Cross-Linked Polyethylene Market Size

The market for Cross-Linked Polyethylene was estimated to be valued at US$ XX Mn in 2021.

The Cross-Linked Polyethylene Market is estimated to grow at a CAGR of XX% by 2028.

The Cross-Linked Polyethylene Market is segmented on the basis of Type, Application (Volume, Kilotons; Revenue, USD Million; 2014 - 2025), Regional (Volume, Kilotons; Revenue, USD Million; 2014 - 2025).

Based on region, the Cross-Linked Polyethylene Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

The key players operating in the Cross-Linked Polyethylene Market are sights , The cross-linked Polyethylene market size was valued at USD 5.73 billion in 2018 and is projected to expand at a CAGR of 6.0% from 2019 to 2025. Surging demand from the plumbing industry and wires and cables manufacturing sector are the key factors expected to have a positive impact on the market over the coming years. , Increasing demand for weather, heat, and moisture resistant materials that provides better protection to wires to transfer energy effectively and efficiently is one of the key factors expected to assist the demand for cross-linked polyethylene over the coming years. , Cross-linked polyethylene is mainly utilized in the pipe and the plumbing industry as a replacement of traditional materials such as copper, galvanized steel, PVC piping owing to their rusting, cost as well as circulation. Cross-linking of polyethylene helps in solving plumbing issues and it can be easier to install. Usage of PEX in the plumbing industry possesses various advantages such as flexibility, lower material costs, easier installation, environmental benefits, etc. Cross-linked polyethylene is also utilized as an insulation material in wires and cable owing to their better insulating properties and flexibility. , Type Insights , The high-density polyethylene segment wields the maximum share in the PEX market in 2018 and is expected to maintain its dominance throughout the forecast period. Cross-linked HDPE is gaining traction in the market primarily owing to the reason that most of the quantity is used in the plumbing application for the manufacturing of pipes and tubes. , The medium density polyethylene segment accounted for a small share in the market, however, it is expected to witness a value CAGR of 5.7% during the forecast years, owing to its increasing utilization in medical and other application sectors across the globe. , Low-density cross-linked polyethylene type segment was valued at USD 2,177.2 Mn in 2018 and is expected to grow at a CAGR of 5.5% during the forecast period. This can be primarily attributed to significant growth of the wires and cables in the countries such as India, China, Brazil, and some of the Middle Eastern countries , Production Technology Insights , Based on the production technology segment, peroxide technology is found to be the most commonly utilized technique to produce cross-linked polyethylene across the globe. Peroxide technology possesses various advantages which include good processability, low dielectric loss, and high breakdown strength, hence these properties assist their usage in plumbing and cable applications, hence boosting the demand for peroxide technology across the geographies. , Application Insights , Considering application, the plumbing segment accounted for more than half of the overall market by the end of 2018 and is expected to witness moderate growth over the coming years. Automotive application segment accounted for a small share in the cross-linked polyethylene market, however, demand is expected to observe prominent growth over the coming years , Wires and cables application is also expected to witness moderate growth over the coming years owing to the various advantages associated with the utilization of cross-linked polyethylene such as it can work with high voltage ranges (Up to 35 Kv), weather-resistant, provides mechanical protection, can withstand extreme pressure, flexible and cost-effective as compared to traditional solutions, etc. , Medical and another application segment together accounted for a small share in the PEX market by the end of 2018, however, demand is expected to surge at a significant pace over the coming years , Regional Insights , Considering regions, Asia-Pacific accounted for more than 2/5th of the overall market by the end of the year 2018 owing to the rising infrastructure activities in the developing nations such as India and China. Further, increasing the development of sewer systems, natural gas production units, expansion of pipelines, etc. are found to be some of the key factors assisting the cross-linked polyethylene demand over the coming years. , In the European countries, utilization of cross-linked polyethylene is expected to witness moderate growth owing to the rising demand from the automotive sector particularly for thermal insulation, interior parts, gaskets, and seals, etc. , North America in the market is accounted for a small share by the end of 2018, however, it is expected to grow at below average rate during the forecast years, supported by a positive of wires and cables industry in the U.S. , Cross-Linked Polyethylene Market share Insights , The cross-linked polyethylene market is found to be partly fragmented in nature owing to the presence of a large number of local as well as regional players across the globe. Key manufacturers involved in the production of cross-linked polyethylene are continuously focusing on production capacity expansion activities to enhance their presence in the market as well as to cater to the growing demand from automotive and cable applications. , Product innovation and mergers & acquisition activities across the value chain are found to be the key strategic initiatives by players in the market. , KEY MARKET SEGMENTS:, By Type, Low-Density Polyethylene (LDPE) , Medium Density Polyethylene (MDPE) , High-Density Polyethylene (HDPE) , Production Technology (Volume, Kilotons; Revenue, USD Million; 2014 - 2025) , Peroxide , Silane Grafting , Electron Beam Processing , By Application (Volume, Kilotons; Revenue, USD Million; 2014 - 2025) , Wires and Cables , Automotive , Plumbing , Medical , Others , By Regional (Volume, Kilotons; Revenue, USD Million; 2014 - 2025) , North America , The U.S. , Canada , Mexico , Europe , Germany , France , Italy , UK , Asia Pacific , China , India , Japan , South Korea , Central & South America , Brazil , Argentina , Middle East & Africa , Saudi Arabia , South Africa , KEY MARKET PLAYERS, The Dow Chemical Company , SILON s.r.o. , LyondellBasell Industries Holdings B.V. , PolyOne Corporation , Solvay , Borealis AG , Exxon Mobil Corporation , Akzo Nobel N.V. , SABIC , Arkema Group , Armacell , Hanwha Chemical..