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1489469

全球交聯聚乙烯 (PEX) 市場 - 2024-2031

Global Cross-linked Polyethylene (PEX) Market - 2024-2031

出版日期: 2024年06月05日 | 出版商:

DataM Intelligence | 英文 188 Pages | 商品交期: 最快1-2個工作天內

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簡介目錄

概述

全球交聯聚乙烯（PEX）市場2023年達76億美元，預計到2031年將達到139億美元，2024-2031年預測期間複合年成長率為7.8%。

交聯聚乙烯主要應用於管道和管道行業，由於生鏽、成本問題和流通受限等問題，可作為銅、鍍鋅鋼和 PVC 管道等傳統材料的替代品。透過交聯過程，聚乙烯解決了管道挑戰並簡化了安裝過程。 PEX 在管道中的使用帶來了許多好處，包括增強靈活性、減少材料費用、簡化安裝程序和環境優勢。

新興國家快速城市化和基礎設施擴張推動了建築和建築應用領域對 PEX 的需求。隨著城市人口的成長，住宅和商業建築都需要現代、有效的管道系統。 PEX 管道是現代建築項目的不錯選擇，因為它們比舊材料具有一些優點，例如耐用性、耐腐蝕和耐結垢性以及易於安裝。

亞太地區是全球交聯聚乙烯（PEX）市場的成長地區之一，佔市場佔有率超過1/3。由於支持節水和永續建築實踐的政府政策和努力，亞太地區的 PEX 市場正在不斷擴大。為了解決環境問題並維持長期永續性，該地區各國政府更加重視節水措施和綠建築要求。

動力學

產品創新和技術進步

產品創新和技術發展是推動交聯聚乙烯（PEX）市場擴張的主要因素。為了改善PEX材料、生產流程和產品性能，製造商不斷分配資源進行研發。這些發展透過生產具有改進功能（包括更高的靈活性、更強的耐化學性和更高的耐溫性）的產品，提高了 PEX 產品在一系列行業和應用中的實用性。

例如，2022年，住友電氣工業株式會社成功測試了其525 kV交聯聚乙烯（XLPE）絕緣高壓直流（HVDC）海底電纜系統，符合國際標準CIGRE-TB496。第三方認證確認測試完成。隨著再生能源和長距離電力傳輸需求的不斷成長，高壓直流電纜技術日益受到重視。住友電工的成就包括完成了其 525 kV DC XLPE 海底電纜系統的長期測試，這是 XLPE 電纜的最高工業電壓。

XLPE 在建築領域的應用不斷增加

水基礎設施項目的成長推動了對交聯聚乙烯 (PEX) 管道的需求不斷成長，特別是在新興國家。隨著政府致力於現代化和擴大供水網路，以滿足日益成長的人口的需求並提供清潔水，迫切需要耐用且耐腐蝕的管道材料。

印度品牌資產基金會（IBEF）聲稱，印度要實現2025年經濟成長5兆美元的目標，基礎建設不可或缺。根據 2023-24 年預算，基礎設施資本投資增加了 33%，達到盧比。 100 億盧比（1,220 億美元）。因此，隨著建築支出的增加，對交聯聚乙烯的需求也隨之增加。

競爭中替代材料的壓力

銅、PVC 和聚丙烯等替代材料在交聯聚乙烯 (PEX) 行業競爭激烈，嚴重限制了其擴張。儘管 PEX 具有靈活性、安裝簡單性和耐腐蝕性等優點，但銅等傳統材料在市場上已經站穩了腳跟，尤其是在管道系統完善的地區。

在性能和壽命至關重要的行業中，PEX 的採用受到銅的長期彈性和可靠性的阻礙。此外，PVC 和聚丙烯對特定專案的持續承受能力使它們對 PEX 生產商更具競爭力。為了克服這些限制，PEX 製造商需要專注於創新，將其產品與競爭對手區分開來，並解決效能、壽命和環境影響等問題。

環境問題和法規遵從性

全球交聯聚乙烯 (PEX) 市場受到不斷變化的標準和監管問題的嚴重限制。儘管 PEX 通常被認為在管道應用中使用是安全的，但由於擔心化學物質滲入飲用水並對環境造成影響，不同地區有不同的法律。

