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

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Date: 17-Jun-2019
No. of pages: 125
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The growth of the construction, automotive, and power industries is expected to drive the PEX market.

The PEX market size is estimated to be USD 6.1 billion in 2019 and is projected to reach USD 8.3 billion by 2024, at a CAGR of 6%.The increasing demand for PEX wires & cables from the power, communication, and automotive industries is the major factor driving the global PEX demand during the forecast period. Furthermore, PEX is used in various applications such as building pipework and tubing systems, hydronic radiant heating, and cooling systems. However, PEX tubing cannot be used in applications exposed to sunlight and is vulnerable to being perforated by the mouthparts of plant-feeding insects. Moreover, there can be safety issues and chances of plumbing failure as well. These are some of the factors that are expected to restrain market growth during the forecast period.

HDPE is the largest and fastest-growing type of PEX.

HDPE is estimated to be the fastest-growing type of PEX between 2019and 2024. HDPE is expected to register a slight increase in demand as compared to LDPE 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. Furthermore, the rising demand for HDPE in developing countries worldwide owing to the steady growth in construction spending and improved investments in the industrial and public infrastructure are the key factors responsible for market growth.

PEXa is the largest technology of PEX.

The PEXa technology is estimated to lead the PEX market in 2019. It is the most frequently used technology for the production of PEX as it offers the maximum and the most uniform degree of cross-linking. PEXa has numerous advantages such as improved resistance to stress cracking, decent weather ability, better chemical resistance, and superb degradation stability. These properties are significant for cable insulation and pipe applications, thereby, driving the demand for PEXa technology.

Wires & cables is the largest application of PEX.

The wires & cables application is projected to lead the PEX market during the forecast period. PEX is extensively used as electrical insulation in power cables of all voltage ranges, though it is more appropriate for low and medium voltage applications. This is likely to drive the PEX market in the wires & cables application. PEX is the most common polymeric insulation material, which is resistant to weather, heat, and moisture. It delivers better protection to copper wires to transfer energy safely and efficiently. Hence, the growing demand for wires & cables from these applications is expected to drive the PEX market during the forecast period.

“APAC is the largest as well as the fastest-growing market for PEX.”

APAC (comprising China, Japan, India, South Korea, Australia and Rest of APAC) is estimated to be the largest and fastest-growing PEX market during the forecast period. The region’s rapid industrialization and expanding transmission & distribution lines in the electrical & communication industry drive the demand for PEX-based wires &cables. Extensive use of XLPE wires in automotive battery cables, wire &cable coating layer, motors, and other high-voltage resistance materials in APAC is also driving the PEX market. Moreover, the growing residential and non-residential infrastructures in this region are leading to the construction of pipelines and tubing, which is boosting the PEX market in the plumbing application as well.

Extensive primary interviews were conducted in the process of determining and verifying sizes of different types, technologies, and applications of the PEX market gathered through secondary research.

The breakdown of primary interviews is given below:


  • By Company Type: Tier 1 –30%, Tier 2 –43%,and Tier 3–27%

  • By Designation: C Level Executives–21%, Director Level –23%, and Others –56%

  • By Region: North America –30%, Europe –18%, APAC–41%, South America – 6%, Middle East & Africa – 5%


The key companies profiled in this report on the PEX market include 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).

Research Coverage

The PEX market has been segmented based on type, technology, application, and region. This report covers the PEX market and forecasts its market size until 2024. It also provides detailed information on company profiles and competitive strategies adopted by the key players to strengthen their position in the PEX market. The report also provides insights into the drivers and restraints in the PEX market along with opportunities and challenges. The report also includes profiles of top manufacturers in thePEX market.

Reasons to Buy the Report

The report is expected to help the market leaders/new entrants in the following ways:


  • This report segments the PEX market and provides the closest approximations of revenue numbers for the overall market and its segments across different verticals and regions.

  • This report is expected to help stakeholders understand the pulse of the PEX market and provide information on key market drivers, restraints, challenges, and opportunities influencing the market growth.

  • This report is expected to help stakeholders obtain an in-depth understanding of the competitive landscape of the PEX market and gain insights to improve the position of their businesses. The competitive landscape section includes detailed information on strategies such as new product launch and expansion.

