Chlorinated Polyethylene (PE-C) Market (Updated Version Available)
Chlorinated Polyethylene (PE-C) Market Size, Share & Trends Analysis, By Type (CPE 135A and CPE 135B), Application (Wire and Cable Jacketing, Impact Modifier, Roofing, Energy Storage, Appliance, Hose and Tubing, Molding and Extrusion, Magnetic, Adhesive, and Others), End-user (Automotive, Construction, Industrial, Packaging, and Others), By Region, Forecast Period 2023 - 2030.
Report ID : RI_673878 | Date : May 2023 |
Format : 
Key Market Overview:
Chlorinated Polyethylene (PE-C) Market size was valued at USD 622.2 Million in 2022, registering a CAGR of 7.3% during the forecast period (2023-2030), and the market is projected to be worth USD 1,173.1 Million by 2030.
Chlorinated polyethylene (PE-C) is a variant of polyethylene, where chlorine is switched for some of the hydrogen atoms. Chlorinated polyethylene has a chlorine content in the range of 34% to 44%. The crucial properties associated with chlorinated polyethylene include soft & rubbery texture, enhanced impact & weather resistance, and superior durability, among others. Chlorinated polyethylene is primarily deployed as raw materials in the production of various products, including wire and cable jacketing, impact modifiers, roofing, energy storage, appliances, hose and tubing, molding and extrusion, and others. Thus, the increasing deployment of chlorinated polyethylene in various applications is accelerating the growth of the market.
For instance, according to the Organisation Internationale des Constructeurs dAutomobiles (OICA), in 2022, the total production of motor vehicles, at the global level was 85,016,728 with a 6% of growth rate from the previous year. Thus, the growth of the automotive industry at the global level is a major factor accelerating the chlorinated polyethylene (PE-C) market growth. Furthermore, the increasing construction activities will further create a lucrative growth opportunity for the chlorinated polyethylene (PE-C) market in the long run.
Chlorinated polyethylene Report Coverage:
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Market Dynamics:
Driver:
Chlorinated polyethylene is used in the manufacturing of automotive hoses, adhesives, molding & extrusion, and others. These products are often deployed in the interiors and exteriors of automotive cars to ensure superior resistance and strength. For illustration, according to the Organisation Internationale des Constructeurs dAutomobiles (OICA), in 2021, the production of automotive vehicles at the global level was 80,205,102 units, and in 2022, it was 85,016,728 units, an increase of 6%. Thus, the growth of the automotive industry is a prime factor boosting the demand for chlorinated polyethylene at the global level. This factor is driving the chlorinated polyethylene (PE-C) market growth at the global level.
Moreover, chlorinated polyethylene is a major raw material in the production of molding and extrusion, which are widely used in the industrial sector. This factor is increasing the demand in the market.
Restraint:
The increasing environmental concerns and stringent regulations implemented by the governments at the global level will hamper the adoption of chlorinated polyethylene, which pose a bottleneck for global market growth. Furthermore, the higher gas permeability and hydrogen chloride production after combustion associated with the production of chlorinated polyethylene is further impacting the environment. For instance, according to the Occupational Safety and Health Administration (OSHA), chlorinated polyethylene has been classified as hazardous under regulation 29 CFR 1910 (OSHA HCS). Thus, the regulations and environmental concerns associated with the usage of chlorinated polyethylene is posing as a roadblock to the global chlorinated polyethylene (PE-C) market growth.
Opportunities:
In construction projects such as residential complexes, commercial buildings, and others chlorinated polyethylene is primarily deployed as an impact modifier to enhance the overall health of a building. For instance, various construction projects associated with the development of residential buildings, commercial complexes, and infrastructure projects are under the development phase in European countries such as Germany, France, Spain, and others. For illustration, USD 177 million Minden Headquarters Building in Germany (the completion year 2024), USD 1,424 million Nantes New CHU Hospital Development in France (the completion year 2027), and others are under the development phase. Hence, the ongoing development of such construction projects is accelerating the chlorinated polyethylene (PE-C) market growth during the forecasted period.
