The global cross-linked polyethylene (XLPE) market revenue was around US$ 6.1 billion in 2022 and is estimated to reach US$ 10.75 billion by 2031, growing at a compound annual growth rate (CAGR) of 6.50% during the forecast period from 2023 to 2031.
Cross-linked polyethylene is a kind of polyethylene that has cross-links and is frequently referred to by the acronyms Xilinx power estimator (XPE), or XLPE. It is mostly utilized as insulation for high tension (high voltage) electrical wires, hydronic radiant cooling and heating systems, household water piping, and building services pipework systems.
Market Driving Factors
Growth in applications of XLPE in the construction and building sector will drive market expansion. LDPE cables exhibit moisture resistance, high tensile strength, impact resistance, and chemical resistance. In addition, the surge in inclination towards cables and wires with low impact on the environment increases the utilization of LDPE cables in construction and building activities owing to their recyclability.
The surge in complexity of commercial and industrial applications, particularly in fields such as automotive and healthcare is driving demand for high-quality, specialized cables such as XLPE cables. Therefore, these factors boost the market growth.
The rise in the adoption of high-speed data transmission technologies, such as fiber optic networks is raising the demand for XLPE cables in telecommunications. Thus, these elements fuel the market growth.
Shift towards using polypropylene pipes instead of XLPE pipes owing to the chance of leakage and discharge of organic carbon which is likely to mean a significant challenge for industry players. Therefore, this factor limits the market growth.
Regional Analysis
Asia-Pacific is estimated to dominate the market. This is due to the growth in the construction sector, the surge in investments in public and industrial infrastructure, and the development of water transmission, gas pipelines, and sewer systems fuel by rapid urbanization. Furthermore, cross-linked polyethylene is extensively used in a broad range of industries such as construction and building, medical, automotive, electronics, and electrical. Therefore, these elements will contribute to boosting the market in the region.
According to the International Trade Administration, China is the world’s largest construction market. There is a stimulus-induced infrastructure investment is estimated to surge the industry’s growth. For Instance, China’s 14th Five-Year Plan focuses on new infrastructure projects in energy, transportation, new urbanization, and water systems. They estimate that the overall investment in new infrastructure during the 14th Five-Year Plan period (2021-2025) will reach around US$ 4.2 trillion.
North America dominates the market. This is due surge in vehicle manufacturing and increasing demand for XLPE in dentistry material and medical packaging solutions. Furthermore, the automotive and construction industries and the rise in demand for XLPE in plumbing and water distribution systems boost the cross-linked polyethylene market in the region.
Segmentation Insights
Type Insight
High-density polyethylene (HDPE) segment dominated the market and is estimated to continue its dominance over the forecast period. This can be attributed to the surge in usage of HDPE in wire & cables and plumbing applications. Additionally, the usage of high-density cross-linked polyethylene is also raised in chemical storage tanks owing to its excellent properties such as enhanced environmental stress crack resistance, tensile strength, and high impact.
Low-density polyethylene (LDPE) segment dominates the market. This is due to the significant growth of the cables and wires in the countries such as China, India, Brazil, and some of the Middle Eastern countries.
Prominent Companies
Segmentation Outline
The global cross-linked polyethylene market segmentation focuses on Type, End-user Industry, and Region.
By Type
By End-user Industry
By Region
[TABLE OF CONTENTS]
