세계의 가교 폴리에틸렌(PEX) 시장 예측(-2030년) : 부문별 분석

According to Stratistics MRC, the Global Cross-linked Polyethylene (PEX) Market is accounted for $5,823.4 million in 2023 and is expected to reach $10,922.0 million by 2030 growing at a CAGR of 9.4% during the forecast period. Cross-linked Polyethylene (PEX) is a type of thermoplastic polymer characterized by cross-linking of its polymer chains, enhancing its strength and heat resistance. Widely used in plumbing and heating systems, PEX offers flexibility, durability, and resistance to chemicals and corrosion. Its cross-linked structure allows for easy installation through bending and twisting, reducing the need for joints and fittings, making it a popular choice for residential and commercial piping applications, revolutionizing modern plumbing technology.

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Market Dynamics:

Driver:

Rising focus on energy efficiency

PEX pipes are increasingly preferred for plumbing and heating systems due to their excellent insulation properties, which help conserve energy and reduce heat loss. Government initiatives and regulations aimed at promoting energy efficiency further bolster the demand for PEX pipes. Moreover, incentives, subsidies, and building codes encouraging the use of energy-efficient materials drive the adoption of PEX in construction projects.

Restraint:

High competition

With multiple players vying for market share, competition intensifies, leading to pricing pressures, reduced profit margins, and increased marketing expenses. However, the similarities in product features and functionalities among competing brands often make it challenging to establish distinct value propositions. This can strain the resources of smaller players in the industry, limiting their ability to invest in research and development or expand their market reach gradually impeding this market growth.

Opportunity:

Technological advancements in manufacturing processes

Continuous innovation in production techniques has led to improvements in product quality, efficiency, and cost-effectiveness. Manufacturers have been exploring novel approaches such as electron beam irradiation, peroxide cross-linking, and silane grafting to enhance the cross-linking efficiency and overall performance of PEX pipes. Furthermore, advancements in extrusion technology have enabled the production of PEX pipes with precise dimensions, smooth surfaces, and uniform properties, which is propelling this market size.

Threat:

Lack of awareness

PEX may remain relatively unknown or misunderstood compared to traditional piping materials like copper or PVC. This lack of awareness also extends to end-users, who may not fully understand the advantages of PEX in terms of energy efficiency, cost-effectiveness, and long-term performance. In addition, contractors and installers may lack proper training and expertise in working with PEX, leading to reluctance or errors in implementation, thereby hindering this market expansion.

Covid-19 Impact

The COVID-19 pandemic has had several negative impacts on the cross-linked polyethylene (PEX) market. One significant effect was the disruption in supply chains, particularly concerning raw materials and components essential for PEX production. Lockdowns, restrictions on movement, and closures of manufacturing facilities led to delays in procurement, production, and distribution processes, affecting the availability of PEX products in the market.

The low-density polyethylene (LDPE) segment is expected to be the largest during the forecast period

The low-density polyethylene (LDPE) segment is estimated to hold the largest share due to its specific characteristics that make it suitable for cross-linking. LDPE offers flexibility, excellent resistance to chemicals, and ease of processing, making it an ideal candidate for PEX production. Additionally, LDPE provides cost-effectiveness and availability, contributing to the overall competitiveness of PEX products and driving this segment further.

The PEX-C (electron beam method) segment is expected to have the highest CAGR during the forecast period

The PEX-C (electron beam method) segment is anticipated to have highest CAGR during the forecast period due to its unique manufacturing process and resulting product properties. PEX-C exhibits exceptional durability, thermal stability, and resistance to chemical degradation, making it suitable for a wide range of applications. Moreover, this method offers precise control over cross-linking, allowing manufacturers to tailor PEX-C products to specific performance requirements and regulatory standards, which is boosting this segment's growth.

Region with largest share:

Asia Pacific commanded the largest market share during the extrapolated period owing to rapid urbanization, infrastructure development, and increasing demand for modern plumbing and heating systems. Countries such as China, India, Japan, and South Korea are major contributors to the growth of the PEX market in the region. Moreover, initiatives promoting sustainable and energy-efficient building practices further bolster the adoption of PEX in the region.

