Cross-Linked Polyethylene Market worth USD 6.89 billion by

New York, September 10, 2021 (GLOBE NEWSWIRE) — Overview of Cross-Linked Polyethylene (XLPE) Market: According to a comprehensive research report from Market Research Future (MRFR), Market for cross-linked polyethylene (XLPE) Research Report: By Type (High Density Polyethylene, Low Density Polyethylene, Others), By Technology (Peroxide Method, Silane Grafting Method, Electron Beam Processing), By Process (Chemical, Physical) and By Application (Sanitary, Wires & Cables, Medical, Chemical , Automotive, Others) – Forecast to 2028the market size is expected to be worth USD 6.89 billion in 2028, growing at a CAGR of 5.83% during the forecast period (2021 – 2028). The market was valued at USD 3.21 billion in 2020.


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Market competitive landscape:

The major companies profiled in the Cross-Linked Polyethylene Market report are:

  • Borealis AG (Austria)
  • LyondellBasell Industries Holdings BV (Netherlands)
  • Exxon Mobil Corporation (US)
  • Falcone Specialties AG (Switzerland)
  • SACO AEI Polymers (US)
  • SILON sro (Czech Republic)
  • Solvay (Belgium)
  • PolyOne Corporation (US)
  • 3H VINACOM CO., LTD (Vietnam)
  • HDC HYUNDAI EP COMPANY (South Korea)
  • SANKHLA POLYMERS PVT LTD (India)
  • Charloma Inc (US)

Market USP covered:

Drivers:

In the global PEX market, the automotive industry is one of the fastest growing application segments. The PEX market is driven by the use of PEX in the manufacture of automotive parts and components. In addition, as PVC’s market share declines, other materials, such as PEX, are expected to be used for insulation in automotive wires and cables during the forecast period.


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limits:

PEX tubing should not be used in applications exposed to direct sunlight as it breaks down quickly. When exposed to sunlight, the molecular structure of the tube breaks down, making it fragile and prone to cracking. When exposed to direct sunlight for as little as 30 days, the hose can succumb to embrittlement and fail prematurely. As a result, PEX is not recommended for use outdoors or in places exposed to sunlight. This physical feature inhibits market growth.

Market share

The segmentation of the cross-linked polyethylene market is done by technology, type, application and process. By technology, the peroxide method had the largest market share due to its ability to produce the highest stress cracking resistance. By type, HDPE is the most widespread segment due to its application in pipes and tubes. The chemical segment has the largest market share per process. By application, the sanitary category dominated the market in 2018.

COVID-19 analysis

Consumers, businesses and communities around the world are concerned about the COVID-19 pandemic, which is causing economic imbalances. Tier-1 and Tier-2 PEX producing companies around the world have also been forced to cease operations. In several PEX-producing countries, the pandemic has led to production shutdowns, labor shortages and logistical disruptions.

End-use sectors such as construction, chemicals, automotive, consumer goods and packaging are hampered by the pandemic. These industries require a robust distribution network and a high level of transport activity. However, due to the lockdown and transportation bans in many countries, these end-use industries cannot meet the demands of the users, limiting the growth of the PEX market. However, despite the virus outbreak, demand for PEX in the medical and health sector will boost the market.


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Regional Insights

In 2018, Asia-Pacific was the largest and fastest growing market for XLPE, and it is expected to grow at a significant CAGR during the period considered. Growing industrialization and growing construction, electronic goods and automotive industries are responsible for this expansion. As a major electronics hub, China is expected to be the leading country in the region, with high utilization of XLPE compared to other high voltage resistant materials. India, South Korea, New Zealand, Japan and Australia are expected to contribute to the expansion of the regional market. The increasing use of XLPE in sanitary applications in residential structures and industries is driving the expansion of the North American cross-linked polyethylene market. The United States is likely to be the region’s main market. Increased vehicle production and rising demand for XLPE in medical packaging solutions and dental materials are likely to drive market expansion in Europe. The construction and automotive industries are expected to drive market expansion in the Middle East and Africa. The increased demand for XLPE in plumbing and water distribution systems is driving the expansion of the cross-linked polyethylene market in the area.

Market size:

Polyethylene is a cheap raw material that can be reused and reformed due to its thermoplastic nature. Cross-linking with polyethylene produces a high molecular weight polymer that improves thermal resistance, abrasion resistance, impact resistance and resistance to environmental stress cracking without compromising tensile strength or density. Furthermore, after crosslinking, the end product is converted from a thermoplastic to a thermosetting plastic with high tensile properties.

Because of their rust, cost and circulation, cross-linked polyethylene is mainly used in the pipe and plumbing industry to replace traditional materials such as copper, galvanized steel and PVC pipes. Polyethylene cross-linking helps to solve plumbing problems and makes installation easier. PEX has several advantages in the plumbing industry, including flexibility, lower material costs, easier installation and environmental benefits. Due to its superior insulating properties and flexibility, cross-linked polyethylene is also used as an insulating material in wires and cables.

Segmentation of the market covered in the study:

Cross Linked Polyethylene (XLPE) Market Research Report: By Type (High Density Polyethylene, Low Density Polyethylene, Others), By Technology (Peroxide Method, Silane Grafting Method, Electron Beam Processing), By Process (Chemical, Physical) and By Application (Sanitary, wires and cables, medical, chemical, automotive, other) – forecast to 2028


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