Cross Linked Polyethylene Market Growth Accelerated By Infrastructural Developments

Cross Linked Polyethylene Market
 

 Cross-linked polyethylene (XLPE) is a type of polyethylene thermoplastic vulcanizate that is increasingly used as an insulating material for power cables due to aproperties such as high tensile strength, abrasion resistance, and environmental stress cracking resistance. The growing power cable market driven by infrastructural projects across developing nations is augmenting the demand for XLPE globally. The global Cross Linked Polyethylene Market is estimated to be valued at US$ 15.5 billion in 2023 and is expected to exhibit a CAGR of 3.3% over the forecast period 2023 to 2027, as highlighted in a new report published by Coherent Market Insights.


Market key trends:
Infrastructural developments is one of the key trends driving the growth of the global cross linked polyethylene market. Rapid urbanization and industrialization in emerging economies have increased investments in sectors such as power transmission and distribution, telecommunication, and construction. For instance, in 2020, the Indian government approved infrastructure projects worth US$ 81.65 billion. Moreover, the China International Contractors Association reported that China invested over US$ 126 billion in the Belt and Road Initiative in 2020. The development of rail, road and power transmission networks under these large infrastructure projects will augment the demand for cross linked polyethylene insulated cables due to their flexibility, corrosion resistance and high dielectric strength properties. This, in turn, is expected to propel the cross linked polyethylene market growth over the forecast period.

Segment Analysis
The global cross linked polyethylene market is dominated by the plumbing segment. This segment accounts for over 30% of the overall market share owing to the extensive use of cross linked polyethylene pipes and tubing in pressuring plumbing and drainage application. The pipes and tubing provides superior durability, chemical resistance, and flexibility compared to conventional pipes materials like PVC.These properties make cross linked polyethylene an ideal choice for plumbing applications that require long-lasting performance under extreme conditions.

Key Takeaways
The global cross linked polyethylene market analysis is expected to witness high growth over the forecast period of 2023 to 2028. Rising residential and commercial construction spending along with infrastructure development projects across various regions are fueling the demand for cross linked polyethylene.

Regional analysis:

Asia Pacific is currently the largest and fastest growing market for cross linked polyethylene. Countries like China, India and Southeast Asian countries are witnessing rapid infrastructural development and housing construction activities. This provides a major impetus for the cross linked polyethylene market in the region. Additionally, government initiatives to modernize water supply networks also contribute to regional market growth.

Key players:

Key players operating in the cross linked polyethylene market are The Dow Chemical Company, Arkema Group, Borealis AG, AkzoNobel N.V., LyondellBasell Industries Holdings B.V., Polyone Corporation. The Dow Chemical Company is the global leader with over 25% share in the overall market. The company offers an extensive product portfolio under the brand names DOWLEX and PE-RT for various applications like pipe, cable, sheet etc. Arkema Group holds around 15% share and specializes in PE-X pipe solutions for hot and cold-water plumbing systems.

Get more insights on this topic: https://www.newswirestats.com/cross-linked-polyethylene-market-industry-insights-trends-cross-linked-polyethylene-market/

Comments

Post a Comment

Popular posts from this blog

Increasing aircrafts deliveries to fuel the growth of Aircraft Radome Market

Image
Aircraft Radome Market The global  Aircraft Radome Market is estimated to be valued at US$ 640.7 Mn in 2023 and is expected to exhibit a CAGR of 8.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Radome is a structural, weatherproof enclosure that protects a radar system or antenna and is transparent to electromagnetic waves. Radomes allow radar systems and antennas to function effectively while protecting them from harsh environmental conditions. In aircrafts, radomes provide structural integrity, aircraft aerodynamic compatibility and protection from heat, wind, and other extreme weather conditions of flight. They are made from advanced composite materials like fiberglass, graphite-epoxy, and thermoplastics. Aircraft radomes have applications in both military as well as commercial aircrafts across a wide range of aircraft platforms. Market key trends: One of the major trends in the b is the growin
Read more

The Global Naloxone Market Is Set To Experience Exponential Growth Owing To Rising Opioid Overdoses

Image
   naloxone market The naloxone market has experienced significant growth in recent years owing to increasing cases of opioid overdoses across the globe. Naloxone is an opioid antagonist medication used to reverse the effects of opioid overdoses including life-threatening depression of central nervous system and respiratory functions. The global naloxone market is estimated to be valued at US$ 1,422.26 million in 2024 and is expected to exhibit a CAGR of 4.7% over the forecast period of 2024-2030. Naloxone is administered as an injection into a muscle or vein or as a nasal spray. It is effective against both natural and synthetic opioids such as morphine, heroin, oxycodone, fentanyl, and methadone. Rising abuse and misuse of prescription opioids and increasing societal acceptability of opioids for pain management have been identified as major causes of opioid epidemics in many countries. Moreover, governmental support through policy and funding initiatives for wider public access a
Read more

Feminine Hygiene Products Market Growth Accelerated By Rising Awareness About Women Hygiene

Image
Feminine Hygiene Products Market    Feminine hygiene products provide effective solutions for maintaining women's intimate hygiene and offer convenience during menstrual cycles. Sanitary pads, tampons, panty liners, and menstrual cups are commonly used feminine hygiene products that efficiently absorb menstrual blood flow. The growing awareness about women's hygiene and health and availability of innovative product varieties catering to different needs have accelerated the demand for these products. Factors such as changing lifestyles and rising incomes have further contributed to the increased spending on intimate healthcare needs of women. The global Feminine Hygiene Products Market is estimated to be valued at US$ 41.71 Bn in 2024 and is expected to exhibit a CAGR of 23.% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights. Market key trends: One of the key trends driving the growth in the feminine hygiene products
Read more