Chlorinated Polyethylene (PE-C) Market Segmentation:
By Type
The type segment is classified into CPE 135A and CPE 135B. In 2022, the CPE 135A segment accounted for the highest market share in the chlorinated polyethylene (PE-C) market. Chlorinated polyethylene CPE 135A enhances the impact and provides uniform formability and excellent impact resistance over a wide temperature range. The chlorinated polyethylene (CPE) 135A is ideal for applications such as gaskets, high-performance industrial cables, air ducts, and others. These applications are majorly utilized in the building and construction industry. For instance, in quarter 2 of 2022, the construction of a USD 18,175 million K2 Manufacturing Facility started in Kitakami, Japan. The construction of the K2 Manufacturing Facility will be completed by the end of 2023. The development of new manufacturing facilities is spurring the demand for CPE 135A to ensure superior structural strength. This determinant is boosting the market growth.
Moreover, the CPE 135B segment is expected to grow at the fastest CAGR during the forecast period, owing to its increasing adoption in industrial product manufacturing. Thus, the increasing production activities associated with industrial products are benefiting the cumene segment growth.
By Application
The application segment is divided into wire and cable jacketing, impact modifier, roofing, energy storage, appliance, hose and tubing, molding and extrusion, magnetic, adhesive, and others. In 2022, the impact modifier accounted for the highest market share in the chlorinated polyethylene (PE-C) market. Chlorinated polyethylene (PE-C) ensures various superior performance features, including excellent resistance to oil, superior chemical resistance, and others. As a result, chlorinated polyethylene (PE-C) is an ideal solution for impact resistance, which is often utilized in various end-use industries such as automotive, construction, packaging, and others. For instance, according to the Packaging Industry Association of India, the food & beverage packaging industry is considered to be one of the industries with high growth in India and it accounted for 55% of the total packaging consumption in India in 2021. Thus, the growth of the packaging industry is fostering the demand for impact-resistant applications, thereby accelerating the growth of the global chlorinated polyethylene (PE-C) market.
Furthermore, the cable jacketing segment is anticipated to be the fastest-growing segment during the forecast period due to the increasing use of cable jacketing in the construction and industrial sectors. The growth of the construction and industrial sectors is benefiting the demand growth for cable jacketing, which, in turn, is augmenting the growth of the chlorinated polyethylene (PE-C) market.
By End-Use Industry
The end-user segment is categorized into automotive, construction, industrial, packaging, and others. In 2022, the automotive segment accounted for the highest market share in the chlorinated polyethylene (PE-C) market. The development of infrastructure projects, and the growth of public transportation, among others are vital determinants accelerating the demand for commercial vehicles. These factors are contributing to the growth of automotive production. For illustration, according to the Organisation Internationale des Constructeurs dAutomobiles (OICA), in 2020, the production of commercial vehicles at the global level was 21,787,126 units, and in 2021, it was 23,091,693 units, an increase of 5.9%. Henceforth, the growth of the automotive industry is projected to increase the demand for chlorinated polyethylene (PE-C). This, in turn, is fostering market growth.
In addition, the construction industry is expected to be the fastest-growing segment over the forecast period, owing to the increasing use of chlorinated polyethylene (PE-C) in the development of roofings. In line with the construction industrys growth, the chlorinated polyethylene (PE-C) market is registering growth.
By Region:
By region, the market is bifurcated into North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. In 2022, Asia Pacific accounted for the highest market share in the chlorinated polyethylene (PE-C) market. The primary factors such as the rapidly growing industrial sector, and booming transportation & logistics sector, are some of the major determinants accelerating the automotive industry growth in the Asia Pacific region. For instance, according to the OICA, in 2022, the Asia Pacific region manufactured the highest number of total automotive vehicles at the global level, holding a share of 58.84%. Therefore, the booming automotive industry in the Asia Pacific region is fostering the demand for chlorinated polyethylene (PE-C). This, in turn, is proliferating the market growth.
