Below are some of the key findings from the crosslinked polyethylene market research report:
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Global crosslinked polyethylene industry overview
The adoption of crosslinked polyethylene is increasing significantly as it is a very strong product apart from being heat and chemical-resistant. Because of this, it is a better substitute for the currently used products including copper tubes, plastic insulations, and PVC. Crosslinked polyethylene is a cost-effective option when compared with other polymers. The cost of crosslinked polyethylene materials is almost 20% less than copper or steel, which are used for making pipes. Crosslinked polyethylene products have a long life, which results in the reduction of the overall cost of the product. The low cost of these products will fuel the crosslinked polyethylene market growth during the forecast period.
The increasing demand for crosslinked HDPE will be one of the key crosslinked polyethylene market trends that will gain traction over the forecast period. Crosslinked HDPE has a high tensile strength and high intermolecular forces which is useful in manufacturing different products such as chemical resistant piping, chairs and tables, boats, banners, piping for water and sewer, and plastic bottles. However, they are mainly used in the production of pipes and tubes for construction purposes. Its thermal-resistant property makes it the best-suited material for being used in pipes for radiant heating.
Top crosslinked polyethylene companies covered in this market research report
The crosslinked polyethylene market is fairly fragmented. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this crosslinked polyethylene industry analysis report will aid clients to identify new growth opportunities and design new growth strategies.
The report offers a complete analysis of various companies including:
- Akzo Nobel
- Arkema
- DowDupont
- Hanwha Group
- LyondellBasell Industries
- Solvay
Crosslinked polyethylene market segmentation based on geographic regions
With a complete study of the growth opportunities for the companies, APAC will account for the highest crosslinked polyethylene market share throughout the forecast period. The major factors contributing to the growth of the market in APAC are the growing automobile sector, rising investment in developing economies, strong industrial base, and the escalating number of construction projects in the region.
Crosslinked polyethylene market segmentation based on application
- Plumbing
- Electric cables
- Auto parts
- Others
The plumbing segment will account for the largest share in the crosslinked polyethylene market. Additionally, the report also provides an accurate prediction of the contribution of the various segments to the growth of the crosslinked polyethylene market size.
Key highlights of the global crosslinked polyethylene market for the forecast years 2018-2022:
- CAGR of the market during the forecast period 2018-2022
- Detailed information on factors that will accelerate the growth of the crosslinked polyethylene market during the next five years
- Precise estimation of the global crosslinked polyethylene market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the crosslinked polyethylene industry across the Americas, APAC, and EMEA
- A thorough analysis of the market’s competitive landscape and detailed information on several vendors
- Comprehensive details on the factors that will challenge the growth of crosslinked polyethylene companies
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