製造商必須遵守的廣泛的標準和法律網路可能會導致更高的合規成本、更長的產品核准流程以及市場的不可預測性。此外，PEX 製造中使用的某些添加劑的監管變化或禁令可能會擾亂供應鏈，市場准入可能受到限制，使生產商難以遵守安全和合規法規。

Cross-linked polyethylene finds primary application in the pipe and plumbing sector, serving as a substitute for conventional materials like copper, galvanized steel and PVC piping due to issues such as rusting, cost concerns and restricted circulation. Through the process of cross-linking, polyethylene addresses plumbing challenges and offers simplified installation processes. PEX usage in plumbing presents numerous benefits, including enhanced flexibility, reduced material expenses, simplified installation procedures and environmental advantages.

The demand for PEX in construction and building applications is being driven by the fast urbanization and infrastructure expansion occurring in emerging nations. Modern, effective plumbing and pipe systems are required in both residential and commercial structures as urban populations rise. PEX pipes are a good choice for use in contemporary building projects because they have some benefits over older materials, such as durability, resistance to corrosion and scaling and ease of installation.

Asia-Pacific is among the growing regions in the global cross-linked polyethylene (PEX) market covering more than 1/3rd of the market. The PEX market in Asia-Pacific is expanding because of government policies and efforts that support water conservation and sustainable construction practices. To address environmental concerns and maintain long-term sustainability, governments around the area are placing a greater priority on water efficiency measures and green building requirements.

Dynamics

Product Innovation and Technological Advancements

Product innovation and technological developments are major factors propelling the cross-linked polyethylene (PEX) market's expansion. To improve PEX materials, production procedures and product performance, manufacturers are constantly allocating resources to research and development. The developments boost the usefulness of PEX products across a range of sectors and applications by producing products with improved features including increased flexibility, greater chemical resistance and higher temperature resistance.

For Instance, in 2022, Sumitomo Electric Industries, Ltd. successfully tested its 525 kV cross-linked polyethylene (XLPE)-insulated high-voltage direct current (HVDC) submarine cable system, meeting the international standard CIGRE-TB496. Third-party certification confirms the test completion. With the rising demand for renewable energy and long-distance power transmission, HVDC cable technology is gaining prominence. Sumitomo Electric's achievement includes completing a long-term test for its 525 kV DC XLPE submarine cable system, the highest industrial voltage for XLPE cables.

Growing Use of XLPE in the Construction and Building Sector

The expanding demand for cross-linked polyethylene (PEX) pipes is being driven by the growth of water infrastructure projects, especially in emerging nations. Durable and corrosion-resistant pipe materials are desperately needed as governments engage in modernizing and enlarging water distribution networks to satisfy the demands of an increasingly populous population and to provide access to clean water.

The India Brand Equity Foundation (IBEF) claims that for India to meet its goal of US$ 5 trillion in economic growth by 2025, infrastructural development is necessary. Under Budget 2023-24, capital investment in infrastructure has grown by 33% to Rs. 10 lakh crore (US$ 122 billion). Thus, the need for cross-linked polyethylene is increased in response to an increase in building expenditure.

Pressure from Alternative Materials in the Competition

Alternative materials including copper, PVC and polypropylene compete fiercely in the cross-linked polyethylene (PEX) industry, limiting its expansion significantly. Traditional materials like copper are firmly established in the market, especially in areas with well-established plumbing systems, even though PEX offers benefits including flexibility, simplicity of installation and corrosion resistance.

In industries where performance and lifespan are critical, PEX adoption is hampered by copper's long-term resilience and dependability. Plus, PVC and polypropylene's continued affordability for specific projects makes them more competitive for PEX producers. To overcome these limitations, PEX manufacturers need to concentrate on innovation, differentiating their products from competitors and solving issues with performance, longevity and environmental effects.

Environmental Concerns and Regulatory Compliance

The global cross-linked polyethylene (PEX) market is severely constrained by changing standards and regulatory concerns. Although PEX is generally regarded as safe for use in plumbing applications, different locations have differing laws due to worries about chemicals seeping into drinking water and impacts on the environment.

The extensive web of standards and laws that manufacturers must follow can result in higher compliance costs, longer approval processes for products and unpredictability in the market. Furthermore, supply chains may be disrupted and market access may be restricted by regulatory changes or prohibitions on certain additives used in the manufacturing of PEX, making it difficult for producers to comply with safety and compliance regulations.

