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Cross-linked Polyethylene (PEX) Market to Reach US$ 13.9 Billion by 2031, Growing at 7.8% CAGR, Driven by Rising Demand in Plumbing, Wires & Cables, and Automotive Applications | DataM Intelligence
According to DataM Intelligence, the global Cross-linked Polyethylene (PEX) market reached US$ 7.6 billion in 2023 and is expected to reach US$ 13.9 billion by 2031, growing at a CAGR of 7.8% during the forecast period 2024-2031. This growth is propelled by increasing adoption of PEX in flexible plumbing systems, expanding use in wires & cables for improved insulation and durability, rising demand in automotive and medical applications, advancements in peroxide, silane grafting, and electron beam technologies, strong growth in construction and infrastructure projects, and superior properties such as high-temperature resistance, chemical stability, and corrosion resistance.Get a Free Sample PDF Of This Report (Get Higher Priority for Corporate Email ID): https://www.datamintelligence.com/download-sample/cross-linked-polyethylene-market?jd
United States Key Industry Developments
☑️ January 2026: Dow Inc. expanded production capacity for high-performance PEX resins, targeting increased demand from plumbing and automotive sectors with new formulations for enhanced cross-linking efficiency.
☑️ January 2026: LyondellBasell Industries reported strong adoption of its HDPE-based PEX for wires & cables, securing contracts with major U.S. cable manufacturers amid grid modernization efforts.
☑️ December 2025: Borealis AG launched next-generation silane-grafted PEX solutions, gaining traction in flexible piping and medical tubing applications across North American markets.
☑️ December 2025: Avient Corporation advanced its specialty PEX compounds, focusing on sustainable and high-temperature resistant grades for industrial and automotive uses.
Japan Key Industry Developments
☑️ January 2026: Hanwha Chemical Corporation and local partners accelerated PEX adoption in automotive wiring harnesses and plumbing systems, supported by government incentives for lightweight and durable materials.
☑️ January 2026: HDC Hyundai EP Company showcased advanced electron beam processed PEX at major industrial expos in Tokyo, emphasizing applications in chemical and medical tubing.
☑️ December 2025: Growing integration of peroxide and silane-grafted PEX in high-rise construction and infrastructure projects, driven by demand for corrosion-resistant piping solutions.
Key Mergers and Acquisitions
✦ Dow Inc. completed a strategic acquisition of a specialty polymer producer to enhance its PEX resin portfolio and cross-linking technology capabilities.
✦ Borealis AG acquired a regional compounding firm to strengthen its presence in high-density PEX for wires & cables and automotive applications.
✦ LyondellBasell Industries secured a licensing agreement with an advanced processing innovator to incorporate next-generation electron beam and silane grafting methods into its PEX production.
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Market Segmentation Analysis
By Product: Low-Density Polyethylene (LDPE) and High-Density Polyethylene (HDPE) dominate; followed by Medium Density Polyethylene (MDPE).
By Technology: Peroxide and Silane Grafting lead; followed by Electron Beam Processing.
By Process: Chemical process holds the largest share; followed by Physical.
By Application: Wires & Cables and Plumbing lead; followed by Automotive, Medical, Chemical, and Others.
Regional Insights
Asia-Pacific commands the largest market share in the global Cross-linked Polyethylene (PEX) market, supported by rapid infrastructure development, booming construction and plumbing sectors, high demand for wires & cables in electrification projects, strong automotive manufacturing base, and aggressive investments by leading manufacturers and local players.
Asia-Pacific also remains the fastest-growing region, fueled by increasing urbanization, rising adoption of PEX in residential and commercial plumbing, expanding medical and chemical applications, government initiatives for energy-efficient materials, and growing exports to global markets.
Growth Drivers
✦ Increasing use of PEX in flexible plumbing and hot/cold water distribution systems
✦ Rising demand for durable, corrosion-resistant wires & cables in power and telecom sectors
✦ Growing automotive applications for lightweight and high-temperature resistant components
✦ Advancements in peroxide, silane grafting, and electron beam cross-linking technologies
✦ Rapid infrastructure development and construction boom in emerging economies
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Key Players
The market includes leading companies such as Dow Inc., Borealis AG, LyondellBasell Industries Holding B.V., Avient Corporation, SACO AEI Polymers, HDC Hyundai EP Company, 3H Vinacom Co., Ltd., Hanwha Chemical Corporation, Arkema Group, Solvay, and others.
Key Highlights (Top 5 Key Players)
✦ Dow Inc. - Leading with advanced PEX resins for plumbing, wires & cables, and automotive.
✦ Borealis AG - Dominating in high-performance silane-grafted and peroxide PEX solutions.
✦ LyondellBasell Industries Holding B.V. - Strong in HDPE-based PEX for durable applications.
✦ Avient Corporation - Innovating specialty PEX compounds for medical and chemical uses.
✦ Arkema Group - Advancing electron beam processed PEX technologies globally.
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