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Rising demand from the plumbing industry and the consumption of wires and cables in the cross-linked polyethylene (PEX) market are the main factors to provide a revenue of USD 5.10 billion in 2019. Some of the main reasons anticipated to assist the market for cross-linked polyethylene is the rising demand for temperature, heat, and moisture resistant products that offer improved security for wires to transmit energy safely and effectively. In the pipe and plumbing industry, cross-linked polyethylene is primarily used as a substitute for conventional products such as aluminum, galvanized steel, and PVC pipes owing to their rusting, expense, and circulation. Polyethylene cross-linking helps solve plumbing problems, along with its easy installation.
The global cross-linked polyethylene market revenue is projected to reach close to USD 10.0 billion by 2028. The growth of the PEX (Crossed-Linked Polyethylene) industry is guided mainly by the rising industries in APAC's developing economies of automobile, construction, and packaging. In addition, the growing demand for plastic pipes in the solar industry would fuel business development globally.
The usage of cross linked polyethylene in the plumbing industry has multiple advantages such as durability, lower manufacturing prices, faster deployment, environmental advantages etc. Moreover, the better insulating properties and flexibility of the cross-linked polyethylene can be used as an insulation material in wires and cables.
Key Segments of the Global Cross-linked Polyethylene (PEX) Market
Type Overview, 2018-2028 (USD Billion, Kilo Tons)
Technology Size Overview, 2018-2028 (USD Billion, Kilo Tons)
Application Overview, 2018-2028 (USD Billion, Kilo Tons)
Regional Overview, 2018-2028 (USD Billion, Kilo Tons)
North America
Europe
Asia Pacific
Middle East and Africa
South America
Reasons for the study
What does the report include?
Who should buy this report?
Shifting market interest to cross-linked polyethylene pipes for its applications in potable water delivery contributes to expanded company share in the plumbing industry. One of the main drivers proliferating the market expansion is a rapid residential development in the Asia Pacific nations such as India and China. In addition, considerable development in the automotive segment due to increased use of electric vehicles will have a positive impact on the growth in the market. Also, the corrosion & fire resistant property due to significant changes in popularity in traditional copper tubes would fuel business demand. Owing to the versatility, simple deployment, and low expense, broad applications in end-use industries including insulation, and consumer products and packaging are rising in the global market. Increasing the use of plastic pipes in the solar industry would provide additional demand for the products in the global industry.
Type Segment
In terms of components, the market is bifurcated into HDPE, LDPE, and Others. In terms of both volume and value, the HDPE segment is anticipated to have the largest share in the PEX (Cross-Linked Polyethylene) market. On the plumbing section, cross-linked HDPE is used in piping and tubing. The outstanding balance of properties renders HDPE a suitable substrate for a range of uses through various industries. HDPE pipe is largely used in various applications such as the building of gas and water transmission pipelines because it offers fast durability, deployment, lightweight, and low cost. HDPE pipes are also frequently used in the agricultural sector for the transfer of liquids. Its properties make them suitable for industrial and construction end uses.
Technology Segment
Based on technology, the market is segmented into PEXa, PEXb, and PEXc. The peroxide technology leads the market growth in 2019 and it is anticipated to hold its position during the forecast years. Big cross-linking properties of peroxide such as high heat resistance, easy compounding, and improved longevity of shelf life can facilitate varied applications in various industries. Owing to the rising demand for automobile seals, hoses, shock absorbers, and cables in different vehicle manufacturing industries, the automotive industry is anticipated to witness high growth over the coming years. Moreover, a high growth rate in silane grafted technology due to core characteristics like room temperature cross-linking, low cost, and a higher proportion of gel can promote product launches in the industry. The cross-linking expansion of the polyethylene industry is anticipated to have higher demand through industrial usage of XLPE use for insulation of water heating pipes & electrical cable for floor heating purposes.
