The global Chlorinated Polyethylene market was valued at USD 425.8 million in 2016 and is projected to reach USD 830.2 million by 2025, growing at a CAGR of 7.7% from 2017 to 2025.
Chlorinated polyethylene is a variant of polyethylene with chlorine content in the range of 34 to 44%. It is used in blends with polyvinyl chloride as it increases the impact resistance. The chlorine group can be cross-linked to obtain solvents used in the rubber industry.
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1. Market Drivers
1.1 Growing demand in impact modifier application
1.2 Rising consumption in developing markets
2. Market Restraints
2.1 Production overcapacity in China
2.2 Raw material price volatility
The global Chlorinated Polyethylenemarketis segmented on the basis ofgrade, application,and region.
1. By Grade:
2. By Application:
2.1 Tubing and Hose
2.2 Wire andCable Jacketing
2.5 IR ABS
2.6 Impact Modifier
3. By Region:
3.1 North America (U.S., Canada, Mexico)
3.2 Europe (Germany, UK, France, Rest of Europe)
3.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
3.4 Latin America (Brazil, Argentina, Rest of Latin America)
3.5 Middle East & Africa
The major players in the market are as follows:
1. Sundow Polymers Co. Ltd.
2. S & E Specialty Polymers
3. Jiangsu Tianteng Chemical Industry Co. Ltd.
4. Showa Denko K.K
5. Shandong Gaoxin Chemical Co. Ltd.
6. WeifangYaxing Chemical Co. Ltd.
7. ShandingXuye New Materials Co. Ltd.
8. WeifangDaqian Chemicals Co. Ltd.
9. ShandingXiansheng Plastic Industry Co. Ltd.
10. Novista Group Co. Ltd.
11. Hangzhou Keli Chemical Co. Ltd.
12. The DOW Chemical Company
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Chlorinated Polyethylenemarketwas performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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