Cross-Linked Polyethylene Market By Process (Physical and Chemical Process), By Technology (Peroxide, Silane Grafting, and Electron Beam), By Type (High Density Polyethylene (HDPE), Low Density Polyethylene (LDPE), and Others), By Application (Plumbing, Wires and Cables, Automotive, and Others), and By Region - Trends, Analysis and Forecast Till 2030

Cross-linked polyethylene market accounted for USD 5.34 Billion in 2020 and is estimated to be USD 9.72 Billion by 2030 and is anticipated to register a CAGR of 6.2%.

Polyethylene is plastic available at low cost that can be reused due to its thermoplastic nature. Cross-linking of polyethylene helps to enhance its thermal resistance and transforming from thermoplastic to thermosetting plastic.Cross-linked polyethylene pipes are an efficient alternative which is not resistant to moisture, acids, and salts. Further the polyethylene is easier to install and provide superior performance. Plumbing is one of the largest applications of cross-linked polyethylene and is also used in wires and cables, due to its property of insulation.

Increasing demand of cross-linked polyethylene

Plumbing is estimated to be the largest application of cross-linked polyethylene. The increasing demand of plumbing as a basic necessity drives growth of the global cross-linked polyethylene market. Further, the increasing demand for cross-linked polyethylene from end-use industries such as mining, solar, and chemical industries also fuels the growth of global cross-linked polyethylene market. The significant development in the automobile segment due to the rise in electric vehicles usage will augment the cross-linked polyethylene market. Growing demand for cross-linked polypropylene foams in wires & cables and automotive activates is expected boost the growth of cross-linked polyethylene market over forecast period. Easy installation and flexibility over traditional materials are factors, which fuel the growth of the global cross-linked polyethylene market. Moreover, low cost of cross-linked polyethylene enhances the global cross-linked polyethylene market growth. However, safety issues regarding pipes and plumbing failure are restraining factors for global cross-linked polyethylene market.

This report segments the global cross-linked polyethylene market on the basis of process, technology, type, application, and region.

 On the basis of process, the global cross-linked polyethylene market has been segmented into physical and chemical process. Based on technology, segments of the global cross-linked polyethylene market are peroxide, silane grafting, and electron beam. On the basis of type segment, the global cross-linked polyethylene market is divided into high density polyethylene (HDPE), low density polyethylene (LDPE), and others. High density polyethylene (HDPE) was the largest type of cross-linked polyethylene in owing to the high tensile strength and excellent resistance to abrasive wear. Based on application, the global cross-linked polyethylene market has been segmented into plumbing, wires and cables, automotive, and others. Plumbing is anticipated to be the largest application of cross-linked polyethylene.

Regional Insights:

The global cross-linked polyethylene market accounted for US$ 5.34 billion in 2020 and is estimated to be US$ 9.72 billion by 2030 and is anticipated to register a CAGR of 6.2%. For detailed understanding of market dynamics, the global cross-linked polyethylene market is analyzed across key regions viz North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. Each of these regions is analyzed on the basis of market findings across major countries in these regions for a macro-level understanding of the global cross-linked polyethylene market. The market in Asia Pacific estimated to account major share in global cross-linked polyethylene market. The growing demand for plumbing in Asia Pacific due to growing population, increased urbanization and commercial sector is expected to drive the growth of the global cross linked polyethylene market over the forecast period.  China is the largest market for cross-linked polyethylene in this region, and occupied a major share of the market in terms of value. The growing construction sector, rising R&D activities initiated by major players, and the ease of availability of raw material are the key factors responsible for growth of cross-linked polyethylene in China. Moreover, steady growth in the construction expenditure in emerging countries such as, India, Vietnam, Indonesia, and Thailand, and increased investments in industrial and public infrastructure are the factors increases Asia-Pacific region target market. For instance, according to India Brand Equity Foundation (IBEF), in March 2017, the Indian government plans to invest US$ 376.53 Bn in infrastructure development over the following three years.

Report Scope:

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the global cross-linked polyethylene market report based on process, types, application, technology and region.

Cross-linked Polyethylene Market, By Region:

• North America
  • Middle East & Africa
    • GCC
    • Israel
    • South Africa
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Italy
    • Rest of Europe
  • U.S.
  • Canada

Some of the prominent players operating in the global cross-linked polyethylene market include ExxonMobil Chemical Company, Inc., LyondellBasell Industries, 3H Vinacom Co., Ltd, Hanwha Chemicals, Arkema Group, AkzoNobel N.V., Falcone Specialities AG, Borealis AG, Saco Polymers Inc ., and PolyOne Corporation. Advancements in the product as well as product launches, and strategic partnerships are some trends witnessed in the global cross-linked polyethylene market. For instance, in June 2019, Esso will launch a new loyalty offering with Nectar allowing customers to collect Nectar points on purchases at Esso service stations.

• ExxonMobil Chemical Company, Inc.
• LyondellBasell Industries
• 3H Vinacom Co., Ltd
• Hanwha Chemicals
• Arkema Group
• AkzoNobel N.V.
• Falcone Specialities AG
• Borealis AG
• Saco Polymers Inc.
• PolyOne Corporation