Global Chlorinated Paraffins Market - Extensive Use in PVC Applications Drives Growth | Technavio
10 December 2017 - 5:03PM
Business Wire
According to the latest market study released by Technavio, the
global chlorinated paraffins market is expected to grow at a CAGR
of close to 5% during the forecast period, according to their
latest report.
This press release features multimedia. View
the full release here:
http://www.businesswire.com/news/home/20171210005070/en/
Technavio has published a new market
research report on the global chlorinated paraffins market
2017-2021 under their chemicals and materials library. (Graphic:
Business Wire)
The report further segments the global chlorinated paraffins
market by application (metalworking fluids, rubber, and paints and
coatings) and by geography (APAC, North America, Europe, and
ROW).
This report is available at a USD 1,000 discount for a
limited time only: View market snapshot before purchasing
Buy 1 Technavio report and get the second for 50% off.
Buy 2 Technavio reports and get the third for free.
Technavio analysts highlight the following three market drivers
that are contributing to the growth of the global chlorinated
paraffins market:
- Extensive use of chlorinated paraffins
in PVC applications
- Increasing demand for PVC from the
construction industry
- Advantages of using chlorinated
paraffins as metalworking fluids
Looking for more information on this market? Request a
free sample report
Technavio’s sample reports are free of charge and contain
multiple sections of the report including the market size and
forecast, drivers, challenges, trends, and more.
Extensive use of chlorinated paraffins in PVC
applications
Chlorinated paraffins are considered as one of the most
important secondary plasticizers for PVC and can moderately replace
phthalates and phosphate esters, which are primary plasticizers.
Advantages of chlorinated paraffins over conventional plasticizers
can be attributed to its increase in flexibility of materials,
along with increasing its flame retardancy and low-temperature
strength. In the production of PVC flooring and cables, the use of
chlorinated paraffins in PVC imparts many technical benefits, of
which the enrichment of flame-retardant properties is the most
significant one.
According to Ajay Adikhari, a lead analyst at
Technavio for specialty chemicals, “Chlorinated paraffin grades
containing higher chlorine content are used as flame retardants in
a considerable range of PVC compounds and PVC tubing pipes and is
preferred over phosphate and bromine-based additives.”
Increasing demand for PVC from the construction
industry
The increase in consumption in PVC compounding and lubricant
industries and the increased use of PVC in the automobile and
construction industries has resulted in escalation of demand for
chlorinated paraffins. It is used extensively in manufacturing
various products such as profiles and tubes, film and sheets, pipe
and fittings, bottles, and wire and cables.
Development and innovation in the industry can be associated
with the increasing demand for PVC and policies regarding emission
control and use of eco-friendly products. APAC has been leading the
PVC market and is expected to retain its position during the
forecast period. PVC has been used extensively in a wide range of
construction products for over half a century owing to its
characteristics, such as lightweight, strength, durability, and
versatility.
Advantages of using chlorinated paraffins as metalworking
fluids
Every metalworking operation needs specific fluid
characteristics depending on the metal and operational condition.
Chlorinated paraffins are used in metalworking fluids as extreme
pressure additives, permitting the machining of
difficult-to-machine materials. An equilibrium between chlorine
content and viscosity is required. Advantages such as versatility
enable chlorinated paraffins to be used in both oil-based and
water-based formulations; ease of formulation; active functioning
in a wide range of temperatures and conditions; and lightness of
the color.
“Chlorinated paraffins are beneficial in
every metalworking operations. One of the major advantages of using
chlorinated paraffins is that it increases the tool life, which is
a critical parameter for every machine shop. They are cost
effective and is considered safe to be used by humans and has no
negative impact on the environment,” says Ajay.
Browse Related Reports:
- Global Acetone Market 2017-2021
- Global Glauber’s Salt Market
2017-2021
- Global Polyvinyl Chlorine (PVC) Market
2017-2021
About Technavio
Technavio is a leading global technology research and
advisory company. Their research and analysis focuses on emerging
market trends and provides actionable insights to help businesses
identify market opportunities and develop effective strategies to
optimize their market positions.
With over 500 specialized analysts, Technavio’s report library
consists of more than 10,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio’s comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
If you are interested in more information, please contact our
media team at media@technavio.com.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20171210005070/en/
Technavio ResearchJesse MaidaMedia & Marketing ExecutiveUS:
+1 844 364 1100UK: +44 203 893 3200www.technavio.com