Auto Industry News
Auto Bailout News
Auto Show News
Car Dealers News
| Automotive News
| Submit Press Release
(I-AutoNewsWire.com, July 17, 2020 ) The report "PEX (Crossed-Linked Polyethylene) Market by Type (HDPE, LDPE), Technology (PEXA, PEXB, PEXC), Application (Wires & Cables, Plumbing, Automotive), Region (APAC, Europe, North America, South America, Middle East & Africa) - Global Forecast to 2024" The PEX market is projected to grow from USD 6.1 billion in 2019 to USD 8.3 billion by 2024, at a CAGR of 6.0% during the forecast period. This growth is attributed to the growing demand in the automotive and power industries as well as expansion of the construction industry in the developing economies, globally. In addition, the solar industry is expected to be a factor in driving the PEX market, with producers continuously looking to replace the conventional materials.
Download PDF brochure of the Report @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=257558278
The wires & cables application is expected to drive the PEX market.
The wires & cables application is expected to drive the demand for PEX. PEX exhibits high resistance to flame and heat deformation, which makes it suitable for wires & cables. The high demand from the wires & cables application is due to the increasing urbanization and rapidly rising building infrastructure and construction sectors. Urbanization and growing construction sector have impacted the energy and power demand in the residential, commercial, and industrial sectors. This has augmented investments in smart networks and upgrading of power transmission and distribution systems, which is driving the market. All these factors, along with the increasing R&D spending on new product development, developing economy, favorable trade policies & conditions, and growing middle-class population, are expected to boost the PEX market in developing countries during the forecast period.
HDPE is the fastest-growing type segment of the PEX market.
HDPE is projected to be the fastest-growing type segment of the PEX market. Most of the cross-linked pipes manufactured globally are made from cross-linked HDPE owing to its superior properties such as high tensile strength and resistance to cracks and deformation that occurs due to external factors such as temperature, stress/strain, and climatic changes. It is also easier to install. Unlike the traditional systems that use copper for piping and tubing, cross-linked HDPE does not corrode and maintains its flexural strength. HDPE is used in the packaging of milk jugs, detergent bottles, margarine tubs, and others. HDPE is also used in fireworks. Increasing population, along with the availability of low-cost labor and feedstock, in this region is contributing to higher building & construction activities, which is driving the market for cross-linked HDPE in various applications.
Don't miss out on business opportunities in PEX (Crossed-Linked Polyethylene) Market. Speak to Our Analyst and gain crucial industry insights that will help your business grow. https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=257558278
Browse in-depth TOC on "PEX (Crossed-Linked Polyethylene) Market”
82 - Market Data Tables
41 - Figures
125 - Pages
APAC is projected to be the largest and fastest-growing PEX market.
APAC is estimated to be the largest and fastest-growing PEX market. This growth is attributed to the rapidly growing economy, growth opportunities available in the market, increasing urbanization, and rapidly growing building infrastructure. Moreover, the growing consumption of plastic pipes due to natural gas production and residential & non-residential building construction expenditures in the leading countries of APAC, such as Japan, Australia, and China, are estimated to increase the demand for PEX. Moreover, steady improvements in construction spending in emerging countries such as India and Indonesia and improved investments in industrial and public infrastructure are the key factors responsible for market growth. The need for extremely consistent and corrosion-resistant quality pipes for residential as well as industrial purposes has further positively impacted the PEX market in this region.
The Dow Chemical Company (US), Borealis AG (Austria), Solvay (Belgium), LyondellBasell (Netherlands), ExxonMobil Corporation (US), PolyOne Corporation (US), 3H Vinacom Co., Ltd. (Vietnam), Falcone Specialities AG (Switzerland), Hanwha Chemical Corporation (South Korea), and HDC Hyundai EP (South Korea) are the leading players operating in the PEX market.
Get This Report @ https://www.marketsandmarkets.com/Purchase/purchase_reportNew.asp?id=257558278
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Aashish Mehra