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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
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
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Process |
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| Breakup by Technology |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global PEX (crossed-linked polyethylene) market attained a value of nearly USD 7.71 billion.
The market is projected to grow at a CAGR of 7.1% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 14.21 billion by 2032.
The major drivers expected to aid the market growth are the growing product demand from the automotive and construction sectors, increased demand for low cost polyethylene, growing urbanisation, increasing population, and growing product utilisation for tubing and piping applications.
The launch of weather, heat, and moisture resistant material with improved durability is the key market trend guiding the growth of the PEX (crossed-linked polyethylene) market.
The major regional markets of PEX (crossed-linked polyethylene) are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
High-density polyethylene (HDPE) and low-density polyethylene (LDPE), among others, are the significant types of PEX (crossed-linked polyethylene) in the market.
The leading processes used in the market are chemical and physical.
The major technologies used in PEX (crossed-linked polyethylene) are PEXA (peroxide method), PEXB (silane method) and PEXC (e-beam method).
Wires and cables, plumbing, automotive, medical, and the chemical industry, among others, are the leading applications of PEX (crossed-linked polyethylene) in the market.
The major players in the market are The Dow Chemical Company, Borealis AG, Solvay SA, Lyondellbasell Industries N.V., Exxonmobil Chemical Company, Inc., Avient Corporation, and Akzonoble N.V., among others.
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