Cross-Linked Polyethylene Market Size, Emerging Trends, Forecasts, and Analysis 2021-2026

Stratview Research has recently published a report on Cross-Linked Polyethylene Market segmented by Type (High-Density Polyethylene (HDPE), Low-Density Polyethylene (LDPE), and Others), by Technology Type (PEXA, PEXB, and PEXC), by Application Type (Wires & Cables, Plumbing, Automotive, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World). The objective of the market experts at Stratview Research is to conduct a thorough analysis of the ‘Cross-Linked Polyethylene Market’ and put a detailed knowledge about the industry and business attractiveness, revenue, market size, segmentation, growth and restraining factors so that the user gets in depth information about the industry and the business from a past, current and a future perspective and can potentially invest capital for further growth.

Additionally, the report covers a variety of established and emerging start-ups and organisations operating in the industry. As a result, the report provides a comparative analysis by presenting the user with various aspects of the markets discussed in the report.

Covid-19 Analysis –

Nationwide lockdowns have impacted, and halted productions, supply of raw materials sourcing disruption has affected the balance in the supply of finished products. This report aims to cover all the aspects of how the pandemic has affected the business in the Cross-Linked Polyethylene Market and how has the subsequent lockdowns inflamed the industry scenario and what are the areas that needs urgent action and re-planning.

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Segment-wise analysis

The report encompasses in-depth segmentations like regional segmentation, segmentation by product types, application-wise segmentation, geographical segmentation and thereby gives the user an overview of the effectiveness of the segmentation by various classes.

Based on the technology type, the market is segmented as PEXA, PEXB, and PEXC. PEXA is estimated to be the largest technology type of the market during the forecast period. This technology segment is estimated to dominate the market in 2019. It is the most commonly used technology for the production of PEX, offering the highest and the most uniform degree of cross-linking. The advantages of this technology, such as increased resistance to stress cracking, good weatherability, improved chemical resistance, and excellent degradation stability are an important consideration for cable insulation and pipe applications, thereby, stimulating the demand for this technology.

Based on the application type, the market is segmented as wires & cables, plumbing, automotive, and others. Wires & cables is estimated to be the largest application type of PEX, and is likely to lead the PEX market during the forecast period. PEX is extensively used as electrical insulation in power cables of all voltage ranges, though it is more suited for low and medium voltage applications. On account of this, the segment is expected to drive the PEX market in the coming five years.

In terms of regions, Asia-Pacific is estimated to be the largest and fastest-growing PEX market during the forecast period. The market is driven by the region’s rapid industrialization and expanding transmission & distribution lines in the electrical & communication industry, thereby, bolstering the demand for PEX-based wires & cables. Further, the extensive use of XLPE wires in automotive battery cables, wire & cable coating layer, motors, and other high-voltage resistance materials in the Asia-Pacific region is also boosting the PEX market. In addition, the rising residential and non-residential infrastructures in this region are contributing to the construction of pipelines and tubing, which is underpinning the PEX market in the plumbing application. North America and Europe are also expected to offer substantial growth opportunities in the coming five years.

Market Insights

Cross-Linked Polyethylene Market is likely to witness an impressive CAGR of 8.2% during the forecast period. The major drivers contributing to the growth of the PEX market are the automotive and the construction industries in APAC, mainly in India, China, Japan, South Korea, and the Southeast Asian countries.

Key Players in the Cross-Linked Polyethylene Market

Borealis AG Charloma Inc. 3H Vinacom Co., Ltd. Solvay S.A Falcone Specialties AG HDC Hyundai EP Hanwha Chemical Corporation Exxonmobil Corporation Polylink Polymers (India) Ltd. Zhejiang Wanma Macromolecule Material Co., Ltd.

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