[306 Pages Report] The chlorinated polyethylene market is predicted to witness an impressive CAGR of 7.2% over the forecasted period of 2022 to 2032. The global chlorinated polyethylene market share is estimated to reach a value of nearly US$ 1.3 Billion by 2032, increasing from US$ 669 Million in 2021.
“In the foreseeable future, the chlorinated polyethylene market is likely to increase in parallel with the rise in demand for polymer-based products.”
After the chlorination of high-density polyethylene produces a family of thermoplastics known as chlorinated polyethylene or chlorinated PE, it is a low-cost, high-molecular-weight synthetic elastic polymer having a chlorine concentration of 34% to 44% by weight. Under its better resistance quality over standard polyethylene against oil, UV, heat, temperature, and chemicals, the demand for chlorinated polyethylene is gaining momentum in the present market.
| Attributes | Details |
|---|---|
| Chlorinated Polyethylene Market Share (2021) | US$ 620.2 Million |
| Chlorinated Polyethylene Market Size Value (2022) | US$ 669 Million |
| Chlorinated Polyethylene Market Size Value (2032) | US$ 1.3 Billion |
| Chlorinated Polyethylene Market Growth Rate (2022-2032) | 7.2% |
The chlorinated Polyethylene Market is a high-strength, flexible polymer that is flammable yet difficult to ignite, making it a suitable primal matter for industrial use. The polymer is stable and easy to work with, which has consolidated the chlorinated polyethylene market trends over the last couple of years.
The chlorinated PE polymer comes in various grades based on its chlorine level, viscosity, and other characteristics. It can be combined with other polymers to improve their performance, which has extended the chlorinated polymer market opportunities in a variety of polymer industries.
The sales of chlorinated polyethylene material are mostly meant for mixing with polyvinyl chloride or PVC to create a variety of thermoplastic goods. Elastomers, resins, and chlorinated polyethylene (CPE) are widely employed in a variety of sectors that, in turn, supply raw materials to other industries.
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Throughout the COVID-19 epidemic, the chlorinated polyethylene market sector faced several hurdles and interruptions on the demand and supply fronts. Difficulty obtaining raw materials loomed as a severe challenge for the global chlorinated polyethylene market of logistical and supply chain issues.
Furthermore, the reduction of business across industries as a result of rigorous government regulations resulted in reduced demand for chlorinated polyethylene in the regional markets worldwide. Chlorinated polyethylene manufacturers have also faced difficulty due to labour scarcity and strong social separation rules.
As per the chlorinated polyethylene demand analysis conducted by Future Market Insights for the years covering 2015 to 2021, the year-on-year growth rate was found to be 7.8%. However, as the effects of COVID-19 fade gradually, the chlorinated polyethylene industry is expected to recover slowly but surely over the forecasted years following the restoration of market activities.
“The sales of chlorinated polyethylene got fuelled by its ability to replace commonly used polymers in the automobiles and aerospace sectors with better results.”
The global chlorinated polyethylene market is likely to profit from higher chlorine production and reduction in cost owing to the expansion of consumer industries in several economies. Furthermore, the increased acceptance of chlorinated polyethylene rubber by people throughout the world is likely to fuel demand for the product in the upcoming years.
The introduction of new applications for chlorinated PE in the medical and biopharmaceutical sectors, together with technical improvements, can yield better prospects for the chlorinated polyethylene market's key trends and opportunities.
Over the projected period of 2022 to 2032, fluctuating costs of raw materials required for the industry, as well as manufacturing overcapacity of production facilities, can stymie the expansion of the chlorinated polyethylene market at some point. Furthermore, laws restricting chlorinated polyethylene use across industries are anticipated to stifle the market's growth to some extent.
In the projection term, market competition from alternative effect modifiers such as MBS resins and acrylics is anticipated to restrain the chlorinated polyethylene market future trends. Rising crude oil prices and high processing costs are expected to limit the chlorinated gas supply, further undermining the global chlorinated polyethylene market share.
Its negative environmental implications have also materialized into a global concern in response to the rising sales of chlorinated polyethylene, which could pose a hurdle to the market's growth. High gas permeability and generation of hydrogen chloride during burning are some of the most serious concerns exerting a backlash over the sales of chlorinated polyethylene.
