The global cross-linked Polyethylene market size was valued at USD 5.73 billion in 2018 and is projected to expand at a CAGR of 6.0% from 2019 to 2025. Surging demand from the plumbing industry and wires and cables manufacturing sector are the key factors expected to have a positive impact on the market over the coming years.
Increasing demand for weather, heat, and moisture resistant materials that provides better protection to wires to transfer energy effectively and efficiently is one of the key factors expected to assist the demand for cross-linked polyethylene over the coming years.
Cross-linked polyethylene is mainly utilized in the pipe and the plumbing industry as a replacement of traditional materials such as copper, galvanized steel, PVC piping owing to their rusting, cost as well as circulation. Cross-linking of polyethylene helps in solving plumbing issues and it can be easier to install. Usage of PEX in the plumbing industry possesses various advantages such as flexibility, lower material costs, easier installation, environmental benefits, etc. Cross-linked polyethylene is also utilized as an insulation material in wires and cable owing to their better insulating properties and flexibility.
The high-density polyethylene segment wields the maximum share in the global PEX market in 2018 and is expected to maintain its dominance throughout the forecast period. Cross-linked HDPE is gaining traction in the market primarily owing to the reason that most of the quantity is used in the plumbing application for the manufacturing of pipes and tubes.
The medium density polyethylene segment accounted for a small share in the market, however, it is expected to witness a value CAGR of 5.7% during the forecast years, owing to its increasing utilization in medical and other application sectors across the globe.
Low-density cross-linked polyethylene type segment was valued at USD 2,177.2 Mn in 2018 and is expected to grow at a CAGR of 5.5% during the forecast period. This can be primarily attributed to significant growth of the wires and cables in the countries such as India, China, Brazil, and some of the Middle Eastern countries
Based on the production technology segment, peroxide technology is found to be the most commonly utilized technique to produce cross-linked polyethylene across the globe. Peroxide technology possesses various advantages which include good processability, low dielectric loss, and high breakdown strength, hence these properties assist their usage in plumbing and cable applications, hence boosting the demand for peroxide technology across the geographies.
Considering application, the plumbing segment accounted for more than half of the overall market by the end of 2018 and is expected to witness moderate growth over the coming years. Automotive application segment accounted for a small share in the global cross-linked polyethylene market, however, demand is expected to observe prominent growth over the coming years
Wires and cables application is also expected to witness moderate growth over the coming years owing to the various advantages associated with the utilization of cross-linked polyethylene such as it can work with high voltage ranges (Up to 35 Kv), weather-resistant, provides mechanical protection, can withstand extreme pressure, flexible and cost-effective as compared to traditional solutions, etc.
Medical and another application segment together accounted for a small share in the global PEX market by the end of 2018, however, demand is expected to surge at a significant pace over the coming years
Considering regions, Asia-Pacific accounted for more than 2/5th of the overall market by the end of the year 2018 owing to the rising infrastructure activities in the developing nations such as India and China. Further, increasing the development of sewer systems, natural gas production units, expansion of pipelines, etc. are found to be some of the key factors assisting the cross-linked polyethylene demand over the coming years.
In the European countries, utilization of cross-linked polyethylene is expected to witness moderate growth owing to the rising demand from the automotive sector particularly for thermal insulation, interior parts, gaskets, and seals, etc.
North America in the market is accounted for a small share by the end of 2018, however, it is expected to grow at below average rate during the forecast years, supported by a positive outlook of wires and cables industry in the U.S.
The cross-linked polyethylene market is found to be partly fragmented in nature owing to the presence of a large number of local as well as regional players across the globe. Key manufacturers involved in the production of cross-linked polyethylene are continuously focusing on production capacity expansion activities to enhance their presence in the market as well as to cater to the growing demand from automotive and cable applications.
Product innovation and mergers & acquisition activities across the value chain are found to be the key strategic initiatives by players in the market. Some of the key players involved in the manufacturing of cross-linked polyethylene include The Dow Chemical Company, SILON s.r.o., LyondellBasell Industries Holdings B.V., PolyOne Corporation, Solvay, Borealis AG, Exxon Mobil Corporation, Akzo Nobel N.V., SABIC, Arkema Group, Armacell, and Hanwha Chemical.
The base year for estimation
Actual estimates/Historical data
2014 - 2017
2019 - 2025
Volume in Kilotons, Revenue in USD Million & CAGR from 2019 to 2025
North America, Europe, Asia Pacific, Central & South America, Middle East & Africa
Revenue forecast, volume forecast, competitive landscape, growth factors and trends
The U.S., Canada, Mexico, Germany, France, Italy, UK, China, India, Japan, South Korea, Brazil, Argentina, Saudi Arabia, South Africa
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This report forecasts revenue and volume growth at global, regional & country levels and provides an analysis of the industry trends in each of the sub-segments from 2014 to 2025. For this study, Grand View Research has segmented the global cross-linked Polyethylene market report based on type, production technology, application, and region:
Type Outlook (Volume, Kilotons; Revenue, USD Million; 2014 - 2025)
Low-Density Polyethylene (LDPE)
Medium Density Polyethylene (MDPE)
High-Density Polyethylene (HDPE)
Production Technology Outlook (Volume, Kilotons; Revenue, USD Million; 2014 - 2025)
Electron Beam Processing
Application Outlook (Volume, Kilotons; Revenue, USD Million; 2014 - 2025)
Wires and Cables
Regional Outlook (Volume, Kilotons; Revenue, USD Million; 2014 - 2025)
Central & South America
Middle East & Africa
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