Cross-Linked Polyethylene (XLPE) Market Size, Analysis - Segmented by Production Process (Chemical Process, Physical Process), by Production Technology (Peroxide Method, Silane Grafting Method, Electron Beam Processing), by Type (High-density Polyethylene, Low-density Polyethylene), by Application (Plumbing, Wires & Cables, Automotive, Medical, Chemical Industry), and Geography - Growth, Trends, and Forecast (2019 - 2024)

Cross-Linked Polyethylene (XLPE) Market Size, Analysis - Segmented by Production Process (Chemical Process, Physical Process), by Production Technology (Peroxide Method, Silane Grafting Method, Electron Beam Processing), by Type (High-density Polyethylene, Low-density Polyethylene), by Application (Plumbing, Wires & Cables, Automotive, Medical, Chemical Industry), and Geography - Growth, Trends, and Forecast (2019 - 2024)

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Cross-Linked Polyethylene (XLPE) Market 

The cross-linked polyethylene (XLPE) market is expected to witness a moderate growth during the forecast period, 2018-2023. Polyethylene is cross-linked, so as to change its nature from thermoplastic to thermoset and form a more temperature-resistant plastic with improved mechanical strength, impact strength, abrasion resistance, and environmental stress cracking resistance. Important forms of polyethylene include high-density polyethylene (HDPE), low-density polyethylene (LDPE), polyolefin elastomer (POE), ethyl vinyl acetate (EVA), and linear low-density polyethylene (LLDPE). Asia-Pacific is expected to witness strong demand for Cross-linked polyethylene, fueled by ever-increasing population, increasing investments in the region, and thriving industries.

Increasing Demand due to Favorable Properties

Cross-linked Polyethylene has a number of properties, which makes it suitable for tubing & piping, wiring, auto components, medical, and other industries. Cross-linked polyethylene (PEX) is a type of polyethylene that contains cross-linked bonds. These cross-linking bonds that are present in the polymer structure convert the thermoplastic to a thermoset material, giving it enhanced properties, such as low-temperature impact strength, abrasion resistance, environmental stress cracking resistance, tensile strength, flexibility, longevity as well as non-corrodibility. In plumbing application where XLPE finds the largest share of use, it provides easy and cheap installation. XLPE is much less labor-intensive, and also the cost of materials is cheaper. Hence, it can replace copper applications in power cables. In the automotive sector, the trend in light-weighting of vehicles is also encouraging the use of XLPE in interior and exterior applications. The non-toxic and hypoallergenic nature of XLPE foams also facilitates its use in the medical industry. All these end-user industries are being boosted by the ever-increasing population and their increasing consumption power. Rapid urbanization is promoting the extension of cities, which results in the requirement of development and extension of water transmission and sewer systems, thereby, finding more applications for Cross-linked polyethylene (XLPE).

Plumbing Holds the Largest Application Segment in Cross-Linked Polyethylene Market 

Cross-linked polyethylene (XLPE) tubing and piping is being widely used in plumbing operations, replacing copper. Due to, flexibility during installation and cheaper cost than copper, it is finding more preference. XLPE-based tubing and piping resists corrosion as well as performs well under a wide range of temperatures, allowing it to transport both heated water and cold water. Hence, it is being widely used in chilled and hot water pipe insulation. XLPE can run straight from a distribution point to an outlet fixture without the need for cutting or splicing the pipe. This reduces costs in installing joints as well as the drop in pressure, due to turbulence induced at transitions. Direct supply line from the water source to an appliance using just one connection is also possible. The durable nature of XLPE, gives the piping more lifespan compared to metal and other thermoplastic pipes. 