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

Table of Contents

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 PEX Market Segmentation
1.3.2 Region Covered
1.3.3 Years Considered for the Study
1.4 Currency
1.5 Unit Considered
1.6 Limitations
1.7 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.2.1 Top-Down Approach
2.2.2 Bottom-Up Approach
2.3 Market Breakdown and Data Triangulation
2.4 Assumptions

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the PEX Market
4.2 PEX Market Growth, By Type
4.3 PEX Market, By Type and Region
4.4 PEX Market, By Application
4.5 PEX Market: Major Countries

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Superior Properties Compared to Conventional Materials
5.2.1.2 Growing Demand From the Automotive Industry
5.2.1.3 Growing Demand in the Packaging Industry
5.2.1.4 Growing Need for Plastic Pipes in the Solar Industry
5.2.2 Restraints
5.2.2.1 Degradation From Sunlight and Perforation By Insects
5.2.2.2 Safety Issues and Chances of Plumbing Failure
5.2.3 Opportunities
5.2.3.1 Increasing Demand for Cross-Linked HDPE
5.2.4 Challenges
5.2.4.1 Replacement of PEX By Polypropylene Pipes
5.2.4.2 Fluctuation in Raw Material Prices
5.3 Porter’s Five Forces Analysis
5.3.1 Bargaining Power of Suppliers
5.3.2 Threat of New Entrants
5.3.3 Threat of Substitutes
5.3.4 Bargaining Power of Buyers
5.3.5 Intensity of Competitive Rivalry
5.4 Macroeconomic Indicators
5.4.1 Introduction
5.4.2 Trends and Forecasts of GDP
5.4.3 Global Automotive Production

6 PEX Market, By Type
6.1 Introduction
6.2 High-Density Polyethylene (HDPE)
6.2.1 Non Corrosive and Efficient Pricing Makes HDPE PEX the Preferred Choice in Plumbing Application
6.3 LDPE
6.3.1 Usage at Higher Operating Temperatures, Makes Cross-Linked LDPE A Good Insulation Material in Wires & Cables Application
6.4 Others

7 PEX Market, By Technology
7.1 Introduction
7.2 PEXA
7.2.1 Excellent Heat Stability, Better Hot Tear, and Enhanced Stability to Increase the Use of PEXA Technology for Cable Insulation and Plumbing Applications.
7.3 PEXB
7.3.1 Cost-Effective and Higher Gel Percentage to Drive the PEXB Market, Globally
7.4 PEXC
7.4.1 Energy-Efficient Characteristics to Drive the PEXC Market in End-Use Applications, Globally

8 PEX Market, By Application
8.1 Introduction
8.2 Wires & Cables
8.2.1 Wires & Cables to Be the Largest Application of PEX
8.3 Plumbing
8.3.1 PEX Plumbing Installations Cost Less Than Copper Pipes
8.4 Automotive
8.4.1 Low Production Cost and Easy Availability are Factors Responsible for the High Consumption of PEX in the Automotive Application
8.5 Others

9 PEX Market, By Region
9.1 Introduction
9.2 APAC
9.2.1 China
9.2.1.1 Rising In-Vehicle Wiring Applications and Infrastructural Development are Augmenting the Market Growth
9.2.2 Japan
9.2.2.1 Advanced Communication Industry and Growing Use of Electronic Cars are Fueling the Growth of the PEX Market
9.2.3 South Korea
9.2.3.1 Infrastructural Developments and Rapid Industrialization are Providing Opportunities to Market Players for Growth
9.2.4 India
9.2.4.1 Upcoming Infrastructure Projects and Growing Urbanization are Fueling the Demand for PEX Products
9.2.5 Australia
9.2.5.1 Growth in the Construction, Power, and Telecommunication Industries is Driving the PEX Market
9.2.6 Rest of APAC
9.3 Europe
9.3.1 Germany
9.3.1.1 The Demand for PEX Wiring in the Growing Automotive Application is Driving the Market
9.3.2 Italy
9.3.2.1 Increasing Power Consumption to Drive the PEX Market in Wire & Cables Application
9.3.3 UK
9.3.3.1 Increased Spending on Infrastructure Activities to Drive the  PEX Market
9.3.4 France
9.3.4.1 Growing Automotive, Packaging, and Medical Sectors are Expected to Drive the PEX Market
9.3.5 Russia
9.3.5.1 Increasing Demand for Automotive Wires and Cables is Expected to Support the Market Growth in Automotive
9.3.6 Turkey
9.3.6.1 Growth in the Telecommunication Industry of Turkey is Driving the Market for PEX in the Wires & Cables Application
9.3.7 Rest of Europe
9.4 North America
9.4.1 US
9.4.1.1 Increase in Radiant Heating Application and Demand for Packaged Foods to Drive the PEX Market
9.4.2 Canada
9.4.2.1 Growing Construction and Automotive Applications to Boost the Market in Canada
9.4.3 Mexico
9.4.3.1 Use of PEX Wires in the Power Industry and Automotive Wiring is Driving the Market in Mexico
9.5 South America
9.5.1 Brazil
9.5.1.1 Continuous Development in the Construction and Power Industries Due to the Steady Economic Growth is Driving the Market
9.5.2 Argentina
9.5.2.1 Increasing Use of Wires & Cables in the Automotive Industry is Expected to Boost the PEX Market
9.5.3 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.1.1 The Rapid Infrastructural Development Along With Low Cost and Easy Availability of Raw Materials is Boosting the PEX Market
9.6.2 UAE
9.6.2.1 The Growing Construction and Power Industries are Driving the PEX Market
9.6.3 Rest of the Middle East & Africa

