Stratview Research in its recent report has offered an overlook of the current Cross-Linked Polyethylene Market scenarios and has also estimated the Cross-Linked Polyethylene Market size to reach grow at CAGR of 8.2%. The insights highlighted in the report are based on data that is carefully collected from reliable sources and is then scrutinized to have a proper analysis.
Not only the report offers the market size but also details about the market segmentation with its share. Stratview Research also extends its research to offer a forecast of the market during the period, to provide the clients with base knowledge of the market and make strategies to have beneficial results ahead.
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Cross-linked Polyethylene is mainly a polyethylene form that has cross-links. It is used in a wide number of places such as hydronic systems, pipework systems, electrical cables, and many others.
Cross-linked Polyethylene is available in different types such as high-density polyethylene, low-density polyethylene, and others. PEXA, PEXB, and PEXC are the technology types of the cross-linked polyethylene.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Based on the type, the market is segmented as High-Density Polyethylene (HDPE), Low-Density Polyethylene (LDPE), and others. The HDPE segment is estimated to lead the market during the forecast period. This growth is attributed to the remarkable combination of properties, which enable HDPE as the ideal material for diverse applications in various industries. The growing demand for products manufactured by using HDPE, owing to the high growth in the construction industry and improved investments in the industrial and public infrastructure in the developing regions of APAC, Europe, North America, South America, and the Middle East & Africa is likely to boost the demand for PEX during the forecast period.
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.
Check out the Table of Contents here:
https://www.stratviewresearch.com/toc/719/cross-linked-polyethylene-market.html
Highlights of the Report:
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.
Some of the major players in the cross-linked polyethylene market are 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., and Zhejiang Wanma Macromolecule Material Co., Ltd.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Cross-Linked Polyethylene Market analysis report discusses the following heads in great detail:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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