Segment Analysis

The global cross-linked polyethylene (PEX) market is segmented based on product, technology, process, application and region.

Rising Demand for Cross-linked Polyethylene (PEX) in the Automotive Industry

The Automotive segment is among the growing regions in the global cross-linked polyethylene (PEX) market covering more than 1/3rd of the market. Cross-linked polyethylene (PEX) is growing more and more popular in the automotive sector. The is because PEX tubing is employed in more automotive applications, especially in fluid handling systems like coolant hoses, fuel lines and pneumatic tubing.

In comparison to conventional materials like rubber or metal, PEX has better flexibility and durability as well as increased resistance to abrasion, corrosion and chemical deterioration. Because of these qualities, PEX is a desirable option for automakers looking for dependable, lightweight solutions that can fulfill demanding performance and safety requirements.

Geographical Penetration

Growing Demand for Cross-Linked Polyethylene (PEX) in Building and Construction Industry in Asia-Pacific

Asia-Pacific has been a dominant force in the global cross-linked polyethylene (PEX) market. The cross-linked polyethylene (PEX) market in the Asia-Pacific is expanding rapidly due to this region's fast industrialization and urbanization, which is driving demand for PEX in countries like China, India and Southeast Asia. The requirement for infrastructure development, including the construction of residential and commercial structures, is increasing as the population of cities grows.

Because PEX is strong, flexible and affordable, it's widely used in plumbing, heating and insulation applications. The makes it a popular option in the middle of the region's rapidly expanding building industry. PEX is becoming more and more popular due to its better qualities over more conventional materials like PVC or copper. Because of its resistance to corrosion, simplicity of installation and resilience to environmental and chemical deterioration, PEX is especially well-suited for usage in harsh settings that are common across Asia-Pacific.

Furthermore, the development of improved PEX variations and improvements in manufacturing methods are broadening its application across other sectors, hence driving additional market expansion. PEX market expansion in Asia-Pacific is being driven by government efforts and laws that support infrastructure projects and sustainable development.

Additionally, Governments are placing a greater emphasis on water conservation and green building techniques, which is consistent with PEX's energy efficiency and capacity to preserve water quality. PEX has the potential to be a key player in fulfilling the changing demands of the region by prioritizing the improvement of water infrastructure and the reduction of the climate effects. All of these elements work together to fuel the Asia-Pacific growing PEX demand, which in turn propels stable market development.

COVID-19 Impact Analysis

The outbreak of this pandemic has affected the global market for cross-linked polyethylene (PEX). At first, global supply chains and manufacturing processes were interrupted by the extensive lockdowns and limitations put in place to stop the virus's spread. Production of PEX slowed down as a result of manufacturers closing or operating at a lower capacity.

In addition, project delays, labor shortages and budgetary limitations brought on by the pandemic's economic collapse severely hindered building activity, a crucial end-use market for PEX materials. Demand for PEX goods declined in some areas due to the pandemic's effects on the construction sector, which was impacted by decreased consumer spending and economic instability.

However, this drop was somewhat countered by the increased focus on home remodeling and improvement projects during lockdown times, which was brought on by the need for more comfortable living spaces and the trend towards remote work. Additionally, the pandemic's emphasis on cleanliness and hygiene measures increased demand for PEX pipes and tubing in plumbing applications, especially in residential and hospital environments where PEX's flexibility and corrosion resistance are helpful.

Russia-Ukraine War Impact Analysis

The crisis between Russia and Ukraine significantly impacts the globally market for cross-linked polyethylene (PEX). Polyethylene, essential to the creation of PEX, is one of the primary raw materials produced in both nations. Changes in the availability and cost of raw materials might result from any interruption in the supply chain from these areas, whether due to trade restrictions, sanctions or logistical difficulties brought on by the conflict.

The pricing and accessibility of PEX goods on the international market may be impacted. The might also harm PEX producers globally by raising manufacturing costs and disrupting the supply chain. Geopolitical difficulties and volatility in the area may also make businesses and investors uneasy, which might make them reluctant to make long-term investments and plans for PEX sector growth.

Companies might choose to diversify their raw material sources or their supply chains to reduce the risks related to the war. In general, the Russia-Ukraine crisis adds a degree of risk and volatility to the global PEX market, requiring industry stakeholders to plan strategically and adjust to get through these difficult times.

