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Chlorinated polyethylene (CPE) is a substance obtained in high-density polyethylene (HDPE) by substituting hydrogen atoms for chlorine atoms. CPE is available as white powder. CPE is a porous rubber with outstanding chemical properties such as resistance to ageing of thermal oxygen, ageing of the ozone and resistance to acid and alkali. CPE exhibits outstanding flame retardant properties and is special evidence of combustion-drip. It has better durability, higher whiteness and is ideal for a wide range of applications in plastics and rubbers, the product is completely recovered which ensures cleanliness and environmentally friendly.
Chlorinated polyethylene polymer as impact modifiers has better impact resistance and low cost thus demand for chlorinated polyethylene is expected to grow. As a result, demand for the polymers for the rugged, flexible, and rigid products is growing for blends with PVC. Chlorinated polyethylene has resistance to heat, ozone, and combustion therefore demand for chlorinated polyethylene is likely to expand at rapid pace. Chlorinated polyethylene is expected to substitute conventional materials such as metals for better end-product efficiency. Demand for chlorinated polyethylene in the automotive, building & manufacturing, and wires & cables industries is expected to grow significantly during the forecast period.
Key Market Driver -
Growing demand from automotive, building & manufacturing, and wires & cables industries.
Key Market Restraint -
Fluctuation of raw materials prices is restraining the growth
Fluctuation of raw material prices such as high-density polyethylene (HDPE) is anticipated to hamper the growth of chlorinated polyethylene. Overcapacity of chlorinated polyethylene in China actually exists a significant surplus of Chinese production, but some Chinese production is considered to be non-operational. Thus overcapacity of chlorinated polyethylene is likely to restrain the chlorinated polyethylene market.
Based on type, the market for chlorinated polyethylene is further segmented into CPE 135 A, CPE 135B, and others. Based on application, the market is segmented into impact modifier, wire & cable jacketing, hose & tubing, adhesives, magnetics, ir abs, and others.
From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The global chlorinated polyethylene industry is moderately fragmented, with a number of global & regional players operating.
The chlorinated polyethylene report will cover the following key insights:
The chlorinated polyethylenes market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is anticipated to dominate the chlorinated polyethylene market share. Asia Pacific is projected to expand rapidly due to growing end-use industries such construction, automotive, wire & cable, and others in the region. China accounted for the largest volume of production due to the involvement of a large number of producers, combined with low production costs. China is expected to hold the prime share of chlorinated polyethylene market due to existence of a large industrial base in the country.
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China is the world leader in chlorinated polyethylene production as well as consumption followed by India. The North American market for chlorinated polyethylene is expected to grow at a significant rate. Increasing pharmaceutical and healthcare use of the product in various disease detection and drug delivery devices is expected to drive market. In Europe chlorinated polyethylene market is expected to expand rapidly due to increased use of the drug for impact modifier applications.
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