Cross-linked Polyethylene Market To Reach $13.0 Billion By 2030

Cross-linked Polyethylene Market Growth & Trends

The global cross-linked polyethylene market size is anticipated to reach USD 13.0 billion by 2030, according to a new report by Grand View Research, Inc. The market is projected to grow at a CAGR of 6.9% from 2024 to 2030. Increasing demand from wires and cable insulation sector and plumbing products manufacturing is likely to boost the market growth. Cross-linked polyethylene based plumbing products utilized in hot water supply system are required for their high creep resistance & mechanical strength at high temperature

Cross-linked polyethylene is most commonly utilized in plumbing and wires and cable insulation industry supported by their mechanical as well as chemical properties such as enhancement of chemical and oil resistance in at elevated temperatures, high tensile strength, impact resistances and elongation and impact resistance, etc. Availability of alternative materials such as polypropylene pipe, corrugated stainless steel tubings, aluminium plastic composite for plumbing application may impact the demand of cross-linked polyethylene over the coming years

The PEX market is segmented based on type into high density polyethylene (HDPE), Medium density polyethylene (MDPE) and low density polyethylene (LDPE). HDPE was the largest segment and accounted for 48.4% of the global revenue in year 2018. Cross-linked HDPE provides two advantages as compared to its alternatives which include improved heat resistance and oil resistance, which can be useful for wire and cable insulation and jacketing application

Increasing demand for reliable, efficient energy and data communications will strengthen the demand for wires and cables which in turn is expected to push the consumption growth of cross-linked polyethylene over the forecast years

Growing demand for wires and cables across Asia-Pacific region supported by growing urbanization and infrastructural activities is expected to push the demand for cross-linked polyethylene over the coming years

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Cross-linked Polyethylene Market Report Highlights

• The HDPE type segment dominated the market and accounted for a share of 49.2% in 2023 pertaining to HDPE’s superior properties, such as high tensile strength, resistance to corrosion, and durability under extreme conditions.

• The MDPE type segment is projected to grow at a CAGR of 6.6% over the forecast period from 2024 to 2030. MDPE offers a balance between the properties of HDPE and LDPE, providing moderate tensile strength and flexibility.

• The plumbing application segment dominated the market with a market share of 52.5% in 2023, driven by the widespread adoption of PEX pipes in both residential and commercial plumbing systems.

• Asia Pacific dominated the market with a 49.6% revenue share in 2023. This dominance is expected to continue as a result of ongoing expansion of sewer systems, natural gas production units, and pipelines.

Cross-linked Polyethylene Market Segmentation

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

Cross-linked Polyethylene Type Outlook (Volume, Kilo Tons, Revenue; USD Million, 2018 - 2030)

• LDPE

• MDPE

• HDPE

Cross-linked Polyethylene Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2018 - 2030)

• Wires and Cables

• Automotive

• Plumbing

• Medical

• Others

Cross-linked Polyethylene Regional Outlook (Volume, Kilo Tons, Revenue; USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

  • Italy

  • Spain

  • The Netherlands

• Asia Pacific

  • China

  • India

  • Japan

  • South Korea

• Latin America

  • Brazil

  • Argentina

• Middle East and Africa (MEA)

  • South Africa

  • Saudi Arabia

  • UAE

List Of Key Players in the Cross-linked Polyethylene Market

• Dow

• LyondellBasell Industries Holdings B.V.

• Avient Corporation.

• Arkema

• Exxon Mobil Corporation.

• Borealis AG

• Armacell.

• Hanwha Solutions Chemical Division Corporation.

• Solvay

• POLYROCKS CHEMICAL CO., LTD.

• Ankit Polymers.