CROSS LINKED POLYETHYLENE MARKET ANALYSIS

Cross Linked Polyethylene MarketSize and Trends

Market Overview

Plumbing was the largest application segment in the global cross linked polyethylene market in 2022 and is expected to retain its dominance throughout the forecast period. Conventionally used plumbing materials such as copper and PVC do not perform well in high temperatures and when highly chlorinated water is transported through them over prolonged periods. This is a key and highly lucrative growth area for manufacturers of cross-linked polyethylene to exploit. Thus, various players in the market are focusing on R&D activities to deploy cross-linked polyethylene (PEX) pipes for the supply of chlorinated water and for radiant heating applications. Also, other emerging applications such as the use of PEX pipes in mining activities and solar applications are also paving way for the growth of the cross-linked polyethylene market globally.

The global cross linked polyethylene market was valued at US$ 5,323.1 million and  in 2022 and is expected to expand at a CAGR of 7.47% in terms of revenue and 6.1% in terms of volume during 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.