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.
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Summary of this report @ https://www.gminsights.com/industry-analysis/chlorinated-polyethylene-market
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.
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Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1 888-689-0688
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