세계의 가교 폴리에틸렌(PEX) 시장 평가 : 유형별, 용도별, 최종사용자 산업별, 지역별 기회와 예측(2018-2032년)

Global cross-linked polyethylene market is projected to witness a CAGR of 7.21% during the forecast period 2025-2032, growing from USD 7.43 billion in 2024 to USD 12.96 billion in 2032. The market has experienced significant growth in recent years and is expected to maintain a strong pace of expansion in the coming years.

The cross-linked polyethylene market has experienced rapid growth due to its diverse usage in various sectors, such as plumbing, automotive, and construction. Cross-linked polyethylene is a thermoset polymer formed through the cross-linking process of the polyethylene molecules, thereby giving it durability, flexibility, and resistance to high temperatures, pressure, and chemicals. It can be used in piping systems, insulation, and electrical applications.

In the construction sector, PEX is used quite widely for water supply and radiant heating systems in residential or commercial buildings due to its corrosion resistance and longer life cycle than conventional materials like metals or PVC. Its installation also seems much easier compared to those two. With energy efficiency now taking center stage, the demand for PEX for HVAC systems and insulation applications has been growing increasingly.

The automotive sector is also an important growth opportunity for the PEX market. It is used for fuel lines, wires, and cables because it is light in weight and resists vibration and extreme conditions. In the health sector, it is used for medical equipment and packaging as it is inert to chemicals and is biocompatible.

In June 2022, Borealis collaborated with Uponor to enhance the sustainability of cross-linked polyethylene (PE-X) pipes and produced PEX Pipe Blue, which is the world's first pipe portfolio made from PEX with renewable feedstock accredited by mass balance accounting under the International Sustainability & Carbon Certification Plus (ISCC PLUS) scheme. The new PEX Pipe Blue products boast an unprecedented carbon footprint reduction of up to 90% compared to conventional fossil-based PE-X pipes.

Technological Advancement Propel Growth in the Cross-linked Polyethylene Market

Cross-linked Polyethylene (PEX) is gaining traction in market growth due to its expanding role in energy-efficient heating, safe plumbing, and industrial application. Cross-linked Polyethylene (PEX) pipes provide durability, temperature resistance, and extended service life. Cross-linked Polyethylene (PEX) waste recycling is particularly challenging because of its complexity in chemistry and is widely regarded as non-recyclable.

New-age recycling innovations are fast emerging as key drivers for the development of the market. There has been an increase in pressure from the industry on companies to design more sustainable technologies to achieve the goal of reducing harmful effects on the environment due to waste generated in the production process, creating values from the very same by-products. Additionally, government and regulatory bodies have implemented more stringent waste management policies, which have become a significant force for these changes.

In November 2024, Aduro Clean Technologies Inc. entered into a Memorandum of Understanding (MoU) with GF Building Flow Solutions Americas, focusing on the recycling of PEX waste through Aduro's proprietary Hydrochemolytic Technology (HCT). This collaboration aims to transform cross-linked polyethylene (PEX) production waste into high-quality raw materials. GF Building Flow Solutions Americas is recognized as a leading manufacturer of PEX pipes and is dedicated to sustainable waste management practices aligned with global sustainability goals. This partnership not only strengthens the existing relationship between Aduro and GF but also positions Aduro to penetrate the lucrative PEX pipe market while exploring a potential commercial-scale solution for GF's cross-linked polymer waste stream.

Transforming the Cross-linked polyethylene (PEX) Market: Innovations in Sustainability and Recycling

The cross-linked polyethylene (PEX) market has developed significantly because of its utility in energy-efficient heating and plumbing system operations and safe plumbing solutions. Cross-linked Polyethylene (PEX) pipes are now extremely valued today for their strength, resilience towards heat, and durability. The demand for more sustainable solutions is now pushing the boundaries of innovation, and chemical recycling technologies are showing up as game changers. It provides a viable pathway to manage and recycle waste PEX. These technologies not only provide an environmental impact reduction but also enhance the circularity of plastic materials, a global sustainability goal. Increasing collaboration by manufacturers, technology providers, and recyclers is further enhancing the pace of change.

