Chlorinated polyethylene (CPE), a thermoplastic, is produced by chlorination of polyethylene. It has excellent resistance properties to oil, UV, heat, temperature, chemicals, and weather. It is anti-combustible and difficult to ignite. Chlorinated polyethylene is a flexible and high-strength polymer. The polymer has good stability and is easy to mold. The chlorine content of the polymer differs between 35 to 75% depending on its application. The polymer is manufactured in different grades depending on its chlorine content, viscosity, and other properties. It can be blended with other polymers such as polyolefin, PVC, and EVA for better performance. Chlorinated polyethylene is primarily employed to blend with PVC for manufacturing several products. Chlorinated polyethylene (CPE), elastomers, and resins are widely used in numerous industries. Chlorinated polyethylene polymers are famous as impact modifiers.
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Market Overview of the Industry:
The Global Chlorinated Polyethylene Market size is estimated to be USD 537.9 million in 2019 and is predicted to reach USD 1,179.7 million by 2030 with a CAGR of 7.4% from 2020-2030. Chlorinated Polyethylene (CPE) is the polythene having the chlorine content from approximately 34 to 44%. It is used in blends with polyvinyl chloride (PVC) because the soft, rubbery of CPE is embedded in the PVC matrix, thereby increasing the impact resistance. It is highly versatile in nature, which offers rigid to flexible thermoplastics. Moreover, it provides different characteristics such as low-temperature performance, high tensile strength, flame retardancy, filler acceptance, and others, which makes it useful in various applications such as impact modifier, adhesives, magnetics, and others.
Market Dynamics and Trends of Chlorinated Polyethylene:-
· The market is anticipated to benefit from the rising production of chlorine driven by growth of consumer industries. Moreover, increasing adoption of the product by the consumers across the globe is anticipated to boost the market during the forecast period. Furthermore, it is extensively used for impact modification of PVC for deck, fence, window profiles, and vinyl siding. Introduction of new applications coupled with the technological advancements in pharmaceutical and healthcare sector can offer a growth opportunity during forecast period. However, the industry growth is anticipated to be hampering by the production overcapacity of the product in China.
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· The global chlorinated polyethylene market is projected to grow from USD 395.4 Million in 2015 to USD 620.2 Million by 2021, at a CAGR of 8.0% between 2016 and 2021. Rising demand of chlorinated polyethylene for the impact modifier application is propelling the growth of the market. Countries such as China, the U.S., Japan, and other Western European countries are utilizing chlorinated polyethylene as impact modifiers, processing modifiers, and elastomers. Moreover, the growing demand for chlorinated polyethylene from various end-use industries, such as building & construction, wires & cables, and automobiles, among others drives the global market.
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· The industry is characterized by mergers and acquisitions to advance market share and competition edge. Moreover, the existence of a large number of key manufacturers primarily headquartered in China and Asia Pacific is projected to bode well for growth of the industry.
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Additionally, the development of advanced grades of chlorinated polyethylene by the manufacturers is expected to translate into increased product adoption.
Conclusion:
The project report by NPCS provides an in-depth analysis of the chlorinated polyethylene market with current and future trends to elucidate the imminent investment pockets in the market. Current and future chlorinated polyethylene market trends are outlined to determine the overall attractiveness and to single out profitable trends to gain a stronger foothold. The chlorinated polyethylene market report provides information regarding key drivers, restraints and opportunities with impact analysis. It also gives you information about some of the important areas such as the government. Regulation, knowing your targeted market, project cost, product characteristics, and to help you in getting all the required information.
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