세계 가교 폴리에틸렌 시장 : 유형별, 프로세스별, 최종 사용자별, 지역별, 예측(-2030년)

According to Stratistics MRC, the Global Cross-linked Polyethylene Market is accounted for $7.6 billion in 2023 and is expected to reach $13.5 billion by 2030 growing at a CAGR of 8.5% during the forecast period. The cross-linked polyethylene (PEX) market refers to the industry involved in the production, distribution, and utilization of a versatile thermoset polymer, cross-linked polyethylene. PEX is created through the cross-linking of polyethylene molecules, enhancing its thermal and chemical resistance, flexibility, and durability. PEX's ability to withstand high temperatures and resist chemical degradation also makes it suitable for use in the transportation of chemicals and fluids.

According to India Brand Equity Foundation (IBEF) has stated that India has to develop the infrastructure in order to reach the economic growth target of USD 5 trillion by 2025. Capital investment for infrastructure has been increased by 33% to Rs. 10 lakh crore (USD 122 billion) under Budgest 2023-24.

Market Dynamics:

Driver:

Rising awareness of energy efficiency

As sustainability becomes a priority, PEX emerges as a preferred material in applications such as radiant floor heating systems. The exceptional thermal conductivity of PEX tubing enhances energy efficiency by ensuring optimal heat distribution in buildings, leading to reduced energy consumption and lower utility costs. PEX's insulating properties contribute to minimizing heat loss during the transportation of fluids in various industrial processes.

Restraint:

Price volatility of raw materials

The production of PEX relies on polyethylene, and fluctuations in the cost and availability of this raw material can significantly impact overall manufacturing expenses. Polyethylene prices are subject to various factors, including petroleum prices, global demand, and geopolitical influences, making them susceptible to volatility. Such unpredictability in raw material costs can pose challenges for PEX manufacturers in terms of maintaining consistent product pricing and profit margins. However, sudden spikes in raw material prices may result in increased production costs, potentially leading to higher prices for PEX products.

Opportunity:

Technological advancements

Ongoing innovations in polymer cross-linking technologies lead to the development of enhanced PEX products with improved strength, durability, and performance characteristics. Advanced manufacturing techniques contribute to the production of PEX with increased resistance to chemicals, higher temperature tolerance, and superior flexibility, expanding its applicability across diverse industries. Moreover, innovative extrusion methods and cross-linking agents enable the production of PEX tubing with specific attributes tailored to meet the evolving requirements of end-users.

Threat:

Lack of standardization

Variability in manufacturing processes and product specifications among different PEX producers can lead to a lack of uniformity in the final products. This lack of standardization raises concerns about compatibility, installation practices, and overall product performance. Inconsistencies in dimensions, quality, and characteristics may result in challenges for end-users, contractors, and regulators, impacting the widespread acceptance of PEX. Standardization is crucial for ensuring that PEX products meet specified quality and safety standards, fostering confidence among users and facilitating interoperability in plumbing and construction applications.

Covid-19 Impact:

Disruptions in global supply chains, restrictions on manufacturing activities, and reduced construction projects during lockdowns contributed to a temporary slowdown in the market. With construction being a major consumer of PEX for plumbing and heating applications, the industry faced delays and project cancellations. However, the pandemic also highlighted the importance of efficient plumbing and sanitation systems, potentially driving long-term demand for PEX in construction. The increased focus on health and safety standards might accelerate the adoption of PEX in medical applications due to its chemical resistance.

The chemical segment is expected to be the largest during the forecast period

Chemical segment is expected to hold the largest market share throughout the projection period. Chemical additives and cross-linking agents are tailored to create PEX materials with specific attributes, making them suitable for diverse applications across industries. Continuous research and development in the chemical segment contribute to the production of PEX variants that meet evolving industry standards and environmental regulations. Additionally, chemical innovations play a crucial role in optimizing the cross-linking process, resulting in PEX products with enhanced properties such as improved strength, flexibility, and resistance to chemicals

The wires & cables segment is expected to have the highest CAGR during the forecast period

Wires & Cables segment is expected to have the profitable growth during the forecast period. In the manufacturing of wires and cables, cross-linked polyethylene serves as an ideal insulating material due to its high resistance to heat, chemicals, and electrical conductivity. PEX insulation enhances the overall performance and safety of electrical systems, making it a preferred choice in various applications, including power distribution, telecommunications, and automotive wiring. As technological advancements continue to enhance the properties of cross-linked polyethylene, therefore, this segment is propelling the market growth.

