The PEX (Crossed-Linked Polyethylene) Market is expected to grow at > 6.1% during 2021-2026, according to a report from Stratview Research.
COVID-19 pandemic – Boon or a Curse to the industry?
The outbreak of COVID-19 has severely impacted several industries across the world. Tough government measures such as lockdown of major economies, has pressed the ‘pause button’ for most of the industries. For most of the industries, the revenue has gone down in 2020 and has resumed an uptrend gradually from 2021.
Key insights on PEX (Crossed-Linked Polyethylene) Market
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.
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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Market Scope & Market Segmentation
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.
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Which key questions will this report answer?
This market research report focuses to deliver relevant information regarding the market trends, structure and growth during the forecast period of 2020-2025. It also offers insights into different market segments and other factors affecting the market.
Some of the key questions answered by the report are:
Stratview Research’s reports are generated after accumulating data from various authenticated sources. > 10 primary interviews with industry experts are conducted by us for every report. Insights gained from primary interviews, in-depth analysis of company statements and annual reports, accompanied by a number of articles, whitepapers, and reports help us to connect the dots and triangulate the market in the most effective manner.
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