Cross-Linked Polyethylene Market To Hit Value .60 Billion By 2025Posted by Mrudula Anil Karmarkar on February 15th, 2021 According to a recent report published by Grand View Research Inc., the growing demand for plumbing products in the manufacturing sector is expected to propel the market growth in the coming years. According to a report, “Cross-Linked Polyethylene Market Size, Share & Trends Analysis Report, By Type (LDPE, MDPE, HDPE), By Production Technology, By Application, By Region, And Segment Forecasts, 2019－2025”, the global market size is expected to expand at USD 8.60 Billion by 2025. The growing demand for wires and cables in the residential and commercial sectors are the key factors to have a significant effect on the market growth. The growing demand for durable products for cabling is expected to assist the market growth in the forthcoming years. Cross-linked polyethylene is widely used in the pipe and plumbing industry due to their anti-rusting and cost effective features. The cross-linking polyethylene cable helps in fixing plumbing issues and result in high efficiency. The global COVID-19 pandemic has led to a sudden pause to manufacturing activities across the globe, affecting the demand for plastics and also production & processing of them. The most critically impacted end-use segments of the plastics industry include automotive & transportation, consumer goods, industrial equipment, construction, and electronics. The report will account for Covid19 as a key market contributor. Cross-linked polyethylene (PEX) can be used as an insulation material in wires and cables due to their insulating properties and tensile strength. PEX have gained a huge traction in terms of demand based on their features for energy and data communications. In terms of commercial aspect, the demand for PEX products is getting supported by rise in urbanization and infrastructural activities in the forthcoming years. Cross-Linked Polyethylene Market Report Highlights: 1. Peroxide production technology segment wields maximum share in the global cross-linked polyethylene market by the end of 2018. Plumbing products which are made up of peroxide cross-linking have better performance, such as thermal shock resistance and creep resistance as compared to the products made by other methods such as silane grating and electron beam processing. 2. Plumbing was the prominent application segment in 2018 and accounted for 52.7% of global market value. Asia-Pacific, spearheaded by China accounted for maximum share in the market across the globe and is expected to continue its dominance over the coming years. 3. Capacity expansions and acquisitions are some of the strategies adopted by the prominent manufacturers in order to enhance their presence in the market as well as to expand their existing product portfolio. 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. Some of the key players involved in the manufacturing of cross-linked polyethylene include 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, and Hanwha Chemical. Have a Query? Ask Our Expert: https://www.grandviewresearch.com/inquiry/6712/ibb Grand View Research has segmented the global cross-linked polyethylene market based on type, production, technology, application, and region:
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