By Product

Low-Density Polyethylene (LDPE)
Medium Density Polyethylene (MDPE)
High-Density Polyethylene (HDPE)

By Technology

Peroxide
Silane Grafting
Electron Beam Processing

By Process

Physical
Chemical

By Application

Wires & Cables
Plumbing
Medical
Chemical
Automotive
Others

By Region

North America
- U.S.
- Canada
- Mexico
Europe
- Germany
- UK
- France
- Italy
- Russia
- Rest of Europe
South America
- Brazil
- Argentina
- Rest of South America
Asia-Pacific
- China
- India
- Japan
- Australia
- Rest of Asia-Pacific
Middle East and Africa

Key Developments

On September 30, 2022, Sumitomo Electric Industries, Ltd. successfully tested its 525 kV cross-linked polyethylene (XLPE)-insulated high-voltage direct current (HVDC) submarine cable system, meeting the international standard CIGRE-TB496. Third-party certification confirms the test completion. With the rising demand for renewable energy and long-distance power transmission, HVDC cable technology is gaining prominence. Sumitomo Electric's achievement includes completing a long-term test for its 525 kV DC XLPE submarine cable system, the highest industrial voltage for XLPE cables.
On September 01, 2021, The wholly-owned subsidiary of ENEOS Corporation, ENEOS NUC Corporation, announced its facility investment plan to increase the production capacity of polyethylene by about 30,000 tons. Polyethylene is used as insulation on extra high-voltage and high-voltage power cables, which are becoming more and more in demand due to the development of renewable energy sources.

Competitive Landscape

The major global players in the market include Dow Inc., Borealis AG, LyondellBasell Industries Holding B.V., Avient Corporation, SACO AEI Polymers, HDC Hyundai EP Company, 3H Vinacom Co., Ltd, Hanwha Chemical Corporation, Arkema Group and Solvay.

Why Purchase the Report?

To visualize the global cross-linked polyethylene (PEX) market segmentation based on product, technology, process, application and region, as well as understand key commercial assets and players.
Identify commercial opportunities by analyzing trends and co-development.
Excel data sheet with numerous data points of cross-linked polyethylene (PEX) market-level with all segments.
PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
Product mapping available as Excel consisting of key products of all the major players.

The global cross-linked polyethylene (PEX) market report would provide approximately 70 tables, 64 figures and 188 Pages.

Target Audience 2024

Manufacturers/ Buyers
Industry Investors/Investment Bankers
Research Professionals
Emerging Companies

1.Methodology and Scope

1.1.Research Methodology
1.2.Research Objective and Scope of the Report

2.Definition and Overview

3.Executive Summary

3.1.Snippet by Product
3.2.Snippet by Technology
3.3.Snippet by Process
3.4.Snippet by Application
3.5.Snippet by Region

4.Dynamics

4.1.Impacting Factors
- 4.1.1.Drivers
  - 4.1.1.1.Product Innovation and Technological Advancements
  - 4.1.1.2.Growing Use of XLPE in the Construction and Building Sector
- 4.1.2.Restraints
  - 4.1.2.1.Pressure from Alternative Materials in the Competition
  - 4.1.2.2.Environmental Concerns and Regulatory Compliance
- 4.1.3.Impact Analysis

5.Industry Analysis

5.1.Porter's Five Force Analysis
5.2.Supply Chain Analysis
5.3.Pricing Analysis
5.4.Regulatory Analysis
5.5.Russia-Ukraine War Impact Analysis
5.6.DMI Opinion

6.COVID-19 Analysis

6.1.Analysis of COVID-19
- 6.1.1.Scenario Before COVID-19
- 6.1.2.Scenario During COVID-19
- 6.1.3.Scenario Post COVID-19
6.2.Pricing Dynamics Amid COVID-19
6.3.Demand-Supply Spectrum
6.4.Government Initiatives Related to the Market During Pandemic
6.5.Manufacturers Strategic Initiatives
6.6.Conclusion

7.By Product

7.1.Introduction
- 7.1.1.Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 7.1.2.Market Attractiveness Index, By Product
7.2.Low-Density Polyethylene (LDPE)*
- 7.2.1.Introduction
- 7.2.2.Market Size Analysis and Y-o-Y Growth Analysis (%)
7.3.Medium Density Polyethylene (MDPE)
7.4.High-Density Polyethylene (HDPE)