Principal Consultant
Market polymers made of chlorinated polyethylene are well-known as impact modifiers. As impact modifiers, chlorinated polyethylene polymer has superior impact resistance and is less expensive than its counterparts. Therefore the demand for chlorinated polyethylene is likely to expand in this application segment at a rate of 6.4% over the forecasted years.
Given that chlorinated polyethylene is resistant to heat, ozone, and combustion, its demand is also expected to grow considerably for the wire & cable jacketing application segment. For higher end-product efficiency, chlorinated polyethylene is predicted to replace traditional materials in other areas of application as well.
During the projected period of 2022 to 2032, sales of chlorinated polyethylene in the automotive, construction & manufacturing industries are also predicted to increase remarkably.
The roofing and the sheeting sector is expected to capture a significant proportion of the chlorinated polyethylene market share in terms of application. For single-layer roofing systems, chlorinated polyethylene CPE 135A is gaining appeal as a flexible and watertight membrane in the construction industry.
According to the recent chlorinated polyethylene market survey report, the total volume of CPE 135A production and sales is estimated to be swelling at a rate of 7%.
Chlorinated polyethylene material is UV resistant and offers a beautiful finish to the roof, making it a popular building item for many builders. Its main advantage of increasing the load-bearing capacity of PVC at a lower total cost has affected it into the fastest-growing segment, as per the chlorinated polyethylene market analysis.
| Countries | Growth Rate (2022 to 2032) |
|---|---|
| United States (US) | 6.6% |
| United Kingdom (UK) | 6.3% |
| China | 6.3% |
| Japan | 5.7% |
| South Korea | 5.2% |
Over the forecasted time period, Asia Pacific is expected to lead the global chlorinated polyethylene market by the greater contribution of three better-performing countries, namely China, Japan, and South Korea. China is expected to occupy more than half of the chlorinated polyethylene market share in this geographical area, with a total assessment of nearly US$ 50 Million for the year 2020.
The chlorinated polyethylene market in China is getting bolstered by the presence of various multinational and domestic manufacturers. China is the world's largest user of Chlorinated PE, followed by the United States and India.
The US chlorinated polyethylene market is expected to grow rapidly during the projected period, with the best CAGR of 6.6%. PVC tubing, wires, cables, coatings, and molded items are in high demand in the US, and its adjoining areas are making it one of the world's major marketplaces for chlorinated polyethylene products translating into a net worth of US$ 243.5 Million in the year 2022.
The market expansion in Europe is expected to be slow, pertaining to saturation in demand for chlorinated polyethylene across many end use industries. However, the sales of chlorinated polyethylene are constantly rising in the United Kingdom (UK) for usage in magnetic rubber goods and hoses.
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Most of the chlorinated polyethylene market players are indulged in research and development of this higher-grade polymer for creating some better opportunities in the global market. Working over its property of getting totally recycled is assumed to induce a positive change over chlorinated polyethylene market outlook by ensuring cleanliness and environmental friendliness.
Recent Developments in the Chlorinated Polyethylene Market
The global chlorinated polyethylene market is estimated to record a CAGR of 7.2% during the forecast period of 2022 to 2032.
The global chlorinated polyethylene market size is predicted to be valued at US$ 1.3 Billion by 2032.
The global chlorinated polyethylene market share was valued at US$ 620.2 Million in 2021.
United States accounts for the largest revenue share of about US$ 243.5 Million.
Asia Pacific region is predicted to witness the highest CAGR in the chlorinated polyethylene market.
