Cross-Linked Polyethylene Market to Reach USD 9.43 Bn by 2026, According to M&M Research Report Published at MarketPublishers.com
07 Feb 2017 • by Natalie Aster
LONDON – Globally, the cross-linked polyethylene marketplace is poised to increase from USD 4.76 billion as of 2015 to amount to USD 9.43 billion in value terms by 2026-end, registering a 6.42% CAGR. By volume, the sector is set to reach 5,424.9 KT.
The surging demand for plastic pipes in the solar energy sector; the ease of installation, flexibility, and inexpensiveness of cross-linked polyethylene as against conventional materials; and a considerable rise of the car sector are amid the key factors propelling the growth of the market.
By type, the high density polyethylene (HDPE) sector dominates the worldwide cross-linked polyethylene market. The demand is driven by effective and substantial usage of the material in the production of pipes and tubings across the commercial and residential industries. The largest application area for cross-linked polyethylene is plumbing, especially in building sewer systems and water transmission systems.
The APAC cross-linked polyethylene market took the lead by both volume and value as of 2015. Sustainable growth in the construction expenditure in India, Vietnam, Thailand, and Indonesia; an upsurge in investments in infrastructure and extensive usage of HDPE pipes in the distribution of natural gas act as the drivers of the market across the APAC region.
Comprehensive report “Cross-Linked Polyethylene Market” elaborated by M&M gives a comprehensive evaluation of the marketplace. It provides all-round market segmentation by process, technology, type, application, and based on geographic regions. The report offers detailed estimates of the market size and future growth potential of the cross-linked polyethylene market across various segments. The study offers an extensive competitive analysis of the leading market participants alongside their company profiles, recent developments, market shares, products, manufacturing capabilities, SWOT analysis, and major market strategies. Detailed insights on advanced technologies, research and development initiatives, and launches of new products in the worldwide cross-linked polyethylene market are provided as well.
More comprehensive market research reports by M&M can be found at its page.