Global PEX (Crossed-Linked Polyethylene) Market Report and Forecast 2024-2032

Global PEX (Crossed-Linked Polyethylene) Market outlook

The size of the global PEX (crossed-linked polyethylene) market attained USD 7.71 billion in 2023 and is forecast to achieve USD 14.21 billion by 2032, growing at a CAGR of 7.1% in the forecast period of 2024-2032.     

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Polyethylene is commonly used in a wide range of applications, including packaging, medical, consumer, and insulation products. It is a processed thermoplastic. Like all thermoplastics, polyethylene starts flowing above its melting point and loses its desirable mechanical characteristics, limiting its high-temperature operation. It is, thus, cross-linked to alter its nature from thermoplastic to thermoset and to form a plastic that is more temperature-resistant with enhanced mechanical strength.

Market Segmentation

Cross-linked polyethylene, frequently known as PEX or XLPE, is a cross-linked type of polyethylene. It is made up of tubing and is mainly used for the construction of pipework structures, hydronic radiant heating, and cooling systems, water piping, and high-voltage electrical cables insulation.

The PEX (crossed-linked polyethylene) market can be divided based on segments like type, process, technology, and application.

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The industry can be divided on the basis of its type as high-density polyethylene (HDPE) and Low-density polyethylene (LDPE), among others. The industry can be divided based on its processes as chemical and physical. The industry can be categorised based on its technology as PEXA (peroxide method), PEXB (silane method), and PEXC (e-beam method). The industry can be broadly categorised based on its application into:

• Wires and Cables
• Plumbing 
• Automotive 
• Medical
• Chemical Industry
• Others

The EMR report looks into the regional markets of PEX (crossed-linked polyethylene) like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific regions.

Market Analysis

The PEX (crossed-linked polyethylene) industry is driven primarily by the automotive and construction sectors in the Asia Pacific, primarily in India, China, Japan, South Korea, and the countries of Southeast Asia. During the forecast period, the implementation of wires and cables is projected to lead the PEX (crossed-linked polyethylene) industry. PEX is commonly used in energy wires of all voltage ranges as electrical insulation, although it is more suitable for applications of low and medium voltage. PEX is the most popular polymer insulation material that is weather, heat, and moisture resistant. To transfer energy securely and effectively, it offers better protection for copper cables. Therefore, the growing demand from these applications is anticipated to drive the PEX (crossed-linked polyethylene) industry over the forecast period.

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Competitive Landscape

The report presents a detailed analysis of the following key players in the global PEX (crossed-linked polyethylene) market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• The Dow Chemical Company    
• Borealis AG   
• Solvay SA    
• Lyondellbasell Industries N.V.    
• Exxonmobil Chemical Company, Inc.    
• Avient Corporation
• Akzonobel N.V.
• Others

The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

Key Highlights of the Report