Chlorinated polypropylene (CPP) is a thermoplastic resin that is produced by the chlorination of polypropylene. CPP has a variety of applications due to its unique properties, including excellent adhesion, water resistance, and chemical resistance. It is used in coatings, adhesives, and other specialty products. The global chlorinated polypropylene market size was valued at USD 450 million in 2020 and is expected to grow at a compound annual growth rate (CAGR) of around 5% from 2021 to 2028. The growth of the market is driven by the increasing demand for adhesives and coatings in various end-use industries such as automotive, packaging, and construction.
Asia Pacific is the largest market for chlorinated polypropylene due to the high demand for adhesives and coatings in countries like China, Japan, and India. The North American and European markets are also expected to grow significantly due to the growing demand for water-based coatings and adhesives in these regions.
Some of the key players in the chlorinated polypropylene market include Eastman Chemical Company, LyondellBasell Industries Holdings B.V., Kaneka Corporation, Sumitomo Chemical Co. Ltd., and Sekisui Chemical Co. Ltd. These companies are focusing on expanding their product portfolio and improving their production capacity to cater to the growing demand for chlorinated polypropylene.
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Key findings of the Chlorinated Polypropylene market study:
- The report provides a present market outlook on Chlorinated Polypropylene. Additionally, the Chlorinated Polypropylene market share is anticipated to grow with a CAGR of 8.1% in the forecast period.
- Regional breakdown of the Chlorinated Polypropylene market based on predefined taxonomy.
- Innovative manufacturing processes implemented by Chlorinated Polypropylene vendors in detail.
- Region-wise and country-wise fragmentation of the Chlorinated Polypropylene market to grasp the revenue, and growth outlook in these areas.
- Changing preferences among consumers across various regions and countries.
- Factors (Positive and Negative) impacting the growth of the global Chlorinated Polypropylene market.
- Chlorinated Polypropylene price, market share, and Trends forecast for assessment period 2022-2032
Segmentation of Chlorinated Polypropylene Industry Research
· By Form :
- Liquid Chlorinated Polypropylene
- Powder/Solid Chlorinated Polypropylene
- Liquid Chlorinated Polypropylene
· By Function :
· By Application :
- Paint & Coating Production
- Ink Production
- Gravure Inks
- General Inks
- Special Purpose Adhesive Production
· By Region :
- North America
- Latin America
- East Asia
- South Asia & Oceania
- Middle East & Africa
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What makes this Research different from others?
- COVID- Impact analysis- The report includes details of the impact of the pandemic on the Chlorinated Polypropylene market further including insights on the pre-COVID situation. Additionally, this report benefits in terms of post-COVID recovery prospects, changing consumer demands, and buying patterns valuable for Chlorinated Polypropylene companies.
- Industrial trend analysis- The research covers recent trends in the field of Chlorinated Polypropylene which are augmented with the applicable technologies and shifts in industrial processes. The scope for digital and industrial technologies is discussed in order to help client firms to understand the benefits and risks included in light of market trends.
- Chlorinated Polypropylene Sustainability metrics- The rising concerns of environmentally friendly production and consumption are taken to next level in this research, as research is focused on emerging methods of ensuring sustainability. These insights include climate-friendly initiatives adopted by some players in the industry. Furthermore, details of manufacturers’ impact on carbon footprint are evaluated intend to make clients aware of their contribution to sustainable development goals.
The Chlorinated Polypropylene industry is dominated by some prominent players including
- Anhui Elite Industrial Co. Ltd
- Eastman Chemical Company
- Nippon Paper Group
- Golden Success Chemical Co., Ltd
- Haihang Industry Co. Ltd
- N Shashikant & Co.,
- Sundow Polymer Co., Ltd
The competition in the sector is driven by key parameters such as product price, targeted customer base, and strategic marketing. Major players in the market focused on the Chlorinated Polypropylene market innovation by investing more in research and development. Furthermore, the industry players are focusing on the extensive usage of online distribution channels for enhanced cost-effectiveness. The sustainability in the supply chain is a decisive factor for Chlorinated Polypropylene brands leading to an impact on the margin profits of firms.
Report Benefits & Key Questions Answered
- Chlorinated Polypropylene Company & brand share analysis: Company and brand share analysis on Chlorinated Polypropylene reveals how much market share is captured by Tier 1, Tier 2, and Tier 3 players
- Chlorinated Polypropylene Historical volume analysis: The industry analysis provides data & insights on historical volume sales of Chlorinated Polypropylene
- Chlorinated Polypropylene Category & segment level analysis: Fact.MR’s Chlorinated Polypropylene sales outlook offers category and segment level analysis on lucrative and nascent product types. Market players can use this information to identify sales potential and set sales targets at local, country, and regional level.
- Chlorinated Polypropylene Consumption by demographics: The market intelligence study provides consumption by demographics analysis so market players can design their product and marketing strategies on the basis of high-value consumers
- Post COVID consumer spending on Chlorinated Polypropylene: The report includes post COVID consumer spending analysis. This information will help business leads understand the shifts in purchasing power and behavior
- Manufacturing trend analysis: Vital information on how market players are aligning their manufacturing strategies with respect to evolving consumer sentiments