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At 5.4% CAGR, Chlorinated Paraffin Market will cross $2.7 Billion by 2031, Rising demand for chlorinated paraffin from several applications
Chlorinated Paraffin Market
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The report offers detailed segmentation of the global chlorinated paraffin market based on sensor, end use verticals, and region. The report provides analysis of each segment and sub-segment with the help of tables and figures. This analysis helps market players, investors, and new entrants in determining the sub-segments to be tapped on to achieve growth in the coming years.
Based on product type, the medium chain segment accounted for the highest share in 2021, contributing to nearly half of the total share, and is expected to maintain its leadership status during the forecast period. However, the long chain segment is expected to manifest the highest CAGR of 5.7% from 2022 to 2031.
Based on application, the metal working fluids segment held the largest share in 2021, accounting for nearly one-fifth of the market, and is expected to maintain its dominance in terms of revenue by 2031. However, the lubricating segment is estimated to witness the largest CAGR of 6.0% during the forecast period.
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Based on region, the global chlorinated paraffin market across Asia-Pacific accounted for the highest share in 2021, contributing to nearly one-third of the total market share. However, the market across Asia-Pacific is projected to dominate in terms revenue by 2031. Moreover, the region is anticipated to portray the fastest CAGR of 5.7% during the forecast period.
Leading players of the global chlorinated paraffin market analyzed in the research include Aditya Birla Chemicals; Altair Chimica S.p.A.; Caffaro Industrie; Dover Chemical Corporation; Handy Chemical Corporation, Inc.; Ineos Chlor; Inovyn; KLJ Group; LEUNA Tenside GmbH, and Química del Cinca.
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The report analyzes these key players of the global chlorinated paraffin market. These players have adopted various strategies such as expansion, new product launches, partnerships, and others to increase their market penetration and strengthen their position in the industry. The report is helpful in determining the business performance, operating segments, product portfolio, and developments by every market player.
Covid-19 Scenario:
The Covid-19 pandemic negatively impacted the end-use industries such as lubricating additives, plastics, rubber, paints, metal working fluids, and adhesives.
Despite a modest setback caused by COVID-19-induced national lockdowns and movement restrictions, the broad demand for lubricating adhesives in industrial applications is expected to accelerate the industry's growth in the coming years.
Related Report:
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Liquid Synthetic Rubber Market: Global Opportunity Analysis and Industry Forecast, 2020-2027
https://www.alliedmarketresearch.com/liquid-synthetic-rubber-market-A10357
Paraffin Wax Market: Global Opportunity Analysis and Industry Forecast, 2021-2028
https://www.alliedmarketresearch.com/paraffin-wax-market-A12107
Paraffin Oil Market: Global Opportunity Analysis and Industry Forecast, 2021-2031
https://www.alliedmarketresearch.com/paraffin-oil-market-A17415
Industrial Rubber Market: Global Opportunity Analysis and Industry Forecast, 2019-2026
https://www.alliedmarketresearch.com/industrial-rubber-market
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