The Asia Pacific region holds a significant share of the chlorinated polyethylene industry owing to rapid industrialisation. As chlorinated polyethylene has excellent chemical and mechanical properties, it is extensively deployed in various end-use applications, thereby augmenting the growth of the industry. The increasing use of chlorinated polyethylene in the manufacturing industry is surging its demand in countries like China and India, which is driving the market growth. Moreover, the robust growth of the construction industry in the region is leading to a surge in demand for chlorinated polyethylene, thereby significantly contributing to the growth of the industry. The presence of leading companies in the region is increasing the development of innovative chlorinated polyethylene, which is providing further impetus to the market growth.
Showa Denko K. K. (TYO: 4004), one of the leading companies in the market, offers ELASLEN, a developed chlorinated ethylene. The product deploys chlorinated elastomer technologies and is ideal for a wide range of applications. It has excellent properties like high weatherability, flexibility, chemical resistance, and heat ageing resistance. It also possesses oil resistance and colour stability to enable rich colouring. The compound offers easy handling, improved processing efficiency, and excellent heat resistance. The product finds its applications in the manufacturing of magnetic rubbers, rigid polyvinyl modifiers, cable or wire jacketing, and impact modifiers, among others. Such innovative offerings by the leading companies are driving the growth of the market. In addition, the rising use of chlorinated polyethylene in leading companies of impact modifiers like Mitsubishi Chemical Holdings Corporation (TYO: 4188) is fuelling the industry growth.
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The major players in the global chlorinated polyethylene market are 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. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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