Cross-Linked Polyethylene Market Size

Cross-Linked Polyethylene Market Size

Global Cross-Linked Polyethylene Market size was worth over 3 million tons in 2017 and will witness gains at over 6% from 2018 to 2024. Shifting consumer preference towards cross-linked polyethylene pipes for potable water distribution applications is leading to an increased product share in the plumbing field.

Rapid residential growth in the Asia Pacific countries such as China & India is  among the key factors proliferating the business expansion. Further, significant development in the automobile segment owing to the rise in electric vehicles usage will augment the cross-linked polyethylene market.

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Substantial shifts in the popularity over the conventional copper tubes owing to the corrosion & fire resistance property will enhance the market growth. Widespread applications in the end-use industries are increasing including insulation, packaging, and consumer goods owing to the flexibility, easy installation, and low costing. Rising plastic pipes usage in the solar industry will further fuel the product penetration in the cross-linked polyethylene market.

Inclination towards the usage of cross linked polyethylene  in the medical surgeries over traditional polyethylene wear is expected to enhance the total knee arthroplasty survival rates. For instance, as per the National Centre for Biotechnology Information (NCBI) article, orthopaedic manufacturers are preferring for osteolysis treatment which is caused by polyethylene particulate wear debris. In addition, wear testing of cross-linked polyethylene in hip simulators is witnessing a favourable reduction of wear rate as compared with other polyethylene variants. Surging implementations in electrical tubing and chemical storage tanks will promulgate the product line development. However, safety issues pertaining to the plumbing & pipes failure may restrain the cross-linked polyethylene market growth.