[FURL=https://www.industryarc.com/Report/15784/chlorinated-polyethylene-market.html]Chlorinated Polyethylene Market[/FURL] size is forecast to reach $830 million by 2025, after growing at a CAGR of 8.1% during 2020-2025. With the rise in consumption of polyvinyl chloride, polyethylene and others, the Chlorinated Polyethylene market is witnessing an increase in demand. Growing public interest towards household products will further enhance the overall market demand for Chlorinated Polyethylene during the forecast period.Key Takeaways
Asia-Pacific dominates the Chlorinated Polyethylene market owing to increasing demand from applications such as wire & cables jacketing, adhesives and others.
The growing popularity for PVC pipes in residential and commercial areas, is likely to aid in the market growth of Chlorinated Polyethylene.
COVID 19 pandemic will create hurdles for the Chlorinated Polyethylene market.
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Chlorinated Polyethylene Market Segment Analysis - By Application
Impact Modifier sector has been the primary market for Chlorinated Polyethylene. Improving the impact strength of compounds is the role of an important group of additives. Impact modifiers compensate for inherent brittleness, or embrittlement occurring at sub-zero temperatures, notch-sensitivity and crack propagation. The mechanism normally involves introducing a component that is elastomeric or rubbery in nature, which can absorb the energy of an impact or dissipate it. Impact modifiers are added to compounded materials to improve durability and toughness of plastic resins. In addition to the impact performance, a number of other characteristics of the material such as optical and tensile properties, weatherability, processability, flammability, heat distortion and cost can also be improved by adding impact modifiers. One of the major applications of impact modifiers are PVC resins: MBS (Methyl Butadiene Styrene) and Acrylics impact modifiers enhance the impact resistance of the PVC products without impairing other properties.
Chlorinated Polyethylene Market Drivers
Growing demand PVC pipes
Growing demand for cable & wire jackets
Major players in the Chlorinated Polyethylene Market are The DOW Chemical Company, Jiangsu Tianteng Chemical Industry Co., Ltd., Novista Group Co., Ltd., Hangzhou Keli Chemical Co., Ltd., Weifang Daqian Chemicals Co., Ltd., among others.
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