Cross-linked polyethylene Market - Insights, Opportunity Analysis, and Industry Forecast till 2025 Polyethylene are 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. High density polyethylene (HDPE) segment dominated the market in 2016, according to the stats provided by Coherent Market Insights. Cross-linked HDPE is gaining traction over raw HDPE due to its thermosetting nature, high mechanical strength, and better stress crack resistance. Furthermore, cross-linked HDPE can be produced economically and thus, finds wide application in domestic and industrial plumbing services. This in turn, is fueling growth of the global cross linked polyethylene market, a trend that is expected to sustain over the forecast period. The global cross linked polyethylene market was valued at US$ 5,323.1 million and 2,941.2 kilo tons in 2016 and is expected to expand at a CAGR of 6.6% in terms of revenue and 6.1% in terms of volume during 2017 – 2025. Request For Sample Copy of this Research Report : https://www.coherentmarketinsights.com/insight/request-sample/329 Automotive segment is expected to be the fastest growing application area in the cross linked polyethylene market Among application, automotive segment is expected to witness fastest growth over the forecast period. The automotive sales in China grew by 15%, in the U.S. grew by 0.2%, and in Europe 7% Y-o-Y growth in 2016. Therefore, the automotive segment is expected to drive growth of the market due to the rapid growth in the automotive industry. Multinational players Major players in the global Cross Linked Polyethylene market include ExxonMobil Chemical Company, LyondellBasell Industries, 3H Vinacom Co., Hanwha Chemicals, Arkema Group, AkzoNobel N.V., Falcone Specialities AG, Borealis AG, and PolyOne Corporation. For More Information: http://bit.ly/2GBRCTH About Coherent Market Insights: Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity. Contact Us: Mr. Shah Coherent Market Insights 1001 4th Ave, #3200 Seattle, WA 98154 Tel: +1-206-701-6702 Email: sales@coherentmarketinsights.com
Cross-linked polyethylene Market report categorizes global market by Product Type (HDPE, and LDPE), Application (Plumbing, Wires & Cables, Automotive), and Geography - Insights, Opportunity Analysis, and Industry Forecast till 2025
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