Region with largest share:

Asia Pacific region commanded the largest share of the market over the estimated time frame, due to rapid industrialization, urbanization, and robust construction activities. The burgeoning construction sector in countries like China and India, coupled with the increasing adoption of modern plumbing and heating systems, fuels the demand for PEX in water supply and distribution applications. Furthermore, the Chinese government published Healthy China 2030, a plan outlining its continued intention to make health a top priority as a requirement for long-term social and economic development.

Region with highest CAGR:

Europe region is poised to hold substantial growth during the extrapolated period. The European Union's emphasis on reducing carbon emissions and promoting energy-efficient solutions aligns with the benefits offered by PEX, such as improved insulation and reduced energy consumption in buildings. In addition, it has been estimated that some of the major elements supporting the demand for cross-linked polyethylene over the upcoming years will involve expanding pipelines, developing sewage systems, and building natural gas production units.

Key players in the market

Some of the key players in Cross-linked Polyethylene market include 3H Vinacom Co., Akzo Nobel N.V., Arkema Group, Armacell, Avient Corporation, Borealis AG, Exxon Mobil Corporation, Falcone Specialties AG, Lyondelbasell Industries NV, Nouryon, PolyOne Corporation and Solvay SA.

Key Developments:

In January 2023, Borealis AG announced the recycling of crosslinked polyethylene such as PE-X and XLPE into recycled polyethylene using its Borcycle C chemical recycling process. It enables maintaining industry standards and high application quality, and help customer to capitalize on circular solutions.

In June 2022, Borealis AG had a partnership with Uponorto to improve cross-linked polyethylene (PE-X) pipes and developed PE-X blue pipes, which are pipe portfolio made from PEX with renewable feedstock accredited by mass balance under the International Sustainability & Carbon Certification Plus (ISCC PLUS) scheme.

Types Covered:

• High-density Polyethylene (HDPE)
• Low-density Polyethylene (LDPE)
• Other Types

Processes Covered:

• Chemical
• Physical

End Users Covered:

• Chemical Industry
• Building and Construction
• Automotive
• Wires & Cables
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 End User Analysis
• 3.7 Emerging Markets
• 3.8 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Cross-linked Polyethylene Market, By Type

• 5.1 Introduction
• 5.2 High-density Polyethylene (HDPE)
• 5.3 Low-density Polyethylene (LDPE)
• 5.4 Other Types

6 Global Cross-linked Polyethylene Market, By Process

• 6.1 Introduction
• 6.2 Chemical
• 6.3 Physical

7 Global Cross-linked Polyethylene Market, By End User

• 7.1 Introduction
• 7.2 Chemical Industry
• 7.3 Building and Construction
• 7.4 Automotive
• 7.5 Wires & Cables
• 7.6 Other End Users

8 Global Cross-linked Polyethylene Market, By Geography

• 8.1 Introduction
• 8.2 North America
  • 8.2.1 US
  • 8.2.2 Canada
  • 8.2.3 Mexico
• 8.3 Europe
  • 8.3.1 Germany
  • 8.3.2 UK
  • 8.3.3 Italy
  • 8.3.4 France
  • 8.3.5 Spain
  • 8.3.6 Rest of Europe
• 8.4 Asia Pacific
  • 8.4.1 Japan
  • 8.4.2 China
  • 8.4.3 India
  • 8.4.4 Australia
  • 8.4.5 New Zealand
  • 8.4.6 South Korea
  • 8.4.7 Rest of Asia Pacific
• 8.5 South America
  • 8.5.1 Argentina
  • 8.5.2 Brazil
  • 8.5.3 Chile
  • 8.5.4 Rest of South America
• 8.6 Middle East & Africa
  • 8.6.1 Saudi Arabia
  • 8.6.2 UAE
  • 8.6.3 Qatar
  • 8.6.4 South Africa
  • 8.6.5 Rest of Middle East & Africa

9 Key Developments

• 9.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 9.2 Acquisitions & Mergers
• 9.3 New Product Launch
• 9.4 Expansions
• 9.5 Other Key Strategies

10 Company Profiling

• 10.1 3H Vinacom Co.
• 10.2 Akzo Nobel N.V.
• 10.3 Arkema Group
• 10.4 Armacell
• 10.5 Avient Corporation
• 10.6 Borealis AG
• 10.7 Exxon Mobil Corporation
• 10.8 Falcone Specialties AG
• 10.9 Lyondelbasell Industries NV
• 10.10 Nouryon
• 10.11 PolyOne Corporation
• 10.12 Solvay SA