September 10, 2021 02:56 ET | Source: Market Research Future Market Research Future
New York, September 10, 2021 (GLOBE NEWSWIRE) - Cross-linked polyethylene (XLPE) market overview: According to a comprehensive research report by Market Research Future (MRFR), "Cross-linked polyethylene (XLPE) market research report: by type (High-density polyethylene, low-density polyethylene, others), by technology (peroxide method, silane grafting method, electron beam processing), by process (chemistry, physics) and by application (pipes, wires and cables, medical , Chemical industry, automobile, others)-forecast by 2028 "By 2028, the market size is expected to reach 6.89 billion U.S. dollars, with a compound annual growth rate of 5.83% during the forecast period (2021-2028), and a market value of 32.1 Billion dollars in 2020.
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The list of major companies introduced in the cross-linked polyethylene market report are:
In the global PEX market, automobiles are one of the fastest growing application areas. The PEX market is driven by the use of PEX in auto parts manufacturing. In addition, as the market share of PVC declines, it is expected that the possibility of using other materials such as PEX for automotive wire and cable insulation will increase during the forecast period.
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PEX tube should not be used in applications exposed to direct sunlight because it will degrade rapidly. When exposed to sunlight, the molecular structure of the pipe breaks down, making it fragile and easily broken. If exposed to direct sunlight for as short as 30 days, the pipe may become brittle and fail prematurely. Therefore, it is not recommended to use PEX in outdoor environments or places exposed to sunlight. This physical characteristic is inhibiting market growth.
The segmentation of the cross-linked polyethylene market is accomplished through technology, type, application and process. In terms of technology, the peroxide method has the largest market share due to its ability to produce the highest resistance to stress cracking. Divided by type, HDPE has become the most widely used part because of its application in pipes. In terms of processes, the chemical sector has the largest market share. According to the application, the pipeline category dominated the market in 2018.
Consumers, businesses, and communities around the world are concerned about the COVID-19 pandemic that has caused economic imbalances. Global primary and secondary PEX production companies were also forced to cease operations. In several PEX producing countries, the pandemic has caused production halts, labor shortages and logistics disruptions.
End-use industries such as construction, chemicals, automobiles, consumer goods, and packaging have been hampered by the pandemic. These industries require a strong distribution network and high-level transportation activities. However, due to blockades and transportation bans in many countries, these terminal industries cannot meet user needs, limiting the growth of the PEX market. However, despite the virus outbreak, the demand for PEX in the healthcare industry will boost the market.
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In 2018, the Asia-Pacific region is the largest and fastest-growing market for XLPE and is expected to grow at a significant compound annual growth rate during the period under review. Growing industrialization and expanding construction, electronics, and automotive industries are the reasons for this expansion. As a major electronics center, China is expected to become a leading country in the region. Compared with other high-pressure materials, XLPE has a higher usage rate. India, South Korea, New Zealand, Japan and Australia are expected to contribute to the expansion of the regional market. The continuous expansion of XLPE in residential structures and industrial piping applications is driving the expansion of the cross-linked polyethylene market in North America. The United States is probably the most important market in the region. The increase in automobile manufacturing and the growing demand for XLPE for medical packaging solutions and dental materials may drive the expansion of the European market. The construction and automotive industries are expected to drive market expansion in the Middle East and Africa. Increased demand for XLPE in pipelines and water distribution systems is driving the expansion of the cross-linked polyethylene market in the region.
Polyethylene is a low-cost commodity plastic. Due to its thermoplasticity, it can be reused and reshaped. Polyethylene cross-linking produces a polymer with a high molecular weight, which can improve heat resistance, abrasion resistance, impact strength and environmental stress cracking resistance without affecting tensile strength or density. In addition, after crosslinking, the final product changes from a thermoplastic to a thermoset with high tensile properties.
Due to its rust, cost, and liquidity, cross-linked polyethylene is mainly used in the pipeline and piping industry to replace traditional materials such as copper, galvanized steel, and PVC pipes. Polyethylene cross-linking helps solve pipe problems and makes installation easier. PEX has many advantages in the pipeline industry, including flexibility, lower material costs, easier installation and environmental benefits. Because of its superior insulation properties and flexibility, cross-linked polyethylene is also used as an insulation material in wires and cables.
Market segments covered by the research:
Cross-linked polyethylene (XLPE) market research report: by type (high-density polyethylene, low-density polyethylene, others), by technology (peroxide method, silane grafting method, electron beam treatment), by process (chemical, Physics) and by application (pipes, wires and cables, medical, chemical, automotive, others)-forecast to 2028
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