Global Chlorinated Polyethylene Market: Overview
As the name suggests, chlorinated polyethylene (CPE), a thermoplastic, is produced by chlorination of polyethylene. It has excellent resistance properties to oil, UV, heat, temperature, chemicals, and weather. It is anti-combustible and difficult to ignite. Chlorinated polyethylene is a flexible and high-strength polymer. The polymer has good stability and is easy to mold. The chlorine content of the polymer differs between 35 to 75% depending on its application. The polymer is manufactured in different grades depending on its chlorine content, viscosity, and other properties. It can be blended with other polymers such as polyolefin, PVC, and EVA for better performance. Chlorinated polyethylene is primarily employed to blend with PVC for manufacturing several products. Chlorinated polyethylene (CPE), elastomers, and resins are widely used in numerous industries. Chlorinated polyethylene polymers are famous as impact modifiers.
The chlorinated polyethylene market can be segmented based on type, application, end-use industry, and region. Chlorinated polyethylene is manufactured in two types- type A and type B. Type A CPE contains resin CPE products and is used in rubber applications such as wires, cables, and hoses. Type B CPE includes elastomer products. It is employed in the PVC products such as PVC windows, doors, fence, pipes, and others. Based on applications, the chlorinated polyethylene market can be further divided into hoses, tubing & pipes, window & door profiles, fence, molded & extruded goods, rainwater goods, foams, and others. In terms of end-use industry, the chlorinated polyethylene market can be segmented into automotive, wire & cables, specialized rubber products, building & construction, coating & adhesives, and magnetics. In terms of region, the chlorinated polyethylene market can be divided into North America, Latin America, Middle East & Africa, Europe, and Asia Pacific.
The exceptional mechanical and physical properties of the chlorinated polyethylene polymers aid in the diversified usage of the polymers in different industries. Demand for chlorinated polyethylene polymers as impact modifiers is on the rise due to their better impact resistance and low cost. Thus, demand for the polymers is increasing for blends with PVC for the tough, flexible, and rigid products. Demand for the chlorinated polyethylene polymers is rising owing to their resistance to heat, ozone, and combustion and they are estimated to replace the traditional materials such as metals for better performance of the end-products. Demand for chlorinated polyethylene is expected to increase significantly in the automobile, building & construction, and wires & cables industries in the near future. However, high gas permeability, evolution of hydrogen chloride during combustion, surge in crude oil prices, and high processing cost are anticipated to restrain the chlorinated polyethylene market.
Asia Pacific is projected to dominate the chlorinated polyethylene market during the forecast period. China is estimated to account for more than half of the market share in the region during the forecast period. Presence of several international and local manufactures augment the chlorinated polyethylene market in China. China is a leading consumer of CPE, followed by the U.S. The chlorinated polyethylene market in North America is estimated to expand at a rapid pace. Expansion of the market in Europe is projected to be sluggish.
Major players operating in the global chlorinated polyethylene market include Weifang Yaxing Chemical Co. Ltd., Lianda Corporation, Shandong Xiangsheng New Materials Technology Co. Ltd, Shandong Novista Chemicals Co. Ltd., and Dow Chemical Company.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
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Below is a snapshot of these quadrants.
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The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
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The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
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10. What will be the barrier to entry for new players in the market?
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