May 31, 2022 09:30 ET | Source: Future Market Insights Global and Consulting Pvt. Ltd. Future Market Insights Global and Consulting Pvt. Ltd.
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NEWARK, Del, May 31, 2022 (GLOBE NEWSWIRE) -- The global chlorinated polyethylene market is predicted to witness a moderate growth rate of 7.2% during the forecast years of 2022 to 2032. The net worth of the global chlorinated polyethylene market share is expected to reach US$ 1.3 Billion by the year 2032, increasing from US$ 620.2 Million in the year 2021.
Chlorinated polyethylene or CPE is a material made by exchanging hydrogen atoms for chlorine atoms in high-density polyethylene or HDPE polymers generally available in white powder. Chlorinated polyethylene elastomer has improved durability and whiteness. It is suitable for a wide range of applications in plastics and rubbers, making it an excellent choice for different types of end products.
The replacement of wood and steel with plastics in the construction of doors and windows is driving the demand for chlorinated polyethylene. The sales of chlorinated polyethylene have boomed as a result of the introduction of PVC plastic profiles for doors and windows in rapidly expanding urban areas.
Depending on the application, the chlorinated polyethylene polymer's chlorine concentration ranges from 35 to 75 percent. As a result, the demand for polymers to mix with PVC for robust, flexible, and stiff applications continuously increases in the global market.
Chlorinated polyethylene CPE 135A has various positive properties, including high tensile strength, filler acceptance, low-temperature performance, flame resistance, and others, making it suitable for manufacturing industrial adhesives and impact modifiers, and magnetics.
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Name of some of the chloromethane market key players includes Weifang Yaxing Chemicals Co. Ltd, Novista Group Co. Ltd, Showa Denko K. K., Aurora Plastics, LLC, Shandong Xuye New Materials, Shandong Xiangsheng Plastic Industry Co. Ltd, Hangzhou Keli Chemical Co. Ltd, Civo Industry Company Ltd., and DuPont among others.
Recent Developments in Chlorinated Polyethylene Market
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1.3. Key Market Characteristics & Attributes
3. Market Risks and Trends Assessment
4. Market Background and Foundation Data Points
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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