Likewise, North America is expected to be the fastest-growing region over the forecast period due to growth of the various industries such as automotive, construction, and others. Thus, the growth of the above-indicated industries in the North American region is driving the demand for chlorinated polyethylene. As a result, driving the growth of the chlorinated polyethylene (PE-C) market.
Chlorinated Polyethylene (PE-C) Market Competitive Landscape:
The chlorinated polyethylene (PE-C) market is highly competitive, with several large players and numerous small and medium-sized enterprises. These companies have strong research and development capabilities and a strong presence in the market through their extensive product portfolios and distribution networks. The market is characterized by intense competition, with companies focusing on expanding their product offerings and increasing their market share through mergers, acquisitions, and partnerships. The key players in the market include-
• SHOWA DENKO K.K.
• Hangzhou Keli Chemical Co., Ltd
• Shandong Novista Chemical Ltd.
• Sundow Polymers Co., Ltd.
• Dycon Chemicals
• Aurora Plastics LLC
• Shandong Xuye New Materials Co., Ltd.
• Shandong Novista Chemical Ltd.
• Shandong Gaoxin Chemical Co., Ltd.
• Jiangsu Tianteng Chemical Industry Co., Ltd.
Recent Developments
• In February 2021, Sundow Polymers Co., Ltd., a leading player in the chlorinated polyethylene (PE-C) market launched a second line of manufacturing facilities for the chlorinated polyethylene (PE-C). Thus, the development of new manufacturing facilities for the expansion of chlorinated polyethylene (PE-C) production will further benefit the market growth.
Chlorinated Polyethylene (PE-C) Market size was valued at USD 622.2 Million in 2022, registering a CAGR of 7.3% during the forecast period (2023-2030), and the market is projected to be worth USD 1,173.1 Million by 2030.
Chlorinated polyethylene (PE-C) is a variant of polyethylene, where chlorine is switched for some of the hydrogen atoms. Chlorinated polyethylene has a chlorine content in the range of 34% to 44%. The crucial properties associated with chlorinated polyethylene include soft & rubbery texture, enhanced impact & weather resistance, and superior durability, among others. Chlorinated polyethylene is primarily deployed as raw materials in the production of various products, including wire and cable jacketing, impact modifiers, roofing, energy storage, appliances, hose and tubing, molding and extrusion, and others. Thus, the increasing deployment of chlorinated polyethylene in various applications is accelerating the growth of the market.
For instance, according to the Organisation Internationale des Constructeurs dAutomobiles (OICA), in 2022, the total production of motor vehicles, at the global level was 85,016,728 with a 6% of growth rate from the previous year. Thus, the growth of the automotive industry at the global level is a major factor accelerating the chlorinated polyethylene (PE-C) market growth. Furthermore, the increasing construction activities will further create a lucrative growth opportunity for the chlorinated polyethylene (PE-C) market in the long run.
