Press release
Cross-Linked Polyethylene Market worth US$ 10.8 Billion 2029 with a CAGR of 7.5 %
Cross-Linked Polyethylene Market
Report link:
https://www.prophecymarketinsights.com/market_insight/Global-CrossLinked-Polyethylene-Market-By-461
Cross-Linked Polyethylene market demand:
Plumbing Applications:
PEX is widely used in plumbing systems for residential, commercial, and industrial applications. Its flexibility, ease of installation, and resistance to corrosion have made it a popular choice for replacing traditional materials such as copper and PVC in water supply lines.
Radiant Heating Systems:
PEX tubing is commonly employed in radiant floor heating systems. The flexibility of PEX allows for easy installation in concrete slabs or beneath flooring, providing an efficient and even distribution of heat. The demand for energy-efficient and comfortable heating solutions has contributed to the increased use of PEX in this application.
Infrastructure Development:
As countries invest in infrastructure development, the demand for reliable and cost-effective materials for water and gas distribution systems is on the rise. PEX's durability, resistance to chemical corrosion, and longevity make it a preferred choice in these applications.
Wire and Cable Insulation:
PEX is used as an insulation material for wire and cables. Its excellent electrical properties, resistance to high temperatures, and flame-retardant characteristics make it suitable for various electrical and communication applications.
Key Market Insights from the report:
The global cross-linked polyethylene market accounted for US$ 5.6 billion in 2020 and is projected to register a moderate CAGR of 7.5 % over the forecast period. The market report has been segmented on the basis of process, technology, type, application, and region.
By process, the global cross-linked polyethylene market is segmented into physical and chemical process.
By technology, the global cross-linked polyethylene market is segmented into peroxide, silane grafting, and electron beam.
By type, High density polyethylene (HDPE) segment account major significant share in global cross-linked polyethylene market owing to the high tensile strength and excellent resistance to abrasive wear.
By application, plumbing is largest segment of application of global cross-linked polyethylene market Owing to its widespread adoption in industrial segment owing to its corrosion, stress and abrasion resistance properties.
By region, Asia Pacific region expected to account major share in global cross-linked polyethylene market owing to growing demand for plumbing in this region due to growing population, increased urbanization and commercial sector.
The prominent player 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.
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