Chlorinated Polyethylene Market Size
| Study Period | 2019 - 2029 |
| Market Volume (2024) | 577.28 kilotons |
| Market Volume (2029) | 815.35 kilotons |
| CAGR (2024 - 2029) | > 7.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Chlorinated Polyethylene Market Analysis
The Chlorinated Polyethylene Market size is estimated at 577.28 kilotons in 2024, and is expected to reach 815.35 kilotons by 2029, growing at a CAGR of greater than 7% during the forecast period (2024-2029).
The chlorinated polyethylene market witnessed several hurdles and interruptions in terms of supply and demand during the COVID-19 pandemic. Owing to the logistical and supply chain issues combined with government restrictions, chlorinated polyethylene suppliers faced challenges in procuring raw materials for production, as well as labor issues. However, as the market activities started to restore with the worldwide recovery from the pandemic because of an increase in vaccinations combined with government strategies, the chlorinated polyethylene market started to get back to the previous market states.
The increasing demand for high-performance polyethylene products is projected to drive the growth of the chlorinated polyethylene market.
Fluctuations in raw materials prices like crude oil and the laying down of strict regulations regarding the use of polyethylene from various countries are expected to hinder the market's growth during the forecast period.
Nevertheless, research and development pertaining to the development of advanced and sustainable grades of chlorinated polyethylene are expected to offer lucrative opportunities to the market.
Asia-Pacific accounted for the highest market share and is also likely to dominate the market during the forecast period.
Chlorinated Polyethylene Market Trends
Impact Modifier to Dominate the Market
- Impact modifier stands to be the dominating application segment for the chlorinated polyethylene market owing to increasing global construction and reconstruction activities, coupled with the wide applicability of chlorinated polyethylene.
- Huge demand for PVC siding, pipes, window profiles, doors, and fences is driving the growth of impact modifiers in this market, among others from the building & construction industry.
- The growing use of CPE 135A in specialty polyvinyl chloride electrical conduits and highly filled compounds is witnessed owing to its superior ductility. Development in the global market segment of CPE 135A is majorly due to the increased use of the CPE 135A category in the application of impact modifiers.
- The impact modifier is widely used in packaging applications owing to its ability to offer an ideal balance between crease-whitening resistance and clarity for packaging applications. A fast increment in the use of plastic packaging in different end-use enterprises is expected to drive the demand for impact modifiers. For instance, according to the Organisation for Economic Co-operation and Development (OECD), the global plastic use for packaging can grow up to 20.1% in volume by 2029 compared to 2022.
- The growing incorporation of plastics across industries worldwide due to the requirement of improved weight and cost reductions is also expected to propel the demand for impact modifiers and, thus, ultimately, chlorinated polyethylene. For instance, according to Our World in Data, the global plastics production volume is expected to reach nearly 573.42 million tons in 2029 compared to 475.39 million tons in 2022.
- All the factors above and drivers are expected to increase the impact modifier application segment's dominance in the market during the forecast period.
Asia-Pacific Region to Dominate the Market
- Building and construction is the largest end-user industry for chlorinated polyethylene. Chlorinated polyethylene is extensively used in construction and building materials, such as thermal insulation materials, waterproofing membranes, pipe seals, flooring materials, etc., to provide them with weather resistance, chemical resistance, and heat resistance.
- The Asia-Pacific region majorly dominates the chlorinated polyethylene market, as it has the world's busiest and largest building and construction industry. For instance, according to Seasia.co, Asia-Pacific has over 7,500 skyscrapers, which is more than 80% of the world's total number of skyscrapers.
- Countries such as China, India, Japan, Indonesia, and South Korea, among others, are responsible for the large size of the region's building and construction industry.
- Moreover, according to the United Nations Conference on Trade and Development (UNCTAD), the Asia-Pacific is projected to witness the highest growth in urban population, with an increase of 1,033 million more people residing in urban areas by 2050 compared to 2022. This will likely increase the construction volume of all kinds of buildings and infrastructure in the region. Hence, the dominance of the Asia-Pacific region over the chlorinated polyethylene market will be sustained during the forecast period.
- Chlorinated polyethylene is also extensively used in the automotive industry due to its vast applications in automotive seals, door trims, protective covers, etc. Moreover, Asia-Pacific is the leading producer of automotives globally.
- Hence, owing to the trends mentioned above and the data, the Asia-Pacific region is projected to dominate the chlorinated polyethylene market during the forecast period.
Chlorinated Polyethylene Industry Overview
The global chlorinated polyethylene market is fragmented in nature owing to the presence of numerous players with no significant market share. Some of the major players in the market (not in any particular order) include SHOWA DENKO K.K., Hangzhou Keli Chemical Co., Ltd., Shandong Novista Chemical Ltd., Dow, and Sundow Polymers Co., Ltd., amongst others.
Chlorinated Polyethylene Market Leaders
SHOWA DENKO K.K.
Hangzhou Keli Chemical Co., Ltd
Shandong Novista Chemical Ltd.
Dow
Sundow Polymers Co., Ltd.
*Disclaimer: Major Players sorted in no particular order
Chlorinated Polyethylene Market News
October 2022: Aurora Plastics LLC announced its merger with Enviroplas Inc. to offer customers a broader product portfolio backed by customer service. The combined company will offer a broad range of custom compounding capabilities and technologies, including thermoplastic elastomers such as chlorinated polyethylene alloys (CPE).