Chlorinated polyethylene Report Coverage:
| Report Attributes | Report Details |
| Study Timeline | 2017-2030 |
| Market Size in 2030 (USD Million) | 1,173.1 Million |
| CAGR (2023-2030) | 7.3 % |
| Base Year | 2022 |
| By Type | CPE 135A and CPE 135B |
| By Application | Wire and Cable Jacketing, Impact Modifier, Roofing, Energy Storage, Appliance, Hose and Tubing, Molding and Extrusion, Magnetic, Adhesive, and Others |
| By End use industry | Automotive, Construction, Industrial, Packaging, and Others |
| By Geography |
|
| Key Players | SHOWA DENKO K.K., Hangzhou Keli Chemical Co., Ltd, Shandong Novista Chemical Ltd., Sundow Polymers Co., Ltd., Dycon Chemicals Aurora Plastics LLC, Shandong Xuye New Materials Co., Ltd., Shandong Novista Chemical Ltd., Shandong Gaoxin Chemical Co., Ltd., and Jiangsu Tianteng Chemical Industry Co., Ltd. |
Market Dynamics:
Driver:
Chlorinated polyethylene is used in the manufacturing of automotive hoses, adhesives, molding & extrusion, and others. These products are often deployed in the interiors and exteriors of automotive cars to ensure superior resistance and strength. For illustration, according to the Organisation Internationale des Constructeurs dAutomobiles (OICA), in 2021, the production of automotive vehicles at the global level was 80,205,102 units, and in 2022, it was 85,016,728 units, an increase of 6%. Thus, the growth of the automotive industry is a prime factor boosting the demand for chlorinated polyethylene at the global level. This factor is driving the chlorinated polyethylene (PE-C) market growth at the global level.
Moreover, chlorinated polyethylene is a major raw material in the production of molding and extrusion, which are widely used in the industrial sector. This factor is increasing the demand in the market.
Restraint:
The increasing environmental concerns and stringent regulations implemented by the governments at the global level will hamper the adoption of chlorinated polyethylene, which pose a bottleneck for global market growth. Furthermore, the higher gas permeability and hydrogen chloride production after combustion associated with the production of chlorinated polyethylene is further impacting the environment. For instance, according to the Occupational Safety and Health Administration (OSHA), chlorinated polyethylene has been classified as hazardous under regulation 29 CFR 1910 (OSHA HCS). Thus, the regulations and environmental concerns associated with the usage of chlorinated polyethylene is posing as a roadblock to the global chlorinated polyethylene (PE-C) market growth.
Opportunities:
In construction projects such as residential complexes, commercial buildings, and others chlorinated polyethylene is primarily deployed as an impact modifier to enhance the overall health of a building. For instance, various construction projects associated with the development of residential buildings, commercial complexes, and infrastructure projects are under the development phase in European countries such as Germany, France, Spain, and others. For illustration, USD 177 million Minden Headquarters Building in Germany (the completion year 2024), USD 1,424 million Nantes New CHU Hospital Development in France (the completion year 2027), and others are under the development phase. Hence, the ongoing development of such construction projects is accelerating the chlorinated polyethylene (PE-C) market growth during the forecasted period.
Chlorinated Polyethylene (PE-C) Market Segmentation:
By Type
The type segment is classified into CPE 135A and CPE 135B. In 2022, the CPE 135A segment accounted for the highest market share in the chlorinated polyethylene (PE-C) market. Chlorinated polyethylene CPE 135A enhances the impact and provides uniform formability and excellent impact resistance over a wide temperature range. The chlorinated polyethylene (CPE) 135A is ideal for applications such as gaskets, high-performance industrial cables, air ducts, and others. These applications are majorly utilized in the building and construction industry. For instance, in quarter 2 of 2022, the construction of a USD 18,175 million K2 Manufacturing Facility started in Kitakami, Japan. The construction of the K2 Manufacturing Facility will be completed by the end of 2023. The development of new manufacturing facilities is spurring the demand for CPE 135A to ensure superior structural strength. This determinant is boosting the market growth.
Moreover, the CPE 135B segment is expected to grow at the fastest CAGR during the forecast period, owing to its increasing adoption in industrial product manufacturing. Thus, the increasing production activities associated with industrial products are benefiting the cumene segment growth.
By Application
The application segment is divided into wire and cable jacketing, impact modifier, roofing, energy storage, appliance, hose and tubing, molding and extrusion, magnetic, adhesive, and others. In 2022, the impact modifier accounted for the highest market share in the chlorinated polyethylene (PE-C) market. Chlorinated polyethylene (PE-C) ensures various superior performance features, including excellent resistance to oil, superior chemical resistance, and others. As a result, chlorinated polyethylene (PE-C) is an ideal solution for impact resistance, which is often utilized in various end-use industries such as automotive, construction, packaging, and others. For instance, according to the Packaging Industry Association of India, the food & beverage packaging industry is considered to be one of the industries with high growth in India and it accounted for 55% of the total packaging consumption in India in 2021. Thus, the growth of the packaging industry is fostering the demand for impact-resistant applications, thereby accelerating the growth of the global chlorinated polyethylene (PE-C) market.
