The Chlorinated Polyolefins Market is expected to promise high growth owing to the rapid growth of the building & construction industry in recent years. Increasing demand from the application including adhesive, sealant, paint & coating, thermoplastic, metal, and others is expected to drive the growth of the market.
Chlorinated polyolefins (CPOs) are used as an adhesion promoter for polyolefin substrates. Chlorinated polyolefins provide good adhesion to various surfaces and resistance to fire. Among the various types of Chlorinated polyolefins, Chlorinated polyethylenes are widely used as they are resistant to the action of Ozone, Oxygen, Alkalis, saline solutions, strong acids, aliphatic hydrocarbons, alcohols, oils, and gasoline.
Nippon Paper in 1967 had produced a product called ‘Superchlon’ which was made from Chlorinated Polyolefins. Superchlon is a super adhesive and is used as a binder of paint and dispersion of ink. Nippon paper then introduced waterborne chlorinated polyolefins into the market, which are used as primer and adhesive.
In 2002, the Acrylated polyolefin technology was introduced for the production of primer less paints, which nowadays finds extensive applications in automotive paints and the building & construction industry. In the coming years, the leading manufacturers of chlorinated polyolefins have announced to introduce new technology in chlorinated polyolefins market, which will in turn help to avoid ozone degradation, effectively addressing the climate change and global warming problems.
A detailed analysis of the Chlorinated Polyolefins Market requires a complete breakdown of the market to get each founding component as accurate as possible. The market has been classified by type, by application, and by region. By type, it is further classified into Chlorinated Polyethylene, Polychloroprene, Chlorinated Polypropylene, and Chlorinated Polyvinyl Chloride. Similarly, by Application, it comprises of Adhesives, Sealants, Paints &Coatings, Thermoplastics, Metals, and others. These segments are further studied in detail incorporating the market estimates and forecasts at the regional and country levels. The segment analysis is useful in understanding the growth areas and probable opportunities of the market.
Key Factors Impacting Market Growth:
- The rapid growth of the building & construction industry
- The tremendous growth of the paints industry in Asia
- Adverse effects of chlorinated polyolefins on the environment may affect its demand in developed countries
Based on the region, the Chlorinated Polyolefins Market has been segmented by North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, & Rest of the World. The demand for chlorinated Polyolefin is expected to be moderate in the Europe region as the development of new packaging materials is on the rise. North America and Western Europe are some of the major markets that are also traditional suppliers of chemicals such as specialty chemicals, bulk chemicals, and so on. Major companies in this market are headquartered in North America and Western Europe. This region has been witnessing several transitions in terms of productions of chemicals and respective applications by end-use industries. The preference towards bio-based feedstock has been instrumental in the development of the green alternatives in these regions. Moreover, regulatory authorities have imposed strict guidelines because of environmental concerns and potential health hazards due to exposures. This has been more instrumental in the Western Europe region competitively. Some of the major economies in these regions include the US, Germany, UK, France, Canada, Italy, Spain, and so on.
The Asia Pacific and the Middle East are expected to register substantial growth in the Chlorinated Polyolefins Market during the forecast period. China is the largest producer of chlorinated Polyolefin and also the leading exporter. This demand is regarding the growth of major applications such as adhesive, sealant, paint & coating, thermoplastic, metal, and others. Major countries in the Asia Pacific region include China, South Korea, Japan, India, Australia, and so on. The demand from the Middle East & Africa region is forecasted to increase especially Africa as this region is experiencing technological transformation and urbanization. Thus the demand from automotive and polymer compounders would increase in the region. Middle East includes the UAE, Saudi Arabia, Iran, Israel, Egypt, and so on. Eastern Europe has been largely dominated by Russia and Turkey with operations of major chemical giants in the region. Moderate demand from the Rest of the World due to government initiatives is driving the demand for materials. Rest the World that includes South America and Africa has a strong potential for the chlorinated polyolefins market. There has been an increase in the number of investments by global companies in these regions to strengthen their presence and tap the potential market. Major economies in these regions for the chlorinated polyolefins market include Brazil, South Africa, Nigeria, Argentina, Colombia, and others.
Companies Covered: Major Companies profiled in this report are TCP global, Master Bond, Air Products and Chemicals Inc., Evonik Industries AG, The 3M Company, Dow Corning Corporation, BASF SE, Sartomer, Arkema SA, Altana AG (BYK Additives & Instruments), Eastman Chemical Company, Momentive, Performance Materials Inc., Special Chem, AkzoNobel NV, and DuPont. This analysis of companies contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies.
- Chlorinated Polyethylene (CPE)
- Chlorinated Polypropylene (CPP)
- Chlorinated Polyvinyl Chloride (CPVC)
- By Country (US, Canada, Mexico)
- By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
- By Country (Russia, Turkey, Rest of Eastern Europe)
- By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
- By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
- By Region (South America, Africa)
Reasons to Buy This Report:
- Market size estimation of global chlorinated polyolefins market on a regional and global basis
- The unique research design for market size estimation and forecast
- Profiling of major companies operating in the market with key developments
- Broad scope to cover all the possible segments helping every stakeholder in the market
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