According to Chlorinated Paraffin Market report, Based on region, Across North America, the market held the lion’s share in 2020, accounting for nearly two-fifths of the global market. The Asia-Pacific region, on the other hand, is expected to register the fastest CAGR of 4.02% by the end of 2030. Other provinces examined in the report include Europe and LAMEA.

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According to the report published by Allied Market Research, the global chlorinated paraffin market was valued at US$1.8 billion in 2020 and is projected to reach US$2.5 billion by 2030, growing at a CAGR of 3.2% from 2021 by 2030. The report provides detailed analysis of top investment bags, top winning strategies, drivers and opportunities, market size and estimates, competitive scenarios, and fluctuating market trends.

Chlorinated paraffins market The growth will be driven by increasing demand for metalworking fluids in industrial applications and the low manufacturing cost of chlorinated paraffin. On the other hand, strict government regulations on the use of chlorinated paraffin are expected to restrain growth to some extent. However, the ready availability of raw materials is expected to create lucrative opportunities in the industry.

The global Chlorinated Paraffin Market is analyzed on the basis of product type, application, and region. Based on product type, the middle chain segment accounted for the largest share in 2020, holding more than two-fifths of the global market. However, the short-chain segment would show the fastest CAGR of 3.94% throughout the forecast period.

Based on application, the lubricant additives segment achieved the highest share in 2020, accounting for almost one-third of the global market. The adhesives segment, on the other hand, would show the fastest CAGR of 4.46% from 2021 to 2030.

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