Global Cross-linked Polyethylene Market Insights, Opportunity Analysis, and Industry Forecast till 2025

 

Cross-linked Polyethylene Market
Cross-linked Polyethylene Market 

Because of its thermosetting nature, high mechanical strength, and improved stress crack resistance, cross-linked HDPE is outpacing raw HDPE in popularity. Cross-linked HDPE can also be produced inexpensively, which makes it popular in domestic and commercial plumbing services. As a result, the market for cross-linked polyethylene is expanding globally, a trend that is anticipated to continue over the course of the forecast period.

In terms of revenue and volume, Asia Pacific led the world cross-linked polyethylene market in 2016, followed by North America and Europe. This trend is anticipated to continue over the next few years. In terms of volume, Asia Pacific had a 47.68% share in 2016. Over the course of the forecast period, the global cross linked polyethylene market is anticipated to grow as a result of the rising demand for plumbing in Asia Pacific as a result of rising population, increased urbanisation, and the commercial sector. Growing urbanisation and rising construction activity, particularly in developing nations like China, India, and other Latin American nations, is a significant driver of the demand for efficient plumbing solutions and, as a result, of the expansion of the cross-linked polyethylene market.

In terms of applications, plumbing dominated the global cross-linked polyethylene market in 2016 and is predicted to continue dominating during the forecast period. Traditional plumbing materials like copper and PVC do not function well in hot environments or when heavily chlorinated water is passed through them repeatedly. Manufacturers of cross-linked polyethylene should take advantage of this important and highly profitable growth area. In order to implement cross-linked polyethylene (PEX) pipes for the supply of chlorinated water and for radiant heating applications, various market players are concentrating on R&D activities.

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