Published on: May 2022
An overview of the potential market growth of Chlorosulphonated Polyethylene (CSM)
The marketplace for chlorinated polyethylene is anticipated to grow at a CAGR of over 7.9% globally during the forecast period. Chlorinated polyethylene (CPE) may be a material produced through the substitution of hydrogen atoms with chlorine atoms in high-density polyethylene (HDPE). CPE grades usually contain 24% to 25% weight chlorine which provides excellent resistance to ozone, UV, weathering, and lots of chemicals. The growing demand for high-performance polyethylene products for industrial applications has been driving market growth. However, the fluctuating material prices and therefore the outbreak of coronavirus across the world are likely to hinder the expansion of the studied market.
The research and development regarding the event of advanced grades are likely to produce opportunities for the chlorinated polyethylene market over the subsequent five years. Impact modifier application is predicted to dominate the market studied over the forecast period. The Asia Pacific region dominated across the globe with increasing consumption from countries like China and India.
Impact Modifier to Dominate the Market
Impact modifier stands to be the dominating segment due to increasing construction and reconstruction activities, including the wide applicability of chlorinated polyethylene.
Huge demand for PVC siding, pipes, window profiles, doors, and fences is driving the expansion of impact modifiers during this market, among others from the building & industry.
The growing use of CPE 135A in speciality polyvinyl resin electrical conduits and highly filled compounds is witnessed due to its superior ductility. Development within the global market segment of CPE 135A is majorly thanks to the increased use of the CPE 135A category within the application of impact modifiers.
The impact modifier is widely utilized in packaging applications attributable to its ability to supply a perfect balance between crease-whitening resistance and clarity for packaging applications. Fast increment within the use of plastic packaging in several end-use enterprises is anticipated to drive the demand for impact modifiers.
During the projected period, all of the aforementioned reasons are expected to boost the chlorinated polyethylene market.
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