The global chlorinated polyethylene industry size is predicted to witness a moderate growth rate of 7.2% during the forecast years of 2022 to 2032. The net worth of the global chlorinated polyethylene market share is expected to reach USD 1.3 Billion by the year 2032, increasing from USD 620.2 Million in the year 2021.
The replacement of wood and steel with plastics in the construction of doors and windows is driving the demand for chlorinated polyethylene. The sales of chlorinated polyethylene have boomed as a result of the introduction of PVC plastic profiles for doors and windows in rapidly expanding urban areas.3
Depending on the application, the chlorinated polyethylene polymer’s chlorine concentration ranges from 35 to 75 percent. As a result, the demand for polymers to mix with PVC for robust, flexible, and stiff applications continuously increases in the global market.
Key Takeaways in Chlorinated Polyethylene Market
- The global chlorinated polyethylene growth estimated in absolute Dollars is figured out to be around USD 669 Million during the projected analysis period of 2022 to 2032.
- On the basis of product type, CPE 135A is the top-selling segment by the chlorinated polyethylene market players and is predicted to be improving at a rate of 7% over the forecast years.
- Among the various applications of chlorinated polyethylene, impact modifier is the highest-grossing segment with an overall CAGR of 6.4% predicted for the forecasted time frame.
- United States is the dominating country in terms of contribution to the chlorinated polyethylene market size which is calculated to be around USD 243.5 Million in the year 2022.
- Asia Pacific region is the most promising regional market for chlorinated polyethylene that is expanding rapidly with China leading with a total contribution of USD 50.3 Million in the current year of 2022.
Competitive Landscape in Chlorinated Polyethylene Market
Name of some of the chloromethane market key players include
- Weifang Yaxing Chemicals Co. Ltd
- Novista Group Co. Ltd
- Showa Denko K. K.
- Aurora Plastics, LLC
- Shandong Xuye New Materials
- Shandong Xiangsheng Plastic Industry Co. Ltd
- Hangzhou Keli Chemical Co. Ltd
- Civo Industry Company Ltd.
- DuPont
Recent Developments in Chlorinated Polyethylene Market
- In October 2017, Aurora Plastics, LLC, which is a pioneer of polyvinyl chloride (PVC) compounds, purchased the compounder division of Lunenburg S&E Specialty Polymers based in Massachusetts of USA. After this purchase, Aurora Plastics, LLC is projected to gain access to rigid PVC powders and flexible PVC pellets, as well as chlorinated polyethylene (CPE) and other unique compounding capabilities and technologies, through the company’s consolidated entity.
- In June 2018, PolyOne announced the release of its FireCon-branded chlorinated polyethylene material. It is anticipated to improve the company’s profile by getting used in the jacketing of cable and wire applications for increased weather resistance.
Key Segments
By Product:
- CPE 135A
- CPE 135B
- Others
By Application:
- Impact Modifier
- Wire & Cable Jacketing
- Hose & Tubing
- Adhesives
- Magnetics
- IR ABS
- Others
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa (MEA)
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.
Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
