The latest report by IMARC Group, titled “Chlorinated Polyethylene Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” offers a comprehensive analysis of the industry, which comprises insights on the global chlorinated polyethylene market research. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global chlorinated polyethylene market size reached US$ 624.3 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 921.3 Million by 2028, exhibiting a growth rate (CAGR) of 6.8% during 2023-2028.
Chlorinated Polyethylene Market Overview:
Chlorinated Polyethylene (CPE) is a material obtained by the chlorination of high-density polyethylene. It possesses remarkable properties such as resistance to weathering, chemicals, and oil, flexibility, and high thermal stability. The process of chlorinating polyethylene results in a material with enhanced toughness and greater resistance to environmental conditions.
These attributes make Chlorinated Polyethylene highly applicable in various sectors, including the automotive industry, building and construction, hose and tubing, and wire and cable insulation. Its unique characteristics have allowed CPE to become a material of choice for multiple applications, offering an alternative to more traditional materials.
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Global Chlorinated Polyethylene Market Trends:
The global market is primarily driven by the increasing need for materials that are resistant to weathering, chemicals, and oil in various industries. In line with this, the growing utilization in sectors such as automotive and construction is also providing an impetus to the market. Moreover, the advancements in the formulation process, allowing for higher flexibility and thermal stability, are acting as significant growth-inducing factors for the market.
Besides this, the adaptability of Chlorinated Polyethylene to diverse applications is creating lucrative opportunities in the market. Also, the presence of stringent quality standards requiring resistant materials is impacting the market positively. The market is further driven by the continuous development of new formulations to cater to specific industry needs, supportive governmental policies, and collaboration among manufacturers.
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Competitive Landscape with Key Players:
The competitive landscape of the industry has also been examined along with the profiles of the key players being:
- Aurora Plastics LLC
- Hangzhou Keli Chemical Co. Ltd
- Jiangsu Tianteng Chemical Industry Co. Ltd.
- Lianda Corporation
- Shandong Novista Chemicals Co. Ltd
- Shandong Gaoxin Chemical Co. Ltd
- Shandong Xiangsheng New Materials Technology Co. Ltd
- Shandong Xuye New Materials Co. Ltd.
- Showa Denko K.K
- Sundow Polymers Co. Ltd.
- Weifang Yaxing Chemical Co. Ltd.
Global Chlorinated Polyethylene Market 2023-2028 Analysis and Segmentation:
Breakup by Grade Type:
- CPE 135A
- CPE 135B
- Others
Breakup by Application:
- Hose and Tubing
- Window and Door Profiles
- Fence
- Molded and Extruded Goods
- Rainwater Goods
- Foams
- Others
Breakup by End Use Industry:
- Automotive
- Wire and Cables
- Building and Construction
- Coating and Adhesives
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, and others)
Key Highlights of the Report:
- Market Performance
- Market Outlook
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic, and technological developments for business leaders in pharmaceutical, industrial, and high-technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology, and novel processing methods are at the top of the company’s expertise.
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