According to the report by Expert Market Research (EMR), the global PEX (cross-linked polyethylene) market is projected to grow at a CAGR of 7.1% between 2024 and 2032. Aided by the robust expansion in the construction industry and the widespread adoption of PEX in various applications, the market is expected to grow significantly by 2032.
PEX, a form of polyethylene with cross-linked bonds in its polymer structure, is increasingly favoured for its high-temperature resistance and durability. It is prevalently utilised in plumbing, heating, and cooling systems, as well as insulation for electrical cables. The product’s flexibility, resilience to breakage, and long life span make it a preferred choice over traditional piping materials like copper and PVC.
The impetus for PEX (cross-linked polyethylene) market growth primarily stems from the booming construction sector, especially in the residential space. There’s an ascending trend for PEX in water supply systems due to its corrosion resistance and ease of installation. In the automotive domain, PEX is crucial for manufacturing lightweight and heat-resistant parts, which contributes to improved fuel efficiency and reduced emissions, aligning with global sustainability trends. Moreover, PEX’s versatility is evident in its application in underfloor heating systems and snow-melting applications in colder regions, which enhances its marketability.
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As per the PEX (cross-linked polyethylene) market analysis, innovation in production technologies has led to the development of new forms of PEX, such as PEX-a, PEX-b, and PEX-c, each with distinct manufacturing processes and properties, expanding its application horizon. This diversity allows manufacturers to cater to specific requirements, increasing PEX’s penetration in markets where it can replace traditional materials.
One of the major factors propelling the PEX (cross-linked polyethylene) market demand in emerging economies, particularly in Asia-Pacific, is rapid urbanisation and industrial growth. Consumer awareness regarding the benefits of PEX, such as its flexibility, resistance to scale and chlorine, no corrosion, and lower system costs, is contributing to its increased adoption over traditional piping systems.
The market’s trajectory is further bolstered by the shifting trends toward sustainable and eco-friendly building materials. PEX’s properties align with green building standards, promoting energy efficiency and reducing the environmental footprint of construction projects, which further contributes to the PEX (cross-linked polyethylene) market size.
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PEX (Cross-Linked Polyethylene) Market Segmentation
The market can be divided based on type, process, technology, application, and region.
Market Breakup by Type
- High-Density Polyethylene (HDPE)
- Low-Density Polyethylene (LDPE)
- Others
Market Breakup by Process
- Chemical
- Physical
Market Breakup by Technology
- PEXA (Peroxide Method)
- PEXB (Silane Method)
- PEXC (E-Beam Method)
Market Breakup by Application
- Wires & Cables
- Plumbing
- Automotive
- Medical
- Chemical Industry
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global PEX (crossed-linked polyethylene) market. Some of the major players explored in the report by Expert Market Research are as follows:
- The Dow Chemical Company
- Borealis AG
- Solvay SA
- Lyondellbasell Industries N.V.
- Exxonmobil Chemical Company, Inc.
- Akzonobel N.V.
- Avient Corporation
- Others
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