Market Definition: Cross-Linked Polyethylene Market
The globalcross-linked polyethylene market accounted for USD 5.10billion in 2016 and is projected to grow at a CAGR of 6.2% during the forecast period of 2019 to 2026.
Polyethylene is low cost commodity plastics that can be reused due to its thermoplastic nature. Cross-linking of polyethylene helps enhance its thermal resistance and the end product so obtained is transformed from thermoplastic to thermosetting plastic. There is a growing demand for cross-linked polypropylene foams in plumbing, wires & cables and automotive activates, which is expected to be one of the major drivers of the market over the next seven years.
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Major Market Drivers & Restraints are as follows:
- Low cost, easy installation, and flexibility over traditional materials
- Growth of the automotive sector
- Need of plastic pipes in the solar sector
- Safety issues regarding pipes and plumbing failure
Key Market Competitors: Cross-Linked Polyethylene Market
Few of the major competitors are The DOW Chemical Company, Arkema Group, Borealis AG, Akzo Noble N.V., Lyondellbasell Industries N.V., 3H Vinacom Co., Ltd., Exxonmobil Chemical Company, Inc., Falcone Specialities AG, Hanwha Chemical, Polyone Corporation, Hyundai EP, Kkalpana Group, Kanoo Group, Polylink Polymers (India) Ltd., Saco Polymers Inc., Sankhla Polymers Private Limited, Silon S.R.O., Solvay SA, Vanderbilt Chemicals LLC, Zimmer Inc.and many more.
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In this market report the market potential has been estimated and careful examination of fundamental sections and provincial markets has been given. The survey likewise sorts the market utilization volume and market share. Analysts have broken down the members alongside their information as well as principals separated from geographical regions and item type. Moreover, the report offers efficient review, product diagrams, and tables to deliver a conclusion.
Market Segmentation: Cross-Linked Polyethylene Market
The cross-linked polyethylene market is segmented on the basis of processinto chemical and physical.
On the basis of technology, the market is segmented intoperoxide, silane grafting and electron beam.
On the basis of type, the market is segmented intohigh density polyethylene (HDPE), low density polyethylene (LDPE)and others.
On the basis of application, the market is segmented intoplumbing, wires & cables, automotive, othersand others.
On the basis of geography, the cross-linked polyethylene market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
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The global cross-linked polyethylene market is fragmented with the presence of a large number of players across different regions. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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