According to the new market research report “PEX (Crossed-Linked Polyethylene) Market by Type (HDPE, LDPE, Others), Technology (PEXA, PEXB, PEXC), Application (Wires & Cables, Plumbing, Automotive, Others), Region (APAC, Europe, North America, South America, Middle East & Africa) – Global Forecast to 2025″, The PEX (Crossed-Linked Polyethylene) market size is projected to grow from an estimated value of USD 5.5 billion in 2020 to USD 7.9 billion by 2025, at a CAGR of 7.7% during the forecast period. The growth of the PEX market is mainly driven by the growing automotive industry and the growing need for plastic pipes in the solar industry. Automotive is the fastest-growing application of PEX and is projected to record a CAGR of 7.7%, in terms of value, during the forecast period. APAC is the largest market for PEX owing to the rapid urbanization and continuous investments for industrialization.
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HDPE is expected to be the largest type of PEX (Crossed-Linked Polyethylene)used globally in terms of both value and volume. Cross-linked HDPE is used in pipes and tubing in the plumbing segment. The excellent combination of properties makes HDPE an ideal material for diverse applications in various industries. HDPE pipe is extensively used in numerous applications such as the construction of pipelines for transportation of water and gases as it offers quick installation, flexibility, and are lightweight and low cost. HDPE pipes are also frequently used for the transfer of liquids in the agriculture sector. Their properties make them suitable for use in the construction and industrial sectors.
Wires & cables is the largest application of PEX. PEX exhibits high resistance to flame and heat deformation, which makes it suitable for wires & cables. Cross-linking adds brilliant dielectric properties to polyethylene, which is resilient to flow and permanent deformation above the softening point. Expanding transmission & distribution lines in the electrical & communication industry in developing countries is driving the market. Automotive is the fastest-growing application of PEX, as cross-linked LDPE is extensively used in automotive cables and wires.
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The global PEX (Crossed-Linked Polyethylene) market size is estimated at USD 5.5 billion in 2020 and is projected to reach USD 7.9 billion by 2025, at a CAGR of 7.7%, between 2020 and 2025. PEX is a kind of polyethylene consisting of numerous cross-links that result in the formation of a three-dimensional network of high molecular weight compound. The molecular bonds that result in cross-linking improve a large number of properties of polyethylene, such as heat deformation, abrasion, chemical, and stress-crack resistance. Cross-linking changes the thermoplastic nature of polyethylene into thermosetting nature, imparting more strength to it. Cross-linking can be induced in polyethylene by numerous methods, such as reaction with peroxide, silane grafting, and electron beam. PEX is used in various applications, such as building pipework and tubing systems, hydronic radiant heating and cooling systems, and insulation for high-voltage electrical cables.
The key players in the blowing agents market are The Dow Chemical Company (US), Borealis AG (Austria), Solvay (Belgium), Lyondellbasell (Netherlands), Exxonmobil Corporation (US), Polyone Corporation (US), 3H Vinacome Co., Ltd. (Vietname), Falcone Specialities AG (Switzerland), Hanwha Chemical Corporation (South Korea), Hyundai EP (South Korea). The PEX (Crossed-Linked Polyethylene) Market report analyzes the key growth strategies adopted by the leading market players, between 2014 and 2020, which include expansions, merger & acquisition, new product developments, and collaborations.
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The Dow Chemical Company (US) is one of the major players in the PEX (Crossed-Linked Polyethylene) Market . . It manufactures PEX through its packaging and specialty plastics business segment. The company offers PEX for various applications, such as wire & cable insulation, consumer goods, flexible & rigid packaging, heavy-duty tanks, and pipelines. It mainly offers HDPE and LDPE products under the brand name ENDURANCE. Dow operates through 109 manufacturing sites and has a presence in more than 160 countries.
Borealis AG (Austria) is one of the leading players in the PEX (Crossed-Linked Polyethylene) Market. The company manufactures and commercializes polyolefins, base chemicals, and fertilizers for the energy, automotive, packaging, and healthcare sectors. It operates its PEX business through the Polyolefins segment. The company provides polyolefins for applications in energy, automotive, consumer products, and pipe industries. The company operates in over 120 countries globally.
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