Chlorinated Polyethylene Market Size, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI4371
The Chlorinated Polyethylene Market is likely to grow due to its growing usage as an impact modifier in several end-user industries. Chlorinated polyethylene (CPE) is manufactured by chlorination process of polyethylene (PE). The product possesses superior chemical and mechanical properties and can be used as an impact modifier in the production of doors, PVC tubing, siding, fences, window profiles, etc. CPE helps in improving processability of semi soft and rigid PVC profiles & extrusions, and also leads to the reduction in overall loading cost, without damaging the physical properties of PVC compounds. Globally, PVC industry has reported a market demand of more than 40 million tons in 2016 and is likely to grow further in the coming years. This is due to rising demand for the product in variety of end-user industries such as automotive, packaging, construction, medical, etc., which will further propel the chlorinated polyethylene demand in the upcoming years.
Another key growth enabling factor is growing product demand in automotive and industrial applications. Automotive industry utilize CPE in under the hood applications due to its superior oil and heat resistance properties. This product is also likely to replace chloroprene rubber (CR), which is used in industrial hose applications in the coming years. Further, the product is compatible with many kinds of polymers including ABS, PVC, PE, etc., which will grow its usage in the future. Growing vehicle demand in the emerging economies is likely to propel chlorinated polyethylene market demand in the upcoming years.
Although the product is gaining attention across the end-user industries, the challenges associated with the high processing cost and fluctuation in raw material prices are likely to hamper the industry demand in the coming years. Moreover, stringent regulation related to chlorine usage may further slowdown the industry growth in the coming years. For instance, Government bodies including US Food Drug and Administration (FDA) and European Chemical Agency (ECHA) have provided norms related to chlorine substance usage for protecting worker’s life and aquatic ecosystem.
On the basis of grade, the market has been categorized into thermoplastic, thermosetting and elastomer grade. CPE thermoplastic grade is likely to grow at significant rate in the coming years. This products are used in conjunction with polymers like polyolefins, PVC, ABS, SAN, etc. to achieve overall cost reduction and improve performance. CPE thermoplastic grades are utilized in variety of applications including extruded profiles, cables & wire jackets, membranes, rigid foams, pressure sensitive adhesives & films, coated fabrics, etc. CPE elastomer grade will also have considerable share of overall industry due to its extensive application in automobile, rubber products, magnetic materials, industrial hoses, etc.
Based on application, the industry has been segmented PVC tubing, wires & cables, roofing & sheeting products, magnetic materials and Others. Other application segment consists of molded shapes, coatings, extruded profiles, etc. PVC tubing segment accounted for significant share of overall market due to growing product usage as an impact modifier. Wires & cables segment is likely to grow at substantial rate in the coming years as the product is gaining importance for the insulation applications in military & transportation wire, cord jackets in electrical appliances and welding cables.
Asia Pacific is likely to account for significant share in chlorinated polyethylene market in the upcoming years. Growing product demand in the China is likely to be key growth driving factor for the industry in future. China has presence of many local as well as multinational companies providing chlorinated polyethylene products. Rising demand from variety of end-user industries including building and construction, automotive, industrials, etc. will propel the product demand in this region.
Some of the key players in chlorinated polyethylene market includes, Dow Chemicals, Showa Denko, Sanyo Corporation of America, Shandong Xuye New Materials Co., Ltd., Novista, Shandong Xuye New Materials Co., Ltd., Sundow Polymers Co. Ltd, Polmann India Ltd, Dycon Chemicals and Jiangsu Tianteng Chemical Industry Co., Ltd.
Chlorinated Polyethylene Market, By Grade, 2014-2025 (USD Million)
- Thermoplastic grade
- Thermosetting grade
- Elastomer grade
Chlorinated Polyethylene Market, By Application, 2014-2025 (USD Million)
- PVC tubing
- Wires & cables
- Roofing & sheeting products
- Magnetic materials
- Others (molded shapes, coatings, extruded profiles, etc.)
Chlorinated Polyethylene Market, By End-user industry, 2014-2025 (USD Million)
- Personal care
The above information has been provided for the following regions and countries:
- North America
- South Korea
- Latin America
- Saudi Arabia
- South Africa
- Dow Chemicals
- Showa Denko
- Sanyo Corporation of America
- Shandong Xuye New Materials Co., Ltd.
- Shandong Xuye New Materials Co., Ltd.
- Sundow Polymers Co. Ltd
- Polmann India Ltd
- Dycon Chemicals
- Jiangsu Tianteng Chemical Industry Co., Ltd.
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