Flexible sheets of industry experienced strong growth in the Asia-Pacific region due to the construction as well as electrical industries . These segments are driven by changing lifestyles and increasing disposable income . Further , increasing demand auto and industrial hose pipes are expected to fuel market growth resins and chlorinated polyethylene elastomers .
Due to its properties such as temperature resistance , oil resistance , chemical resistance , and ozone resistance ; the CPE has become the ideal choice for applications such as oil pipes , tubes power steering fluid , cooling fluid distribution tubes . It can also be used for ventilation tubes and vacuum in the automobile . The automotive industry is driven by global demand for various types of automobiles for various applications . Industrial hoses are used for chemical delivery and oil delivery in different mechanisms of manufacturing plants .
However , rising crude oil prices and therefore , the volatility of commodity prices should curb the growth of the market for resins and elastomers chlorinated polyethylene . Polyethylene is made from crude oil derivatives and is subject to availability and price changes . In addition , the high cost of treatment for developing applicationspecific elastomer or resin should hinder market growth . Development of new applications in the pharmaceutical and health care should offer opportunities for market players . Due to the non-hazardous nature of the resins and chlorinated polyethylene elastomers , it can be used for the manufacture of pharmaceutical factories and the health industry .
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Asia-Pacific was the largest market for resins and elastomers chlorinated polyethylene in terms of consumption . China accounts for the largest share of the global market in terms of production and consumption . Most CPE in China is used to impact modifier and implementation pipes . Demand from Europe and the rest of the world is expected to grow at a moderate pace . Asia Pacific was followed by North America , where the United States was the largest consumer . The global market of elastomers and Chlorinated polyethylene resins are highly concentrated with a few players dominating the market . Most players have their manufacturing plant in China and the Chinese vendors ’ threat is moderate because of the high cost of treatment .
The main chlorinated polyethylene resins and elastomers market players include Cevo Industry Ltd ., Shandong Sanyi Industrial Co . Ltd ., WeifangPolygr and Chemical Co . Ltd , Sanyi Chemical , Novista , DuPont , Lianda Corporation , Sundow Polymers Co . Ltd ., and Dow Chemical Company .
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