1 INTRODUCTION OF GLOBAL CROSS-LINKED POLYETHYLENE (XLPE) MARKET
1.1 OVERVIEW OF THE MARKET
1.2 SCOPE OF REPORT
1.3 ASSUMPTIONS
2 EXECUTIVE SUMMARY: CROSS-LINKED POLYETHYLENE (XLPE) MARKET
3 RESEARCH METHODOLOGY
3.1 DATA MINING
3.2 VALIDATION
3.3 PRIMARY INTERVIEWS
3.4 LIST OF DATA SOURCES
3.5 ANALYST TOOLS AND MODELS
4 GLOBAL CROSS-LINKED POLYETHYLENE (XLPE) MARKET OUTLOOK
4.1 OVERVIEW
4.2 MARKET DYNAMICS AND TRENDS
4.2.1 DRIVERS
4.2.2 RESTRAINTS
4.2.3 OPPORTUNITIES
4.3 PORTERS FIVE FORCE ANALYSIS
4.4 VALUE CHAIN ANALYSIS
4.5 MARKET GROWTH AND OUTLOOK
4.5.1 PRICE TREND ANALYSIS
4.5.2 OPPORTUNITY SHARE
5 GLOBAL CROSS-LINKED POLYETHYLENE (XLPE) MARKET, BY TYPE
5.1 OVERVIEW
5.2 HIGH-DENSITY POLYETHYLENE (HDPE)
5.3 LOW-DENSITY POLYETHYLENE (LDPE)
5.4 OTHERS
6 GLOBAL CROSS-LINKED POLYETHYLENE (XLPE) MARKET, BY END-USER INDUSTRY
6.1 OVERVIEW
6.2 BUILDING AND CONSTRUCTION
6.3 ELECTRICAL AND ELECTRONICS
6.4 AUTOMOTIVE
6.5 MEDICAL
6.6 CHEMICAL INDUSTRY
6.7 OTHERS
7 GLOBAL CROSS-LINKED POLYETHYLENE (XLPE) MARKET, BY GEOGRAPHY
7.1 OVERVIEW
7.2 NORTH AMERICA
7.2.1 NORTH AMERICA MARKET SNAPSHOT
7.2.2 U.S.
7.2.3 CANADA
7.2.4 MEXICO
7.3 EUROPE
7.3.1 EUROPE MARKET SNAPSHOT
7.3.2 WESTERN EUROPE
7.3.2.1 THE UK
7.3.2.2 GERMANY
7.3.2.3 FRANCE
7.3.2.4 ITALY
7.3.2.5 SPAIN
7.3.2.6 REST OF WESTERN EUROPE
7.3.3 EASTERN EUROPE
7.3.3.1 POLAND
7.3.3.2 RUSSIA
7.3.3.3 REST OF EASTERN EUROPE
7.4 ASIA PACIFIC
7.4.1 ASIA PACIFIC MARKET SNAPSHOT
7.4.2 CHINA
7.4.3 JAPAN
7.4.4 INDIA
7.4.5 AUSTRALIA & NEW ZEALAND
7.4.6 ASEAN
7.4.7 REST OF ASIA PACIFIC
7.5 MIDDLE EAST & AFRICA
7.5.1 MIDDLE EAST & AFRICA MARKET SNAPSHOT
7.5.2 UAE
7.5.3 SAUDI ARABIA
7.5.4 SOUTH AFRICA
7.5.5 REST OF MEA
7.6 SOUTH AMERICA
7.6.1 SOUTH AMERICA MARKET SNAPSHOT
7.6.2 BRAZIL
7.6.3 ARGENTINA
7.6.4 REST OF SOUTH AMERICA
8 GLOBAL CROSS-LINKED POLYETHYLENE (XLPE) MARKET COMPETITIVE LANDSCAPE
8.1 OVERVIEW
8.2 COMPANY MARKET RANKING
8.3 KEY DEVELOPMENT STRATEGIES
8.4 COMPETITIVE DASHBOARD
8.5 PRODUCT MAPPING
8.6 TOP PLAYER POSITIONING, 2022
8.7 COMPETITIVE HEATMAP
8.8 TOP WINNING STRATEGIES
9 COMPANY PROFILES
9.1 ARKEMA
9.1.1 OVERVIEW
9.1.2 FINANCIAL PERFORMANCE
9.1.3 PRODUCT OUTLOOK
9.1.4 KEY DEVELOPMENTS
9.1.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.2 ARMACELL
9.2.1 OVERVIEW
9.2.2 FINANCIAL PERFORMANCE
9.2.3 PRODUCT OUTLOOK
9.2.4 KEY DEVELOPMENTS
9.2.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.3 AVIENT CORPORATION
9.3.1 OVERVIEW
9.3.2 FINANCIAL PERFORMANCE
9.3.3 PRODUCT OUTLOOK
9.3.4 KEY DEVELOPMENTS
9.3.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.4 BOREALIS AG
9.4.1 OVERVIEW
9.4.2 FINANCIAL PERFORMANCE
9.4.3 PRODUCT OUTLOOK
9.4.4 KEY DEVELOPMENTS
9.4.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.5 DOW
9.5.1 OVERVIEW
9.5.2 FINANCIAL PERFORMANCE
9.5.3 PRODUCT OUTLOOK
9.5.4 KEY DEVELOPMENTS
9.5.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.6 EXXONMOBIL CORPORATION
9.6.1 OVERVIEW
9.6.2 FINANCIAL PERFORMANCE
9.6.3 PRODUCT OUTLOOK
9.6.4 KEY DEVELOPMENTS
9.6.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.7 HANWHA CHEMICAL
9.7.1 OVERVIEW
9.7.2 FINANCIAL PERFORMANCE
9.7.3 PRODUCT OUTLOOK
9.7.4 KEY DEVELOPMENTS
9.7.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.8 LYONDELBASELL INDUSTRIES N.V.
9.8.1 OVERVIEW
9.8.2 FINANCIAL PERFORMANCE
9.8.3 PRODUCT OUTLOOK
9.8.4 KEY DEVELOPMENTS
9.8.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.9 NOURYON
9.9.1 OVERVIEW
9.9.2 FINANCIAL PERFORMANCE
9.9.3 PRODUCT OUTLOOK
9.9.4 KEY DEVELOPMENTS
9.9.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.10 SOLVAY S.A.
9.10.1 OVERVIEW
9.10.2 FINANCIAL PERFORMANCE
9.10.3 PRODUCT OUTLOOK
9.10.4 KEY DEVELOPMENTS
9.10.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
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