Market Analysis: Global Cross-Linked Polyethylene Market
The globalcross-linked polyethylene market accounted for USD 5.10billion in 2016 and is projected to grow at a CAGR of 6.2% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Market Definition: Global Cross-Linked Polyethylene Market
Polyethylene is low cost commodity plastics that can be reused due to its thermoplastic nature. Cross-linking of polyethylene helps enhance its thermal resistance and the end product so obtained is transformed from thermoplastic to thermosetting plastic.There is a growing demand for cross-linked polypropylene foams in plumbing, wires & cables and automotiveactivates, which is expected to be one of the major drivers of the market over the next seven years.
Major market drivers:
- Low cost, easy installation, and flexibility over traditional materials
- Growth of the automotive sector
- Need of plastic pipes in the solar sector
- Safety issues regarding pipes and plumbing failure
Market Segmentation: Global Cross-Linked Polyethylene Market
The cross-linked polyethylene market is segmented on the basis of processinto chemical and physical.
On the basis of technology, the market is segmented intoperoxide, silane grafting and electron beam.
On the basis of type, the market is segmented intohigh density polyethylene (HDPE), low density polyethylene (LDPE)and others.
On the basis of application, the market is segmented intoplumbing, wires & cables, automotive, othersand others.
On the basis of geography, the cross-linked polyethylene market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
Competitive Landscape: Global Cross-Linked Polyethylene Market
The global cross-linked polyethylene market is fragmented with the presence of a large number of players across different regions. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
Major Market Competitors: Global Cross-Linked Polyethylene Market
Some of the major players in cross-linked polyethylene market The DOW Chemical Company, Arkema Group, Borealis AG, Akzo Noble N.V., Lyondellbasell Industries N.V., 3H Vinacom Co., Ltd., Exxonmobil Chemical Company, Inc., Falcone Specialities AG, Hanwha Chemical, Polyone Corporation, Hyundai EP, Kkalpana Group, Kanoo Group, Polylink Polymers (India) Ltd., Saco Polymers Inc., Sankhla Polymers Private Limited, Silon S.R.O., Solvay SA, Vanderbilt Chemicals LLC, Zimmer Inc.and many more.
Research Methodology: Global Cross-Linked Polyethylene Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.