Global PEX (Crossed-Linked Polyethylene) Market, By Process (Chemical, Physical), By Technology (Per

Published Date: | Report Code : MT1958270

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Growing demand from end-use industry applications in developing regions and promotion of application specific grades by companies is expected to drive the PEX (Crossed-Linked Polyethylene) Market during the forecast period. This market has witnessed number of key developments in terms of application specific grade developments and strategic investments in emerging regions by companies to strengthen their market position in the global market. Some of the other key factors governing the market dynamics include regulatory scenario, exchange rates, environmental constraints, and so on. All these factors are expected to have a significant impact on the dynamics of Global PEX (Crossed-Linked Polyethylene) Market during the forecast period.

Polyethylene cross-linking outcomes in a polymer that displays elevated molecular weight that enhances the polymer's impact strength, abrasion resistance, and resistance to environmental stress cracking (ESCR) without substantially changing its tensile strength and density. Cross-linked polyethylene is usually accessible in the forms of pipe, tube, wire and cable. Most pipes and tubing are obtained from HDPE cross-linking, while wires and cables are purchased from LDPE cross-linking. 
The growing demand from the energy, communication, and automotive industries for PEX wires & cables is the main factor driving worldwide demand for PEX over the forecast era. PEX is also used in various applications, such as construction of pipelines and tube systems, hydronic radiant heating and cooling systems.

HDPE is estimated to be the fastest growing PEX type. HDPE is anticipated to show a slight rise in demand relative to LDPE due to its superior characteristics such as elevated tensile strength and crack and deformation resistance caused by internal variables such as temperature, stress / strain and climate change. Furthermore, the rising demand for HDPE in developing countries worldwide owing to the steady growth in construction spending and improved investments in the industrial and public infrastructure are the key factors responsible for market growth.

It is projected that PEXa technology will lead to the PEX industry in the days to come. It is the most frequently used PEX manufacturing technology as it provides the highest and most uniform degree of cross-linking. PEXa has many benefits such as enhanced stress cracking resistance, reasonable weather resistance, enhanced chemical resistance, and superb degradation stability. These characteristics are important for cable insulation and pipe applications, driving demand for PEXa technology.

The implementation of wires & cables is expected to guide the PEX industry in the near future. PEX is widely used in energy wires of all voltage ranges as an electrical insulation, although it is more suitable for small and medium voltage applications. In the wires & cables implementation, this is probable to drive the PEX industry. PEX is the most popular polymer insulation material that is weather, heat, and moisture resistant. It provides better protection for copper cables to securely and effectively transfer energy. Therefore, the increasing demand from these apps for wires & cables is anticipated to drive the PEX industry.

Key Factors Impacting Market Growth:
    • Growing need for solar plastic pipes
    • Higher properties than conventional materials
    • Growing demand in the automotive and packaging industries

Regional Outlook 

By region, Global PEX (Crossed-Linked Polyethylene) market has been segmented in North America, Europe, Asia pacific, Middle East, and Rest of the World. The North America and Western Europe regions are estimated to register a stable demand during the forecast period with market recovery from recent slowdowns. North America region includes US, Canada, and Mexico. US is estimated to dominate this market with a sizeable share followed by Canada, and Mexico. Industrial sector is a major contributor US and Canada economies overall. Hence, the supply of advanced materials in production activities is critical to the overall growth of industries in this region. Western Europe region is dominated by Germany, UK, France, Italy, and Spain. These countries also have a strong influence of the industrial sector resulting in sizeable demand for Global PEX (Crossed-Linked Polyethylene) market.  

Asia Pacific is estimated to register highest CAGR by region during the forecast period. Presence of some of the high growth economies such as China and India is expected to propel the demand in this region. In addition, this region has witnessed strategic investments by major companies to increase their market presence. Middle East and Eastern Europe are estimated to be other key regions for PEX (Crossed-Linked Polyethylene) market with a strong market potential during the forecast period. Rest of the World consisting of South America and Africa are estimated to be emerging markets during the forecast period. 

Companies Covered: The Dow Chemical Company, Borealis, Solvay, LyondellBasell, ExxonMobil Corporation, PolyOne Corporation, 3H Vinacom Co., Falcone Specialities, Hanwha Chemical Corporation, and HDC Hyundai EP…

Market Segmentation:

By Process:
    • Chemical
    • Physical

By Technology:
    • Peroxide
    • Silane Grafting
    • Electron beam

By Application:
    • Plumbing
    • Wires & cables 
    • Automotive
    • Medical
    • Chemical industry
    • Others

By Region:

    • North America
        ◦ By Country (US, Canada, Mexico)
        ◦ By Type
        ◦ By Application

    • Western Europe:
        ◦ By Country (Germany, UK, France, Spain, Rest of Western Europe)
        ◦ By Type
        ◦ By Application

    • Eastern Europe:
        ◦ By Country (Russia, Turkey, Rest of Eastern Europe)
        ◦ By Type
        ◦ By Application

    • Asia Pacific
        ◦ By Country (China, Japan, India, Rest of Asia Pacific)
        ◦ By Type
        ◦ By Application

    • Middle East:
        ◦ By Country (UAE, Qatar, Iran, Saudi Arabia, Rest of Middle East)
        ◦ By Type
        ◦ By Application

    • Rest of the World
        ◦ By Region (Latin America, Brazil, Rest of the World)
        ◦ By Type
        ◦ By Application

Reasons To Buy This Report:

    • Market size estimation of the PEX (Crossed-Linked Polyethylene) market on a regional and global basis 
    • Unique research design for market size estimation and forecast 
    • Profiling of major companies operating in the market with key developments
    • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:
    • By Segment 
    • By Sub-segment 
    • By Region/Country
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