The latest report published by IMARC Group, titled “Chlorinated Polyethylene Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032”, offers a comprehensive analysis of the industry, which comprises insights on chlorinated polyethylene market demand. The report also includes competitor and regional analysis, and contemporary advancements in the global market.
The global chlorinated polyethylene market size reached US$ 666.1 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 1,128.3 Million by 2032, exhibiting a growth rate (CAGR) of 5.8% during 2024-2032.
Chlorinated polyethylene (CPE) is a thermoplastic material created by chlorinating polyethylene, which modifies its properties. This process enhances CPE's chemical resistance, flame retardancy, and weatherability, making it suitable for a variety of industrial applications. CPE is commonly used as an additive in PVC formulations to improve flexibility, impact resistance, and durability. It's also employed in the production of cables and wire coatings due to its excellent resistance to oils, chemicals, and environmental conditions.
Additionally, CPE is used in automotive parts, roofing membranes, and industrial seals. Its versatility and enhanced properties make it a valuable material in various manufacturing and construction sectors.
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Market Trends:
The global market is majorly driven by the growing demand for PVC-based products in numerous end-use industries, including construction, automotive, and electrical industries. Additionally, the market is driven by a growing emphasis on sustainability, with CPE's durability reducing the need for frequent replacements and minimizing environmental waste in various end-use industries. With infrastructure development and urbanization on the rise, particularly in emerging economies, the demand for CPE in these applications is growing, thereby creating a positive market outlook. Moreover, technological advancements in polymer processing and additives are also contributing to the growth of the market.
In addition to this, numerous innovations in CPE production technologies resulting in enhanced performance characteristics is broadening its application range, which in turn is resulting in a higher product uptake. Furthermore, increasing awareness of health and safety standards is impelling the demand for CPE, particularly for its flame-retardant properties in applications like electrical cables and insulation materials. As a result, this is creating a positive outlook for the market.
Besides this, stringent government regulations and compliance requirements regarding safety, emissions, and environmental impact are compelling industries to adopt CPE for its non-toxic and low-emission properties, which is fueling the market. Apart from this, considerable growth in the renewable energy sector, particularly in solar and wind energy, is increasing the demand for durable and resistant materials for components such as solar panel backsheets and wind turbine parts, creating lucrative opportunities in the market.
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Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- Aurora Plastics LLC
- Hangzhou Keli Chemical Co. Ltd.
- Jiangsu Tianteng Chemical Industry Co. Ltd.
- Lianda Corporation
- Shandong Novista Chemicals Co. Ltd
- Shandong Gaoxin Chemical Co. Ltd.
- Shandong Xiangsheng New Materials Technology Co. Ltd
- Shandong Xuye New Materials Co. Ltd.
- Showa Denko K.K.
- Sundow Polymers Co. Ltd.
- Weifang Yaxing Chemical Co. Ltd
Chlorinated Polyethylene Market Segmentation:
Our report has categorized the market based on region, grade type, application and end use industry.
Breakup by Grade Type:
- CPE 135A
- CPE 135B
- Others
Breakup by Application:
- Hose and Tubing
- Window and Door Profiles
- Fence
- Molded and Extruded Goods
- Rainwater Goods
- Foams
- Others
Breakup by End Use Industry:
- Automotive
- Wire and Cables
- Building and Construction
- Coating and Adhesives
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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