09-Jan-2023 | Facts and Factors
According to Facts and Factors, the global chlorinated polyethylene market size was worth around USD 645 million in 2021 and is predicted to grow to around USD 1177.45 million by 2030 with a compound annual growth rate (CAGR) of roughly 7.83% between 2022 and 2030.
Chlorinated Polyethylene (CPE) is the low-cost variant of polyethylene produced by replacing hydrogen with chlorine atoms. Due to the various chemical and structural properties of the compounds, it has found wide applications across industrial sectors. Owing to the rubbery and soft texture of CPE, it is used along with polyvinyl chloride PVC that is used to increase the impact of PVC and improve weather resistance. It can also be applied for the softening of PVC foils without having to worry about the migration of plasticizers. CPE shows excellent flame retardant properties and has a unique resistance to combustion drip.
Browse the full “Chlorinated Polyethylene Market Size, Share, Growth Analysis Report By Application (Impact Modifier, Wire & Cable Jacketing, Magnetics, Adhesives, Ignition Resistant Abs, Tubing, and Others), By Type (135A, 135B, and Others), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2030" report at https://www.fnfresearch.com/chlorinated-polyethylene-market
By mixing the inexpensive CPE, various types of high flame retardant materials can be created. The mixture, however, has to be accurately created using chlorinated paraffin, antimony flame retardant, and aluminum hydroxide AI(OH)3. Due to the non-toxicity of CPE, it has gained higher popularity in the chemical market than other compounds. Due to the high filling performance offered by CPE and the non-existence of heavy metals, it completely meets the growing expectation from the chemical industry regarding the environmental impact.
The global chlorinated polyethylene market is projected to grow due to growing investments in wires & cables that are used widely in power systems, information transformation systems, and instrumentation or mechanical equipment. As the world is moving toward rapid industrialization coupled with urbanization, the demand for flame retardant and resistance wires & cables has increased drastically. LS Cable & System, a South-Korean leading manufacturer of cable registered an operational revenue between INR 100 to INR 500 by the end of the fiscal year 2021. The company is spread across countries and continents and is one of the most dominating brand names in the wire & cable segment.
The global market may witness further revenue due to the growing use of CPE in the manufacturing of impact modifiers generally used in consumer goods. Impact modifiers are used to improve the impact strength of rigid parts of an object as per physical property requirements. They are also used as additives to improve flexibility. Impact modifiers are not limited to only certain industries but can be used in construction, packaging, automotive, and other important sectors.
The key aspect that could potentially limit global market growth is the high cost of raw materials and their fluctuating prices. Petroleum, extracted from crude oil, is one of the critical and basic components required to produce CPE. The growing political tension has resulted in the world facing unprecedented challenges in the supply of petroleum in various countries. In 2022, the Russia-Ukraine war has resulted in the prices of oil & gas surging to never-seen-before numbers.
The growing automobile industry could provide growth opportunities whereas disruptions in the supply chain may act as a major challenge during the forecast period.
Segmental Overview
The global chlorinated polyethylene market is segmented based on application, type, and region.
Based on application, the global market divisions are impact modifier, wire & cable jacketing, magnetics, adhesives, ignition resistance abs, tubing, and others. The global market is anticipated to be dominated by the wire & cable jacketing segment during the forecast years due to growing infrastructural development activities. Since they exhibit excellent thermal properties along with resistance to other chemicals and oils, they are widely used for jacketing wires and cables which acts as a fire retardant. Growing applications in automotive tuning may drive the demand in the tubing segment. The cable industry currently is valued at over USD 91 billion.
Based on type, the global market segments are 135A, 135B, and others. In 2021, the global market was dominated by chlorinated polyethylene 135A which is an elastomer with applications related to rigid polyvinyl chloride (RPV). The segmental growth was driven by the growing demand to manufacture vinyl sidings as well as impact modifiers that are used in microwaves, refrigerators, window profiles, and other consumer goods. CPE135A offers superior ductility making it desirable in electrical conduits using specialty polyvinyl chloride. The growing demand for 135A in the rubber industry could further fuel the demand for CPE.
Regional Overview
Asia-Pacific is anticipated to lead the global chlorinated polyethylene market due to the growing rubber industry. In 2021, Thailand was the largest supplier of rubber with a supply range of 4.835 million metric tons. The growing use of CPE in the automobile sector could further influence regional growth. Toyota, a leading Asian automobile brand, generated over USD 245.5 billion in revenue in 2021 by selling more than 10.56 million vehicles even after considering the impact of Covid-19. North America could witness high revenue due to the growing investments in the production of natural rubber. Rubber is currently a popular raw material for manufacturing high-grade footwear. In 2021, Nike, a US sportswear giant, recycled over 688 tons of rubber previously used for the company's operational activities.
Report Scope
Report Attribute |
Details |
Market Size in 2021 |
USD 645 Million |
Projected Market Size in 2030 |
USD 1177.45 Million |
CAGR Growth Rate |
7.83% CAGR |
Base Year |
2021 |
Forecast Years |
2022-2030 |
Key Market Players |
Weifang Yaxing Chemical Co. Ltd., Polycast Industries Inc., Shin-Etsu Chemical Company Ltd., Wacker Chemie AG, Evonik Industries AG, and others. |
Key Segment |
By Application, Type, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa |
Purchase Options |
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Competitive Landscape
The global chlorinated polyethylene market is led by players like Weifang Yaxing Chemical Co., Ltd., Polycast Industries Inc., Shin-Etsu Chemical Company Ltd., Wacker Chemie AG, Evonik Industries AG, and others
Recent Developments:
- In June 2021, Dow Chemicals, a leading chemical corporation, announced the company's plan to build a new Methylene diphenyl diisocyanate distillation plant
- In September 2022, KraussMaffei moved its production of plastics and rubber to a new manufacturing plant in Laatzen, Germany
The global chlorinated polyethylene market is segmented as follows:
By Application
- Impact Modifier
- Wire & Cable Jacketing
- Magnetics, Adhesives
- Ignition Resistant Abs
- Tubing
- Others
By Type
By Region
- North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia Pacific
- The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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