8.By Technology

8.1.Introduction
- 8.1.1.Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology
- 8.1.2.Market Attractiveness Index, By Technology
8.2.Peroxide*
- 8.2.1.Introduction
- 8.2.2.Market Size Analysis and Y-o-Y Growth Analysis (%)
8.3.Silane Grafting
8.4.Electron Beam Processing

9.By Process

9.1.Introduction
- 9.1.1.Market Size Analysis and Y-o-Y Growth Analysis (%), By Process
- 9.1.2.Market Attractiveness Index, By Process
9.2.Physical*
- 9.2.1.Introduction
- 9.2.2.Market Size Analysis and Y-o-Y Growth Analysis (%)
9.3.Chemical

10.By Application

10.1.Introduction
- 10.1.1.Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 10.1.2.Market Attractiveness Index, By Application
10.2.Wires & Cables*
- 10.2.1.Introduction
- 10.2.2.Market Size Analysis and Y-o-Y Growth Analysis (%)
10.3.Plumbing
10.4.Medical
10.5.Chemical
10.6.Automotive
10.7.Others

11.By Region

11.1.Introduction
- 11.1.1.Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
- 11.1.2.Market Attractiveness Index, By Region
11.2.North America
- 11.2.1.Introduction
- 11.2.2.Key Region-Specific Dynamics
- 11.2.3.Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 11.2.4.Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology
- 11.2.5.Market Size Analysis and Y-o-Y Growth Analysis (%), By Process
- 11.2.6.Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 11.2.7.Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 11.2.7.1.U.S.
  - 11.2.7.2.Canada
  - 11.2.7.3.Mexico
11.3.Europe
- 11.3.1.Introduction
- 11.3.2.Key Region-Specific Dynamics
- 11.3.3.Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 11.3.4.Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology
- 11.3.5.Market Size Analysis and Y-o-Y Growth Analysis (%), By Process
- 11.3.6.Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 11.3.7.Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 11.3.7.1.Germany
  - 11.3.7.2.UK
  - 11.3.7.3.France
  - 11.3.7.4.Russia
  - 11.3.7.5.Spain
  - 11.3.7.6.Rest of Europe
11.4.South America
- 11.4.1.Introduction
- 11.4.2.Key Region-Specific Dynamics
- 11.4.3.Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 11.4.4.Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology
- 11.4.5.Market Size Analysis and Y-o-Y Growth Analysis (%), By Process
- 11.4.6.Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 11.4.7.Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 11.4.7.1.Brazil
  - 11.4.7.2.Argentina
  - 11.4.7.3.Rest of South America
11.5.Asia-Pacific
- 11.5.1.Introduction
- 11.5.2.Key Region-Specific Dynamics
- 11.5.3.Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 11.5.4.Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology
- 11.5.5.Market Size Analysis and Y-o-Y Growth Analysis (%), By Process
- 11.5.6.Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 11.5.7.Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 11.5.7.1.China
  - 11.5.7.2.India
  - 11.5.7.3.Japan
  - 11.5.7.4.Australia
  - 11.5.7.5.Rest of Asia-Pacific
11.6.Middle East and Africa
- 11.6.1.Introduction
- 11.6.2.Key Region-Specific Dynamics
- 11.6.3.Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 11.6.4.Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology
- 11.6.5.Market Size Analysis and Y-o-Y Growth Analysis (%), By Process
- 11.6.6.Market Size Analysis and Y-o-Y Growth Analysis (%), By Application

12.Competitive Landscape

12.1.Competitive Scenario
12.2.Market Positioning/Share Analysis
12.3.Mergers and Acquisitions Analysis

13.Company Profiles

13.1.Dow Inc.*
- 13.1.1.Company Overview
- 13.1.2.Product Portfolio and Description
- 13.1.3.Financial Overview
- 13.1.4.Key Developments
13.2.Borealis AG
13.3.LyondellBasell Industries Holding B.V.
13.4.Avient Corporation
13.5.SACO AEI Polymers
13.6.HDC Hyundai EP Company
13.7.3H Vinacom Co., Ltd
13.8.Hanwha Chemical Corporation
13.9.Arkema Group
13.10.Solvay

LIST NOT EXHAUSTIVE