The market report on the PEX (Crossed-Linked Polyethylene) Market published by Stratview Research indicates lucrative growth opportunities in the PEX (Crossed-Linked Polyethylene) Market industry during the next five-year period and ensures more information regarding the market trends. The following summary will give an overview of the challenges, trends, market dynamics, and key players.
PEX (Crossed-Linked Polyethylene) Market Forecast:
The PEX (Crossed-Linked Polyethylene) Market is likely to witness a healthy CAGR of 6.1% during the forecast period. The growth of the market for PEX (crossed-linked polyethylene) is mainly driven by the construction and automotive industries in the Asia-Pacific region.
The growth of this market principally depends upon several factors which have direct or indirect influence on the demand. The report published by Stratview Research has the summary of such factors derived using multiple analysis. These methods help in evaluating the potential of the companies and identify gaps, finding challenges as well as opportunities to lay out a successful roadmap which leads to higher profitability.
Here are the key players in the market –
- 3H Vinacom Co., Ltd.
- Borealis AG
- Exxonmobil Corporation
- Falcone Specialities AG
- Hanwha Chemical Corporation
- HDC Hyundai EP
- LyondellBasell Industries N.V.
- Polyone Corporation
- Solvay S.A.
- The Dow Chemical Company.
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PEX (Crossed-Linked Polyethylene) Market Segmentation:
The report segments are based upon applications, material, product type, demographics, geographics, benefits and volume etc. It also recognizes the most-attractive segments and sub-segments.
PEX (Crossed-Linked Polyethylene) Market Share: By Product Type
Based on the product type, the market is segmented as HDPE, LDPE, and others. The HDPE segment dominated the market in 2019, and is expected to remain dominant during the forecast period. HDPE PEXs are used in pipe and tubing. The excellent properties of HDPE make it an ideal material choice for various applications. Further, it is easy to install and unlike copper, used for piping and tubing, HDPE PEX maintains its flexural strength and does not corrode. All these factors are likely to drive the growth of the segment during the forecast period.
PEX (Crossed-Linked Polyethylene) Market Share: By Technology Type
Based on the technology type, the market is segmented as PEXA, PEXB, and PEXC. PEXA is the most dominant technology used for the production of PEX, as it offers the most uniform degree of cross-linking. In addition, it provides added advantages, such as higher chemical resistance, improved resistance to stress, and better degradation stability, which are estimated to drive the growth of this segment during the forecast period.
PEX (Crossed-Linked Polyethylene) Market Share: By Application Type
Based on the application type, the PEX (crossed-linked polyethylene) market is segmented as wires & cables, plumbing, automotive, and others. The wires & cables segment leads the market owing to its wide usage as electrical insulation in electric cables of all ranges of voltage, but the most preferred ones are for the medium and low ranges of voltage.
PEX (Crossed-Linked Polyethylene) Market Share: By Region
In terms of regions, Asia-Pacific is estimated to be the largest as well as fastest-growing market for PEX (crossed-linked polyethylene) during the forecast period. The region’s market is underpinned by rapid industrialization and expansion in the distribution lines in the communication and electrical industries. In addition, the large-scale employment of wires & cables in the automotive industry is giving an impetus to the growth of the market, with China and India, being the major growth engines of the Asia-Pacific region. North America and Europe are also expected to offer considerable growth opportunities during the forecast period.
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