Cross-linked Polyethylene Market Overview
The global Cross-Linked Polyethylene Market was valued at $5,323.50 million in 2021 and is predicted to grow at a 7.80% CAGR during 2023-2030.
The global Cross-linked Polyethylene market is expected to rise at a significant rate in the estimated period. Pipe, tubing, wire, and cable are all common forms of cross-linked polyethylene. Cross-linking HDPE is used to make pipes and tubing while cross-linking LDPE is used to make wires and cables. Plumbing is a common use for cross-linked polyethylene. The polymer is rapidly replacing copper pipes and tubes because it is more flexible, less expensive, corrosion-resistant, and has a wider temperature range.
Mining is another key application of the polymer. The cost and time required for the installation, repair, and maintenance of pipes in mines are significantly decreased due to the ease with which cross-linked polyethylene piping may be mounted. Copper wires are protected with electrical tubing composed of cross-linked polyethylene, which is resistant to heat, weather, and moisture while also being insulated.
Because of its great strength and heat and chemical resistance, cross-linked polyethylene is also used in chemical storage tanks. Its application in wear-resistant joints is also being researched right now. Dental materials, automobile ducts and housings, kayaks, and canoes are among the polymer's other uses. All these aforementioned factors are majorly contributing to the growth of the global Cross-linked Polyethylene Market.
| Report Metric | Details |
| Market size available for years | 2023–2030 |
| Base year considered | 2023 |
| Forecast period | 2024–2030 |
| Forecast unit | Value (USD Million) |
| Segments covered | Type, Application, and Region. |
| Regions covered | North America (the U.S. and Canada), Europe (UK, Germany, France, Italy, Spain, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South East Asia, Rest of Asia Pacific), Latin America and the Middle East and Africa (Brazil, Saudi Arabia, UAE, Rest of LAMEA) |
| Companies covered | ExxonMobil Chemical Company, Inc., LyondellBasell Industries, 3H Vinacom Co., Ltd, Hanwha Chemicals, Arkema Group, AkzoNobel N.V., Falcone Specialities AG, Borealis AG, PolyOne Corporation. |
Covid-19 Impact on Cross-linked Polyethylene Market
The ongoing COVID-19 pandemic conditions have severely affected every sector around the world. Whereas, the chemicals and materials sectors were moderately affected during the pandemic. This is primarily due to the uncut demand for chemicals for healthcare, life science, and cleaning agents. However, other elements of chemical and material sectors such as paints, industrial oil, construction materials are facing diminution in demand. Strict lockdown resulted in a nearly 50-60% reduction in supply for raw materials, which directly affected the manufacturing process. Further, halt on many end-use industries directly affected the chemical demand all around the world.
Cross-linked Polyethylene Market Segment Overview
According to Type, High-Density Polyethylene (HDPE) is expected to hold the largest share of the global Cross-linked Polyethylene market. This is because it is increasingly used in pipes and tubes. HDPE is a versatile material that may be used in a variety of applications due to its unique blend of physical qualities. It is also simple to install, does not corrode, and has high flexural strength. Furthermore, Low-Density Polyethylene (LDPE) is another main segment in the global market. In plastic packagings, such as shopping bags and plastic wrap, LDPE is preferred. It can also be found in wires and cables.
Cross-linked Polyethylene Market, By Type
· High-Density Polyethylene (HDPE)
· Low-Density Polyethylene (LDPE)
· Others
Cross-linked Polyethylene Market, By Application
· Wires & Cables
· Plumbing
· Medical
· Chemical
· Automotive
· Others
Cross-linked Polyethylene Market Regional Overview
Geographically, North America holds the largest share of the global Cross-linked Polyethylene market. North America is a major user of cross-linked polyethylene, which is being used to replace other materials in plumbing applications in both residential and commercial buildings. The polymer is in high demand because of the region's well-developed sewerage and water transmission systems. Moreover, another key region for the cross-linked polymer market is in the Asia Pacific. China and India are quickly updating their public infrastructure, including water and sewerage systems. As a result, demand for cross-linked polyethylene is expected to rise in this region. The mining and chemical manufacturing industries are likely to increase their demand for cross-linked polythene.
Cross-linked Polyethylene Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Cross-linked Polyethylene Market, Key Players
· ExxonMobil Chemical Company, Inc.
· LyondellBasell Industries
· 3H Vinacom Co., Ltd
· Hanwha Chemicals
· Arkema Group
· AkzoNobel N.V.
· Falcone Specialities AG
· Borealis AG
· PolyOne Corporation
Frequently Asked Questions (FAQ) :
Q1. What are the driving factors for the global Cross-linked Polyethylene market?