Application Segment
In terms of the application segment, the market is segmented into wires & cables, plumbing, automotive, and others. In 2019, the wires & cables segment accumulated the major market share and is expected to continue the trend over the forecast years. PEX demonstrates strong flammability and heat deformation tolerance, rendering it ideal for wires & cables. The cross-linking feature of the product adds efficient dielectric properties to polyethylene, which is resilient above the softening point to flow and permanent deformation. The demand is powered by the growth of transmission & distribution lines in the power & telecom sector in developed countries. The rise in the number of applications for PEX especially in the automotive industry, as cross-linked LDPE is commonly utilized in cables and wires.
The Asia Pacific region dominated the overall market in 2019 and it is projected to keep its position during the forecast years 2018-2028. The rising demand for PEX in cables and wires, plumbing, and automobile applications in China, Australia, and Japan is driving the Asia Pacific industry. The usage of cross-linked polyethylene is expected to drive the demand in Europe countries due to the rise in usage from the automotive industry, especially for thermal insulation, gaskets, seals, interior components, etc. North America is expected to a significant share in the sector by the end of 2024, backed by a strong forecast growth in the U.S. for the wires and cables industry.
The major players of the global cross-linked polyethylene market are The Dow Chemical Company, ExxonMobil Corporation, Solvay SA, Borealis AG, LyondellBasell Industries N.V. Moreover, the market comprises several other prominent players in the cross-linked polyethylene market that are Polyone Corporation, Hyundai EP, Falcone Specialities AG, 3H Vinacome Co., Ltd., Hanwha Chemical Corporation. The cross-linked polyethylene market consists of well-established global as well as local players. Additionally, the previously recognized market players are coming up with new and advanced strategic solutions and services to stay competitive in the global market.
Rising demand from the plumbing industry and the consumption of wires and cables in the cross-linked polyethylene (PEX) market are the main factors to provide a revenue of USD 5.10 billion in 2019. Some of the main reasons anticipated to assist the market for cross-linked polyethylene is the rising demand for temperature, heat, and moisture resistant products that offer improved security for wires to transmit energy safely and effectively. In the pipe and plumbing industry, cross-linked polyethylene is primarily used as a substitute for conventional products such as aluminum, galvanized steel, and PVC pipes owing to their rusting, expense, and circulation. Polyethylene cross-linking helps solve plumbing problems, along with its easy installation.
The global cross-linked polyethylene market revenue is projected to reach close to USD 10.0 billion by 2028. The growth of the PEX (Crossed-Linked Polyethylene) industry is guided mainly by the rising industries in APAC's developing economies of automobile, construction, and packaging. In addition, the growing demand for plastic pipes in the solar industry would fuel business development globally.
The usage of cross linked polyethylene in the plumbing industry has multiple advantages such as durability, lower manufacturing prices, faster deployment, environmental advantages etc. Moreover, the better insulating properties and flexibility of the cross-linked polyethylene can be used as an insulation material in wires and cables.
Key Segments of the Global Cross-linked Polyethylene (PEX) Market
Type Overview, 2018-2028 (USD Billion, Kilo Tons)
Technology Size Overview, 2018-2028 (USD Billion, Kilo Tons)
Application Overview, 2018-2028 (USD Billion, Kilo Tons)
Regional Overview, 2018-2028 (USD Billion, Kilo Tons)
North America
Europe
Asia Pacific
Middle East and Africa
South America
Reasons for the study
What does the report include?
Who should buy this report?
