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Cross-Linked Polyethylene Market Expected To Grow At A Highest CAGR Over The Forecast Timeframe

Author : Rahul Varpe | Published Date : 2019-06-14 

Global Cross-Linked Polyethylene Market Report provides complete industry analysis, market outlook, size, growth, opportunities and forecast 2023. This report will assist in analyzing the current and future business trends, sales and revenue forecast. It provides top manufacturers information along with Manufacturing Cost Analysis, Industrial Chain, Sourcing Strategy and growth.

Growing automotive industry along with increasing application of plastic pipes in the solar industry, will further augment the product penetration. In addition, the popularity of PEX pipes is increasing over traditional copper tubes in plumbing applications which is enhancing the market growth. This is due to PEX pipes are an inexpensive substitute for PVC pipes that offer flexibility during installation and can effectively handle water pressure at joints in residential water distribution system.

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Increasing demand for efficient plumbing systems, radiant heating systems along with shifting economic & demographic trends will drive the cross-linked polyethylene market. Growing construction spending to support the rising population is surging the demand for cross-linked polyethylene (PEX) market.

HDPE dominated the overall industry and expected to witness growth over the forecast period owing to the high tensile strength and excellent resistance to abrasive wear. It find applications in various industrial and domestic plumbing services. HDPE can resist varying temperature conditions and is cost-effective thus, making it preferred for use in the production of pipes.

Chemical process segment accounted for over 80% of the market share by 2024. In this method, initiators or chemicals are used to generate free radicals which result in cross-linking. This process is more preferred owing to factors including the ability to crosslink at room temperature, low cost and obtaining higher gel percentage as compared to physical cross-linking.

Asia Pacific is projected to exceed USD 3 billion by 2024. Factors such as growing demand for plumbing in the region owing to increased urbanization in the commercial sector are expected to drive the market growth. China is the largest market in the region owing to rising R&D activities, easy availability of raw materials, and rising development strategies to meet the market demand in this region.

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Global cross-linked polyethylene market is highly fragmented owing to the presence of several market players. Key industry participants are Dow Chemical Company, ExxonMobil, Borealis, PolyOne, Arkema, AkzoNobel, Hanwha Chemical, and 3H Vinacom. Other significant participants in the industry include Falocne Specialities, Kkalpana, Hyundai EP Kanoo, Saco Polymers, Polylink Polymers, Lyondellbasell, Silon, Polyone, Zimme, and Vanderbilt Chemicals are expected to upgrade their existing production capacity and implement innovative solutions through investments in R&D and accomplish a competitive advantage.
 

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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