Chlorinated Polyethylene Market To Reach $1.12 Billion By 2030

Chlorinated Polyethylene Market Growth & Trends

The global chlorinated polyethylene market size is estimated to reach USD 1.12 billion by 2030, registering a CAGR of 8.3% from 2024 to 2030, 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.

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Chlorinated Polyethylene Market Report Highlights

• In 2023, the impact modifier application segment held the largest revenue share of 59.9% in 2023. The segment is likely to register high growth owing to increasing use for impact reduction in automobiles, window profiles, and door profiles.

• By product, the CPE 135A segment dominated the global market and accounted for the largest revenue share of 35.7% in 2023.

• The industry in Europe is expected to grow substantially, 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.

Chlorinated Polyethylene Market Segmentation

Grand View Research has segmented the global chlorinated polyethylene market based on product, application, and region:

Chlorinated Polyethylene (CPE)  Product Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• CPE 135A

• CPE 135B

• Others

Chlorinated Polyethylene (CPE)  Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Impact Modifier

• Wire & Cable Jacketing

• Hose & Tubing

• Adhesives

• Magnetics

• IR ABS

• Others

Chlorinated Polyethylene (CPE)  Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

  • Italy

  • Spain

  • Russia

  • Denmark

  • Sweden

  • Norway

• Asia Pacific

  • China

  • Japan

  • India

  • Australia

  • South Korea

  • Thailand

  • Indonesia

  • Vietnam

• Latin America

  • Brazil

  • Argentina

• Middle East and Africa (MEA)

  • South Africa

  • Saudi Arabia

  • UAE

  • Kuwait

List of Key Players in the Chlorinated Polyethylene Market

• Dow

• Arkema

• Resonac Holdings Corporation.

• Weifang Yaxing Chemical Co., Ltd.

• Sundow Polymers Co., Ltd.

• NIPPON SHOKUBAI CO., LTD.

• INEOS Group Limited

• Shandong Novista Chemicals Co., Ltd.

• Hangzhou Keli Chemical Co., Ltd.

• Shandong Xuye New Materials Co., Ltd.

• Focus Technology Co., Ltd.

• Shandong Pujie Rubber & Plastic Co., Ltd.

• Qingdao Hongjun Plastic Products Co., Ltd.

• Weifang Polygrand Chemical Co., Ltd.