Asia-Pacific to Witness Strongest Growth Rate in Cross-Linked Polyethylene (XLPE) Market 

Asia-Pacific is estimated to witness tremendous growth over the assessment period in the cross-linked polyethylene (XLPE) market, due to its wide usage in numerous end-user application segments, such as plumbing, wiring & cabling, automotive, etc. The demand for XLPE is estimated to improve in numerous countries like China, India, Japan, South Korea, Indonesia, Philippines, and Taiwan, owing to rising population along with an increase in the purchasing power. Growth in the construction sector, increased investments in industrial and public infrastructure, development of gas pipelines, water transmission, and sewer systems fuelled by rapid urbanization are  key factors that will drive the Asia-Pacific market. The automotive market in Asia-Pacific region is also seeing a favorable growth, with China, Japan, and South Korea being major automotive manufacturing hubs and India being a major auto component market. In addition, strong industrial base and several production facilities are being shifted to emerging economies in the region. Hence, all these attributes will help augment XLPE’s market growth.

                                                 Cross-Linked Polyethylene (XLPE) Market

Key Developments in the Cross-Linked Polyethylene Market 

  • October 2017: Armacell, a flexible foam manufacturer for the equipment insulation market and provider of engineered foams, announced an expansion of its cross-linked polyethylene (XLPE) manufacturing capabilities in the North America to support continued market growth and increasing demand for lightweight and cost-effective materials for a variety of end-user markets.
  • February 2017: Borouge launched its new cross-linkable polyethylene (XLPE) solutions for advanced insulation and cable protection applications at the Middle East Electricity 2017.
  • March 2016: Addivant, a polymer additive manufacturer launched LOWINOX FAST XL, a liquid antioxidant solution for the production of medium and high-voltage cross-linked polyethylene (XLPE) cables. LOWINOX FAST XL delivers new levels of productivity and cable consistency that helps in lowering the total cost of ownership for the cable industry.

Cross-Linked Polyethylene (XLPE) Market Major Players:

  • AkzoNobel N.V.
  • DowDuPont Inc.
  • Arkema Group.
  • Borealis AG.
  • Hanwha Chemical.
  • Solvay S.A.
  • Lyondellbasell Industries N.V.
  • Exxonmobil Chemical Company, Inc.
  • Polyone Corporation.

Reasons to Purchase Cross-Linked Polyethylene Market Report

  • An understanding of current market dynamics and growth opportunities.
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
  • To understand the dominating application in the Cross-linked polyethylene (XLPE) market.
  • Region and countries that are expected to witness fastest growth during the forecast period.
  • Identify the latest developments, market shares and strategies employed by major market players.
  • 3 months analyst support along with the Market Estimate sheet (in excel)

