6th April 2020 – The
global chlorinated polyethylene market size was estimated at USD 431.6
million in 2016 and is anticipated to reach USD 890.3 million by 2025.
The global market for chlorinated polyethylene is expected to witness an
exponential growth over the forecast period due to its broad spectrum
of application and advancement of technology. Chlorinated polyethylene
resins and thermoplastic polymers elastomers are having physical and
chemical properties improved. Thereof are used as the thermoplastic
elastomer, for modifying various resins such as Polyethyelene (PE),
acrylonitrile butadiene styrene (ABS), and polyvinyl chloride (PVC).
Chlorinated polyethylene resins provide resistance against abrasion,
weather, oil, heat, fire, and chemicals.
Other (PE-C) properties include excellent
mechanical and physical properties, high charge acceptance, tensile
strength and low-temperature performance. Applications of resins and
chlorinated polyethylene elastomers include geo-membranes, as an impact
modifier and a flexible sheet, roofing membranes, molded shapes,
automotive extrusions and cable sheaths and as polymer based. The
growing demand for resins and elastomers chlorinated polyethylene impact
change request should drive market growth. Impact modification is the
largest application of the PE-C in terms of consumption. It is widely
used for modifying the impact of PVC fence, terrace, window profiles,
pipes and vinyl siding.
CPEs are added to PVC formulations, PE,
and PP plastic products to improve weather resistance, the welding
strength, low-temperature performance, and impact resistance. In
addition, the growing demand for the flexible sheet in electrical son
and cables, roofing applications and rubber products for seals and shoe
soles. Flexible sheets of industry experienced strong growth in the
Asia-Pacific region due to the construction as well as electrical
industries. These segments are driven by changing lifestyles and
increasing disposable income. Further, increasing demand auto and
industrial hose pipes are expected to fuel market growth resins and
chlorinated polyethylene elastomers.
Due to its properties such as temperature
resistance, oil resistance, chemical resistance, and ozone resistance;
the CPE has become the ideal choice for applications such as oil pipes,
tubes power steering fluid, cooling fluid distribution tubes. It can
also be used for ventilation tubes and vacuum in the automobile. The
automotive industry is driven by global demand for various types of
automobiles for various applications. Industrial hoses are used for
chemical delivery and oil delivery in different mechanisms of
manufacturing plants.
However, rising crude oil prices and
therefore, the volatility of commodity prices should curb the growth of
the market for resins and elastomers chlorinated polyethylene.
Polyethylene is made from crude oil derivatives and is subject to
availability and price changes. In addition, the high cost of treatment
for developing application-specific elastomer or resin should hinder
market growth. Development of new applications in the pharmaceutical and
health care should offer opportunities for market players. Due to the
non-hazardous nature of the resins and chlorinated polyethylene
elastomers, it can be used for the manufacture of pharmaceutical
factories and the health industry.
Asia-Pacific was the largest market for
resins and elastomers chlorinated polyethylene in terms of consumption.
China accounts for the largest share of the global market in terms of
production and consumption. Most CPE in China is used to impact modifier
and implementation pipes. Demand from Europe and the rest of the world
is expected to grow at a moderate pace. Asia Pacific was followed by
North America, where the United States was the largest consumer. The
global market of elastomers and Chlorinated polyethylene resins are
highly concentrated with a few players dominating the market. Most
players have their manufacturing plant in China and the Chinese vendors’
threat is moderate because of the high cost of treatment.
The main chlorinated polyethylene resins
and elastomers market players include Cevo Industry Ltd., Shandong Sanyi
Industrial Co. Ltd., WeifangPolygr and Chemical Co. Ltd, Sanyi
Chemical, Novista, DuPont, Lianda Corporation, Sundow Polymers Co. Ltd.,
and Dow Chemical Company.
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