The Global Cross-linked Polyethylene Market was valued at US$ 5.32 billion in 2016, according to a new report published by Coherent Market Insights. Increasing construction activities to sustain the ever increasing population, especially in Asia Pacific and Latin America is surging demand for effective plumbing. PEX pipes are gaining traction over conventionally used copper pipes for plumbing. Moreover, these pipes offer various beneficial properties such as flexibility during installation in residential water distribution system; have played a vital role in holding water pressure at fixtures; as relatively inexpensive as compared to copper and PVC pipes; shows greater resistance to corrosion, and fire; and have shown great acceptability in pipe insulation. Owing to these factors, crosslinked polyethylene pipes are now replacing copper, and PVC pipes in the plumbing applications, which in turn is enhancing the growth of global cross-linked polyethylene market.
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The global crosslinked polyethylene market is segmented into various applications namely plumbing, wires & cables, automotive, and others (includes mining, chemical industry, and solar). Plumbing is the largest application segment due to growing residential & commercial construction activities. Automotive application is the fastest growing application due to the use of XLPE foams in the under-the-hood, interior and non-interior components of a vehicle. Use of XLPE has risen significantly in recent times in the automotive sector due to increasing inclination of automakers towards lightweighting. This to ensure regulatory adherence related to carbon emissions. Lightweight have superior fuel economy and better performance, which in turn is the major factor for making the automotive application as the fastest-growing application.
Crosslinked polyethylene are being extensively used in wires and cables due to its high insulating property that is highly resistant to heat, weather elements, and moisture. Furthermore, the rise in demand of cross-linked polyethylene in other end-use industries such as mining, solar, and chemical industries are fueling growth of the global cross-linked polyethylene market.
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