PEX (Crossed-Linked Polyethylene) Market Expected to Collect 8.3 Billion USD by 2024
[125 Pages Report] The "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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HDPE is the major type of PEX, and almost all PEX used for pipe and tubing is made from HDPE. The excellent combination of properties makes HDPE an ideal material for diverse applications in various industries. It is also easier to install. Unlike the traditional systems that use copper for piping and tubing, cross-linked HDPE does not corrode and maintains its flexural strength. The increasing demand for these products due to the high growth in the construction industry and improved investments in the industrial and public infrastructure in the developing regions of APAC, Europe, North America, South America, and the Middle East & Africa are expected to drive the demand for PEX.
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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
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.
Key Market Players
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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