Global Chlorinated Paraffin market will reach 1622.18 million US$ by the end of 2025

Publisher: QYResearch
Published Date: 2019/8/26

The global chlorinated paraffin market is expected to grow due to the increasing use of the product in production of plastic and in industries such as aerospace, automotive, and manufacturing. This is attributed to its various advantages such as flame retardancy, low-temperature strength, and high flexibility of material. They are commonly used as lubricants and coolants in metal forming and cutting industries. It is also commonly used in marine paints used on vessels, industrial flooring, and swimming pools due to its property to improve water and chemical resistance. These are some of the key factors playing a major role in boosting the global chlorinated paraffin market.

However, the chlorinated paraffin has harmful effects on humans as well as environment hence many governments have implemented regulation on its production. This is expected to hamper the growth of chlorinated paraffin market. 

The global chlorinated paraffin’s market was valued at US$1503.39 mn in 2018, and is expected to reach US$1622.18 mn by the end of 2025, rising at a CAGR of 1.13% during 2019-2025.

Click to view the full report:
https://www.qyresearch.com/index/detail/980382/global-chlorinated-paraffins-market
This article was first released by QYResearch, if reproduced, please indicate the source.
Telephone number:020-86655165
Contact:press@qyresearch.com
When contacting, please refer to QYR company's Mia introduction.