1. Executive Summary 1.1. Global Market Outlook 1.2. Summary of Statistics 1.3. Key Market Characteristics & Attributes 1.4. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Risks and Trends Assessment 3.1. Risk Assessment 3.1.1. COVID-19 Crisis and Impact on Demand 3.1.2. COVID-19 Impact Benchmark with Previous Crisis 3.1.3. Impact on Market Value (US$ Mn) 3.1.4. Assessment by Key Countries 3.1.5. Assessment by Key Market Segments 3.1.6. Action Points and Recommendation for Suppliers 3.2. Key Trends Impacting the Market 3.3. Formulation and Product Development Trends 4. Market Background and Foundation Data Points 4.1. Global Market (US$ Mn) 4.2. Market Opportunity Assessment (US$ Mn) 4.2.1. Total Available Market 4.2.2. Serviceable Addressable Market 4.2.3. Serviceable Obtainable Market 4.3. Market Scenario Forecast 4.3.1. Demand in optimistic Scenario 4.3.2. Demand in Likely Scenario 4.3.3. Demand in Conservative Scenario 4.4. Investment Feasibility Analysis 4.4.1. Investment in Established Markets 4.4.1.1. In Short Term 4.4.1.2. In Long Term 4.4.2. Investment in Emerging Markets 4.4.2.1. In Short Term 4.4.2.2. In Long Term 4.5. Forecast Factors - Relevance & Impact 4.5.1. Top Companies Historical Growth 4.5.2. Global Market Growth 4.5.3. Adoption Rate, By Country 4.6. Market Dynamics 4.6.1. Market Driving Factors and Impact Assessment 4.6.2. Prominent Market Challenges and Impact Assessment 4.6.3. Market Opportunities 4.6.4. Prominent Trends in the Global Market & Their Impact Assessment 5. Key Success Factors 5.1. Manufacturers’ Focus on Low Penetration High Growth Markets 5.2. Banking on with Segments High Incremental Opportunity 5.3. Peer Benchmarking 6. Global Market Demand Analysis 2015-2021 and Forecast, 2022-2032 6.1. Historical Market Analysis, 2015-2021 6.2. Current and Future Market Projections, 2022-2032 6.3. Y-o-Y Growth Trend Analysis 7. Global Market Value Analysis 2015-2021 and Forecast, 2022-2032 7.1. Historical Market Value (US$ Mn) Analysis, 2015-2021 7.2. Current and Future Market Value (US$ Mn) Projections, 2022-2032 7.2.1. Y-o-Y Growth Trend Analysis 7.2.2. Absolute $ Opportunity Analysis 8. Global Market Analysis 2015-2021 and Forecast 2022-2032, By Product 8.1. Introduction / Key Findings 8.2. Historical Market Size (US$ Mn) Analysis By Product, 2015-2021 8.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By Product, 2022-2032 8.3.1. CPE 135A 8.3.2. CPE 135B 8.3.3. Others 8.4. Market Attractiveness Analysis By Product 9. Global Market Analysis 2015-2021 and Forecast 2022-2032, By Application 9.1. Introduction / Key Findings 9.2. Historical Market Size (US$ Mn) Analysis By Application, 2015-2021 9.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By Application, 2022-2032 9.3.1. Impact Modifier 9.3.2. Wire & Cable Jacketing 9.3.3. Hose & Tubing 9.3.4. Adhesives 9.3.5. Magnetics 9.3.6. IR ABS 9.3.7. Others 9.4. Market Attractiveness Analysis By Application 10. Global Market Analysis 2015-2021 and Forecast 2022-2032, By Region 10.1. Introduction 10.2. Historical Market Size (US$ Mn) Analysis By Region, 2015-2021 10.3. Current Market Size (US$ Mn) & Analysis and Forecast By Region, 2022-2032 10.3.1. North America 10.3.2. Latin America 10.3.3. Europe 10.3.4. Asia Pacific 10.3.5. Middle East and Africa (MEA) 10.4. Market Attractiveness Analysis By Region 11. North America Market Analysis 2015-2021 and Forecast 2022-2032 11.1. Introduction 11.2. Pricing Analysis 11.3. Historical Market Value (US$ Mn) Trend Analysis By Market Taxonomy, 2015-2021 11.4. Market Value (US$ Mn) & Forecast By Market Taxonomy, 2022-2032 11.4.1. By Country 11.4.1.1. U.S. 11.4.1.2. Canada 11.4.1.3. Rest of North America 11.4.2. By Product 