Because of its great strength and heat and chemical resistance, cross-linked polyethylene is used in chemical storage tanks, is one of the great factors that assist in the development of the Cross-linked Polyethylene Market
Q2. Which Segments are covered in the global Cross-linked Polyethylene market report?
Type, Application, and Region these segments are covered in the global Cross-linked Polyethylene market report.
Q3. Which segment is projected to hold the largest share in the global Cross-linked Polyethylene market?
High-Density Polyethylene (HDPE) segment is projected to hold the largest share in the global Cross-linked Polyethylene market
Q4. Which region holds the largest share in the global Cross-linked Polyethylene market?
North America holds the largest share in the global Cross-linked Polyethylene market
Q5. Which are the prominent players in the global Cross-linked Polyethylene market?
ExxonMobil Chemical Company, Inc., LyondellBasell Industries, 3H Vinacom Co., Ltd, Hanwha Chemicals, Arkema Group, AkzoNobel N.V., Falcone Specialities AG, Borealis AG, PolyOne Corporation. are some key players in the global Cross-linked Polyethylene market
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Cross-linked Polyethylene Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Type
- 5.2.1. High-Density Polyethylene (HDPE)
- 5.2.2. Low-Density Polyethylene (LDPE)
- 5.2.3. Others
- 5.3. Market Analysis, Insights and Forecast – By Application
- 5.3.1. Wires & Cables
- 5.3.2. Plumbing
- 5.3.3. Medical
- 5.3.4. Chemical
- 5.3.5. Automotive
- 5.3.6. Others
- 5.4. Market Analysis, Insights and Forecast – By Region
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia Pacific
- 5.4.4. Latin America, Middle East and Africa
6. North America Cross-linked Polyethylene Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Type
- 6.2.1. High-Density Polyethylene (HDPE)
- 6.2.2. Low-Density Polyethylene (LDPE)
- 6.2.3. Others
- 6.3. Market Analysis, Insights and Forecast – By Application
- 6.3.1. Wires & Cables
- 6.3.2. Plumbing
- 6.3.3. Medical
- 6.3.4. Chemical
- 6.3.5. Automotive
- 6.3.6. Others
- 6.4. Market Analysis, Insights and Forecast – By Country
- 6.4.1. U.S.
- 6.4.2. Canada
7. Europe Cross-linked Polyethylene Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Type
- 7.2.1. High-Density Polyethylene (HDPE)
- 7.2.2. Low-Density Polyethylene (LDPE)
- 7.2.3. Others
- 7.3. Market Analysis, Insights and Forecast – By Application
- 7.3.1. Wires & Cables
- 7.3.2. Plumbing
- 7.3.3. Medical
- 7.3.4. Chemical
- 7.3.5. Automotive
- 7.3.6. Others
- 7.4. Market Analysis, Insights and Forecast – By Country
- 7.4.1. UK
- 7.4.2. Germany
- 7.4.3. France
- 7.4.4. Italy
- 7.4.5. Spain
- 7.4.6. Russia
- 7.4.7. Rest of Europe
8. Asia Pacific Cross-linked Polyethylene Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Type
- 8.2.1. High-Density Polyethylene (HDPE)
- 8.2.2. Low-Density Polyethylene (LDPE)
- 8.2.3. Others
- 8.3. Market Analysis, Insights and Forecast – By Application
- 8.3.1. Wires & Cables
- 8.3.2. Plumbing
- 8.3.3. Medical
- 8.3.4. Chemical
- 8.3.5. Automotive
- 8.3.6. Others
- 8.4. Market Analysis, Insights and Forecast – By Country
- 8.4.1. China
- 8.4.2. India
- 8.4.3. Japan
- 8.4.4. Australia
- 8.4.5. South East Asia
- 8.4.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa Cross-linked Polyethylene Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Type
- 9.2.1. High-Density Polyethylene (HDPE)
- 9.2.2. Low-Density Polyethylene (LDPE)
- 9.2.3. Others
- 9.3. Market Analysis, Insights and Forecast – By Application
- 9.3.1. Wires & Cables
- 9.3.2. Plumbing
- 9.3.3. Medical
- 9.3.4. Chemical
- 9.3.5. Automotive
- 9.3.6. Others
- 9.4. Market Analysis, Insights and Forecast – By Country
- 9.4.1. Brazil
- 9.4.2. Saudi Arabia
- 9.4.3. UAE
- 9.4.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2021
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. ExxonMobil Chemical Company, Inc.
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. LyondellBasell Industries
- 10.6. 3H Vinacom Co., Ltd
- 10.7. Hanwha Chemicals
- 10.8. Arkema Group
- 10.9. AkzoNobel N.V.
- 10.10. Falcone Specialities AG
- 10.11. Borealis AG
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
