCPs is as a secondary plasticizer in PVC, as a flame retardant in sealants, adhesives, and paints. Fireproofing of cellulosic textiles is one of the significant applications of long-chain chlorinated paraffin. It is also used to treat the finished fabric.

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