Chlorinated Polyethylene Market size is forecast to reach $830 million by 2025, after growing at a CAGR of 8.1% during 2020-2025. With the rise in consumption of polyvinyl chloride, polyethylene and others, the Chlorinated Polyethylene market is witnessing an increase in demand. Growing public interest towards household products will further enhance the overall market demand for Chlorinated Polyethylene during the forecast period.
Chlorinated Polyethylene Market Segment Analysis – By Type
CPE 135A grade segment holds the largest share in the Chlorinated Polyethylene market, owing to its increased usage in the impact modification processes. CPE is a non-migratory plasticizer for macromolecule and can improve the product flexibility and aging resistance. It can be used for producing fittings, cables and cords with improved wear and aging resistance and insulation; Moreover, it can be used for producing films and hoses with improved resistance to low temperature and various weather conditions. CPE resin must be stored in a dry and ventilated warehouse with a stack height not exceeding 10 bags. Solarization and damp environments should be avoided and strict precautions should be taken again stress. CPE is not considered a dangerous cargo.
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Chlorinated Polyethylene Market Segment Analysis – By Application
Impact Modifier sector has been the primary market for Chlorinated Polyethylene. Improving the impact strength of compounds is the role of an important group of additives. Impact modifiers compensate for inherent brittleness, or embrittlement occurring at sub-zero temperatures, notch-sensitivity and crack propagation. The mechanism normally involves introducing a component that is elastomeric or rubbery in nature, which can absorb the energy of an impact or dissipate it. Impact modifiers are added to compounded materials to improve durability and toughness of plastic resins. In addition to the impact performance, a number of other characteristics of the material such as optical and tensile properties, weatherability, processability, flammability, heat distortion and cost can also be improved by adding impact modifiers. One of the major applications of impact modifiers are PVC resins: MBS (Methyl Butadiene Styrene) and Acrylics impact modifiers enhance the impact resistance of the PVC products without impairing other properties.
Chlorinated Polyethylene Market Segment Analysis – By Geography
APAC dominated the Chlorinated Polyethylene market with a share of more than xx%, followed by North America and Europe. Chlorinated polyethylene (CPE) is a material obtained through the substitution of hydrogen atoms with chlorine atoms in high-density polyethylene (HDPE). CPE exists as a white powder. It is non-toxic and tasteless. The high-temperature thermal aging resistance of CPE fabricated from low-pressure polyethylene HDPE is superior to that of CPE fabricated from high-pressure polyethylene. CPE is commonly produced in the density range of 0.93–0.96 g/cm3 with an average molecular weight of 5–25 million and the melt index of 0.01–2.0 g/10 min. The degree of chlorination has a significant effect on the properties of CPE. For example, CPE is plastic when its chlorine content is less than 15%, a thermoplastic elastomer when its chlorine content is 16%–24%, and a rubber-like elastomer when its chlorine content is 25%–48%.
Chlorinated Polyethylene Market Drivers
Growing demand PVC pipes
Chlorinated polyethylene (CPE) is a material obtained through the substitution of hydrogen atoms with chlorine atoms in high-density polyethylene (HDPE). CPE exists as a white powder. It is non-toxic and tasteless. CPE can be divided into two categories: resin-type CPE and elastomer-type CPE. CPE can be used alone or mixed with PVC, polyethylene, polypropylene, polystyrene, ABS, and even polyurethane. CPE can be used as a high-performance, high-quality rubber and can be applied with ethylene propylene rubber, butyl rubber, nitrile rubber, chlorosulfonated polyethylene.
Growing demand for cable & wire jackets
A jacket is the outermost layer of a cable whose primary function is to protect the insulation and conductor core from external physical forces and chemical deterioration. In a sense, the cable jacket is the first line of mechanical defense for a cable by protecting its inner components. Cable jackets offer mechanical, moisture, flame and chemical protection while also protecting the cable from damage during or after installation. It is important to note that the cable jacket has little to do with the electrical performance of the cable. So, owing to the increasing demand the Chlorinated polyethylene market is expected grow.
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Chlorinated Polyethylene Market Challenges
Impact of COVID 19
The rapid spread of coronavirus has had a major impact on global markets as, major economies of the world are completely lockdown due to this pandemic. Because of this major lockdown, suddenly all the consumer market has started to show zero interest towards purchasing any goods. One of the major difficulties, market is facing are the shutdown of all kinds of transportation. Global crisis for all sectors including shipping, which was hit by slowing demand in goods’ production and exports had slowdown the market for Chlorinated polyethylene.
Chlorinated Polyethylene Market Landscape
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Chlorinated Polyethylene market. Major players in the Chlorinated Polyethylene Market are The DOW Chemical Company, Jiangsu Tianteng Chemical Industry Co., Ltd., Novista Group Co., Ltd., Hangzhou Keli Chemical Co., Ltd., Weifang Daqian Chemicals Co., Ltd., among others.
In September 2017, DowDuPont™ has completed the merger of equals between The Dow Chemical Company (“Dow”) and E.I. du Pont de Nemours & Company (“DuPont”), effective Aug. 31, 2017. The combined entity is operating as a holding company under the name “DowDuPont™” with three divisions – Agriculture, Materials Science and Specialty Products.
Asia-Pacific dominates the Chlorinated Polyethylene market owing to increasing demand from applications such as wire & cables jacketing, adhesives and others.
The growing popularity for PVC pipes in residential and commercial areas, is likely to aid in the market growth of Chlorinated Polyethylene.
COVID 19 pandemic will create hurdles for the Chlorinated Polyethylene market.
Related Reports :
A. Chlorine Market
B. High-Density Polyethylene Market
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