February 3rd,2023/Industry News Global/ -- The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Chlorinated Paraffin Market.
Chlorinated Paraffin Market report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Chlorinated Paraffin Market is likely to witness a CAGR of 3.0% during the forecast period.
Drivers
• Growing manufacturing industry, rising demand for automobiles, building & construction materials, increasing usage of flame retardants in various end-use domains
• Growing plastic industry are some of the key factors expected to fuel the market growth over the forecast period.
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Segment Analysis
By Grade Type
The market is segmented as small-chain grade, medium-chain grade, and long-chain-grade. Medium-chain grade type is estimated to dominate the market on account of its extensive utilization as a plasticizer in the synthetic rubber processing sector owing to various excellent features such as full-compatibility, good stability, and non- flammability. On the other hand, long-chain grade is estimated to hold a prominent share of the market owing to its wide range of applications in various end-use industries such as paints & coatings, leather, and textile.
By Application Type
The market is segmented as lubricant additives, plastic additives, flame retardants, metal working fluids, and others. Metal working fluid is estimated to be the dominating application type in the market due to extensive utilization of the product in various manufacturing sectors such as automotive and aerospace, fueling the segment’s growth during the forecast period. In addition, plastic additives are estimated to be the fastest-growing application type on account of high product consumption for producing PVC products, plastics and other industrial products.
By End-User Type
The market is segmented as paints & coatings, rubber, manufacturing, textile, leather, and others. Rubber and manufacturing are estimated to register significant growth in the market during the forecast period. This growth can be attributed to the growing usage of rubber and flame retardant products in automobiles, building & construction activities, packaging, etc.
By Region
Asia-Pacific is estimated to witness significant growth in the market during the forecast period owing to the growing textile and manufacturing sectors coupled with rising disposable income, with China and India being the major countries with lucrative growth opportunities in the regional market. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Chlorinated Paraffin Market analysis report discusses the following heads in detail:
• Market structure: Overview, industry life cycle analysis, supply chain analysis
• COVID-19 Impact Assessment
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors
About Stratview Research
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