September 2022: Showa Denko K.K. announced its integration with Showa Denko Materials Co., Ltd., effective on January 1, 2023, to establish 'Resonac.' Showa Denko K.K. will become a holding company 'Resonac Holdings Corporation' and Showa Denko Materials Co., Ltd. will change into an operating company 'Resonac Corporation.'
August 2022: Dow cut global polyethylene production rates by 15% amid logistics logjams in the United States and Europe that have stymied exports since late 2021.
Chlorinated Polyethylene Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Drivers
4.1.1 Growing Demand for High Performance Polyethylene Products
4.2 Restraints
4.2.1 Fluctuating Raw Material Prices
4.2.2 Strict Regulations Regarding the Use of Polyethylene
4.3 Industry Value Chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products
4.4.5 Degree of Competition
5. MARKET SEGMENTATION (Market Size in Volume)
5.1 Product
5.1.1 CPE 135A
5.1.2 CPE 135B
5.1.3 Other Products
5.2 Application
5.2.1 Impact Modifier
5.2.2 Wire and Cable Jacketing
5.2.3 Hose and Tubing
5.2.4 Adhesives
5.2.5 Infrared Absorption
5.2.6 Other Applications
5.3 Geography
5.3.1 Asia-Pacific
5.3.1.1 China
5.3.1.2 India
5.3.1.3 Japan
5.3.1.4 South Korea
5.3.1.5 Rest of Asia-Pacific
5.3.2 North America
5.3.2.1 United States
5.3.2.2 Canada
5.3.2.3 Mexico
5.3.3 Europe
5.3.3.1 Germany
5.3.3.2 United Kingdom
5.3.3.3 France
5.3.3.4 Italy
5.3.3.5 Rest of Europe
5.3.4 South America
5.3.4.1 Brazil
5.3.4.2 Argentina
5.3.4.3 Rest of South America
5.3.5 Middle-East and Africa
5.3.5.1 Saudi Arabia
5.3.5.2 South Africa
5.3.5.3 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share/Ranking Analysis**
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 Dow
6.4.2 Dycon Chemicals
6.4.3 Hangzhou Keli Chemical Co., Ltd.
6.4.4 Jiangsu Tianteng Chemical Industry Co., Ltd.
6.4.5 Aurora Plastics LLC
6.4.6 Shandong Gaoxin Chemical Co., Ltd.
6.4.7 Shandong Novista Chemicals Co.,Ltd (Novista Group)
6.4.8 Shandong Xiangsheng New Materials Technology Co.,Ltd.
6.4.9 Shandong Xuye New Materials Co., Ltd.
6.4.10 Resonac Holdings Corporation
6.4.11 Sundow Polymers Co., Ltd.
6.4.12 Weifang Yaxing Chemical Co., Ltd.
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Research and Development Pretaining to the Development of Advanced Grades
Chlorinated Polyethylene Industry Segmentation
Chlorinated polyethylene (CPE) is a variation of polyethylene and has a chlorine content of 34% to 44%. CPE elastomers and resins have resistance to oil and chemicals and possess improved thermal properties. They can also exhibit better compression sets, flame retardancy, tensile strength, and abrasion resistance. CPE polymers are used in various end-use applications such as wire and cable jacketing, roofing, automotive and industrial hose, tubing, molding, and extrusion, as well as as a base polymer.
The chlorinated polyethylene market is segmented by product (CPE 135A, CPE 135B, and other products (ACS resin), application (impact modifiers, wire and cable jacketing, hose and tubing, adhesives, infrared absorption, and other applications (molding and extrusion), and geography (Asia-Pacific, North America, Europe, South America, and the Middle East and Africa). The report also covers the market size and forecasts for chlorinated polyethylene in 15 countries across major regions.
For each segment, market sizing and forecasts have been done on the basis of volume (tons).
| Product | |
| CPE 135A | |
| CPE 135B | |
| Other Products |
| Application | |
| Impact Modifier | |
| Wire and Cable Jacketing | |
| Hose and Tubing | |
| Adhesives | |
| Infrared Absorption | |
| Other Applications |
| Geography | |||||||
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Chlorinated Polyethylene Market Research FAQs
How big is the Chlorinated Polyethylene Market?
The Chlorinated Polyethylene Market size is expected to reach 577.28 kilotons in 2024 and grow at a CAGR of greater than 7% to reach 815.35 kilotons by 2029.
What is the current Chlorinated Polyethylene Market size?
In 2024, the Chlorinated Polyethylene Market size is expected to reach 577.28 kilotons.
Who are the key players in Chlorinated Polyethylene Market?
SHOWA DENKO K.K., Hangzhou Keli Chemical Co., Ltd, Shandong Novista Chemical Ltd., Dow and Sundow Polymers Co., Ltd. are the major companies operating in the Chlorinated Polyethylene Market.
Which is the fastest growing region in Chlorinated Polyethylene Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Chlorinated Polyethylene Market?
In 2024, the Asia Pacific accounts for the largest market share in Chlorinated Polyethylene Market.
What years does this Chlorinated Polyethylene Market cover, and what was the market size in 2023?
In 2023, the Chlorinated Polyethylene Market size was estimated at 536.87 kilotons. The report covers the Chlorinated Polyethylene Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Chlorinated Polyethylene Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Chlorinated Polyethylene Industry Report
Statistics for the 2024 Chlorinated Polyethylene market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Chlorinated Polyethylene analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
