Cross-Linked Polyethylene Market By Process (Physical and Chemical Process), By Technology (Peroxide, Silane Grafting, and Electron Beam), By Type (High Density Polyethylene (HDPE), Low Density Polyethylene (LDPE), and Others), By Application (Plumbing, Wires and Cables, Automotive, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) - Trends, Analysis and Forecast Till 2030

The cross-linked polyethylene market, valued at US$ 5.34 billion in 2020, is poised for significant growth. With a projected compound annual growth rate (CAGR) of 6.2%, the market is expected to reach US$ 9.72 billion by 2030, presenting lucrative opportunities for industry professionals, investors, and researchers.

Because polyethylene is thermoplastic, it is an inexpensive material that can be recycled. Polyethylene undergoes cross-linking, which improves its heat resistance and turns it from thermoplastic to thermosetting plastic. Although effective, cross-linked polyethylene pipes are not salt, acid, or moisture resistant. Additionally, polyethylene performs better and is more straightforward to install. Because cross-linked polyethylene has an insulating quality, plumbing, along with wires and cables, is one of its main uses.