The global Cross Linked Polyethylene Market Growth Accelerated by Increasing Usage in Pipelines and Geomembranes
Cross linked polyethylene (XLPE) is a thermoset plastic material formed by cross-linking polyethylene. It is widely used to insulate power cables and coated fabrics due to its high-voltage resistance and endurance properties. XLPE offers benefits like excellent chemical and corrosion resistance along with good mechanical strength. It is increasingly being used in geomembranes for lining in landfills, reservoirs, and mining applications to prevent seepage. The growth of oil & gas pipelines and rising construction activities have also propelled the demand for XLPE in recent years.
The
global Cross Linked Polyethylene Market is estimated to be valued at US$
5720.74 Mn in 2023 and is expected to exhibit a CAGR of 18% over the forecast period 2023 to 2030, as highlighted
in a new report published by Coherent Market Insights.
Market key trends:
The increasing usage of XLPE in pipelines is one of the major trends
witnessed in the cross linked polyethylene market. It is being increasingly
used as an alternative to polyvinyl chloride (PVC) in pipeline transportation
systems owing to its superior pressure resistance. XLPE pipes exhibit10 times
more pressure resistance compared to PVC pipes. This has propelled the
replacement of old PVC pipes with XLPE pipes globally. Furthermore, the rising
demand from the geomembranes industry is fueling market growth. Geomembranes
made from XLPE are gaining widespread acceptance in applications such as waste
containment and water management due to their effectiveness in preventing
liquid migration. They offer benefits such as UV resistance, durability, and
flexibility. The growing construction activities in emerging nations are
expected to drive the demand for XLPE geomembranes over the forecast period.
Segment Analysis
The global
cross linked polyethylene market size is dominated by the plumbing segment.
Around 35% of the global cross linked polyethylene consumption comes from the
plumbing segment used for plumbing pipes and tube applications. This is due to
the excellent chemical resistance and durability of cross linked polyethylene
pipes which makes it the preferred choice for various plumbing applications
like sewage systems, drinking water supply, irrigation systems etc.
Key Takeaways
The global cross linked polyethylene market is expected to witness high
growth. The global Cross Linked Polyethylene Market is estimated to be valued
at US$ 5720.74 Mn in 2023 and is expected to exhibit a CAGR of 18% over the
forecast period 2023 to 2030.
Regional analysis related content
comprises
The Asia Pacific region is currently the largest and fastest growing market
for cross linked polyethylene globally. This is attributed to high economic
growth, rapid industrialization and infrastructure development activities in
major emerging economies of the region such as China and India. The growing
construction industry and rising disposable income levels in Asia Pacific
countries are augmenting the demand for plumbing pipes, conduit pipes and other
tubing applications made from cross linked polyethylene. Additionally,
governments in the region are spending significantly on development of water
supply and sewage systems which is also driving the regional cross linked
polyethylene market.
Key players related content comprises
Key players operating in the cross linked polyethylene market are AZUR
DRONES SAS, Microdrones GmbH, Parrot Drones SAS, Aerialtronics, FLIR Systems,
Inc, Flyability, Aria Insights, Delair, Autel Robotics, Kespry Inc, ideaForge,
and others.
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