Chapter 1 Introduction
1.1 Introduction to the Study
1.2 Market Definition and Scope
1.3 Units, Currency, Conversions and Years Considered
1.4 Key Stakeholders
1.5 Key Questions Answered
Chapter 2 Research Methodology
2.1 Introduction
2.2 Data Capture Sources
2.2.1 Primary Sources
2.2.2 Secondary Sources
2.3 Market Size Estimation
2.4 Market Forecast
2.5 Data Triangulation
2.6 Assumptions and Limitations
Chapter 3 Executive Summary
Chapter 4 Market Outlook
4.1 Introduction
4.2 Value Chain Analysis
4.3 Market Dynamics
4.3.1 Drivers
4.3.1.1 Superior properties compared to conventional materials
4.3.1.2 Growing demand from the automotive industry
4.3.2 Restraints
4.3.2.1 Safety issues and chances of plumbing failure
4.3.2.2 Opportunities
4.3.3.1 Increasing demand for cross-linked HDPE
4.4 Porter’s Five Forces Analysis
4.5 PEST Analysis
4.6 Regulatory Landscape
4.7 COVID-19 Impact Analysis
Chapter 5 Cross-linked Polyethylene (PEX) Market by Type
5.1 Introduction
5.1.1 HDPE
5.1.2 LDPE
5.1.3 Others
Chapter 6 Cross-linked Polyethylene (PEX) Market by Technology
6.1 Introduction
6.1.1 PEXa
6.1.2 PEXb
6.1.3 PEXc
Chapter 7 Cross-linked Polyethylene (PEX) Market by Application
7.1 Introduction
7.1.1 Wires & Cables
7.1.2 Plumbing
7.1.3 Automotive
7.1.4 Others
Chapter 8 Cross-linked Polyethylene (PEX) Market By Region
8.1 Introduction
8.2 North America
8.2.1 U.S.
8.2.2 Canada
8.3 Europe
8.3.1 Germany
8.3.2 France
8.3.3 UK
8.3.4 Rest of Europe
8.4 Asia Pacific
8.4.1 China
8.4.2 Japan
8.4.3 India
8.4.4 Rest of Asia Pacific
8.5 Middle East & Africa
8.5.1 UAE
8.5.2 South Africa
8.5.3 Rest of Middle East & Africa
8.6 South America
8.6.1 Brazil
8.6.2 Rest of South America
Chapter 9 Competitive Landscape
9.1 Overview
9.2 Strategic Initiatives
9.2.1 Mergers & Acquisitions
9.2.2 New Product Launch
9.2.3 Investments
9.2.4 Expansion
9.2.5 Customer Targeting
Chapter 10 Company Profiles
10.1 The Dow Chemical Company
10.1.1 Overview
10.1.2 Products and Services Portfolio
10.1.3 Recent Initiatives
10.1.4 Company Financials
10.1.5 SWOT
10.2 Borealis AG
10.2.1 Overview
10.2.2 Products and Services Portfolio
10.2.3 Recent Initiatives
10.2.4 Company Financials
10.2.5 SWOT
10.3 Solvay
10.3.1 Overview
10.3.2 Products and Services Portfolio
10.3.3 Recent Initiatives
10.3.4 Company Financials
10.3.5 SWOT
10.4 Lyondellbasell
10.4.1 Overview
10.4.2 Products and Services Portfolio
10.4.3 Recent Initiatives
10.4.4 Company Financials
10.4.5 SWOT
10.5 Exxonmobil Corporation
10.5.1 Overview
10.5.2 Products and Services Portfolio
10.5.3 Recent Initiatives
10.5.4 Company Financials
10.5.5 SWOT
10.6 Polyone Corporation
10.6.1 Overview
10.6.2 Products and Services Portfolio
10.6.3 Recent Initiatives
10.6.4 Company Financials
10.6.5 SWOT
10.7 3H Vinacom Co., Ltd.
10.7.1 Overview
10.7.2 Products and Services Portfolio
10.7.3 Recent Initiatives
10.7.4 Company Financials
10.7.5 SWOT
10.8 Falcone Specialities AG
10.8.1 Overview
10.8.2 Products and Services Portfolio
10.8.3 Recent Initiatives
10.8.4 Company Financials
10.8.5 SWOT
10.9 Hanwha Solutions
10.9.1 Overview
10.9.2 Products and Services Portfolio
10.9.3 Recent Initiatives
10.9.4 Company Financials
10.9.5 SWOT
10.10 HDC Hyundai EP
10.10.1 Overview
10.10.2 Products and Services Portfolio
10.10.3 Recent Initiatives
10.10.4 Company Financials
10.10.5 SWOT
10.11 Other Companies