Cross Linked Polyethylene is a form of polyethylene with cross links. It is predominantly used in building services pipework systems, hydronic radiant heating and cooling systems, domestic water piping, and insulation for high tension electrical cables. Low temperature impact strength, abrasion resistance and environmental stress cracking resistance are significantly high in this material owing to cross linking. Shifting preferences towards cross linked polyethylene pipes for portable water distribution application has resulted in increased product share in plumbing field which will propel product demand. 

Growing popularity of these materials over conventional copper tubes owing to the corrosion fire resistance property will accelerate industry growth. PEX tubing is suitable for radiant floor heating in residential housings. This heating system varies from traditional heating options, by heating the floors and any objects touching the floor. Radiant heating provides a more even, consistent heat to a room. Furthermore, PEX application potential in medical surgeries over traditional polyethylene wear will accelerate product demand. 

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CROSS LINKED POLYETHYLENE (PEX) MARKET SEGMENTAL OVERVIEW

The report analyses the global Cross Linked Polyethylene (PEX) Market based on material, technology, application and geography. 

CROSS LINKED POLYETHYLENE (PEX) MARKET BY MATERIAL

Various materials studied are segmented into high density polyethylene (HDPE), low density polyethylene (LDPE). High Density Polyethylene (HDPE) is a cost-effective thermoplastic with linear structure and no or low degree of branching. Its key functional benefits include improved resistance to crack, stress, corrosion, and abrasion due to high tensile strength. Extensive usage of these products in pipes and tubes production for gases, hot and cold transportation will propel industry growth. 

CROSS LINKED POLYETHYLENE (PEX) MARKET BY TECHNOLOGY

Furthermore, technology studied in the market includes peroxide (PEXA), silane grafting (PEXB), electron beam (PEXC). Silane crosslinking (PEX-b) has proven to be the most economical way to crosslink polyethylene for cables and pipes along with its other advantages such as environmental friendly technology, low investment cost, and hing flexibility due to a broader processing window, thus driving product demand. 

CROSS LINKED POLYETHYLENE (PEX) MARKET BY APPLICATION

Various application considered in this study includes wires cables, plumbing, automotive, medical. Cross Linked Polyethylene (PEX) has wide application in automotive industry for internal cables and wires. Cross-linking adds brilliant dielectric properties to polyethylene, which is resilient to flow and permanent deformation above the softening point. A global automotive sale according to OICA which is International Organization of Motor Vehicle Manufacturers was 91 million units in 2019. Increase in disposables income, advance vehicles availability and easy access to financial assistance for automobile purchase which will promote product demand

CROSS LINKED POLYETHYLENE (PEX) MARKET BY GEOGRAPHY

The global market is studied for the key regions such as, North America, Europe, Asia Pacific and Rest of the World. Increasing investment on automotive industry and growth in foreign investments due to cheap labour and accessible raw materials favouring automotive sale in the Asia-Pacific region are the major factor promoting the growth of the PEX market. Expanding construction and packaging industries mainly in India and China owing to rise in disposable income will favour industry growth. 

CROSS LINKED POLYETHYLENE (PEX) MARKET COMPETITOR ANALYSIS

The key competitors of this market The DOW Chemical Company, Borealis AG, Arkema Group, Akzonoble N.V., Vinacom Co., Ltd., Lyondellbasell Industries N.V., Exxonmobil Chemical Company, Inc., Falcone Specialities AG, Polyone Corporation, Hanwha Chemical, Polylink Polymers (India) Ltd., Sankhla Polymers Private Limited, Saco Polymers Inc., Solvay SA, Silon S.R.O., Zimmer Inc., Vanderbilt Chemicals LLC

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