The global chlorinated polyethylene resins and elastomers (CPE) industry size stands at USD 600 million as of now and is expected to reach USD 1,297 Million by the year 2032 at a CAGR of 8% from 2022 to 2032.
The other advantages are inclusive of exceptional physical and mechanical properties, tensile strength, higher filler acceptance, and low-temperature performance. PVC is being increasingly used for PVS siding, doors, pipes, and fences with upgradation in the building and construction sector.
At the same time, the fact that prices of raw materials are volatile can’t be ignored. Also, prices of crude oil are skyrocketing. Polyethylene is made from the crude oil derivatives. As such, it is directly affected by the factors mentioned above. Also, various economies are laying down strict regulations regarding the use of polyethylene in the interest of the environment. These factors are likely to restrain the chlorinated polyethylene resins and elastomers (CPE) market in the near future.
Future Market Insights has, through its line of expertise in the form of analysts and consultants, highlighted these findings with future perspectives in its latest market study entitled “Chlorinated Polyethylene Resins and Elastomers (CPE) Market”.
Key Takeaways from Chlorinated Polyethylene Resins and Elastomers (CPE) Market
- North America is going steady with respect to the chlorinated polyethylene resins and elastomers (CPE) market. This could be attributed to excessive usage of PVC in wires, tubing, coatings, cables, and molded products. Personal care products like eyeliners, eyebrow pencils, eye shadows, lipstick, mascara, foundations, and likewise also use PVC.
- Europe is expected to witness a CAGR of 12% in the chlorinated polyethylene resins and elastomers (CPE) market on the grounds of the fact that the EU is handsomely investing in the pharmaceutical sector. Also, the processed food vertical is poised to witness immense growth herein.
- The Asia-Pacific is led by China as it is the largest consumer of chlorinated polyethylene resins and elastomers (CPE) for hoses applications and impact modifiers. On the whole, the construction and electrical verticals are driving the flexible sheeting vertical.
“Impact modification is expected to expedite the chlorinated polyethylene resins and elastomers (CPE) market”, says an analyst from Future Market Insights.
Competitive Landscape
- Dow, Inc., in October 2021, entered into a partnership with Haldor Topsoe A/S with the objective of efficiently converting waste plastics to circular plastics, thereby reclaiming their value.
- ES-IJ series from Sundow is an exclusive type of polyester-based thermoplastic polyurethane elastomer. The basic application areas encompass injection molding products. The features include fast molding, proper flexibility, higher transparency and resilience, proper abrasion resistance, good hand feeling and texture, and explicit mechanical properties.
- Lianda, for the last 2.5 decades, has been providing specialty polymers and performance chemicals to the markets dealing in plastics, adhesives, and elastomers. These specialty polymers comprise FKM (fluoroelastomers), CSM (chlorosulfonated polyethylene), CR (polychloroprene), EPDM, CO/ECO (epichlorohydrin, and likewise.
What Does the Report Cover?
- Future Market Insights offers an exclusive perspective and various real-time insights on the chlorinated polyethylene resins and elastomers (CPE) market in its latest study, presenting a historical demand assessment of 2016 – 2021 and projections for 2022 – 2032.
- The research study is based on type (solution chlorination, water suspension, and solid phase chlorination process of stirring bed), by application (automotive, roofing membranes, molded straps, extruded profiles, cable jacketing, and likewise).
Key Segments Covered in the Chlorinated Polyethylene Resins Report
Type:
- Solution Chlorination
- Water Suspension
- Solid Phase Chlorination Process of Stirring Bed
Application:
- Automotive
- Roofing Membranes
- Molded Straps
- Extruded Profiles
- Cable Jacketing
- Others
Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- APEJ
- Japan
- Middle East & Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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