The global  PEX (crossed-linked polyethylene) market size is expected to make substantial gains in the forthcoming years owing to increasing demand for high-density polyethylene and low-density polyethylene, finds Fortune Business Insights™ in its report, titled “PEX (Crossed-Linked Polyethylene) market size, share & industry analysis, By Type (High-Density Polyethylene (HDPE), Low-Density Polyethylene (LDPE)), By Process (Chemical, Physical), By Application (Plumbing, Wires & Cables, Automotive, Medical, Chemical)  and regional forecast 2021-2028”.

PEX (crossed-linked polyethylene) is manufactured using two different methods – chemical process and physical process. There are several applications of polyethylene, which include plumbing, automotive, chemical, and others. Cross-linked polyethylene offers many benefits, such as corrosion resistance, low weight, and easy movability. Moreover, it is thermally stable, easy to install, can be used in cables and wires, and also offers high durability. Hence, due to all these beneficial properties of polyethylene, there is an increasing demand for PEX in the chemicals industry, which is driving the growth of this market.

However, the lack of availability of PEX has decreased its demand in several applications, which in turn is projected to restrain the growth of this market.

 

COVID-19 Impact

The COVID-19 pandemic has affected all the businesses and economies across the world. On account of lockdowns in several major economies in 2020 and the continuing of restrictions in 2021, operations across the automotive and chemicals industries have come to a halt. As a result, the crossed-linked polyethylene market growth has also gotten stymied as polyethylene is an essential raw material in many industries.

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Fortune Business Insights™ lists out a few of the renowned companies present in the pex (crossed-linked polyethylene) market. They are as follows: 

  • Dow Chemical Company
  • Borealis AG
  • Solvay
  • LyondellBasell
  • PolyOne Corporation
  • Industrial Blansol S.A.
  • Hanwha Chemical Corporation
  • HDC Hyundai EP
  • Palziv
  • UFP Technologies Inc.

 

Our Sample Report Includes:

  • 2021 Updated Report Introduction, Overview, and In-depth industry analysis
  • COVID-19 Pandemic Outbreak Impact Analysis Included
  • Provide Chapter-wise guidance on Request
  • 2020 Updated Regional Analysis with Graphical Representation of Size, Share & Trends
  • Includes Updated List of table & figures
  • Updated Report Includes Top Market Players with their Business Strategy, Sales Volume, and Revenue Analysis
  • Facts and Factors research methodology

(Note: The sample of this report is updated with COVID-19 impact analysis before delivery)

 

What Does the Report Offer?

  • Deep research into the upcoming market opportunities;
  • Granular evaluation of the market drivers, trends, and restraints;
  • Microscopic analysis of all individual market segments; and
  • Thorough examination of the regional developments and competitive dynamics of the market.

 

Highlights/Summary:

This research report offers an in-depth study of the driving factors, restraints, and trends related to the growth of the market. In addition, this report offers a detailed evaluation of the market segments and regional developments in the market. Further, this report also incorporates a comprehensive analysis of all possible market segments.

 

Drivers/Restraints:

Increasing Usage of Polyethylene in Automotive Sector to Propel Market Growth

Crossed-linked polyethylene is temperature and abrasion-resistant and is also useful in extremely hot or cold conditions. Further, PEX is easy to install and flexible, and can hold intense pressure. Hence, it can be used in the production of tubes and pipes, which has led to an increase in the usage of polyethylene in the automotive sector and is responsible for fuelling the growth of this market. Furthermore, automakers are constantly seeking new materials to manufacture different components. PEX offers an efficient alternative to auto manufacturers to lower their production costs and price their vehicles more competitively.

 

Regional Insights

Booming Industrial Growth to Boost the Asia Pacific Market

Asia Pacific region is projected to lead the crossed-linked polyethylene market share owing to the soaring demand for polyethylene by the rapidly growing industrial sector in the region. In addition, PEX is being adopted by the region’s thriving chemical industry for several applications, which bodes well for the market.

Europe is also anticipated to dominate in this market on account of the growth of the automotive sector, especially in countries such as Germany and England. North America is rapidly emerging as the most promising region for the polyethylene market due to increasing demand for this product in the medical industry.

 

Market Segmentation

By Type

  • High-Density Polyethylene (HDPE)
  • Low-Density Polyethylene (LDPE)

By Process

  • Chemical
  • Physical

By Application

  • Plumbing
  • Wires & Cables
  • Automotive
  • Medical
  • Chemical

By Geography

  • North America (U.S. and Canada)
  • Europe (UK, Germany, France, Italy, Spain, and Rest of Europe)
  • Asia Pacific (Japan, China, Taiwan, India, South Korea, Southeast Asia, and Rest of Asia Pacific)
  • Latin America (Brazil, Mexico, and Rest of Latin America)
  • Middle East & Africa (South Africa, GCC, and Rest of the Middle East & Africa)

On the basis of type, this market is classified into high-density polyethylene and low-density polyethylene. Based on process, the market is divided into chemical and physical. In terms of application, the market is categorized into plumbing, wires & cables, automotive, medical, and chemical. By geography, this market is segregated into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

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Fortune Business Insights™ helps you identify track and stay ahead of your competition through our competitor research studies, our services include:

  • SWOT Analysis
  • Competitor Monitoring
  • Observational Research
  • Competitor Intelligence
  • Competitors Profiling

 

Key Questions Answered:

  • What are the key demands and trends shaping the market?
  • What are the key opportunities in the market?
  • What are the key companies operating in the market?
  • Which company accounted for the highest market share?
  • What is the market size and growth rate of the global and regional market by various segments?
  • What is the market size and growth rate of the market for selective countries?
  • Which region or sub-segment is expected to drive the market in the forecast period?
  • What Factors are estimated to drive and restrain the market growth?
  • Why Choose Fortune Business Insights?

 

Competitive Landscape

Intensifying Competition between Key Players to Fuel Market Innovation

There has been an increase in the competition among companies in the automotive and chemicals sectors for the manufacturing and distribution of crossed-linked polyethylene. The growing intensity among these entities has contributed to a rise in the adoption of PEX across different regions. More importantly, this competition is creating novel innovation opportunities for market players, thereby enhancing the potential of this market.

 

Industry Development

  • September 2020: Borealis and Borouge announced that the crosslinked polyethylene power cables co-developed by them using high-voltage direct current technology by Borealis will be used most of the corridor projects across Germany.

 

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By Emelia Murison

Emelia Murison is a freelance writer and editor with a passion for innovation and technology. She covers breaking industry news, #SpaceForGood, and product reviews for the group. She also provides copywriting services to startups around the world – one of which introduced her to the world of Aerospace.

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