Rapidly Growing Applications to Drive Chlorinated Polyethylene Demand

Chlorinated Polyethylene (CPE) experiences massive demands in multiple end-use industries owing to its chemical, temperature, weather, impact, and fire resistance and high tensile strength. When mixed with other polymers such as polyvinyl chloride it adds resistive properties to the end-product.

CPE Layered Cables to Ease Installation

Major product-variants of chlorinated polyethylene are CPE 135A and CPE 135B. Increasing use of CPE 135A in impact modifiers and vinyl sidings is likely to propel its demand over the forecast years (from 2018 to 2025). It is also used in polyvinyl chloride (PVC) electrical conduits due to its superior ductility. Moreover, increasing use of CPE as a substitute to chloroprene rubber to manufacture cables and wires is likely to augment its demand in coming years.

Considering the demand, most manufacturing companies are investing in R&D to create better products. For instance, Southwire recently launched a high-quality, reasonable, multi-strand, and safe aluminum cable for down-tower wind turbine applications. This new cable provides more flexibility than any other aluminum cable, making it easier to install. The CPE outer layer allows clamps to grip, which further contributes in easy installation. Moreover, aluminum being less expensive than copper helps in reducing the manufacturing cost of the cable.

Market Overview

The chlorinated polyethylene market is likely to reach USD 890.3 million by 2025, according to a report by Grand View Research, Inc. Increasing use of high-performance polyethylene products in end-use industries is likely to propel growth of the market. Rise in production of polyethylene due to reduced manufacturing costs is predicted to fuel CPE market. Growing necessity of CPE owing to its resistive properties towards oil, temperature, and heat can drive market growth.

In addition, high adoption of chlorinated polyethylene in rigid plastic applications such as pipefittings and cable sheathing can drive the market over the years to come. Some of the prominent companies in the market include Weifang Yaxing Chemical, Novista Group, Weifang Yaxing Chemical, Showa Denko K.K., and S&E Specialty Polymers.

In-Depth Research Report On Chlorinated Polyethylene Market:

https://www.grandviewresearch.com/industry-analysis/chlorinated-polyethylene-pe-c-market