Chlorinated Polyethylene Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The market is segmented by Product (CPE 135A, CPE 135B, and Others), Application (Impact Modifier, Wire and Cable Jacketing, Hose and Tubing, Adhesives, Infrared Absorption, and Others) and Geography (Asia-Pacific, North America, Europe, South America and Middle East and Africa)

Market Snapshot

Market Summary- Chlorinated Polyethylene Market
Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: Asia Pacific
CAGR: >7.9 %

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Market Overview

The market for chlorinated polyethylene is expected to grow at a CAGR of more than 7.9% globally during the forecast period. Chlorinated polyethylene (CPE) is a material produced through the substitution of hydrogen atoms with chlorine atoms in high-density polyethylene (HDPE). CPE grades usually contain 25-45 % by weight chlorine which provides excellent resistance to ozone, UV, weathering, and many chemicals. The growing demand for high-performance polyethylene products for industrial applications has been driving the market growth. However, the fluctuating raw material prices and the outbreak of coronavirus across the globe are likely to hinder the growth of the studied market.

  • The research and development pertaining to the development of advanced grades are likely to provide opportunities for the chlorinated polyethylene market over the next five years.
  • Impact modifier application is expected to dominate the market studied over the forecast period.
  • Asia Pacific region dominated across the world with increasing consumption from countries like China and India.

Scope of the Report

The chlorinated polyethylene market report include:

Product
CPE 135A
CPE 135B
Others
Application
Impact Modifier
Wire and Cable Jacketing
Hose and Tubing
Adhesives
Infrared Absorption
Others
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa

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Key Market Trends

Impact Modifier to Dominate the Market

  • Impact modifier stands to be the dominating segment owing to increasing construction and reconstruction activities, coupled with 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.
  • 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. Fast increment in the use of plastic packaging in different end-use enterprises is expected to drive the demand for impact modifier.
  • All the aforementioned factors are expected to drive the chlorinated polyethylene market during the forecast period.
Chlorinated Polyethylene Market Revenue Share

Asia-Pacific Region to Dominate the Market

  • Asia Pacific market is expected to be the largest and fastest-growing market over the forecast period owing to robust demand from construction and transportation industries, particularly in emerging countries such as India and China.
  • For polyethylene, polypropylene, and polyvinyl composites, chlorinated polyethylene imparts superior properties such as impact resistance, welding strength, and weather resistance.
  • In the Asia-Pacific region, China's industry profits from a strong manufacturing base. Furthermore, the economy also realized high output rates for the raw materials resulting in a major decrease in the cost of production and the existence of minimal regulations relating to the use allows the market to increase.
  • According to research, the building and construction industry in the Asia Pacific region is expected to cross USD 3000 billion over the forecast period. Thus, propelling the demand for chlorinated polyethylene in the market.
  • Hence, all such market trends are expected to drive the demand for chlorinated polyethylene market in the region during the forecast period.
Chlorinated Polyethylene Market Regional Trends

Competitive Landscape

The global chlorinated polyethylene market is fragmented in nature owing to the presence of numerous players in the market with no significant market share. Some of the major companies are SHOWA DENKO K.K., Hangzhou Keli Chemical Co., Ltd, Shandong Novista Chemical Ltd., Dow, Sundow Polymers Co., Ltd. amongst others.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Growing Demand for High Performance Polyethylene Products

      2. 4.1.2 Other Drivers

    2. 4.2 Restraints

      1. 4.2.1 Fluctuauting Raw Material Prices

      2. 4.2.2 Unfavorable Conditions Arising Due to COVID-19 Outbreak

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Product

      1. 5.1.1 CPE 135A

      2. 5.1.2 CPE 135B

      3. 5.1.3 Others

    2. 5.2 Application

      1. 5.2.1 Impact Modifier

      2. 5.2.2 Wire and Cable Jacketing

      3. 5.2.3 Hose and Tubing

      4. 5.2.4 Adhesives

      5. 5.2.5 Infrared Absorption

      6. 5.2.6 Others

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 United Kingdom

        3. 5.3.3.3 France

        4. 5.3.3.4 Italy

        5. 5.3.3.5 Rest of Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle-East and Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share/Ranking Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Dow

      2. 6.4.2 Dycon Chemicals

      3. 6.4.3 Hangzhou Keli Chemical Co., Ltd

      4. 6.4.4 Jiangsu Tianteng Chemical Industry Co., Ltd.

      5. 6.4.5 S&E Specialty Polymers (Aurora Plastics LLC)

      6. 6.4.6 Shandong Gaoxin Chemical Co., Ltd.

      7. 6.4.7 Shandong Novista Chemical Ltd.

      8. 6.4.8 Shandong Xiansheng Plastic Industry Co., Ltd.

      9. 6.4.9 Shandong Xuye New Materials Co., Ltd.

      10. 6.4.10 SHOWA DENKO K.K.

      11. 6.4.11 Sundow Polymers Co., Ltd.

      12. 6.4.12 Weifang Yaxing Chemical Co., Ltd.

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Research and Development Pretaining to the Development of Advanced Grades

    2. 7.2 Other Opportunities

**Subject to Availability

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Frequently Asked Questions

The Chlorinated Polyethylene Market market is studied from 2016 - 2026.

The Chlorinated Polyethylene Market is growing at a CAGR of >7.9% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2020.

SHOWA DENKO K.K., Hangzhou Keli Chemical Co., Ltd, Shandong Novista Chemical Ltd., Dow, Sundow Polymers Co., Ltd. are the major companies operating in Chlorinated Polyethylene Market.

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