Market Size of Cross-Linked Polyethylene (XLPE) Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 6.50 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Cross-Linked Polyethylene (XLPE) Market Analysis
The Cross-Linked Polyethylene (XLPE) market size is expected to grow from USD 6,377.18 million in 2023 to USD8,737.28 million by 2028, at a CAGR of 6.50% during the forecast period (2023-2028).
- The market was negatively impacted due to COVID-19. Owing to the pandemic scenario, several countries around the world went into lockdown to curb the spread of the virus. The shutdown of numerous companies and factories has disrupted worldwide supply networks and harmed global production, delivery schedules, and product sales. Currently, the market has recovered from the COVID-19 pandemic and is increasing at a significant rate.
- Major factors driving the market studied are low-cost, flexibility, and easy installation of XLPE and the surge in demand from the pipes and tubing applications.
- Fluctuations in raw material prices and low heat transfer resistance and adhesion are expected to hinder the growth of the market studied.
- Rapid growth in urbanization and increase in demand from automotive industry are expected to provide substantial growth opportunities to the key players present in the cross-linked polyethylene market during the forecast period.
- North America is the leading region and Asia-Pacific is expected to be the fastest-growing region for cross-linked polyethylene market during the forecast period.
