PEX (crossed Linked Polyethylene) Market | Covid-19 Impact Analysis

PEX (Crossed-Linked Polyethylene) Market Insights

PEX (Crossed-Linked Polyethylene) market is likely to witness a healthy CAGR of 6.1% during the forecast period. The growth of the market for PEX (crossed-linked polyethylene) is mainly driven by the construction and automotive industries in the Asia-Pacific region.

Market Share Analysis

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PEX (Crossed-Linked Polyethylene) Market Share: By Product Type

Based on the product type, the market is segmented as HDPE, LDPE, and others. The HDPE segment dominated the market in 2019, and is expected to remain dominant during the forecast period. HDPE PEXs are used in pipe and tubing. The excellent properties of HDPE make it an ideal material choice for various applications. Further, it is easy to install and unlike copper, used for piping and tubing, HDPE PEX maintains its flexural strength and does not corrode. All these factors are likely to drive the growth of the segment during the forecast period.

PEX (Crossed-Linked Polyethylene) Market Share: By Technology Type

Based on the technology type, the market is segmented as PEXA, PEXB, and PEXC. PEXA is the most dominant technology used for the production of PEX, as it offers the most uniform degree of cross-linking. In addition, it provides added advantages, such as higher chemical resistance, improved resistance to stress, and better degradation stability, which are estimated to drive the growth of this segment during the forecast period.

PEX (Crossed-Linked Polyethylene) Market Share: By Application Type

Based on the application type, the PEX (crossed-linked polyethylene) market is segmented as wires & cables, plumbing, automotive, and others. The wires & cables segment leads the market owing to its wide usage as electrical insulation in electric cables of all ranges of voltage, but the most preferred ones are for the medium and low ranges of voltage.

PEX (Crossed-Linked Polyethylene) Market Share: By Region

In terms of regions, Asia-Pacific is estimated to be the largest as well as fastest-growing market for PEX (crossed-linked polyethylene) during the forecast period. The region’s market is underpinned by rapid industrialization and expansion in the distribution lines in the communication and electrical industries. In addition, the large-scale employment of wires & cables in the automotive industry is giving an impetus to the growth of the market, with China and India, being the major growth engines of the Asia-Pacific region. North America and Europe are also expected to offer considerable growth opportunities during the forecast period.

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Some of the major PEX (crossed-linked polyethylene) manufacturers are-

• 3H Vinacom Co., Ltd.
• Borealis AG
• Exxonmobil Corporation
• Falcone Specialities AG
• Hanwha Chemical Corporation
• HDC Hyundai EP
• LyondellBasell Industries N.V.
• Polyone Corporation
• Solvay S.A.
• The Dow Chemical Company.

Market Scope & Segmentation

PEX (Crossed-Linked Polyethylene) is a form of polyethylene with cross-links. It is an alternative of chlorinated polyvinyl chloride (CPVC) and polyvinyl chloride (PVC). It is used in hydronic radiant heating and cooling systems, building services pipework systems, domestic water piping, and insulation for high tension (high voltage) electrical cables, offshore oil applications, natural gas, transportation of sewage, and chemical transportation.

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The PEX (crossed-linked polyethylene) market is segmented into the following categories. 

PEX (Crossed-Linked Polyethylene) Market Size, Share, & Forecast, by Product Type:

• HDPE (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• LDPE (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

PEX (Crossed-Linked Polyethylene) Market Size, Share, & Forecast, by Technology Type:

• PEXA (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• PEXB (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• PEXC (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

PEX (Crossed-Linked Polyethylene) Market Size, Share, & Forecast, by Application Type:

• Wires & Cables (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Plumbing (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Automotive (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

PEX (Crossed-Linked Polyethylene) Market Size, Share, & Forecast, by Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the product types by application type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].