In February 2023, Neste, Uponor, Waste wise, and Borealis produced the first cross-linked polyethylene (PEX) pipes based on feedstock from chemically recycled PEX waste by using ISCC PLUS-certified mass balancing approach. The consortium turned post-industrial waste into feedstock for manufacturing PEX pipes having properties identical to those of the original material. This achievement can further close the circularity loop on hard-to-recycle plastics for chemical recycling and highlight how chemical recycling is helping build a sustainable future in the industry.

Such innovations set the precedent for future developments in the PEX market. With stakeholders increasingly adopting advanced recycling technologies, the industry is on the cusp of new heights in efficiency and sustainability, making PEX products more environmentally friendly without losing their high-performance standards.

Wires and Cables Application is Expected to be Fastest Growing Market

Wire and Cable are among the leading applications of cross-linked polyethylene (XLPE) due to the increasing demand for durable, high-performance insulating wires. XLPE is widely used in high-voltage and extra-high-voltage applications, as well as submarine cables. In these contexts, it ensures better conductivity, along with temperature resistance and durability, making it an essential material for energy-efficient power distribution and grid infrastructure.

Rapid urbanization, industrial development, and a shift toward renewable sources of energy further fuel the demand for advanced power transmission solutions, such as HVDC (high-voltage direct current). These systems require reliable insulation materials, which XLPE presents as a key enabler in the development of the next generation of cables. Strict regulations encouraging sustainable and efficient energy systems also invest in advanced wire and cable technologies.

In July 2024, South Korea's Taihan Cable & Solution and Hanwha Solutions forged a partnership to advance crucial materials for HVDC submarine and EHV cables. The collaboration supports the development, certification, and commercialization of XLPE insulation, emphasizing it as a critical element within high-performance cable applications. Indeed, this strategic partnership provides the impetus for market expansion that will fuel future growth within the global wire and cable sector, highlighting the pivotal role of XLPE in powering the energy transition.

These initiatives reflect ongoing developments in XLPE technology, which is leading the wire and cable industry to the fastest-growing market for robust, sustainable energy networks worldwide.

Asia-Pacific to Witness Highest Growth Rate in Cross-linked Polyethylene Market

Asia-Pacific will see the highest market growth for the cross-linked polyethylene (XLPE) market due to this region's rapid industrialization, urbanization, and infrastructural development. Various industries, such as construction, automobile industry, and energy sector, are demanding more in the category due to its super-insulating properties, greater temperature resistance, and more durable structures. The region's focus on renewable energy projects and the upgradation of grid infrastructure is further enhancing the demand for XLPE, especially in high-voltage (HV) and extra-high-voltage (EHV) power cables.

China, India, and Southeast Asia countries are investing much in renewable energy projects as well as inefficient power distribution systems, which require advanced insulation materials for XLPE. Besides, the high-performance cross-linked polyethylene pipes and other related products demand is growing across the plumbing and automotive industries, thus adding to regional market growth. Initiatives undertaken by the government for developing sustainable infrastructure as well as encouraging energy efficiency boost the use of XLPE-based solutions.

For instance, in April 2024, Borealis announced to co-invest with ADNOC in a 100,000 metric tons capacity expansion at Borouge's facility in Ruwais, Abu Dhabi. The plant produces cross-linked polyethylene (XLPE) compounds based on Borealis' proprietary Borlink technology. The expansion aims to meet the growing demand for wire and cable compounds throughout Asia-Pacific and the Middle East. The project is expected to be completed by the end of 2025.

Future Market Scenario (2025 - 2032F)

The increasing demand for efficient energy transmission solutions, particularly high-voltage and extra-high-voltage (HV/EHV) cables, will propel cross-linked polyethylene (XLPE) demand. Growth in renewable energy projects and grid modernization initiatives will further boost its adoption.

Development of improved chemical recycling technologies that may address the recyclability issue associated with XLPE to attain circular economy goals, while also supporting global sustainability goals.

