Chlorinated Polyethylene Market to Witness Growth Acceleration by Top Key Players 2021-2030

The Global Chlorinated Polyethylene Market size is estimated to be USD 537.9 million in 2019 and is predicted to reach USD 1,179.7 million by 2030 with a CAGR of 7.4% from 2020-2030.

Chlorinated Polyethylene (CPE) is the polythene having the chlorine content from approximately 34 to 44%. It is used in blends with polyvinyl chloride (PVC) because the soft, rubbery of CPE is embedded in the PVC matrix, thereby increasing the impact resistance. It is highly versatile in nature, which offers rigid to flexible thermoplastics. Moreover, it provides different characteristics such as low-temperature performance, high tensile strength, flame retardancy, filler acceptance, and others, which makes it useful in various applications such as impact modifier, adhesives, magnetics, and others.

These polymers are used in building and construction, durable goods, wires and cables, automotive, packaging, and other end-use applications in major developing countries. Moreover, they are used in electrical wires to guard the buildings from electrical hazards. These elastomers and resins are extensively used in numerous industries and are famous for impact modifiers, flexible sheeting for automotive, roofing membranes, cable jacketing and as a base polymer.

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Competitive Landscape:

The market is highly concentrated with few players dominating the industry. Comprehensive competitive analysis and profiles of major market players such as The Dow Chemical Company, Novista Group Co., Ltd., Weifang Yaxing Chemical Co., Ltd., Showa Denko K.K., Shandong Xuye New Materials Co., Ltd., S&E Specialty Polymers, and Shandong Xiansheng Plastic Industry Co., Ltd. is also provided in this chlorinated polyethylene market report.

Market Dynamics and Trends:

The market is anticipated to benefit from the rising production of chlorine driven by growth of consumer industries. Moreover, increasing adoption of the product by the consumers across the globe is anticipated to boost the market during the forecast period. Furthermore, it is extensively used for impact modification of PVC for deck, fence, window profiles, and vinyl siding. Introduction of new applications coupled with the technological advancements in pharmaceutical and healthcare sector can offer a growth opportunity during forecast period. However, the industry growth is anticipated to be hampering by the production overcapacity of the product in China.

The industry is characterized by mergers and acquisitions to advance market share and competition edge. Moreover, the existence of a large number of key manufacturers primarily headquartered in China and Asia Pacific is projected to bode well for growth of the industry. Additionally, the development of advanced grades of chlorinated polyethylene by the manufacturers is expected to translate into increased product adoption.

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Market Segmentations and Scope of the Study:

The global chlorinated polyethylene market share is analyzed on the basis of product, application, and geography. On the basis of product, the market is segmented into CPE 135A and CPE 135B. According to the application, the market is classified into wire & cable jacketing, impact modifier, hose & tubing, magnetics, adhesives, and IR ABS. The regional analysis of chlorinated polyethylene market comprises of North America, Europe, Asia Pacific, and Rest of the World.

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