Crosslinked Polyethylene Market Revenue, Regional and Country Share, Key Factors, Trends and Analysis, till 2027

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The global crosslinked polyethylene market is expected to reach $ 10.77 billion by 2027, according to a new report from Reports and Data.

NEW YORK, NY, USA, Oct 12, 2021 /EINPresswire.com/ – The Global Crosslinked Polyethylene Market Research Report published by Reports and Data is a survey study that provides analysis at scale industry growth trends, end use analysis, and other key data verified and validated by industry experts and professionals. It is the crosslinking polyethylene that gives higher molecular weight of polyethylene, which further contributes to better abrasion resistance, thermal resistance and impact resistance. Crosslinked polyethylene exhibits better resistance to environmental stress cracking, without any loss of its tensile strength.

Crosslinking facilitated the use of polyethylene in the power cable coating. Properties are improved at higher operating temperature in electrical applications – the thermosetting nature of crosslinked polyethylene prevents them from melting on heating. Temperature resistance is the essential property of crosslinked polyethylene.

Strong demand in piping systems, water service piping, and heating and cooling systems will be an important growth axis for the market. The rapid replacement of copper pipes and tubes with the use of crosslinked polyethylene is due to the high flexibility, better corrosion resistance and the ability to operate at higher temperatures. Increasing demand for weather, moisture and temperature resistant materials in the plumbing industry will be a key growth driver in the market.

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In the plumbing sector, it is observed that their polypropylene counterparts replace cross-linked polyethylene pipes. The change is due to government regulations on VOC content and organic carbons. The change is also due to the risk of leakage in the pipes.

The impact of COVID-19:
The covid-19 situation has affected important supply chains and resulted in production cuts in key industries. Infrastructure development has declined due to the pandemic. Stay-at-home regulations and social distancing standards impact construction activities, resulting in poor plumbing operations. The market has seen a significant drop in demand due to the pandemic. The economic slowdown will have an additional impact on infrastructure development and pose major problems for the market. It is essential to put in place strict economic reforms by the government, which can lead to a rapid recovery of the crosslinked polyethylene market.

Major participants include Arkema Group, The Dow Chemical Company, PolyOne Corporation, Solvay, Borealis AG, Akzo Nobel NV, LyondellBasell Industries NV, Borealis AG, Armacell GmbH and Vanderbilt Chemicals LLC, among others.

Other key findings from the report suggest
In the automotive industry, it is used in the insulation of wires and cables, which are used for manufacturing. The chemical industry uses cross-linked polyethylene to store the material, which can cause corrosion on damage to conventional thermoplastics – the current areas of lucrative growth for industries in the years to come.

Asia-Pacific leads the market, with a market share of over 40%, and will experience rapid growth over the next few years. Increasing industrialization, increased construction activity and demand for electrical appliances will bring growth to the market. China is seen as a hub for electrical products. The high voltage resistant nature of crosslinked polyethylene contributes to the widespread adoption of this technology in the region.

The wire and cable segment is expected to grow at the highest rate. It can operate at voltages up to 35 Kv, it is weather resistant and offers many technical advantages over other materials. The high dielectric strength and low electrical conductivity make it an excellent insulator for electrical cables.

The peroxide segment generated the highest market share during the forecast period. The process is widely used because it offers the highest degree of crosslinking in plastics. The process adds to the resistance provided by the material against stress cracking and chemicals. The peroxide process results in excellent processability, low dielectric loss and high breakdown resistance.

In June 2017, The Dow Chemical Company completed construction of its new ELITE improved polyethylene production facility, with a production capacity of 40,000 metric tonnes of polyethylene.

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The report is an in-depth study of key industry elements such as market segmentations, economic scenario, competition landscape, industry chain analysis, upstream raw materials and downstream buyers, and macro and microeconomic factors. It further studies the impact on regional and national industry, segmentation growth, market share, changes in competitive landscape, sales and impact on national players.

For the purpose of this report, reports and data have been segmented on the global market on the basis of product type, technology, application, and region:

Product Type Outlook (Revenue, Billions USD; Volume, Kilo Tons; 2017-2027)

LDPE

Other types

HDPE

Technology Outlook (Revenue, USD Billion; Volume, Kilotons; 2017-2027)

Peroxide

Silane grafting

Electron beam treatment

Application Outlook (Revenue, USD Billion; Volume, Kilotons; 2017-2027)

Wires and cables

Automotive

Plumbing

Medical

Others

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Regional outlook (revenue, billion USD; volume, kilotonnes; 2017-2027)

North America

Europe

Asia Pacific

Middle East and Africa

Latin America

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About reports and data
RND is a market research and consultancy firm that provides syndicated research reports, custom research reports, and consultancy services. Our solutions focus uniquely on your goal to locate, target and analyze changes in consumer behavior across demographics, across industries and help customers make smarter business decisions. We offer market intelligence studies ensuring relevant and factual research across many industries including healthcare, technology, chemicals, power and energy. We are constantly updating our research offerings to ensure that our clients are up to date with the latest trends that exist in the market. Reports and Data has a solid base of experienced analysts from various fields of expertise.

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Reports and data
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