Global Chlorinated Polyethylene Market – Industry Trends and Forecast to 2029

Global Chlorinated Polyethylene Market, By Type (CPE 135A, CPE 135B, Others), Application (Wire & Cable Jacketing, Impact Modifier, HOSE & Tubing, Ignition Resistant Abs, Adhesives, Magnetics, Others) – Industry Trends and Forecast to 2029.

Chlorinated Polyethylene Market Analysis and Size

A polymer with exceptional flexibility and strength is chlorinated polyethylene. The polymer is easily moldable and has good stability. Depending on its use, the polymer's chlorine level varies from 35 to 75%. Based on the polymer's viscosity, chlorine content, and other characteristics, several classes are produced.

Global chlorinated polyethylene market was valued at USD 644.66 million in 2021 and is expected to reach USD 1,177.40 million by 2029, registering a CAGR of 7.82% during the forecast period of 2022-2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Chlorinated Polyethylene Market Scope and Segmentation

Market Definition

As the name implies, polyethylene is chlorinated to create chlorinated polyethylene (CPE), a thermoplastic. It has outstanding resistance to oil, UV, heat, temperature, chemicals, and the elements. It resists combustion and is challenging to ignite.    

Global Chlorinated Polyethylene Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

• Rising demand for polymer based products

Chlorinated polyethylene, also known as chlorinated PE, is a family of thermoplastics that is created by chlorinating high-density polyethylene. It is a low-cost, high-molecular-weight synthetic elastic polymer with a chlorine concentration of 34% to 44% by weight. The need for chlorinated polyethylene is growing in the current market because to its superior resistance qualities over regular polyethylene against oil, UV, heat, temperature, and chemicals.  

• Opportunities presented by rising demand for chlorine products

The market is anticipated to gain from the rising chlorine production brought on by the expansion of consumer industries. Additionally, increasing consumer adoption of the product across the globe is anticipated to fuel demand for the product.

Furthermore, the factors such as rising urbanization, industrialization and mounting number of remodeling and renovation activities are some other important market drivers. Additionally, improved demand from automotive industry and surging demand for high-performance polyethylene products for industrial applications are anticipated to drive the growth rate of the market.

Opportunities

• Growth and expansion

Growth and expansion of the adhesives and sealants industry especially in the developing economies will present very many opportunities for the growth of the market. Keeping up with advancements in manufacturing/ production technology may also be beneficial for the market as a whole.

Restraints/Challenges  

• Negative environmental impact

Stringent regulations imposed by the government in combination with surging environmental issues will create problems for the market growth.  In reaction to the increased sales of chlorinated polyethylene, which may present a barrier to the market's expansion, its adverse environmental effects have also manifested into a global issue. Some of the most important issues affecting chlorinated polyethylene sales are high gas permeability and hydrogen chloride production after combustion.

• High costs involved

High costs of raw materials will impede the market growth rate. Rising crude oil prices and high cost of processing have already been acting as major hurdles. Further, fluctuating costs incurred during the manufacturing process will yet again derail the market growth rate in the long run. Supply chain disruptions arising out of COVID-19 restrictions has further worsened the situation.

This chlorinated polyethylene market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the chlorinated polyethylene market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

COVID-19 Impact on Chlorinated Polyethylene Market

Throughout the COVID-19 epidemic, the chlorinated polyethylene industry has faced a number of obstacles and setbacks. The lack of raw materials was caused by issues with logistics and the supply chain. In addition, diminishing product demand is a result of decreased manufacturing production across industries as a result of stringent government regulations. For manufacturers, issues including a labour shortage and rigid social standards around social distance have been obstacles. However, once COVID-19's effects fade, the market for chlorinated polyethylene will present enormous prospects.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Global Chlorinated Polyethylene Market Scope

The chlorinated polyethylene market is segmented on the basis of type and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• CPE 135A
• CPE 135B
• Others

Application

• Wire & Cable Jacketing
• Impact Modifier
• HOSE & Tubing
• Ignition Resistant Abs
• Adhesives
• Magnetics
• Others

Chlorinated Polyethylene Market Regional Analysis/Insights

The chlorinated polyethylene market is analyzed and market size insights and trends are provided by country, type and application as referenced above.

The countries covered in the chlorinated polyethylene market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

During the forecast period, Asia-Pacific is expected to account for a sizable portion of the global market. This can be attributed to the escalating demand from various end user verticals in the developing economies such as India, China and Japan.   

Over the forecast period, North America is anticipated to have the highest CAGR. Over the course of the forecast period, it is expected that the demand for chlorinated polyethylene in the region will rise owing to the increased focus of the major players on expanding in this region and high scale demand form the end user verticals.  

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Chlorinated Polyethylene Market Share Analysis

The chlorinated polyethylene market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to chlorinated polyethylene market.

Some of the major players operating in the chlorinated polyethylene market are

• Henkel AG & Co. KGAA (Germany)
• Polycast Industries Inc. (India)
• 3M (U.S.)
• Dow (U.S.)
• DuPont (U.S.)
• Wacker Chemie AG (Germany)
• Momentive Performance Materials Inc. (U.S.)
• Shin-Etsu Chemical Company Ltd. (Japan)
• Evonik Industries AG (Germany)
• Weifang Yaxing Chemical Co., Ltd. (China)
• Shandong Novista Chemicals Co.,Ltd. (China)
• SHOWA DENKO K.K.  (Japan)
• Aurora Plastics LLC (U.S.)
• Shandong Xuye New Materials Co., Ltd. (China)
• Shandong Xiansheng Plastic Industry Co., Ltd. (China)
• Shandong Gaoxin Chemical Co., Ltd. (China)
• Hangzhou Keli Chemical Co., Ltd. (China)
• Sundow Polymers Co., Ltd. (China)
• Jiangsu Tianteng Chemical Industry Co., Ltd. (China)