Cross-Linked Polyethylene Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

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Cross-Linked Polyethylene Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

Status : March, 2020 | Chemical & Materials | PPT format

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Global Cross-Linked Polyethylene Market: Snapshot

Cross-linked Polyethylene (XLPE) is derived from polyethylene and with a 3D molecular bond, which is formed within the plastic’s structure. This molecular helps improving the overall characteristics such as abrasion, stress and chemical resistance, and heat deformation. A majority of XLPE used in tubing or piping is obtained from high-density polyethylene. Because XLPE contains cross-linked bonds within the polymer structure, it can change a thermoplastic into a thermoset.

It is important to note here that cross-linking is achieved during or post extrusion of the tubing. Cross-linking is done to improve the elevated temperature characteristics in base polymer. The process that XLPE undergoes enables it to bend into a wide-radius turn or accommodate turns with the help of elbow joints. On back of its flexible properties, cross-linked polyethylene has become one of the leading contenders for use in residential water plumbing.

Direct routing of pipes is possible as well using cross-linked polyethylene. XLPE has properties that enable it run across a distribution point to an outlet fixture. Splicing or cutting the pipe is not required for this. Furthermore, direct routing helps in reducing the need for costly joints. Other benefits offered by cross-linked polyethylene include easier installation, improved water pressure at fixtures, negated fire risk during installation, ability to merge XLPE with existing PVC and copper systems, improved longevity, and other environmental benefits.

However, it still has problems with yellow brass fitting. Also concerns relating to degradation from sunlight are yet to be resolved.

Global Cross-Linked Polyethylene Market: Overview

Polyethylene is a commodity plastic that is available at low cost and is easy to process. Due to its thermoplastic nature, it cannot be reprocessed repeatedly; hence crosslinking is required to retain its desirable properties, especially at high temperatures. This process changes the nature of polyethylene from thermoplastic to thermoset, making it more durable.

The cross-linked polyethylene market can be broadly classified on the basis of type into high density polyethylene (HDPE), low density polyethylene (LDPE), ethylene vinyl acetate (EVA), polyolefenic elastomer (POE), and others such as linear low density polyethylene (LLDPE). Based on application, the market may be segmented into wires and cables, automotive, plumbing, and others, including dental, groundskeeping, medical, and sports.

This report offers an in-depth analysis of market segments and the competitive landscape. The report also profiles major competitors in the global cross-linked polyethylene market based on various attributes such as company overview, SWOT analysis, product portfolio, financial overview, business strategies, and recent developments.

Global Cross-Linked Polyethylene Market: Key Trends

On the basis of type, high density polyethylene (HDPE) is a prominent segment of the cross-linked polyethylene market. Cross-linked HDPE has high demand due to its thermosetting nature, which offers better mechanical strength and greater stress crack resistance in comparison to traditional HDPE. Besides this, cross-linked HDPE is expansively used in the production of pipes and tubings to transport gases and cold/hot water and its low cost makes it a rapidly growing segment of the cross-linked polyethylene market. Apart from this, cross-linked HDPE delivers resistance to corrosion, abrasion, cracks, and stress because of its high tensile strength due to intensive cross-linking. On the other hand, high insulation properties of low density cross-linked polyethylene make them ideal for use in cables and wires.

In terms of application, plumbing currently accounts for a major share in the market for cross-linked polyethylene. It is used in the construction of water transmission systems and sewer systems. The increasing investment in construction activities, plus several water infrastructure ventures being undertaken by emerging economies, is anticipated to drive market growth.

The automotive industry is also assisting the growth of the cross-linked polyethylene market. For transmission and power distribution channels, cross-linked polyethylene are being heavily used to manufacture battery cables and automobile parts. The demand is expected to grow further due to the increase in hybrid and electronic cars.

However, the risk of plumbing disasters and several safety issues are limiting the growth of the global cross-linked polyethylene market.

Global Cross-Linked Polyethylene Market: Regional Overview

On the basis of geography, the cross-linked polyethylene market can be segmented into North America, Asia Pacific, Latin America, and the Middle East and Africa. In terms of value and volume, Asia Pacific is slated to witness impressive growth in the market for cross-linked polyethylene over the course of the forecast period. The key factor driving the growth in this region is the large amount of investments made by companies, particularly in the automotive sector. In addition, strong industrial base in the construction sector and several production facilities are being shifted to emerging economies in the region, hence augmenting its growth.

Global Cross-Linked Polyethylene Market: Key Market Players

Some of the prominent key players in the global cross-linked polyethylene market are AkzoNobel N.V., The Dow Chemical Company, ExxonMobil Chemical Company, Inc., Borealis AG, LyondellBasell Industries, PolyOne Corporation, Arkema Group, 3H Vinacom Co., Ltd, Falcone Specialities AG, and Hanwha Chemicals.

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.

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