The new report by Expert Market Research titled, ‘Global Chlorinated Polyethylene Market Trends, Report and Forecast 2023-2028’, gives an in-depth analysis of the global chlorinated polyethylene market, assessing the market based on its segments like products, applications, and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.
Chlorinated Polyethylene Market Size, Trends, Industry Report, Key Player, Major Segments, and Forecast
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The key highlights of the report include:
Market Overview (2018-2028)
• Historical Market Size (2021): USD 645.3 Million
• Forecast CAGR (2023-2028): 8.38%
• Forecast Market Size (2027): USD 1,045.7 Million
The increasing application of chlorinated Polyethylene in the construction sector as a roofing material is driving the market growth. This can be attributed to the good weatherability, anti-combustion, and excellent processing ability.
On the other hand, chlorinated polyethylene is crucial to produce unplasticised polyvinyl chloride (UPVC). Hence, the increasing demand for UPVC to manufacture windows, doors, and cladding, among others is anticipated to bolster the market growth in the forecast period.
The growing use of chlorinated polyethylene for the production of wire and cable jacketing is likely to provide impetus to the market in the coming years. Geographically, the Asia Pacific region accounts for a significant share in the market owing to the rapid urbanisation and rising demand for chlorinated polyethylene for industrial purposes.
Chlorinated Polyethylene Industry Definition and Major Segments
Chlorinated polyethylene is defined as a synthetic macromolecule material which is procured through the substitution of hydrogen atoms with chlorine atoms in high density polyethylene (HDPE). Chlorinated polyethylene occurs in white powder form and is tasteless and non-toxic. The chlorine content in chlorinated polyethylene can vary between 25% to 70% and is an excellent roofing material owing to its stability.
On the basis of product, the market can be segmented into:
• CPE 135A
• CPE 135B
The significant applications of the product include:
• Impact Modifier
• Wire and Cable Jacketing
• Hose and Tubing
• IR ABS
The regional markets for chlorinated polyethylene include:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
Chlorinated Polyethylene Market Trends
The key trends in the chlorinated polyethylene market include the increasing inclination of automotive manufacturers towards utilising materials with durable, weather resistant, chemical resistant, and anti-ageing properties in order to augment the quality of automobiles. The rapid industrial activities are also likely to propel the demand for applicants with good mechanical strength. This factor is anticipated to spearhead the market growth in the forecast period.
Furthermore, the rising investments in the residential and commercial construction projects, coupled with the thriving do-it-yourself sector are some of the major trends boosting the demand for chlorinated polyethylene.
Key Market Players
The major players in the market are:
- Weifang Yaxing Chemical Co. Ltd
- Shandong Novista Chemicals Co.,Ltd (Novista Group)
- Showa Denko K. K.
- Shandong Xuye New Materials Co., Ltd
- Hangzhou Keli Chemical Co., Ltd
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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