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Chlorinated Polyethylene Market worth 620.2 Million USD by 2021
The report "Chlorinated Polyethylene Market by Application (Impact Modifier, Wire and Cable Jacketing, Hose & Tubing, IR ABS, Adhesives, Magnetics, Others), Grade (CPE 135A, CPE 135B, Others), and Region - Global Forecasts to 2021", The global chlorinated polyethylene market is projected to reach USD 620.2 Million by 2021, at a CAGR of 8.0% between 2016 and 2021. The market growth is mainly attributed to the rising awareness regarding the superior properties of chlorinated polyethylene and emerging economies that offer several untapped and unexplored growth opportunities.
Browse 78 market data Tables and 42 Figures spread through 138 Pages and in-depth TOC on "Chlorinated Polyethylene Market by Application (Impact Modifier, Wire and Cable Jacketing, Hose & Tubing, IR ABS, Adhesives, Magnetics, Others), Grade (CPE 135A, CPE 135B, Others), and Region - Global Forecasts to 2021"
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CPE 135A: Most widely consumed grade of chlorinated polyethylene
CPE 135A is primarily used for impact modification processes to improve impact strength and weatherability of finished products. Various end-use industries that require impact modification processes for their finished products have been driving the demand for CPE 135A over the past few years. The CPE 135A segment is expected to continue its dominance in the global chlorinated polyethylene market during the forecast period.
The impact modifier application accounted for the maximum share
The impact modifier application segment accounted for the maximum market share, owing to the increasing demand of impact modifiers in PVC (polyvinyl chloride), window profiles, doors, fences, and sidings, among others. Due to excellent physical and mechanical properties of chlorinated polyethylene, such as resistance to oils, temperature, chemicals, and weathering, the chlorinated polyethylene elastomers can exhibit superior compression set resistance, flame retardancy, tensile strength, and abrasion resistance.
The Asia-Pacific region led the global chlorinated polyethylene market
The Asia-Pacific region led the global chlorinated polyethylene market due to the increasing demand for chlorinated polyethylene from various end-use industries, such as building & construction, wires & cables, and automobiles, among others. Growth in the Asia-Pacific chlorinated polyethylene market can also be attributed to the fact that China is the world leader in the production as well consumption of chlorinated polyethylene, followed by India.
This research report categorizes the chlorinated polyethylene market on the basis of grade, application, and region, and forecast revenues as well as analyzes trends in each of these submarkets. An in-depth market share analysis of top companies is also included in the report. These numbers were arrived at based on key facts, annual financial information from SEC filings, annual reports, and interviews with industry experts, key opinion leaders, such as CEOs, directors, and marketing executives. Major players operating in the global chlorinated polyethylene market include The Dow Chemical Company (Michigan, U.S.), Weifang Yaxing Chemical Co., Ltd. (Weifang, China), Novista Group Co., Ltd. (Weifang, China), Showa Denko K.K. (Tokyo, Japan), S&E Specialty Polymers (Lunenburg, U.S.), Shandong Xuye New Materials Co., Ltd. (Dongying City, China), and Shandong Xiansheng Plastic Industry Co., Ltd. (Qingdao, China), among others.
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