Market Size of Chlorinated Polyethylene Industry
| Study Period | 2018 - 2028 |
| Base Year For Estimation | 2021 |
| CAGR | > 7.90 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Chlorinated Polyethylene Market Analysis
The market for chlorinated polyethylene is expected to grow at a CAGR of more than 7.9% globally during the forecast period. Chlorinated polyethylene (CPE) is a material produced through the substitution of hydrogen atoms with chlorine atoms in high-density polyethylene (HDPE). CPE grades usually contain 25-45 % by weight chlorine which provides excellent resistance to ozone, UV, weathering, and many chemicals. The growing demand for high-performance polyethylene products for industrial applications has been driving the market growth. However, the fluctuating raw material prices and the outbreak of coronavirus across the globe are likely to hinder the growth of the studied market.
- The research and development pertaining to the development of advanced grades are likely to provide opportunities for the chlorinated polyethylene market over the next five years.
- Impact modifier application is expected to dominate the market studied over the forecast period.
- Asia Pacific region dominated across the world with increasing consumption from countries like China and India.
