Global PEX (Crossed-Linked Polyethylene) Market is Expected to Generate Huge Profits by 2024
The [125 Pages Report] "PEX (Crossed-Linked Polyethylene) Market by Type (HDPE, LDPE), Technology (PEXA, PEXB, PEXC), Application (Wires & Cables, Plumbing, Automotive), Region (APAC, Europe, North America, South America, Middle East & Africa) - Global Forecast to 2024" The PEX market is projected to grow from USD 6.1 billion in 2019 to USD 8.3 billion by 2024, at a CAGR of 6.0% during the forecast period. This growth is attributed to the growing demand in the automotive and power industries as well as expansion of the construction industry in the developing economies, globally. In addition, the solar industry is expected to be a factor in driving the PEX market, with producers continuously looking to replace the conventional materials.
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Table of Contents
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 PEX Market, By Type
7 PEX Market, By Technology
8 PEX Market, By Application
9 PEX Market, By Region
10 Competitive Landscape
11 Company Profiles
12 Appendix
The wires & cables application is estimated to lead the PEX market during the forecast period. PEX is widely used as electrical insulation in power cables of all voltage ranges, though it is more suited for low and medium voltage applications. This is expected to drive the PEX market in the wires & cables application. PEX is the most common polymeric insulation material, which is resistant to weather, heat, and moisture. It provides better protection to copper wires to transfer energy safely and efficiently. Hence, the increasing demand for wires & cables from these applications is expected to drive the PEX market during the forecast period.
APAC (comprising China, Japan, India, South Korea, Australia, and Rest of APAC) is estimated to be the largest and fastest-growing PEX market during the forecast period. The region’s rapid industrialization and expanding transmission & distribution lines in the electrical & communication industry drive the demand for PEX-based wires & cables. Extensive use of XLPE wires in automotive battery cables, wire & cable coating layer, motors, and other high-voltage resistance materials in APAC is also driving the PEX market. Moreover, the growing residential and non-residential infrastructures in this region are leading to the construction of pipelines and tubing, which is boosting the PEX market in the plumbing application as well.
The Dow Chemical Company (US), Borealis AG (Austria), Solvay (Belgium), LyondellBasell (Netherlands), ExxonMobil Corporation (US), PolyOne Corporation (US), 3H Vinacom Co., Ltd. (Vietnam), Falcone Specialities AG (Switzerland), Hanwha Chemical Corporation (South Korea), and HDC Hyundai EP (South Korea) are the key players operating in the PEX market.
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