Furthermore, the cable jacketing segment is anticipated to be the fastest-growing segment during the forecast period due to the increasing use of cable jacketing in the construction and industrial sectors. The growth of the construction and industrial sectors is benefiting the demand growth for cable jacketing, which, in turn, is augmenting the growth of the chlorinated polyethylene (PE-C) market.
By End-Use Industry
The end-user segment is categorized into automotive, construction, industrial, packaging, and others. In 2022, the automotive segment accounted for the highest market share in the chlorinated polyethylene (PE-C) market. The development of infrastructure projects, and the growth of public transportation, among others are vital determinants accelerating the demand for commercial vehicles. These factors are contributing to the growth of automotive production. For illustration, according to the Organisation Internationale des Constructeurs dAutomobiles (OICA), in 2020, the production of commercial vehicles at the global level was 21,787,126 units, and in 2021, it was 23,091,693 units, an increase of 5.9%. Henceforth, the growth of the automotive industry is projected to increase the demand for chlorinated polyethylene (PE-C). This, in turn, is fostering market growth.
In addition, the construction industry is expected to be the fastest-growing segment over the forecast period, owing to the increasing use of chlorinated polyethylene (PE-C) in the development of roofings. In line with the construction industrys growth, the chlorinated polyethylene (PE-C) market is registering growth.
By Region:
By region, the market is bifurcated into North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. In 2022, Asia Pacific accounted for the highest market share in the chlorinated polyethylene (PE-C) market. The primary factors such as the rapidly growing industrial sector, and booming transportation & logistics sector, are some of the major determinants accelerating the automotive industry growth in the Asia Pacific region. For instance, according to the OICA, in 2022, the Asia Pacific region manufactured the highest number of total automotive vehicles at the global level, holding a share of 58.84%. Therefore, the booming automotive industry in the Asia Pacific region is fostering the demand for chlorinated polyethylene (PE-C). This, in turn, is proliferating the market growth.
Likewise, North America is expected to be the fastest-growing region over the forecast period due to growth of the various industries such as automotive, construction, and others. Thus, the growth of the above-indicated industries in the North American region is driving the demand for chlorinated polyethylene. As a result, driving the growth of the chlorinated polyethylene (PE-C) market.
Chlorinated Polyethylene (PE-C) Market Competitive Landscape:
The chlorinated polyethylene (PE-C) market is highly competitive, with several large players and numerous small and medium-sized enterprises. These companies have strong research and development capabilities and a strong presence in the market through their extensive product portfolios and distribution networks. The market is characterized by intense competition, with companies focusing on expanding their product offerings and increasing their market share through mergers, acquisitions, and partnerships. The key players in the market include-
• SHOWA DENKO K.K.
• Hangzhou Keli Chemical Co., Ltd
• Shandong Novista Chemical Ltd.
• Sundow Polymers Co., Ltd.
• Dycon Chemicals
• Aurora Plastics LLC
• Shandong Xuye New Materials Co., Ltd.
• Shandong Novista Chemical Ltd.
• Shandong Gaoxin Chemical Co., Ltd.
• Jiangsu Tianteng Chemical Industry Co., Ltd.
Recent Developments
• In February 2021, Sundow Polymers Co., Ltd., a leading player in the chlorinated polyethylene (PE-C) market launched a second line of manufacturing facilities for the chlorinated polyethylene (PE-C). Thus, the development of new manufacturing facilities for the expansion of chlorinated polyethylene (PE-C) production will further benefit the market growth.
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