Region with highest CAGR:

Europe is expected to witness highest CAGR over the projection period, owing to the region's stringent regulations aimed at promoting energy efficiency and sustainability in construction and infrastructure projects. Innovations in PEX manufacturing processes, such as improved cross-linking methods and advanced material formulations, have led to the development of high-performance PEX products. Additionally, increasing investments in research and development have facilitated the introduction of PEX variants with enhanced properties, further expanding the market's scope.

Key players in the market

Some of the key players in the Cross-linked Polyethylene (PEX) Market include Armacell, Borealis AG, Exxon Mobil Corporation, Arkema, Dow, Lyondelbasell Industries, Avient Corporation, Solvay SA, Hanwha Chemical, Nouryon and Hyundai EP Company.

Key Developments:

In November 2020, Amcor announced the development of the lightest 900-ml Polyethylene Terephthalate (PET) bottle for edible oil in Brazil. The custom-designed bottle for agribusiness and food producer Bunge in Sao Paulo is 22 percent lighter than other bottles while offering great sustainability benefits.

Types Covered:

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

Technologies Covered:

• PEX-A (Engel method)
• PEX-B (Silane method)
• PEX-C (Electron beam method)
• Other Technologies

Applications Covered:

• Plumbing
• Power Cable Insulation
• Radiant Floor Heating Systems
• Other Applications

End Users Covered:

• Residential
• Industrial
• Commercial
• Medical
• Chemical Industry
• Electrical and Electronics
• 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 Technology Analysis
• 3.7 Application Analysis
• 3.8 End User Analysis
• 3.9 Emerging Markets
• 3.10 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 (PEX) Market, By Type

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

6 Global Cross-linked Polyethylene (PEX) Market, By Technology

• 6.1 Introduction
• 6.2 PEX-A (Engel method)
• 6.3 PEX-B (Silane method)
• 6.4 PEX-C (Electron beam method)
• 6.5 Other Technologies

7 Global Cross-linked Polyethylene (PEX) Market, By Application

• 7.1 Introduction
• 7.2 Plumbing
• 7.3 Power Cable Insulation
• 7.4 Radiant Floor Heating Systems
• 7.5 Other Applications

8 Global Cross-linked Polyethylene (PEX) Market, By End User

• 8.1 Introduction
• 8.2 Residential
• 8.3 Industrial
• 8.4 Commercial
• 8.5 Medical
• 8.6 Chemical Industry
• 8.7 Electrical and Electronics
• 8.8 Other End Users

9 Global Cross-linked Polyethylene (PEX) Market, By Geography

• 9.1 Introduction
• 9.2 North America
  • 9.2.1 US
  • 9.2.2 Canada
  • 9.2.3 Mexico
• 9.3 Europe
  • 9.3.1 Germany
  • 9.3.2 UK
  • 9.3.3 Italy
  • 9.3.4 France
  • 9.3.5 Spain
  • 9.3.6 Rest of Europe
• 9.4 Asia Pacific
  • 9.4.1 Japan
  • 9.4.2 China
  • 9.4.3 India
  • 9.4.4 Australia
  • 9.4.5 New Zealand
  • 9.4.6 South Korea
  • 9.4.7 Rest of Asia Pacific
• 9.5 South America
  • 9.5.1 Argentina
  • 9.5.2 Brazil
  • 9.5.3 Chile
  • 9.5.4 Rest of South America
• 9.6 Middle East & Africa
  • 9.6.1 Saudi Arabia
  • 9.6.2 UAE
  • 9.6.3 Qatar
  • 9.6.4 South Africa
  • 9.6.5 Rest of Middle East & Africa

10 Key Developments

• 10.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 10.2 Acquisitions & Mergers
• 10.3 New Product Launch
• 10.4 Expansions
• 10.5 Other Key Strategies

11 Company Profiling

• 11.1 Armacell
• 11.2 Borealis AG
• 11.3 Exxon Mobil Corporation
• 11.4 Arkema
• 11.5 Dow
• 11.6 Lyondelbasell Industries
• 11.7 Avient Corporation
• 11.8 Solvay SA
• 11.9 Hanwha Chemical
• 11.10 Nouryon
• 10.11 Hyundai EP Company