Press Release

Global Chlorinated Polyethylene Market to Reach About USD 1045.7 Million by 2027, Aided by the Rapid Industrialisation

According to a new report by EMR titled, ‘Global Chlorinated Polyethylene Market Report and Forecast 2022-2027’, the global market for chlorinated polyethylene attained a value of about USD 645.3 million in 2021. The industry is further expected to grow at a CAGR of 8.38% in the forecast period of 2022-2027 to reach a value of approximately USD 1,045.7 million by 2027.

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.

Market Analysis by Product, Application, and Region:

  • The market, on the basis of product, can be divided into CPE 135A and CPE 135B, among others.
  • Based on application, the industry can be divided into impact modifier, wire and cable jacketing, hose and tubing, adhesives, magnetics, and IR ABS, among others.
  • The regional markets for chlorinated polyethylene include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The growing deployment of chlorinated polyethylene as an impact modifier owing to its excellent weatherability and high impact strength is aiding the market growth.
  • The market is being aided by the increasing use of chlorinated polyethylene as a toughening agent in applications such as rubber sheets and magnetic materials.
  • The increasing demand for chlorinated polyethylene for insulation in wire and cable jacketing is driving the growth of the market.
  • The rising attempts to boost the cost-effectiveness of the development of chlorinated polyethylene is providing impetus to the industry growth.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for chlorinated polyethylene for the periods (2017-2021) and (2022-2027).
  • The report also offers the historical (2017-2021) and forecast (2022-2027) markets for the products, applications, and major regions of chlorinated polyethylene.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

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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