Chlorinated polyethylene resins and elastomers market is set to reach $1.29 B
The global chlorinated polyethylene resins and elastomers market stands at $600 MM as of now and is expected to reach $1.29 B by the year 2032 at a CAGR of 8% from 2022 to 2032.
Chlorinated polyethylene resins and elastomers come across as thermoplastic polymers that exhibit improvised chemical and physical properties. The application areas include thermoplastic elastomer and modifiers for polyethylene, acrylonitrile butadiene styrene and polyvinyl chloride. They are preferred mainly as they offer protection against heat, fire, oil, chemicals, weather, and abrasion.
The other advantages are inclusive of exceptional physical and mechanical properties, tensile strength, higher-filler acceptance, and low-temperature performance. PVC is being increasingly used for PVS siding, doors, pipes, and fences with upgradation in building and construction sector.
Geomembranes are amongst the major applications of chlorinated resins and elastomers. They could be used as impact modifiers as well as flexible sheeting for roofing membranes, automotives, molded shapes, cable jacketing, and extruded profiles, and ultimately as a base polymer. It needs to be noted that impact modification is the biggest application of chlorinated polyethylene resins and elastomers, as far as consumption is concerned. It is used to impact modify PVC for vinyl sliding, pipes, window profiles, deck, and fence.
At the same time, the fact that prices of raw materials are volatile can’t be ignored. Also, prices of crude oil are skyrocketing. Polyethylene is made from the crude oil derivatives. As such, it gets directly affected by the factors mentioned above. Also, various economies are laying down strict regulations regarding the use of polyethylene in the interest of environment. These factors are likely to restrain the chlorinated polyethylene resins and elastomers market in the near future. Future Market Insights has, through its line of expertise in the form of analysts and consultants, highlighted these findings with future perspectives in its latest market study entitled “Chlorinated Polyethylene Resins and Elastomers Market”.