Cross-Linked Polyethylene Market | Key players: Borealis AG, The Dow Chemical Company, ExxonMobil Chemical Company, Inc, LyondellBasell Industries N.V., PolyOne Corporation, Arkema Group, AkzoNobel N.V., 3H Vinacom Co. Ltd, Falcone Specialities AG, and Ha

According to recent research "Cross-Linked Polyethylene Market by Type (High Density Polyethylene (HDPE), Low Density Polyethylene (LDPE)), Application (Plumbing, Wires & Cables, Automotive), Region - Global Forecast to 2026", published by MarketsandMarkets™, The global cross-linked polyethylene market was valued at USD 4.76 Billion in 2015 and is projected to reach USD 9.43 Billion by 2026, at a CAGR of 6.42% from 2016 to 2026.

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Cross-linked polyethylene is a thermosetting polymer derived from polyethylene with three-dimensional networks of cross-link bonds formed by joining together polyethylene chains. Cross-linked polyethylene is majorly used for the manufacture of pipelines and sewage systems, wires & cables, flame retardants, and for hip replacements. The outstanding mechanical strength, easy installation procedure, capability of enduring elevated temperatures, and resistance to corrosion, cracks, and stress has led to its widespread use in the plumbing and automotive applications. The global cross-linked polyethylene market has broadly been segmented on the basis of types such as, High Density Polyethylene (HDPE), low density polyethylene, and others which include Linear Low Density Polyethylene (LLDPE), Ethylene Vinyl Acetate (EVA), and Polyolefenic Elastomers (POE). High Density Polyethylene (HDPE) is the largest segment in the global cross-linked polyethylene market owing to its usage in pipes and tubing, which constitute a major application in the plumbing industry. Cross-linked LDPE (XLPE) is widely used in wires and cables to provide insulation, owing to its excellent dielectric properties. The cross-linked polyethylene market is projected to grow at a CAGR of 6.42% during the forecast period 2016 to 2026, in terms of value to reach USD 9.43 billion by 2026.

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The key companies manufacturing cross-linked polyethylene were mainly involved in the new product launches and developments strategy to strengthen their positions in the market from 2012 to 2016, accounting for a 57.1% share. The major players were actively participating in bringing the innovative and diversified products to the market to cater to customer needs, while the smaller companies concentrated more on the expansions of their production and distribution facilities between 2011 and 2016
Expansion was the second-most preferred growth strategy by manufacturers, and accounted for 21.4% of the total development strategies in the global cross-linked polyethylene market between 2011 and 2016.

Major manufacturers such as, Borealis AG (Austria), The Dow Chemical Company (U.S.), ExxonMobil Chemical Company, Inc (U.S.), LyondellBasell Industries N.V. (Netherlands), PolyOne Corporation (U.S.), Arkema Group (France), AkzoNobel N.V. (Netherlands), 3H Vinacom Co., Ltd (Vietnam), Falcone Specialities AG (Switzerland), and Hanwha Chemical (South Korea), among others are profiled in this report. These companies have adopted various organic and inorganic growth strategies such as, new product launches/developments, agreements & joint ventures, expansions, and mergers & acquisitions.

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Borealis AG (Austria) as a part of the IPIC FAMILY is the key leader and contributor to the growth of the global cross-linked polyethylene market. It accounted for a 10.2% share of the total cross-linked polyethylene market in 2015. The company grew extensively during the last few years. In October 2016, the company introduced a concept in flexible plastic packaging, the Full PE Laminate solution. Proprietary Borstar Bimodal Polyethylene (PE) technology in combination with the Machine Direction Oriented (MDO) processing technology developed this new mono material solution that offered a second life to PE-based packaging products used in the flexible packaging industry. This helped the company to broaden its product portfolio. The company made expansions by establishing the world’s largest ethane cracker, one Polypropylene (PP) and two Polyethylene (PE) plants in April 2014, under the Borouge 3 mega-project. This expansion helped the company to increase its HDPE and LDPE production capacities, gaining a major share in the global cross-linked polyethylene market.

The Dow Chemical Company (U.S.) is another major player that has established a strong foothold in the global cross-linked polyethylene market. The company has a broad and diversified cross-linked polyethylene portfolio, ensuring its consistent growth in the market. The company is focused on both, organic and inorganic growth strategies. It has enhanced its product portfolio with various growth strategies such as mergers & acquisitions and new product launches/developments. The company acquired ExxonMobil Chemical Company’s (U.S.) ownership share of Univation Technologies, LLC (U.S.) which helped the company to become a leading technology licensor in the worldwide polyethylene industry. Moreover, the company also introduced the low density polyethylene XUS59900.99, a polymer that has been developed based on Dow’s proprietary INSITETM technology, as a part of its new product launch /development strategy. It helped the company to cater to the growing demand for plastic and polyethylene products in the Asia-Pacific region.

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