Key players are launching DBDPE-free XLPE formulations, such as Avient Corporation's Syncure 200 Series, to comply with emerging environmental regulations and meet market demands for safer, sustainable materials.

Rapid growth of urbanization and industries in Asia-Pacific and the Middle East will spur demand for XLPE in construction, plumbing, and automotive industry.

Key Players Landscape and Outlook

The cross-linked polyethylene market is highly competitive, and major players are focusing on innovation, sustainability, and regulatory compliance to maintain their market positions. Some of the key manufacturers are also actively developing advanced formulations and expanding their product portfolios to meet the evolving demands of various industries such as wire and cable, construction, and automotive.

In October 2023, Avient Corporation enhanced the Syncure XLPE line of business with the introduction of decabromodiphenyl ethane (DBDPE)-free flame-retardant grades in the Syncure XLPE 200 Series. The products offer an environmentally friendly alternative for low-voltage wire and cable insulation to align with the proposed future regulation of Canada, likely to be restrictive of DBDPE use. This would showcase the effort by major participants to meet new regulatory and market expectations by offering innovative products and solutions that comply. The Syncure XLPE 200 Series is manufactured in the United States and commercially available globally.

Furthermore, in July 2023, Avient Corporation announced the expansion of its manufacturing unit of UL-certified Syncure XLPE Cross-Linkable Polyethylene Formulations to Europe, supporting the growing global demand for UL-certified materials for the building and construction market, particularly photovoltaic (PV) cables used in sustainable solar energy generation, which is expected to nearly triple by 2027.

Such advancements, combined with higher investments in production capacities, are molding the competitive landscape of the XLPE market. The proactive strategies of the industry leaders position them to seize emerging opportunities and meet sustainability challenges effectively.

Table of Contents

1. Project Scope and Definitions

2. Research Methodology

3. Executive Summary

4. Voice of Customer

• 4.1. Product and Market Intelligence
• 4.2. Factors Considered in Purchase Decisions
  • 4.2.1. Product Specification
  • 4.2.2. Application Requirement
  • 4.2.3. Price and Availability
  • 4.2.4. Brand

5. Global Cross-linked Polyethylene Market Outlook, 2018-2032F

• 5.1. Market Size Analysis & Forecast
  • 5.1.1. By Value
  • 5.1.2. By Volume
• 5.2. Market Share Analysis & Forecast
  • 5.2.1. By Type
    • 5.2.1.1. LDPE
    • 5.2.1.2. HDPE
    • 5.2.1.3. Others
  • 5.2.2. By Application
    • 5.2.2.1. Plumbing and Heating Systems
    • 5.2.2.2. Chemical Processing Plants
    • 5.2.2.3. Wires and Cables
    • 5.2.2.4. Others
  • 5.2.3. By End-user Industry
    • 5.2.3.1. Chemical
    • 5.2.3.2. Electrical and Electronics
    • 5.2.3.3. Automotive
    • 5.2.3.4. Building and Construction
    • 5.2.3.5. Others
  • 5.2.4. By Region
    • 5.2.4.1. North America
    • 5.2.4.2. Europe
    • 5.2.4.3. Asia-Pacific
    • 5.2.4.4. South America
    • 5.2.4.5. Middle East and Africa
  • 5.2.5. By Company Market Share Analysis (Top 5 Companies and Others - By Value, 2024)
• 5.3. Market Map Analysis, 2024
  • 5.3.1. By Type
  • 5.3.2. By Application
  • 5.3.3. By End-user Industry
  • 5.3.4. By Region

