Global Cross-Linked Polyethylene Market, By Process (Chemical, Physical), By Technology (Peroxide, Silane Grafting, Electron Beam), By Type (High Density Polyethylene (HDPE), Low Density Polyethylene (LDPE), Others) By Application(Plumbing, Wires & Cables, Automotive, Others) – Industry Trends and Forecast to 2024
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In this report, Global Cross-Linked Polyethylene Market accounted for USD 5.10billion in 2016 and is projected to grow at a CAGR of 6.2% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Polyethylene is low cost commodity plastics that can be reused due to its thermoplastic nature. Cross-linking of polyethylene helps enhance its thermal resistance and the end product so obtained is transformed from thermoplastic to thermosetting plastic.There is a growing demand for cross-linked polypropylene foams in plumbing, wires & cables and automotiveactivates, which is expected to be one of the major drivers of the market over the next seven years.
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Major market drivers and restraint:
- Low cost, easy installation, and flexibility over traditional materials
- Growth of the automotive sector
- Need of plastic pipes in the solar sector
- Safety issues regarding pipes and plumbing failure
On The Basis Of Geography, the cross-linked polyethylene market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa.
On The Basis Of Process:-chemical and physical.
On The Basis Of Technology: - peroxide, silane grafting and electron beam.
On The Basis Of Type:-high density polyethylene (HDPE), low density polyethylene (LDPE)and others.
On The Basis Of Application:-plumbing, wires & cables, automotive, other sand others.
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The global cross-linked polyethylene market is fragmented with the presence of a large number of players across different regions. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
Major Market Competitors:
Some of the major players in cross-linked polyethylene market The DOW Chemical Company, Arkema Group, Borealis AG, Akzo Noble N.V., Lyondellbasell Industries N.V., 3H Vinacom Co., Ltd., Exxonmobil Chemical Company, Inc., Falcone Specialities AG, Hanwha Chemical, Polyone Corporation, Hyundai EP, Kkalpana Group, Kanoo Group, Polylink Polymers (India) Ltd., Saco Polymers Inc., Sankhla Polymers Private Limited, Silon S.R.O., Solvay SA, Vanderbilt Chemicals LLC, Zimmer Inc.and many more.
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