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 increas...