Global Chlorinated Polyethylene Market Growth Analysis - Forecast Trends, Market Size, Share and Outlook (2024-2032)

Global Chlorinated Polyethylene Market Size

The global chlorinated polyethylene market attained a value of about USD 757.98 million in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 8.38% to reach nearly USD 1563.70 million by 2032.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Global Chlorinated Polyethylene Market Growth

The increasing use of chlorinated polyethylene as an impact modifier is driving the growth of the growth. As chlorinated polyethylene has excellent weatherability, anti-flaming properties, high impact strength, and lower-temperature flexibility, among others, it is increasingly deployed in polyvinyl chloride (PVC), thus bolstering the growth of the industry. In addition, the extensive requirement for impact modifiers in industries like construction, automobile, transportation, and packaging, among others, is leading to a surge in demand for chlorinated polyethylene, thus invigorating the market growth.

The growing deployment of chlorinated polyethylene as a toughening agent for acrylonitrile butadiene styrene (ABS) and polypropylene plastic, among others, is significantly contributing to the growth of the industry. The high chemical resistance, colour performance, and mechanical stability of chlorinated polyethylene are also surging their utilisation as a toughening agent in applications like the industrial hose, magnetic materials, and rubber sheet, among others, thereby further augmenting the market growth.

Global Chlorinated Polyethylene Market Segmentation

Chlorinated polyethylene is a tasteless, non-toxic, and powered compound that is made by substituting hydrogen atoms in high-density polyethylene (HDPE) with chlorine atoms. It has excellent flexibility, chemical stability, and high thermal resistance. Moreover, chlorinated polyethylene easily blends with plastics like polyvinyl chloride, polyethylene, and ethylene vinyl acetate (EVA).

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

The major products of chlorinated polyethylene are:

• CPE 135A
• CPE 135B
• Others

The market can be broadly categorised on the basis of its application segments into:

• Impact Modifier
• Wire and Cable Jacketing
• Hose and Tubing
• Adhesives
• Magnetics
• IR ABS
• Others

The EMR report looks into the regional markets of chlorinated polyethylene like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Rising Demand for Chlorinated Polyethylene in Wire and Cable Jacketing to Drive the Market Growth

The rising demand for chlorinated polyethylene in wire and cable jacketing is propelling the market growth. With the excellent mechanical properties and cost-effectiveness of chlorinated polyethylene, it is extensively preferred for insulation in the electronics industry, which is fuelling the market growth. In addition, the high adaptability of chlorinated polyethylene is surging their use with polyvinyl chloride (PVC) and ethylene vinyl acetate (EVC). This, in turn, is leading to the development of products with high dimensional stability, thereby invigorating the growth of the market.

The growing demand for low-voltage-power-and-cable-control cables with excellent fire redundant properties is providing impetus to the market growth of chlorinated polyethylene. As various research activities are initiated by leading companies, chlorinated polyethylene with high processibility and oil resistant properties are developed, which is expected to fuel the market growth. Moreover, the increasing attempts to boost the cost-efficiency of the development of chlorinated polyethylene is anticipated to significantly contribute to the industry growth in the forecast period.

Key Industry Players in the Global Chlorinated Polyethylene Industry

The report presents a detailed analysis of the following key players in the global chlorinated polyethylene market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• Weifang Yaxing Chemical Co. Ltd
• Shandong Novista Chemicals Co.,Ltd (Novista Group)
• Showa Denko K. K.
• Shandong Xuye New Materials Co., Ltd.
• Hangzhou Keli Chemical Co., Ltd.
• Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

Key Highlights of the Report

Chlorinated Polyethylene Market Report Snapshots

Chlorinated Polyethylene Market Size

Chlorinated Polyethylene Market Growth

Chlorinated Polyethylene Companies