Global Cross-Linked Polyethylene Market, By Product (High-Density Polyethylene, Low-Density Polyethylene), Technology (Silane Grafting, Peroxide, Electron Beam), Process (Physical, Chemical), Application (Wires & Cables, Plumbing, Medical, Chemical industry, Automotive), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
The cross-linked polyethylene market is expected to witness market growth at a rate of 6.90% in the forecast period of 2021 to 2028. Data Bridge Market Research report on cross-linked polyethylene market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increase in demand from end user industries is escalating the growth of cross-linked polyethylene market.
The cross-linked polyethylene refers to a thermosetting resin comprising of peroxide cross-linking, silane cross-linking and radiation cross-linking. It is highly utilized in the plumbing industry for the purpose of piping and tubing, packaging, consumer goods and insulation among others. It assists in changing the nature from thermoplastic to thermoset with improved mechanical strength.
The rapid residential growth especially in developing nations acts as one of the major factors driving the growth of cross-linked polyethylene market. The increase in the consumer inclination towards cross-linked polyethylene over HDPE because of its thermosetting nature, high mechanical strength, and better stress crack resistance and rise in the need for plastic pipes in the solar industry accelerate the market growth. The increase in the use of the resin in domestic and industrial plumbing services and increase in demand from sectors such as automotive, packaging and consumer goods among others further influence the market. Additionally, urbanization and industrialization, growth of end user industries and surge in investment positively affect the cross-linked polyethylene market. Furthermore, rise in demand for cross-linked HDPE and rise in electric vehicles usage extend profitable opportunities to the market players in the forecast period of 2021 to 2028.
On the other hand, the safety issues and chances of plumbing failure and fluctuation in raw material prices are expected to obstruct the market growth. The concerns regarding degradation from sunlight and perforation by insects and issues with replacement of PEX by polypropylene pipes are projected to challenge the cross-linked polyethylene market in the forecast period of 2021-2028.
This cross-linked polyethylene market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on cross-linked polyethylene market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Cross-Linked Polyethylene Market Scope and Market Size
The cross-linked polyethylene market is segmented on the basis of product, technology, process and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of product, the cross-linked polyethylene market is segmented into high-density polyethylene and low-density polyethylene.
- On the basis of technology, the cross-linked polyethylene market is segmented into silane grafting, peroxide and electron beam.
- On the basis of process, the cross-linked polyethylene market is segmented into physical and chemical.
- On the basis of application, the cross-linked polyethylene market is segmented into wires & cables, plumbing, medical, chemical industry and automotive.
Global Cross-Linked Polyethylene Market Country Level Analysis
The cross-linked polyethylene market is analyzed and market size, volume information is provided by country, product, technology, process and application as referenced above.
The countries covered in the globally cross-linked polyethylene market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the cross-linked polyethylene market due to the large population, urbanization and growth in the commercial sector within the region. Latin America is expected to witness significant growth during the forecast period of 2021 to 2028 because of the increasing construction activities in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Cross-Linked Polyethylene Market Share Analysis
The cross-linked polyethylene market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to cross-linked polyethylene market.
The major players covered in cross-linked polyethylene market reports are ow, Borealis AG, LyondellBasell Industries Holdings B.V, Exxon Mobil Corporation, KLOTZ AIS GmbH, Polylink Polymers (India) Ltd., Sankhla Plolymers , Solvay, Zimmer Biomet, Charloma Inc., PolyOne Corporation, 3H VINACOM CO., LTD, Hanwha Chemical Corporation, HDC HYUNDAI EP COMPANY, Arkema Group, Vanderbilt Minerals, LLC., and Saco Polymers Inc., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.