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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Cross-linked polyethylene is majorly used in wires and cables, owing to its properties such as insulation, heat-resistance, weather elements, and moisture. Furthermore, increasing demand for cross-linked polyethylene by end-use industries such as mining, solar, and chemical industries are fueling growth of the global cross-linked polyethylene market. On the basis of application, the global cross-linked polyethylene market is segmented into plumbing, wires & cables, automotive, and others (includes mining, chemical industry, and solar). Furthermore, plumbing accounted for largest share in the market, owing to increasing number of residential & commercial construction activities.
Moreover, among application, automotive is the fastest growing segment due to the use of XLPE foams in the under-the-hood, interior and non-interior components of a vehicle. Recent past has witnessed high adoption of XLPE in automotive sector, as leading automakers are focused on reducing the weight of automobiles and to follow regulations related to carbon emissions. Lightweight automobiles have superior fuel economy and better performance, which is the major factor for fueling growth of the automotive segment in the market.
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