Cross-linked polyethylene

Cross-linked polyethylene Market - Insights, Opportunity Analysis, and
Industry Forecast till 2025
Polyethylene are low cost commodity plastics that can be reused due to its thermoplastic
nature. Cross-linking of polyethylene helps enhance its thermal resistance and the end
product so obtained is transformed from thermoplastic to thermosetting plastic.
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High density polyethylene (HDPE) segment dominated the market in 2016, according to the
stats provided by Coherent Market Insights. Cross-linked HDPE is gaining traction over raw
HDPE due to its thermosetting nature, high mechanical strength, and better stress crack
resistance. Furthermore, cross-linked HDPE can be produced economically and thus, finds
wide application in domestic and industrial plumbing services. This in turn, is fueling growth
of the global cross linked polyethylene market, a trend that is expected to sustain over the
forecast period.
Plumbing was the largest application segment in the global cross linked polyethylene market
in 2016 and is expected to retain its dominance throughout the forecast period.
Conventionally used plumbing materials such as copper and PVC do not perform well in high
temperatures and when highly chlorinated water is transported through them over prolonged
periods. This is key and highly lucrative growth area for manufacturers of cross-linked
polyethylene to exploit. Thus, various players in the market are focusing on R&D activities to
deploy cross-linked polyethylene (PEX) pipes for supply of chlorinated water and for radiant
heating applications. Also, other emerging applications such as use of PEX pipes in mining
activities and solar applications are also paving the way for growth of the cross-linked
polyethylene market globally. XLPE storage tanks are widely used in the chemical industry
due to their ability to withstand acidic corrosion and heat.
The global cross linked polyethylene market was valued at US$ 5,323.1 million and 2,941.2
kilo tons in 2016 and is expected to expand at a CAGR of 6.6% in terms of revenue and
6.1% in terms of volume during 2018 – 2025.
Automotive has emerged as the fastest growing application area for Cross Linked
Polyethylene
Automotive segment is expected to witness fastest growth over the following decade. The
automotive sales in China grew by 15%, in the U.S. grew by 0.2%, and in Europe 7% Y-o-Y
in 2016. This rapid growth of automotive industry is expected to boost growth of the
automotive application segment in the global cross linked polyethylene market.
Regional Insights
Asia Pacific, followed by North America and Europe accounted for major share in the global
Cross Linked Polyethylene market both in terms of revenue and volume in 2016 and the
trend is estimated to remain the same over the forecast period. In 2016, Asia Pacific held a
share of 47.68% in terms of volume. The growing demand for plumbing in Asia Pacific due to
growing population, increased urbanization and commercial sector is expected to drive the
growth of the global cross linked polyethylene market over the forecast period. According to
a study conducted by Coherent Market Insights, the global plumbing market is expected to
witness a CAGR of 6.3% from 2017 to 2025 which is expected to fuel the global Cross
Linked Polyethylene market. Growing urbanization and increasing construction activities
especially, in emerging economies of India, China and other countries in Latin America is a
major factor fueling demand for effective plumbing works, subsequently fueling growth of the
cross-linked polyethylene market. For instance, as per statistics released by India Brand
Equity Foundation (IBEF)—a Trust established by the Department of Commerce, Ministry of
Commerce and Industry, Government of India—the Indian government plans to invest US$
376.53 billion in infrastructure development over the following three years.
Multinational players
Major players in the global Cross Linked Polyethylene market include ExxonMobil Chemical
Company, LyondellBasell Industries, 3H Vinacom Co., Hanwha Chemicals, Arkema Group,
AkzoNobel N.V., Falcone Specialities AG, Borealis AG, and PolyOne Corporation.
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Cross-linked polyethylene Market report categorizes global market by Product Type (HDPE, and LDPE), Application (Plumbing, Wires & Cables, Automotive), and Geography - Insights, Opportunity Analysis, and Industry Forecast till 2025

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