At 6% CAGR Cross-Linked Polyethylene Market expanding to $8bn business by 2024

Global Market Insights, Inc. has recently added a new report on Cross-Linked Polyethylene Market which provides a succinct analysis of the market size, revenue forecast, and the regional landscape of this industry.

Selbyville, United States - April 9, 2019 /MarketersMedia/ —

Global cross-linked polyethylene demand for plumbing application is projected to generate volume sales of more than 2,000 kilotons by 2024. Fueling demand from real estate and infrastructure projects will drive the product application scope. Increasing infrastructural development to accommodate rising population will augment the product sales through this application.

According to a growth forecast analysis by Global Market Insights, Inc., the size of cross-linked polyethylene market is estimated to surpass USD 8 billion by 2024. Cross-linked HDPE accounted for a dominating share of over 40% in the global cross-linked polyethylene market. Higher density of the material along with improved strength and chemical resistance will boost the product sales. Augmenting demand for pipes and tubing will enhance the product penetration in the global market. Expanding usage in chemical storage tanks owing to varied advantages over substitutes such as linear polyethylene, fiberglass reinforced plastic, and stainless steel will support the market development.

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Growing infrastructural spending particularly in residential construction and public infrastructure is propelling the use of cross-linked polyethylene in plumbing application owing to key properties including high strength, flexibility, and low cost. Increasing popularity of integrated high-low sprinklers thermostatic faucets in bathroom spaces driving plumbing fixtures demand. In addition, surge in bathroom and kitchen renovation projects among middle class population likely to fuel cross-linked polyethylene market size.

Expanding use of cross-linked polyethylene wires and cables owing to high electrical insulation properties will support the industry expansion. Thermoset benefits including structural integrity, improved mechanical properties and enhanced chemical & heat resistance and has positively influenced the product use over normal polyethylene. Expanding product application scope in oil & gas, chemical, and medical industry will create notable gains over the next few years. However, fluctuating petrochemical prices may restrain the market growth.

Chemical process accounts for a significant share in manufacturing of cross-linked polyethylene. Advantage of uniform cross linking is driving the process demand. Greater degree of crosslinking is primarily driving the process adoption. Generating product with excellent mechanical strength will propel the method use.

Peroxide technology is expected to witness fastest CAGR during the forecast period 2018 to 2024. Advantage of higher cross-linking as compared to radiation and silane-based crosslinking will proliferate the peroxide technology adoption rate. Imparting greater temperature resistance to the product is among the key factors driving the technology scope globally.

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Asia Pacific holds over 40% of the global cross-linked polyethylene market in 2017. The region majorly consists of developing economies witnessing significant investments in residential and commercial construction. Mounting restructuring and remodeling activities owing to rising disposable incomes will support the industry expansion. Growing automotive industry in the region is expected to develop new growth opportunities. Enhancing chemical companies in the region will positively influence the product demand.

Global cross-linked polyethylene market is highly fragmented owing to presence of many regional and global players. The key industry players include Silon S.R.O., Akzonoble N.V., Exxonmobil, Arkema Group, Lyondellbasell Industries N.V., Vinacom Co., Ltd., Chemical Company Inc., and Borealis AG. Other prominent industry players are Falcone Specialities AG, Zimmer Inc., Polylink Polymers (India) Ltd., Polyone Corporation, Hanwha Chemical, Vanderbilt Chemicals LLC, and Dow Chemical Company. The companies are expected to invest in capacity expansion to gain competitive edge over the projected timeframe.

Partial Table of Contents (ToC) of the report:

Chapter 4. Cross-Linked Polyethylene Market, By Product
4.1. Global cross-linked polyethylene market share by product, 2017 & 2024
4.2. HDPE
4.2.1. Market estimates and forecast, 2013 - 2024
4.2.2. Market estimates and forecast, by region, 2013 – 2024
4.3. LDPE
4.3.1. Market estimates and forecast, 2013 - 2024
4.3.2. Market estimates and forecast, by region, 2013 – 2024
4.4. Others
4.4.1. Market estimates and forecast, 2013 - 2024
4.4.2. Market estimates and forecast, by region, 2013 – 2024

Chapter 5. Cross-Linked Polyethylene Market, By Process
5.1. Global cross-linked polyethylene market share by process, 2017 & 2024
5.2. Chemical
5.2.1. Market estimates and forecast, 2013 - 2024
5.2.2. Market estimates and forecast, by region, 2013 – 2024
5.3. Physical
5.3.1. Market estimates and forecast, 2013 - 2024
5.3.2. Market estimates and forecast, by region, 2013 – 2024

Chapter 6. Cross-Linked Polyethylene Market, By Technology
6.1. Global cross-linked polyethylene market share by technology, 2017 & 2024
6.2. Peroxide
6.2.1. Market estimates and forecast, 2013 - 2024
6.2.2. Market estimates and forecast, by region, 2013 – 2024
6.3. Silane Grafting
6.3.1. Market estimates and forecast, 2013 - 2024
6.3.2. Market estimates and forecast, by region, 2013 – 2024
6.4. Electron beam
6.4.1. Market estimates and forecast, 2013 - 2024
6.4.2. Market estimates and forecast, by region, 2013 – 2024
Browse Full Table of Contents (ToC) @ https://www.gminsights.com/toc/detail/cross-linked-polyethylene-market

About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Info:
Name: Arun Hegde
Email: Send Email
Organization: Global Market Insights,Inc.
Phone: 18886890688
Website: https://www.gminsights.com/industry-analysis/cross-linked-polyethylene-market

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