11.4.3. By Application 11.5. Market Attractiveness Analysis 11.5.1. By Country 11.5.2. By Product 11.5.3. By Application 12. Latin America Market Analysis 2015-2021 and Forecast 2022-2032 12.1. Introduction 12.2. Pricing Analysis 12.3. Historical Market Value (US$ Mn) Trend Analysis By Market Taxonomy, 2015-2021 12.4. Market Value (US$ Mn) & Forecast By Market Taxonomy, 2022-2032 12.4.1. By Country 12.4.1.1. Brazil 12.4.1.2. Mexico 12.4.1.3. Rest of Latin America 12.4.2. By Product 12.4.3. By Application 12.5. Market Attractiveness Analysis 12.5.1. By Country 12.5.2. By Product 12.5.3. By Application 13. Europe Market Analysis 2015-2021 and Forecast 2022-2032 13.1. Introduction 13.2. Pricing Analysis 13.3. Historical Market Value (US$ Mn) Trend Analysis By Market Taxonomy, 2015-2021 13.4. Market Value (US$ Mn) & Forecast By Market Taxonomy, 2022-2032 13.4.1. By Country 13.4.1.1. Germany 13.4.1.2. France 13.4.1.3. U.K. 13.4.1.4. Italy 13.4.1.5. Benelux 13.4.1.6. Nordic Countries 13.4.1.7. Rest of Europe 13.4.2. By Product 13.4.3. By Application 13.5. Market Attractiveness Analysis 13.5.1. By Country 13.5.2. By Product 13.5.3. By Application 14. Asia Pacific Market Analysis 2015-2021 and Forecast 2022-2032 14.1. Introduction 14.2. Pricing Analysis 14.3. Historical Market Value (US$ Mn) Trend Analysis By Market Taxonomy, 2015-2021 14.4. Market Value (US$ Mn) & Forecast By Market Taxonomy, 2022-2032 14.4.1. By Country 14.4.1.1. China 14.4.1.2. Japan 14.4.1.3. South Korea 14.4.1.4. Rest of Asia Pacific 14.4.2. By Product 14.4.3. By Application 14.5. Market Attractiveness Analysis 14.5.1. By Country 14.5.2. By Product 14.5.3. By Application 15. Middle East and Africa Market Analysis 2015-2021 and Forecast 2022-2032 15.1. Introduction 15.2. Pricing Analysis 15.3. Historical Market Value (US$ Mn) Trend Analysis By Market Taxonomy, 2015-2021 15.4. Market Value (US$ Mn) & Forecast By Market Taxonomy, 2022-2032 15.4.1. By Country 15.4.1.1. GCC Countries 15.4.1.2. South Africa 15.4.1.3. Turkey 15.4.1.4. Rest of Middle East and Africa 15.4.2. By Product 15.4.3. By Application 15.5. Market Attractiveness Analysis 15.5.1. By Country 15.5.2. By Product 15.5.3. By Application 16. Key Countries Market Analysis 2015-2021 and Forecast 2022-2032 16.1. Introduction 16.1.1. Market Value Proportion Analysis, By Key Countries 16.1.2. Global Vs. Country Growth Comparison 16.2. US Market Analysis 16.2.1. Value Proportion Analysis by Market Taxonomy 16.2.2. Value & Analysis and Forecast by Market Taxonomy, 2022-2032 16.2.2.1. By Product 16.2.2.2. By Application 16.3. Canada Market Analysis 16.3.1. Value Proportion Analysis by Market Taxonomy 16.3.2. Value & Analysis and Forecast by Market Taxonomy, 2022-2032 16.3.2.1. By Product 16.3.2.2. By Application 16.4. Mexico Market Analysis 16.4.1. Value Proportion Analysis by Market Taxonomy 16.4.2. Value & Analysis and Forecast by Market Taxonomy, 2022-2032 16.4.2.1. By Product 16.4.2.2. By Application 16.5. Brazil Market Analysis 16.5.1. Value Proportion Analysis by Market Taxonomy 16.5.2. Value & Analysis and Forecast by Market Taxonomy, 2022-2032 16.5.2.1. By Product 16.5.2.2. By Application 16.6. Germany Market Analysis 16.6.1. Value Proportion Analysis by Market Taxonomy 16.6.2. Value & Analysis and Forecast by Market Taxonomy, 2022-2032 16.6.2.1. By Product 16.6.2.2. By Application 16.7. France Market Analysis 16.7.1. Value Proportion Analysis by Market Taxonomy 16.7.2. Value & Analysis and Forecast by Market Taxonomy, 2022-2032 16.7.2.1. By Product 16.7.2.2. By Application 16.8. Italy Market Analysis 16.8.1. Value Proportion Analysis by Market Taxonomy 16.8.2. Value & Analysis and Forecast by Market Taxonomy, 2022-2032 