Chlorinated Paraffin Prices

Chlorinated Paraffin Prices December 2023

The chlorinated paraffin prices in China for Q4 2023, reached 768 USD/MT in December. The prices saw a reduction on account of cheaper raw materials such as liquid wax and a lack of substantial demand from the end use market, prompting producers to make adjustments in the pricing in line with the original cost of production to maintain market equilibrium.               

Chlorinated Paraffin Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Chlorinated Paraffin Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of chlorinated paraffin pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of chlorinated paraffin at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of chlorinated paraffin price trend across North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.  

The report examines the elements influencing chlorinated paraffin price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Chlorinated Paraffin Market Analysis    

The global chlorinated paraffin market size reached US$ 2.1 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 3.0 Billion, at a projected CAGR of 3.70% during 2023-2032.   

• A significant driver of the chlorinated paraffin market is the increasing demand in end-use industries such as plastics, paints, and coatings. The rising demand for chlorinated paraffin as a plasticizer and flame retardant for increased flexibility and fire resistance of the products is driving the growth of the market.
• The increasing reliance on chlorinated paraffin as an extreme pressure additive in metalworking fluids, coupled with its widespread use in machining to reduce friction and extend tool and machinery life, is significantly propelling the market. Additionally, the expanding construction activities within the metalworking industry are further impelling the demand for chlorinated paraffin.
• Continual advancements in the market are leading to the development of new formulations with enhanced ecological performance, along with high-chlorine preparations that caters to the changing needs of industries and compliance regulations, thus stimulating the market.   
• In addition to this, several key companies are strengthening their market presence and innovation capabilities. They are focusing on joint ventures, mergers, and acquisition strategies, which in turn, is creating a positive outlook for the market.
• The increasing usage of chlorinated paraffin in paints and coatings for enhancing the durability of both bold and thin-layer primers and top coatings is propelling the market scope.  
• Chlorinated paraffin is gaining popularity in the agricultural sector, particularly in the manufacturing of different agriculture-related chemicals, such as pesticides and herbicides. The sector's rapid growth and the crucial demand for efficient pesticides to control pests are further driving the market expansion.
• The market is further impelled by the widespread product usage in the formulation of sealants and adhesives on account of its exceptional binding characteristics and chemical as well as thermal stability.   
• Rapid economic growth and industrialization, especially in developing countries, have led to an increase in their manufacturing activities. Such industrial output rise is indirectly propelling the demand for chlorinated paraffin from manufacturing, construction, and automotive sectors.  

Chlorinated Paraffin News  

The report covers the latest developments, updates, and trends impacting the global chlorinated paraffin market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in chlorinated paraffin production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the chlorinated paraffin price trend.

Latest developments in the chlorinated paraffin industry:   

• On 2^nd March 2023, Payal Group announced the expansion of its chlorinated paraffin production capacity by 35 kilo tonnes per annum (KTA) at its integrated plant in Dahej, Gujarat, raising its total capacity to 70 KTA and positioning it among the top three producers in India. This expansion aims to support the growing downstream PVC industry in the region and enhance exports of secondary plasticizers.
• On 8^th May 2024, Unid announced the expansion of its chlorinated paraffin wax (CPs) facility with a scale of about 90,000 tons in its subsidiary UNID Jiangsu Chemical Co., Ltd.   

Product Description

Chlorinated paraffin is an industrial chemical produced by the chlorination of paraffin wax, consisting of hydrocarbons that contain 10 to 30 carbon atoms. Due to their high chlorine content, chlorinated paraffins have low volatility, which reduces the risk of vapor loss at high temperatures. This property is particularly important in applications like PVC plasticizers and metalworking fluids, where stability under heat is crucial.

Chlorinated paraffins are chemically stable, which makes them suitable for use in harsh environments where chemical reactions are a concern. This stability contributes to the longevity and durability of products containing these compounds.

Besides this, they are also utilized as flame retardants as they contain chlorine, especially in application of fabrics, rubber, and sealants. It is widely used in metal working fluids where they function as EP or extreme pressure agents to enhance the fluidity of the substance and minimize wearing of the tools. 

Regional Coverage

The report provides a detailed analysis of the chlorinated paraffin market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the chlorinated paraffin price trend.

Global Chlorinated Paraffin Price

The report offers a holistic view of the global chlorinated paraffin pricing trends in the form of chlorinated paraffin price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights the current price but also provides insights into chlorinated paraffin historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into chlorinated paraffin price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed chlorinated paraffin demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Chlorinated Paraffin Price

The European market remained under pressure, with prices fluctuating due to ongoing volatility in the naphtha and crude oil sectors, from which the compound is mainly derived. Geopolitical factors, including the disruption of pipelines from Russia, severely impacted the market, causing irregularities in supply. Besides this, rising inflation rates weakened the market, which offered restricted support to the pricing stability of chlorinated paraffin in the region.

This analysis can be extended to include detailed chlorinated paraffin price information for a comprehensive list of countries.

North America Chlorinated Paraffin Price     

Chlorinated paraffin prices in the region faced downward pressure primarily driven by a downturn in the crude oil market. This decline was exacerbated by a rise in import from Asia, which led to an oversupply situation. With consumption rate remaining weak, inventories of chlorinated paraffin grew, prompting traders to adopt stock clearance activities. To adjust for the surplus, rebates were frequently offered, which further pushed prices down.

Specific chlorinated paraffin historical data within the United States and Canada can also be provided.

Middle East and Africa Chlorinated Paraffin Price

The report explores the chlorinated paraffin pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on chlorinated paraffin prices for countries can also be provided.

Asia Pacific Chlorinated Paraffin Price

In the Asia Pacific region, especially in China, the market dipped in the. This decline was attributed to cheaper essential raw materials, such as liquid wax, and a persistently sluggish downstream market. The lack of substantial demand growth compelled manufacturers and sellers to refine pricing in accordance with actual production costs, ensuring market stability despite the downturn.

This chlorinated paraffin price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Chlorinated Paraffin Price

The analysis of chlorinated paraffin prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of chlorinated paraffin pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting chlorinated paraffin price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The chlorinated paraffin price charts ensure our clients remain at the forefront of the industry.