Weifang Yaxing Chemical Co. Ltd, Shandong Novista Chemicals Co.,Ltd (Novista Group), Showa Denko K. K., Shandong Xuye New Materials Co., Ltd., and Hangzhou Keli Chemical Co., Ltd., among others, are the key players in the global market for chlorinated polyethylene.
As per the analysis by Expert Market Research, the global chlorinated polyethylene market attained a value of about USD 645.3 million in 2021. The market is further expected to grow in the forecast period of 2022-2027 at a CAGR of 8.38% to reach nearly USD 1,045.7 million by 2027, driven by the growing applications of chlorinated polyethylene.
High-density polyethylene (HDPE) is transformed into chlorinated polyethylene (CPE) by exchanging hydrogen atoms with chlorine atoms (HDPE). Chlorinated polyethylene is a white powder-like substance. It has no flavour and is non-toxic. Moreover, CPE has excellent chemical stability, flexibility, and high thermal resistance. It easily blends with plastics such as polyvinyl chloride, polyethylene, and ethylene vinyl acetate (EVA). Further, chlorinated polyethylene is often produced to meet a variety of performance requirements and has a good filling performance. It processes well and has a Mooney viscosity (ML121 1 +4) between 50 and 100. Thus, various CPE grades are available due to which the demand for chlorinated polyethylene market is expected to fuel over the forecast period.
The surging utilisation of chlorinated polyethylene in building and manufacturing, wires and cables, and automotive industries is anticipated to drive the market growth. CPE polymers are likely to range from fixed thermoplastics to flexible elastomers, making them highly versatile, thus boosting its demand in various industries.
Further, the rising use of CPE as an impact modifier that enhances the impact resistance and lowers the cost of fixed and otherwise delicate PVC is further propelling the growth of the market. Moreover, the massive need for impact modifiers in industries such as construction, automobile, transportation, and packaging, among others, is leading to a surge in demand for chlorinated polyethylene, thus stimulating the chlorinated polyethylene market growth.
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A Chinese corporation, Weifang Yaxing Chemical Co., Ltd. specialises in the processing, production, and distribution of chemical resources and goods. Chlorinated polyethylene (CPE), caustic soda, azodicarbonamide (ADC) foaming agent, liquefied chlorine, hydrazine hydrate, and other industrial chemical products make up the majority of the company's output. The business sells its goods in both domestic and international markets. Yaxing is also working on developing novel chemical compounds.
Four chemical companies joined forces to form a chemicals union known as Shandong Novista Chemicals Co., Ltd. (Novista Group). These four businesses are all devoted to the creation, production, and marketing of plastic polymers and additives. By researching the paint and coating industry, the ink and adhesive industry, and the pharmaceutical sector, the company continues to expand the strength in applications. These industries frequently employ the company's chlorinated polymer and brominated intermediate.
The Showa Denko Group is a chemical technology company. It continues to produce excellent and unique goods by fusing inorganic, aluminium, and organic chemical technologies, helping to build a world where prosperity and sustainability coexist.
Shandong Xuye New Materials Co., Ltd. is a joint-stock high-tech company that primarily engages in production, research, and distribution. Chlorinated Polyvinyl Chloride (CPVC), Chlorinated Polyethylene (CPE) and Chlorinated Polyethylene rubber (CM), 5-Sulfoisophthalic acid monosodium salt (5-SSIPA), and Dimethy-5-Sulfoisophthalate Sodium Salt (SIPM) are the company's four primary products.
A high-tech company, Hangzhou Keli Chemical Co., Ltd. is focused on the manufacturing, development, and sale of innovative synthetic polymers, chlorinated polymers, and associated processing aids. The company makes special synthetic rubber compounds and rubber additives like triallyl isocyanurate (TAIC) and triallyl cyanurate. Its main products include chlorinated polyethylene rubber, chlorinated polyethylene resin for flame retardant ABS modification (TAC), and chlorinated polyethylene resin for PVC impact modification.
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.