Customization of the Report

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1. Introduction

                1.1 Scope of the Report

                1.2 Market Definition

                1.3 Study Assumptions

                1.4 Study Deliverables

                1.5 Research Phases

2. Executive Summary

3. Cross-linked Polyethylene (XLPE) Market Insights

                3.1 Industry Value Chain Analysis

                3.2 Industry Attractiveness – Porter’s Five Forces Analysis

                                3.2.1 Bargaining Power of Suppliers

                                3.2.2 Bargaining Power of Consumers

                                3.2.3 Threat of New Entrants

                                3.2.4 Threat of Substitute Products and Services

                                3.2.5 Intensity of Competitive Rivalry

                3.3 Patent Analysis

4. Market Dynamics

                4.1 Cross-linked Polyethylene (XLPE) Market Drivers

                                4.1.1 Low-cost, Flexible and Easy Installation

                                4.1.2 Other Drivers

                4.2 Cross-linked Polyethylene (XLPE) Market Restraints

                                4.2.1 Fluctuation in Raw Material Prices

                                4.2.2 Other Restraints

                4.3 Cross-linked Polyethylene (XLPE) Market Opportunities

                                4.3.1 Rapid Urbanization and Automotive Consumption Growth

                                4.3.2 Other Opportunities

5. Market Segmentation and Analysis (Market Size, Share, and Forecast)

                5.1 Cross-linked Polyethylene (XLPE) Market By Process

                                5.1.1 Chemical Process

                                5.1.2 Physical Process

                5.2 Cross-linked Polyethylene (XLPE) Market By Production Technology

                                5.2.1 Peroxide Method

                                5.2.2 Silane Grafting Method

                                5.2.3 Electron Beam Processing

                5.3 Cross-linked Polyethylene (XLPE) Market By Type

                                5.3.1 High-density Polyethylene (HDPE)

                                5.3.2 Low-density Polyethylene (LDPE)

                                5.3.3 Others (Linear Low-density Polyethylene, Ethyl Vinyl Acetate Copolymer, Polyolefinic Elastomer, etc.)

                5.4 Cross-linked Polyethylene (XLPE) Market By Application

                                5.4.1 Plumbing

                                5.4.2 Wires & Cables

                                5.4.3 Automotive

                                5.4.4 Medical

                                5.4.5 Chemical Industry

                                5.4.6 Others (Mining, Watercraft products, etc.)

6. Regional Market Analysis (Market Size, Share, and Forecast)

                6.1 Asia-Pacific Cross-Linked Polyethylene (XLPE) Market Size (2018-2023)

                                6.1.1 China Cross-Linked Polyethylene (XLPE) Market Size (2018-2023)

                                6.1.2 India Cross-Linked Polyethylene (XLPE) Market Size (2018-2023)

                                6.1.3 Japan Cross-Linked Polyethylene (XLPE) Market Size (2018-2023)

                                6.1.4 Australia Cross-Linked Polyethylene (XLPE) Market Size (2018-2023)

                                6.1.5 Rest of Asia-Pacific

                6.2 North America Cross-Linked Polyethylene (XLPE) Market Size (2018-2023)

                                6.2.1 United States Cross-Linked Polyethylene (XLPE) Market Size (2018-2023)

                                6.2.2 Canada Cross-Linked Polyethylene (XLPE) Market Size (2018-2023)

                                6.2.3 Mexico Cross-Linked Polyethylene (XLPE) Market Size (2018-2023)

                6.3 Europe Cross-Linked Polyethylene (XLPE) Market Size (2018-2023)

                                6.3.1 Germany Cross-Linked Polyethylene (XLPE) Market Size (2018-2023)

                                6.3.2 United Kingdom Cross-Linked Polyethylene (XLPE) Market Size (2018-2023)

                                6.3.3 Netherlands Cross-Linked Polyethylene (XLPE) Market Size (2018-2023)

                                6.3.4 France Cross-Linked Polyethylene (XLPE) Market Size (2018-2023)

                                6.3.5 Rest of Europe

                6.4 South America Cross-Linked Polyethylene (XLPE) Market Size (2018-2023)

                                6.4.1 Brazil Cross-Linked Polyethylene (XLPE) Market Size (2018-2023)

                                6.4.2 Argentina Cross-Linked Polyethylene (XLPE) Market Size (2018-2023)

                                6.4.3 Rest of South America

                6.5 Middle East & Africa Cross-Linked Polyethylene (XLPE) Market Size (2018-2023)

                                6.5.1 Saudi Arabia Cross-Linked Polyethylene (XLPE) Market Size (2018-2023)

                                6.5.2 U.A.E. Cross-Linked Polyethylene (XLPE) Market Size (2018-2023)

                                6.5.3 Rest of Middle East & Africa

7. Competitive Landscape

                7.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

                7.2 Market Share Analysis**

                7.3 Strategies Adopted by Leading Players

8. Company Profiles (Overview, Financials**, Products and Services, Recent Developments, and Analyst View)

                8.1 Akzonobel NV

                8.2 DowDuPont Inc.

                8.3 Arkema Group

                8.4 Borealis AG

                8.5 Hanwha Chemical

                8.6 Lyondelbasell Industries NV

                8.7 Polyone Corp.

                8.8 Solvay SA

                8.9 Exxonmobil Chemical Company Inc.

                8.10 Vanderbilt Chemicals LLC

                *List not Exhaustive

9. Disclaimer

**Subject to availability on public domain

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