Crosslinked Polyethylene is a form of polyethylene with cross-links. It is used predominantly in building services pipework systems, hydronic radiant heating and cooling systems, domestic water piping, and insulation for high tension (high voltage) electrical cables.
Market Analysis and Insights: Global Crosslinked Polyethylene Market
Due to the COVID-19 pandemic, the global Crosslinked Polyethylene market size is estimated to be worth US$ 1443.5 million in 2022 and is forecast to a readjusted size of US$ 2094.4 million by 2028 with a CAGR of 6.4% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Silane Cross-linked accounting for % of the Crosslinked Polyethylene global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Cable segment is altered to an % CAGR throughout this forecast period.
China is the largest consumption market of crosslinked polyethylene in the world in the past few years and it will keep the same position in the next few years. Chinese market took up about 48% the global market in 2015, followed by Europe (included CIS) with the share of 17%, USA is closely followed with the share about 17%. And China is a key importer of crosslinked polyethylene for extra high voltage cables, so far.
Global Crosslinked Polyethylene Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Crosslinked Polyethylene Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Silane Cross-linked
Peroxide Cross-linked
Radiation Cross-linked
Segment by Application
Cable
Tube
Foam
Others
By Company
DowDuPont
Borealis
Wanma MM
Polyone
UBE
Solvay
Jiangsu Dewei
Shanghai Kaibo
Zhonglian Photoelectric
New Shanghua
CGN AM
Original
Hangzhou New Materials
Linhai Yadong
AEI
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina