CROSS LINKED POLYETHYLENE MARKET ANALYSIS

Regional Analysis

Regional Insights

Asia Pacific, followed by North America and Europe, accounted for a major share in the global cross linked polyethylene market both in terms of revenue and volume in 2022, and the trend is estimated to remain the same over the forecast period. In 2022, Asia Pacific held a share of 47.68% in terms of volume. The growing demand for plumbing in Asia Pacific, due to the growing population, increased urbanization, and growth in commercial sector, is expected to drive the growth of the global cross linked polyethylene market over the forecast period. According to a study conducted by Coherent Market Insights, the global plumbing market is expected to witness a CAGR of 6.3% from 2017 to 2025 which is expected to fuel the global cross linked polyethylene market. Growing urbanization and increasing construction activities especially in emerging economies of India, China and other countries in Latin America is a major factor fueling demand for effective plumbing works, subsequently fueling the growth of the cross-linked polyethylene market. For instance, as per statistics released by India Brand Equity Foundation (IBEF)—a Trust in 2022 established by the Department of Commerce, Ministry of Commerce and Industry, Government of India—the Indian government plans to invest US$ 376.53 billion in infrastructure development over the following three years.

• By Region: North America, Europe, Latin America, Asia, Middle East & Africa, Australia.