6. North America Cross-linked Polyethylene Market Outlook, 2018-2032F*

• 6.1. Market Size Analysis & Forecast
  • 6.1.1. By Value
  • 6.1.2. By Volume
• 6.2. Market Share Analysis & Forecast
  • 6.2.1. By Type
    • 6.2.1.1. LDPE
    • 6.2.1.2. HDPE
    • 6.2.1.3. Others
  • 6.2.2. By Application
    • 6.2.2.1. Plumbing and Heating Systems
    • 6.2.2.2. Chemical Processing Plants
    • 6.2.2.3. Wires and Cables
    • 6.2.2.4. Others
  • 6.2.3. By End-user Industry
    • 6.2.3.1. Chemical
    • 6.2.3.2. Electrical and Electronics
    • 6.2.3.3. Automotive
    • 6.2.3.4. Building and Construction
    • 6.2.3.5. Others
  • 6.2.4. By Country Share
    • 6.2.4.1. United States
    • 6.2.4.2. Canada
    • 6.2.4.3. Mexico
• 6.3. Country Market Assessment
  • 6.3.1. United States Cross-linked Polyethylene Market Outlook, 2018-2032F*
    • 6.3.1.1. Market Size Analysis & Forecast
      • 6.3.1.1.1. By Value
      • 6.3.1.1.2. By Volume
    • 6.3.1.2. Market Share Analysis & Forecast
      • 6.3.1.2.1. By Type
        • 6.3.1.2.1.1. LDPE
        • 6.3.1.2.1.2. HDPE
        • 6.3.1.2.1.3. Others
      • 6.3.1.2.2. By Application
        • 6.3.1.2.2.1. Plumbing and Heating Systems
        • 6.3.1.2.2.2. Chemical Processing Plants
        • 6.3.1.2.2.3. Wires and Cables
        • 6.3.1.2.2.4. Others
      • 6.3.1.2.3. By End-user Industry
        • 6.3.1.2.3.1. Chemical
        • 6.3.1.2.3.2. Electrical and Electronics
        • 6.3.1.2.3.3. Automotive
        • 6.3.1.2.3.4. Building and Construction
        • 6.3.1.2.3.5. Others
  • 6.3.2. Canada
  • 6.3.3. Mexico

All segments will be provided for all regions and countries covered

7. Europe Cross-linked Polyethylene Market Outlook, 2018-2032F

• 7.1. Germany
• 7.2. France
• 7.3. Italy
• 7.4. United Kingdom
• 7.5. Russia
• 7.6. Netherlands
• 7.7. Spain
• 7.8. Turkey
• 7.9. Poland

8. Asia-Pacific Cross-linked Polyethylene Market Outlook, 2018-2032F

• 8.1. India
• 8.2. China
• 8.3. Japan
• 8.4. Australia
• 8.5. Vietnam
• 8.6. South Korea
• 8.7. Indonesia
• 8.8. Philippines

9. South America Cross-linked Polyethylene Market Outlook, 2018-2032F

• 9.1. Brazil
• 9.2. Argentina

10. Middle East and Africa Cross-linked Polyethylene Market Outlook, 2018-2032F

• 10.1. Saudi Arabia
• 10.2. UAE
• 10.3. South Africa

11. Porter's Five Forces Analysis

12. PESTLE Analysis

13. Market Dynamics

• 13.1. Market Drivers
• 13.2. Market Challenges

14. Market Trends and Developments

15. Case Studies

16. Competitive Landscape

• 16.1. Competition Matrix of Top 5 Market Leaders
• 16.2. SWOT Analysis for Top 5 Players
• 16.3. Key Players Landscape for Top 10 Market Players
  • 16.3.1. Dow Inc.
    • 16.3.1.1. Company Details
    • 16.3.1.2. Key Management Personnel
    • 16.3.1.3. Products and Services
    • 16.3.1.4. Financials (As Reported)
    • 16.3.1.5. Key Market Focus and Geographical Presence
    • 16.3.1.6. Recent Developments/Collaborations/Partnerships/Mergers and Acquisition
  • 16.3.2. Borealis AG
  • 16.3.3. Avient Corporation
  • 16.3.4. 3H Vinacom Co., Ltd.
  • 16.3.5. Arkema S.A.
  • 16.3.6. Solvay S.A.
  • 16.3.7. Exxon Mobil Corporation
  • 16.3.8. LyondellBasell Industries Holdings B.V.
  • 16.3.9. Polyrocks Chemical Co., Ltd.
  • 16.3.10. HDC Hyundai EP Company

Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.

17. Strategic Recommendations

18. About Us and Disclaimer