Market Definition

The Chlorinated Polyethylene Market size was valued at USD 0.69 billion in 2021 and is predicted to reach USD 1.22 billion by 2030 with a CAGR of 7.8% from 2022-2030.

Chlorinated polyethylene (CPE) is a variation of polyethylene from the family of thermoplastics that are obtained from the chlorination of high-density polyethylene (HDPE) by substituting hydrogen atoms for chlorine atoms, which has an approximate chlorine content of 34% to 44%. It exists in the form of white powder and is tasteless besides nontoxic as well as possesses remarkable properties such as lightweight, ozone resistance, chemical resistance, and oil resistance. CPE has better durability, higher whiteness, and is ideal for a wide range of applications in plastics and rubbers. It is recovered in a way to ensure cleanliness and is eco-friendly. In addition, chlorinated polyethylene is used in various industrial applications such as molding, automotive, industrial hose, tubing, and others. It has high tensile strength, filler acceptance, and flame retardancy. CPE is also used in electrical wires to safeguard buildings as well as towers from electrical hazards.

Market Dynamics and Trends

The demand for chlorinated polyethylene is increasing owing to its wide range of applications in industries such as wire & cable jacketing, hose & tubing, PVC manufacturing, and cable & rubber. Also, chlorinated polyethylene is used as a substitute for conventional materials such as wood and steel with plastics for the construction of doors and windows, which is further driving the growth of the market. Moreover, growing demand for chlorinated polyethylene in the automotive and construction industry such as rainwater goods, underground drainage, and others coupled with the rising application scope from healthcare and pharmaceutical boosts market growth.

However, volatility in costs of raw materials such as HDPE and the emissions due to combustion results in severe environmental hazards. These factors are expected to restrain the growth of the market during the forecast period. On the contrary, the availability of various grades in CPE polymers based on their chlorine level, viscosity, and other characteristics such as Weipren that control heat, oil, and weather resistance to improve their performance are expected to create lucrative growth opportunities for the chlorinated polyethylene market players in the future.

Market Segmentations and Scope of the Study

The Chlorinated Polyethylene market has been segmented based on grade, application, and geography. On the basis of grade, the market is divided into CPE 135A, CPE 135B, and others. On the basis of application, the market is classified into impact modifier, wire & cable jacketing, hose & tubing, adhesives, magnetics, ignition resistant acrylonitrile butadiene styrene (IR ABS). The geography breakdown and analysis of each of the aforesaid segments includes regions comprising of North America, Europe, Asia-Pacific, and ROW.

Geographical Analysis

Asia-Pacific region holds the lion share of chlorinated polyethylene market at present and is expected to continue dominating the market during the forecast period. This is attributed to factors such as rising demand for the construction industry cause CPE is used as an impact modifier to enhance the overall health of a building by increasing durability of molded or extruded plastics in emerging countries such as China and India. Also, huge demand for PVC items such as sheets, pipes, foaming, and fence is expected to drive the growth of the market in this region. According to Globe Trade Magazine, China was leading exporter of PVC coverings across the globe with 75%-share of the total volume in 2020.  In terms of value, the export of PVC floor, wall, and ceiling coverings was expanded to USD 5.7 billion.

On the other hand, North America is expected to witness a steady rise in the chlorinated polyethylene market, owing to increase in industrial production of magnetic rubber and hoses products such as water hoses, hydraulic hoses, and chemical fume extraction hoses, as use of CPE in manufacturing of these products provides resistance to oils, chemicals, and flame to improve thermal properties. Also, rapid rise in cosmetic products such as skin cleansers and whitening creams due to the booming cosmetic industry as CPE is used for the preparation of creams and lotions, especially suitable for wet wipes, which in turn propel the market growth in this region. For instance, according to the Observatory of Economic Complexity (OEC), United States exported USD 5.18 billion of beauty products making it the 3rd largest exporter of beauty products in the world in 2020.

Competitive Landscape

The market comprises various players such as Weifang Yaxing Chemical Co., Ltd., Novista Chemicals, SHOWA DENKO K.K., S&E Specialty, Shandong Xuye New Materials Co. Ltd., Shandong Xiangsheng New Materials Technology Co. Ltd., Shandong Gaoxin chemical Co., Ltd., Hangzhou Keli Chemical Co., and Sundow Polymers Co. Ltd. These manufacturers are actively indulging in business expansion to enhance their product and increase their growth as well as geographical reach. For instance, in February 2021, Sundow Polymers Co. launched its second chlorosulfonated polyethylene (CSM) production line. This new production line uses cutting-edge non-solvent technology that is both environment friendly and pollution-free to increase the sales and demand for CPE products.

Key Benefits:

• The chlorinated polyethylene market report provides the quantitative analysis of the current market and estimations through 2022-2030 that assists in identifying the prevailing market opportunities to capitalize on.

• The study comprises a deep dive analysis of the chlorinated polyethylene market trend including the current and future trends for depicting the prevalent investment pockets in the market.

• The information related to key drivers, restraints and opportunities and their impact on the chlorinated polyethylene market is provided in the report.

• The competitive analysis of the market players along with their market share in the chlorinated polyethylene market.

• The SWOT analysis and Porters Five Forces model is elaborated in the study.

• Value chain analysis in the market study provides a clear picture of the stakeholders’ roles.

Key Market Segments

By Grade

• CPE 135A

• CPE 135B

• Others

By Application

• Impact Modifier

• Wire & Cable Jacketing

• Hose & Tubing

• Adhesives

• Magnetics

• Ignition Resistant Acrylonitrile Butadiene Styrene (IR ABS)

By Geography

• North America

  • U.S

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

  • Italy

  • Spain

  • Rest of Europe

• Asia-Pacific

  • China

  • India

  • Japan

  • South Korea

  • Australia

  • Rest of Asia-Pacific

• RoW

  • UAE

  • Saudi Arabia

  • South Africa

  • Brazil

  • Remaining countries

Key Players

• Weifang Yaxing Chemical Co., Ltd.

• Novista Chemicals

• SHOWA DENKO K.K.

• S&E Specialty

• Shandong Xuye New Materials Co., Ltd.

• Shandong Xiangsheng New Materials Technology Co., Ltd.

• shandongGaoxin chemical Co., Ltd.

• Hangzhou Keli Chemical Co.

• Sundow Polymers Co., Ltd.

REPORT SCOPE AND SEGMENTATION:

Parameters	Details
Analysis Period	2021–2030
Base Year Considered	2021
Forecast Period	2022–2030
Market Size Estimation	Billion (USD)
Market Segmentation	By Grade (CPE 135A, CPE 135B, and Others), and by Application (Impact Modifier, Wire & Cable Jacketing, Hose & Tubing, Adhesives, Magnetics, and Ignition Resistant Acrylonitrile Butadiene Styrene)
Geographical Segmentation	North America (U.S., Canada, Mexico) Europe (UK, Germany, France, Italy, Spain, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of Asia-Pacific), Rest of the World (UAE, Saudi Arabia, South Africa, Brazil, Remaining countries)
Companies Profiled	Weifang Yaxing Chemical Co., Ltd., Novista Chemicals, SHOWA DENKO K.K., S&E Specialty, Shandong Xuye New Materials Co. Ltd., Shandong Xiangsheng New Materials Technology Co. Ltd., Shandong Gaoxin chemical Co., Ltd., Hangzhou Keli Chemical Co., and Sundow Polymers Co. Ltd.