Chlorinated Polyethylene Market Industry Forecast
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The chlorine content of the polymer differs between 35 to 75% depending on its application. The polymer is manufactured in different grades depending on its chlorine content, viscosity, and other properties. It can be blended with other polymers such as polyolefin, PVC, and EVA for better performance. Chlorinated polyethylene is primarily employed to blend with PVC for manufacturing several products. Chlorinated polyethylene (CPE), elastomers, and resins are widely used in numerous industries. Chlorinated polyethylene polymers are famous as impact modifiers.
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The chlorinated polyethylene market can be segmented based on type, application, end-use industry, and region. Chlorinated polyethylene is manufactured in two types- type A and type B. Type A CPE contains resin CPE products and is used in rubber applications such as wires, cables, and hoses. Type B CPE includes elastomer products. It is employed in the PVC products such as PVC windows, doors, fence, pipes, and others. Based on applications, the chlorinated polyethylene market can be further divided into hoses, tubing & pipes, window & door profiles, fence, molded & extruded goods, rainwater goods, foams, and others. In terms of end-use industry, the chlorinated polyethylene market can be segmented into automotive, wire & cables, specialized rubber products, building & construction, coating & adhesives, and magnetics. In terms of region, the chlorinated polyethylene market can be divided into North America, Latin America, Middle East & Africa, Europe, and Asia Pacific.
The exceptional mechanical and physical properties of the chlorinated polyethylene polymers aid in the diversified usage of the polymers in different industries. Demand for chlorinated polyethylene polymers as impact modifiers is on the rise due to their better impact resistance and low cost. Thus, demand for the polymers is increasing for blends with PVC for the tough, flexible, and rigid products. Demand for the chlorinated polyethylene polymers is rising owing to their resistance to heat, ozone, and combustion and they are estimated to replace the traditional materials such as metals for better performance of the end-products. Demand for chlorinated polyethylene is expected to increase significantly in the automobile, building & construction, and wires & cables industries in the near future. However, high gas permeability, evolution of hydrogen chloride during combustion, surge in crude oil prices, and high processing cost are anticipated to restrain the chlorinated polyethylene market.
Asia Pacific is projected to dominate the chlorinated polyethylene market during the forecast period. China is estimated to account for more than half of the market share in the region during the forecast period. Presence of several international and local manufactures augment the chlorinated polyethylene market in China. China is a leading consumer of CPE, followed by the U.S. The chlorinated polyethylene market in North America is estimated to expand at a rapid pace. Expansion of the market in Europe is projected to be sluggish.
Major players operating in the global chlorinated polyethylene market include Weifang Yaxing Chemical Co. Ltd., Lianda Corporation, Shandong Xiangsheng New Materials Technology Co. Ltd, Shandong Novista Chemicals Co. Ltd., and Dow Chemical Company.
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