PEX (Crossed-Linked Polyethylene) Market
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The PEX market size is estimated to grow at a CAGR 6.49% rate during the forecast period. The PEX market is majorly driven by the automotive and construction industries in APAC, especially in emerging countries including India, China, Japan, South Korea, and the Southeast Asian countries.
HDPE is the major type of PEX, and almost all PEX types are used for pipe and tubing applications. HDPE is a material of choice for diverse range of applications as HDPE does not corrode and maintains its flexural strength unlike copper. It is also easier to install. High growth in the construction industry and increased 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.
By technology, PEXa is estimated to lead the PEX market, as it offers the highest and the most uniform degree of cross-linking results in greater use of PEXa for PEX production. Properties of PEXa such as resistance to stress cracking, good weather-ability, improved chemical resistance, and excellent degradation stability are majorly driving the market for PEXa technology as these are important for cable insulation and pipe applications.
By end-use, the wires & cables application is estimated to dominate 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. PEX is the most common used polymeric insulation material as it is resistant to weather, heat, and moisture. It also provides better protection to copper wires while transferring energy.
APAC is estimated to be the largest as well as fastest-growing region for PEX market during the forecast period. Rapid industrialization and expanding transmission & distribution lines in the electrical & communication industry are expected to drive the demand for PEX-based wires & cables. Extensive use of XLPE wires in automotive industry applications ranging from battery cables, wire & cable coating layer, motors, to other high-voltage resistance materials in APAC is also driving the PEX market.
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 in the PEX (Crossed-Linked Polyethylene) Market Market.
Key Questions Addressed by the Report
- What are the upcoming hot bets for the PEX market?
- What are the market dynamics for different types of PEX?
- What are the market dynamics for different technologies of PEX?
- What are the market dynamics for different applications of PEX?
- Who are the major manufacturers of PEX?
- What are the major factors impacting market growth during the forecast period?
2. Research Methodology
Limitation and Assumptions
3. Executive Overview
4. Market Overview
5. PEX Market, By Application
Wires & cables
6. PEX Market, By Polymer
7. PEX Market, By Type
8. PEX Market, By Region
Rest of Europe
Rest of APAC
Rest of Middle East
Rest of the World
9. Company Profiles
Falcone Specialities AG
HDC Hyundai EP
The Dow Chemical Company
3H Vinacom Co., Ltd.
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