Market World Chlorinated Polyethylene Market | Page 2

sheet in electrical son and cables, roofing applications and rubber products for seals and shoe soles. 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 application-
specific 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.
Market Segment: