Cross-Linked Polyethylene Market Worth $8.60 Billion By 2025 Due To Growing Demand For Plumbing Products In The Manufacturing Sector | Grand View Research, Inc.

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Cross-Linked Polyethylene Market Worth $8.60 Billion By 2025 Due To Growing Demand For Plumbing Products In The Manufacturing Sector | Grand View Research, Inc.

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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 market growth in the coming years.

the global cross-linked polyethylene 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. 

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.

U.S. cross-linked polyethylene market size, by type, 2014 - 2025 (USD Million)

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. 

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Grand View Research has segmented the global cross-linked polyethylene market based on type, production, technology, application, and region:

  • Cross-Linked Polyethylene Type Outlook (Volume, Kilotons; Revenue, USD Million; 2014－2025)

    • Low Density Polyethylene (LDPE)

    • Medium Density Polyethylene (MDPE)

    • High Density Polyethylene (HDPE)

  • Cross-Linked Polyethylene Production Technology Outlook (Volume, Kilotons; Revenue, USD Million; 2014－2025)

  • Peroxide

  • Silane Grafting

  • Electron Beam Processing

  • Cross-Linked Polyethylene Application Outlook (Volume, Kilotons; Revenue, USD Million; 2014－2025)

  • Wires and Cables

  • Automotive

  • Plumbing

  • Medical

  • Others

  • Cross-Linked Polyethylene Regional Outlook (Volume, Kilotons; Revenue, USD Million; 2014－2025)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

  • Germany

  • U.K.

  • France

  • Italy

  • Asia Pacific

  • Japan

  • China

  • India

  • South Korea

  • Central and South America

    • Brazil

    • Argentina

  • Middle East & Africa

  • Saudi Arabia

  • South Africa

List of Key Players of Cross-Linked Polyethylene Market

  • 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
  • Hanwha Chemical.

Have Any Query? Ask Our Experts for More Details on Report:https://www.grandviewresearch.com/inquiry/6712/ibb

Browse Related Report @

Ultra-High Molecular Weight Polyethylene Market – https://www.grandviewresearch.com/industry-analysis/ultra-high-molecular-weight-polyethylene-market

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