16.8.2.1. By Product 16.8.2.2. By Application 16.9. BENELUX Market Analysis 16.9.1. Value Proportion Analysis by Market Taxonomy 16.9.2. Value & Analysis and Forecast by Market Taxonomy, 2022-2032 16.9.2.1. By Product 16.9.2.2. By Application 16.10. UK Market Analysis 16.10.1. Value Proportion Analysis by Market Taxonomy 16.10.2. Value & Analysis and Forecast by Market Taxonomy, 2022-2032 16.10.2.1. By Product 16.10.2.2. By Application 16.11. Nordic Countries Market Analysis 16.11.1. Value Proportion Analysis by Market Taxonomy 16.11.2. Value & Analysis and Forecast by Market Taxonomy, 2022-2032 16.11.2.1. By Product 16.11.2.2. By Application 16.12. China Market Analysis 16.12.1. Value Proportion Analysis by Market Taxonomy 16.12.2. Value & Analysis and Forecast by Market Taxonomy, 2022-2032 16.12.2.1. By Product 16.12.2.2. By Application 16.13. Japan Market Analysis 16.13.1. Value Proportion Analysis by Market Taxonomy 16.13.2. Value & Analysis and Forecast by Market Taxonomy, 2022-2032 16.13.2.1. By Product 16.13.2.2. By Application 16.14. South Korea Market Analysis 16.14.1. Value Proportion Analysis by Market Taxonomy 16.14.2. Value & Analysis and Forecast by Market Taxonomy, 2022-2032 16.14.2.1. By Product 16.14.2.2. By Application 16.15. GCC Countries Market Analysis 16.15.1. Value Proportion Analysis by Market Taxonomy 16.15.2. Value & Analysis and Forecast by Market Taxonomy, 2022-2032 16.15.2.1. By Product 16.15.2.2. By Application 16.16. South Africa Market Analysis 16.16.1. Value Proportion Analysis by Market Taxonomy 16.16.2. Value & Analysis and Forecast by Market Taxonomy, 2022-2032 16.16.2.1. By Product 16.16.2.2. By Application 16.17. Turkey Market Analysis 16.17.1. Value Proportion Analysis by Market Taxonomy 16.17.2. Value & Analysis and Forecast by Market Taxonomy, 2022-2032 16.17.2.1. By Product 16.17.2.2. By Application 16.17.3. Competition Landscape and Player Concentration in the Country 17. Market Structure Analysis 17.1. Market Analysis by Tier of Companies 17.2. Market Concentration 17.3. Market Share Analysis of Top Players 17.4. Market Presence Analysis 17.4.1. By Regional footprint of Players 17.4.2. Product footprint by Players 18. Competition Analysis 18.1. Competition Dashboard 18.2. Competition Benchmarking 18.3. Competition Deep Dive 18.3.1. Weifang Yaxing Chemical Co. Ltd 18.3.1.1. Overview 18.3.1.2. Product Portfolio 18.3.1.3. Sales Footprint 18.3.1.4. Strategy Overview 18.3.2. Novista Group Co. Ltd 18.3.2.1. Overview 18.3.2.2. Product Portfolio 18.3.2.3. Sales Footprint 18.3.2.4. Strategy Overview 18.3.3. Showa Denko K.K. 18.3.3.1. Overview 18.3.3.2. Product Portfolio 18.3.3.3. Sales Footprint 18.3.3.4. Strategy Overview 18.3.4. Aurora Plastics, LLC 18.3.4.1. Overview 18.3.4.2. Product Portfolio 18.3.4.3. Sales Footprint 18.3.4.4. Strategy Overview 18.3.5. Shandong Xuye New Materials 18.3.5.1. Overview 18.3.5.2. Product Portfolio 18.3.5.3. Sales Footprint 18.3.5.4. Strategy Overview 18.3.6. Shandong Xiangsheng Plastic Industry Co. Ltd. 18.3.6.1. Overview 18.3.6.2. Product Portfolio 18.3.6.3. Sales Footprint 18.3.6.4. Strategy Overview 18.3.7. Hangzhou Keli Chemical Co. Ltd. 18.3.7.1. Overview 18.3.7.2. Product Portfolio 18.3.7.3. Sales Footprint 18.3.7.4. Strategy Overview 18.3.8. Cevo Industry Company Ltd. 18.3.8.1. Overview 18.3.8.2. Product Portfolio 18.3.8.3. Sales Footprint 18.3.8.4. Strategy Overview 18.3.9. DuPont 18.3.9.1. Overview 18.3.9.2. Product Portfolio 18.3.9.3. Sales Footprint 18.3.9.4. Strategy Overview 19. Assumptions and Acronyms Used 20. Research Methodology
Chemicals & Materials
June 2022
REP-GB-318
250 pages
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Chlorinated Polyethylene Market
