Cross-Linked Polyethylene Market 2022- Growing Rapidly with Latest Trends and Future Scope 2030
Research Reports
Dec 16, 2022
Crossed-Linked Polyethylene Market is projected to be worth USD 10.27 billion by 2030, registering a CAGR of 7.81% during the forecast period (2021 – 2030), The market was valued at USD 5.73 billion in 2020. Because Cross-Linked Polyethylene is widely used in the pipes & in the plumbing industry. These Polyethylenes are the replacement of the traditional materials like copper, galvanized steel, PVC piping, owing to their rusting and cost of circulation.
Polymers are super flexible, so it is easily replaceable with the copper pipes and tubes. In addition to this, it is way cheaper, acts as a resistance to corrosion & is largely useful in the temperature range.
With respect to the Covid-19, and strict Impositions of rules and regulations by the government, the tier 1 and tier 2 companies, those who were involved with the Cross-Linked polyethylene market in the production department, were completely forced to shut down their activities. Which resulted in the stoppage of production, shortage of workers and disruption of logistics in several PEX producing countries. For the forecasted period, as per the prediction of the experts, The demand for PEX in the medical & healthcare industry will fuel the market.
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Regional analysis
The Cross-Linked Polyethylene Market would be dominated by the Asia Pacific. For the reason being the rise in the infrastructure activities specially in the developing nations like India and China. Another region, that is Europe, is accounted to have a moderate growth. This is due to a rise in the demand from the automotive sector, specially for thermal insulation, interior parts, gaskets & seals. Lastly, North America is expected to share a very small market share, this is also due to the reasonable demand of the wires & cables in the US market.
Market Segmentation
The market has been broadly segmented into 3 segments – on the basis of Type, Technology & Application. On the basis of Type, the market is split between High Density Polyethylene, Medium-Density Polyethylene & Low Density Polyethylene. Out of this, the High density segment is anticipated to occupy the largest market share. Based on Technology, the market is divided into Peroxide Method, Silane Grafting Method & Electron Beam Processing. Here, the Peroxide segment will hold the large market share. Lastly, on the basis of Application, it’s been Segmented into Plumbing, Wires & Cables, Medical, Chemical and Automotive. The sub-segment wires & cables will show the maximum growth.
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Report Attribute/Metric |
Details |
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Market Size |
2030: USD 10.27 Billion |
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CAGR |
7.81%(2021-2030) |
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Base Year |
2020 |
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Forecast Period |
2020-2030 |
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Forecast Units |
Value (USD Billion) |
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Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
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Segments Covered |
Type, Technology, Process and Region |
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Geographies Covered |
North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
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Key Vendors |
Borealis AG (Austria), Solvay (Belgium), LyondellBasell Industries Holdings B.V. (The Netherlands), PolyOne Corporation (US), Exxon Mobil Corporation (US), 3H VINACOM CO., LTD (Vietnam), Falcone Specialities AG (Switzerland), HDC HYUNDAI EP COMPANY (South Korea), SACO AEI Polymers (US), SANKHLA POLYMERS PVT LTD (India), SILON s.r.o. (Czech Republic), Charloma Inc (US) |
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Key players
Key players which have been highly involved in the manufacturing of the Cross-Linked Polyethylene Markets include Borealis AG (Austria), Solvay (Belgium), LyondellBasell Industries Holdings, B.V. (The Netherlands), PolyOne Corporation (US), Exxon Mobil Corporation (US), 3H VINACOM CO. LTD (Vietnam),
Falcone Specialities AG (Switzerland), HDC HYUNDAI EP COMPANY (South Korea), SACO AEI Polymers (US), SANKHLA POLYMERS PVT LTD (India), SILON s.r.o. (Czech Republic) & Charloma Inc (US)
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