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Global Chlorinated Polyethylene Market Insight 2021-12-29 Comments

The chlorinated polyethylene is forecast to continue rising over the next four years. According to the World Knowledge Information (WKI) “Global Chlorinated Polyethylene Professional Survey Report 2021, Forecast to 2026”, The growing demand for high-performance polyethylene products in industrial applications has been driving market growth.The compound annual growth rate (CAGR) for the 2021-2026 period is projected to be 8.02% base on WKI regression analysis model.

Analysts’ Viewpoint:

“Judging from the current industry situation, the chlorinated polyethylene market is scattered, the industry concentration is low, and the industry access threshold is low. Enterprises in the investment wait-and-see period can seize the opportunity,” said Selena, senior analyst of WKI Chemical Market Research Center, “Affected by the epidemic, e-commerce is developing rapidly. Chlorinated polyethylene manufacturers can consider developing the online market in an all-round way, so as to broaden their sales channels.”

Market insight:

CPE helps to improve the processing performance of semi-soft and hard PVC profiles and extrusions, and can also reduce the total loading cost without destroying the physical properties of the PVC compound. Therefore, various final The user industry’s demand for products continues to grow, and the market scale of chlorinated polyethylene is also expanding. Another key growth driver is the growing demand for products in automotive and industrial applications. Because CPE has excellent oil resistance and heat resistance, the automotive industry uses CPE in under-hood applications. The product may also replace neoprene (CR) used in industrial hose applications in the next few years. In addition, the product is compatible with a variety of polymers including ABS, PVC, PE, etc., and its scope of use will be expanded in the future. The growing demand for automobiles in emerging economies may drive chlorinated polyethylene market demand in the next few years.

The formulation of some relevant laws and regulations will restrict the behavior of consumers of downstream products, reduce the demand for chlorinated polyethylene products and hinder the development of chlorinated polyethylene market. For example, government agencies such as the U.S. Food and Drug Administration (FDA) and the European Chemicals Administration (ECHA) have developed regulations on the use of chlorine to protect workers’ lives and aquatic ecosystems.

Competition Landscape:

The global chlorinated polyethylene market is fragmented in nature owing to the presence of numerous players in the market with no significant market share. Some of the major companies are SHOWA DENKO K.K., Hangzhou Keli Chemical Co., Ltd, Shandong Novista Chemical Ltd., Dow, Sundow Polymers Co., Ltd. and others.

Segmentation of Chlorinated polyethylene Market:

According to the type, the chlorinated polyethylene on the market can be divided into CPE 135A, CPE 135B and other types. The CPE 135A segment occupies the largest share of the chlorinated polyethylene market. Due to the increasing use of this product in vinyl siding and impact modifiers for consumer products (such as refrigerators and microwave ovens) and window profiles The more, the demand for this product is expected to increase. Due to the excellent ductility of this product, the increasing use of CPE 135A in specialty PVC wire conduits and highly filled compounds is expected to drive market growth during the forecast period. According to the application, the market is divided into impact modifiers, adhesives, magnetic materials, wire and cable sheaths, hoses and pipes, coatings, infrared absorption, etc. Due to the growing demand for highly durable flame-retardant sheath products to reduce fire risks in commercial and domestic locations, wire and cable sheath applications are expected to dominate the market. Due to the low cost of the product, coupled with growing environmental concerns about chlorosulfonated polyethylene (CSPE), it is expected to drive market growth during the forecast period.

Chlorinated polyethylene Market: Regional Analysis

In terms of geography, the global chlorinated polyethylene market has been segmented into: North America, Asia Pacific, Europe, South America, and the Middle East and Africa. The Asia-Pacific region has a dominant global position. Due to strong demand from the construction and transportation industries, especially in emerging countries such as India and China, the Asia-Pacific market is expected to continue to dominate the world during the forecast period.China is estimated to account for more than half of the market share in the region during the forecast period. The 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. Rising demand for Chlorinated Polyethylene Market in Europe for use in magnetic rubber products and hoses is expected to drive the market growth.

 

Cagr: 8.02%
Largest share area:Asia-Pacific
Largest share country:China