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.
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.
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 2017 – 2025.
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Automotive segment is expected to be the fastest growing application area
in the cross linked polyethylene market
Among application, automotive segment is expected to witness fastest growth
over the forecast period. The automotive sales in China grew by 15%, in the
U.S. grew by 0.2%, and in Europe 7% Y-o-Y growth in 2016. Therefore, the
automotive segment is expected to drive growth of the market due to the rapid
growth in the automotive industry.
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