The
global chlorinated polyethylene market size is expected
to reach USD 890.3 million by 2025, according to a new report by Grand View
Research, Inc. The market is expected to exhibit significant growth owing to
increasing demand for chlorinated polyethylene elastomers (CPE) due to their
superior heat, temperature and oil resistance. In addition, increasing use of
high performance chlorinated polyethylene in chemical industry owing to their
non-corrosive properties, is expected to drive growth over the forecast period.
Chlorinated
Polyethylene (CPE 135B) is expected to grow at a significant rate owing to
increasing use of the product in rigid plastic applications such as PVC plastic
profile, pipe fittings, waterproofing membranes and cable sheathing. Increasing
use of CPE 135B as modifier and stabilizer of specials synthetic rubber owing
to easy mixing with natural rubber is expected to drive the market growth over
the forecast period.
Increasing
use of the product as impact modifier, anti-dripping agent and secondary flame
retardant in Ignition resistant acrylonitrile butadiene rubber (IR ABS) owing
to its higher thermal stability and heat resistance is expected to drive growth
over the forecast period.
The
global chlorinated polyethylene market is highly fragmented, with a majority of
production in China due to the presence of a large number of small scale
manufacturers in the country providing the product at extremely low prices.
China
chlorinated polyethylene market revenue by product, 2014 - 2025 (USD
Million)
Browse full research report on Chlorinated
Polyethylene Market: http://www.grandviewresearch.com/industry-analysis/chlorinated-polyethylene-pe-c-market
Further
Key Findings From the Study Suggest:
- The impact modifier application segment is
expected to register CAGR of over 7.8% from 2017 to 2025. The segment is
likely to register high growth owing to increasing use for impact
reduction in automobiles, window profiles, and door profiles
- Demand for other chlorinated polyethylene
grades is expected to reach a market value of more than USD 324.4 million
by 2025. Heightened product demand due to growing consumption by the
automotive and industrial sector is expected to drive the market growth
over the forecast period
- The industry in Europe is expected to grow at a
CAGR of more than 6.0% by volume from 2017 to 2025 driven by increasing
use of the product for impact modifier applications. The region accounts
for the consumption of high grade products due to presence of stringent
regulations for product use
- The industry in China accounts for the highest
production volume due to the presence of a large number of manufacturers
coupled with low manufacturing costs. The economy accounts for the
consumption of high product volume due to presence of a wide manufacturing
base
- Major players resort to capacity additions and
production of advanced CPE grades in order to drive the revenue growth.
High production volume realized by the Chinese manufacturers is expected
to result in over-production leading to decline in the product demand
Access
Press Release By Grand View Research: http://www.grandviewresearch.com/press-release/global-chlorinated-polyethylene-pe-c-market
About
Grand View Research, Inc:
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, the company offers market intelligence
studies ensuring relevant and fact-based research across a range of industries
including technology, chemicals, materials, healthcare and energy.
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