Global Chlorinated
Polyethylene Market strategic research study
offers company accounts, industry investors, and industry members with
consequential insights to enable them to make reliable strategic decisions
regarding the opportunities in the global market.
In this report, we
thoroughly examine and analyse the Global market for Chlorinated Polyethylene
so that market participants can improve their business strategy and ensure
long-term success. This report provides players with useful information and
suggests result-based ideas to give them a competitive advantage in the global Chlorinated
Polyethylene industry. It will show how other players compete in the global Chlorinated
Polyethylene Market and explain the strategies you use to differentiate
yourself from other participants.
This Research Report
Answers the Following Questions:
·
How Chlorinated
Polyethylene market
will grow in the coming year?
·
Will the COVID-19 pandemic surge the demand for such platforms?
·
How are key companies planning to promote benefits of Chlorinated Polyethylene?
·
What are the industry growth drivers, obstacles, and dynamics?
·
Which segment is expected to lead in the coming years?
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The global chlorinated
polyethylene market size was estimated at USD 431.6 million in 2016 and is
anticipated to reach USD 890.3 million by 2025. The global market for
chlorinated polyethylene is expected to witness an exponential growth over the
forecast period due to its broad spectrum of application and advancement of
technology. Chlorinated polyethylene resins and thermoplastic polymers
elastomers are having physical and chemical properties improved. Thereof are
used as the thermoplastic elastomer, for modifying various resins such as
Polyethyelene (PE), acrylonitrile butadiene styrene (ABS), and polyvinyl
chloride (PVC). Chlorinated polyethylene resins provide resistance against
abrasion, weather, oil, heat, fire, and chemicals.
Other (PE-C) properties
include excellent mechanical and physical properties, high charge acceptance,
tensile strength and low-temperature performance. Applications of resins and
chlorinated polyethylene elastomers include geo-membranes, as an impact
modifier and a flexible sheet, roofing membranes, molded shapes, automotive
extrusions and cable sheaths and as polymer based. The growing demand for
resins and elastomers chlorinated polyethylene impact change request should
drive market growth. Impact modification is the largest application of the PE-C
in terms of consumption. It is widely used for modifying the impact of PVC
fence, terrace, window profiles, pipes and vinyl siding.
CPEs are added to PVC
formulations, PE, and PP plastic products to improve weather resistance, the
welding strength, low-temperature performance, and impact resistance. In
addition, the growing demand for the flexible sheet in electrical son and
cables, roofing applications and rubber products for seals and shoe soles.
Flexible sheets of industry experienced strong growth in the Asia-Pacific
region due to the construction as well as electrical industries. These segments
are driven by changing lifestyles and increasing disposable income. Further,
increasing demand auto and industrial hose pipes are expected to fuel market
growth resins and chlorinated polyethylene elastomers.
Due to its properties such
as temperature resistance, oil resistance, chemical resistance, and ozone
resistance; the CPE has become the ideal choice for applications such as oil
pipes, tubes power steering fluid, cooling fluid distribution tubes. It can
also be used for ventilation tubes and vacuum in the automobile. The automotive
industry is driven by global demand for various types of automobiles for
various applications. Industrial hoses are used for chemical delivery and oil
delivery in different mechanisms of manufacturing plants.
However, rising crude oil
prices and therefore, the volatility of commodity prices should curb the growth
of the market for resins and elastomers chlorinated polyethylene. Polyethylene
is made from crude oil derivatives and is subject to availability and price
changes. In addition, the high cost of treatment for developing
application-specific elastomer or resin should hinder market growth.
Development of new applications in the pharmaceutical and health care should
offer opportunities for market players. Due to the non-hazardous nature of the
resins and chlorinated polyethylene elastomers, it can be used for the
manufacture of pharmaceutical factories and the health industry.
Asia-Pacific was the
largest market for resins and elastomers chlorinated polyethylene in terms of
consumption. China accounts for the largest share of the global market in terms
of production and consumption. Most CPE in China is used to impact modifier and
implementation pipes. Demand from Europe and the rest of the world is expected
to grow at a moderate pace. Asia Pacific was followed by North America, where
the United States was the largest consumer.
The global market of elastomers and Chlorinated polyethylene resins are
highly concentrated with a few players dominating the market. Most players have
their manufacturing plant in China and the Chinese vendors’ threat is moderate
because of the high cost of treatment.
The main chlorinated
polyethylene resins and elastomers market players include Cevo Industry Ltd.,
Shandong Sanyi Industrial Co. Ltd., WeifangPolygr and Chemical Co. Ltd, Sanyi
Chemical, Novista, DuPont, Lianda Corporation, Sundow Polymers Co. Ltd., and Dow
Chemical Company.
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