Chlorinated Polyethylene Market Outlook
According to the report by Expert Market Research (EMR), the Global Chlorinated Polyethylene Market Size is projected to grow at a CAGR of 8.38% between 2023 and 2028. Aided by the increasing demand for impact-resistant materials and the growing applications of CPE in various industries, the market is expected to grow significantly by 2028.
Chlorinated polyethylene (CPE) is a family of thermoplastic polymers produced by the chlorination of high-density polyethylene (HDPE). Known for its excellent physical and mechanical properties, such as resistance to chemicals, oils, weather, and heat, CPE is used in a multitude of applications, including wire and cable jackets, hoses, roofing membranes, and automotive parts. In addition to its durability, CPE is highly flexible, making it a desirable material for various manufacturing sectors.
The increasing industrial demand for impact-resistant and heat-resistant materials is a major factor driving the global chlorinated polyethylene market growth. With growing awareness of the benefits associated with CPE, such as improved longevity and resistance to harsh conditions, there has been a significant shift towards the use of CPE in numerous industrial applications, leading to a surge in demand for CPE-based products.
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Additionally, the increasing trends in the automotive and construction industries have contributed to the rising popularity of CPE. In the automotive sector, CPE is extensively used in the production of automotive parts due to its outstanding resistance to heat, oil, and weathering. In the construction industry, CPE is utilised as a high-performance roofing membrane due to its excellent durability, flexibility, and weather resistance.
The broadening applications of CPE in different industries also significantly contribute to the chlorinated polyethylene market development. In the wire and cable industry, CPE is used as a jacketing material because of its superior flexibility, flame resistance, and electrical properties. The rubber industry utilises CPE for its resistance to oils, chemicals, and heat, making it an ideal choice for hoses and other rubber products.
Furthermore, the rising demand for high-performance plastics in the industrial sector has led to an increased focus on CPE as a viable material. With the advancement of technologies and the increasing need for materials with superior mechanical and physical properties, CPE has emerged as a popular choice in various manufacturing sectors, thereby boosting the chlorinated polyethylene market expansion.
Chlorinated Polyethylene Market Segmentation
The market can be divided based on product, application, and region.
Market Breakup by Product
- CPE 135A
- CPE 135B
- Others
Market Breakup by Application
- Impact Modifier
- Wire and Cable Jacketing
- Hose and Tubing
- Adhesives
- Magnetics
- IR ABS
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global chlorinated polyethylene companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- Weifang Yaxing Chemical Co. Ltd
- Shandong Novista Chemicals Co.,Ltd (Novista Group)
- Showa Denko K. K.
- Shandong Xuye New Materials Co., Ltd.
- Hangzhou Keli Chemical Co., Ltd.
- Others
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