Chlorinated Polyethylene Market to be Driven by Increasing Demand For Auto & Industrial Hose Pipes Till 2025 | Million Insights - Seite 2

Browse 95 page research report with TOC on "Global Chlorinated Polyethylene Market" at: https://www.millioninsights.com/industry-reports/chlorinated-polyethylene-market 

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.

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.