CROSS LINKED POLYETHYLENE MARKET ANALYSIS

Market Challenges And Opportunities

Driver

High density polyethylene (HDPE) segment dominated the market in 2022 according to the stats provided by Coherent Market Insights. Cross-linked HDPE is gaining traction over raw HDPE due to its thermosetting nature, high mechanical strength, and better stress crack resistance. Furthermore, cross-linked HDPE can be produced economically, and thus finds wide application in domestic and industrial plumbing services. This, in turn, is fueling the growth of the global cross linked polyethylene market, a trend that is expected to sustain over the forecast period (2023-2030)

Market Restraint:

If the PEX tubing exposed to sunlight, the molecular structure breakdown, which makes the piping become more fragile. It should be stored away from sunlight and needs to be protected from sunlight after installation. Exposed to sunlight may result in early tubing failure. This is why PEX is not preferred to be used in the exterior area and this is the factor which affect the growth of the cross –linked polyethylene market.

Covid-19 Analysis:

Companies who produce cross-linked polyethylene were forced to shut their production due to covid-19. The pandemic has led to the shortage of workers, and disruption of logistics in several PEX producing countries. This impacted breakage of supply chain of cross linked polyethylene market.