10 Competitive Landscape
10.1 Introduction
10.2 Ranking of Key Players
10.3 Competitive Scenario
10.3.1 Expansion
10.3.2 Merger & Acquisition
10.3.3 Joint Venture
10.3.4 New Product Launch

11 Company Profiles
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
11.1 The Dow Chemical Company
11.2 Borealis AG
11.3 Solvay
11.4 Lyondellbasell
11.5 Exxonmobil Corporation
11.6 Polyone Corporation
11.7 3H Vinacom Co., Ltd.
11.8 Falcone Specialities AG
11.9 Hanwha Chemical Corporation
11.10 HDC Hyundai EP
11.11 Other Company Profiles
11.11.1 Kkalpana Group
11.11.2 Polylink Polymers (India) Ltd.
11.11.3 Saco AEI Polymers
11.11.4 Zhejiang Wanma Macromolecule Material Co., Ltd
11.11.5 Sankhla Polymers Pvt. Ltd.
11.11.6 Silon S.R.O
11.11.7 Charloma Inc.
11.11.8 Hibco Plastics Inc.
11.11.9 Janco Inc.
11.11.10 Zimmer Inc.
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.

12 Appendix
12.1 Discussion Guide
12.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
12.3 Available Customizations
12.4 Related Reports
12.5 Author Details

List of Tables

Table 1 Trends and Forecast of Per Capita GDP (USD)
Table 2 Global Vehicle Production 2018 (Units)
Table 3 PEX Market Size, By Type, 2017–2024 (USD Million)
Table 4 PEX Market Size, By Type, 2017–2024 (Kiloton)
Table 5 HDPE: PEX Market Size, By Region, 2017–2024 (USD Million)
Table 6 HDPE: PEX Market Size, By Region, 2017–2024 (Kiloton)
Table 7 LDPE: PEX Market Size, By Region, 2017–2024 (USD Million)
Table 8 LDPE: PEX Market Size, By Region, 2017–2024 (Kiloton)
Table 9 Others: PEX Market Size, By Region, 2017–2024 (USD Million)
Table 10 Others: PEX Market Size, By Region, 2017–2024 (Kiloton)
Table 11 PEX Market Size, By Technology, 2017–2024 (USD Million)
Table 12 PEX Market Size, By Technology, 2017–2024 (Kiloton)
Table 13 PEXA Market Size, By Region, 2017–2024 (USD Million)
Table 14 PEXA Market Size, By Region, 2017–2024 (Kiloton)
Table 15 PEXB Market Size, By Region, 2017–2024 (USD Million)
Table 16 PEXB Market Size, By Region, 2017–2024 (Kiloton)
Table 17 PEXC Market Size, By Region, 2017–2024 (USD Million)
Table 18 PEXC Market Size, By Region, 2017–2024 (Kiloton)
Table 19 PEX Market Size, By Application, 2017–2024 (USD Million)
Table 20 PEX Market Size, By Application, 2017–2024 (Kiloton)
Table 21 PEX Market Size in Wires & Cables, By Region, 2017–2024 (USD Million)
Table 22 PEX Market Size in Wires & Cables, By Region, 2017–2024 (Kiloton)
Table 23 PEX Market Size in Plumbing, By Region, 2017–2024 (USD Million)
Table 24 PEX Market Size in Plumbing, By Region, 2017–2024 (Kiloton)
Table 25 PEX Market Size in Automotive, By Region, 2017–2024 (USD Million)
Table 26 PEX Market Size in Automotive, By Region, 2017–2024 (Kiloton)
Table 27 PEX Market Size in Other Applications, By Region, 2017–2024 (USD Million)
Table 28 PEX Market Size in Other Applications, By Region, 2017–2024 (Kiloton)
Table 29 PEX Market Size, By Region, 2017–2024 (USD Million)
Table 30 PEX Market Size, By Region, 2017–2024 (Kiloton)
Table 31 PEX Market Size, By Technology, 2017–2024 (USD Million)
Table 32 PEX Market Size, By Technology, 2017–2024 (Kiloton)
Table 33 PEX Market Size, By Type, 2017–2024 (USD Million)
Table 34 PEX Market Size, By Type, 2017–2024 (Kiloton)
Table 35 PEX Market Size, By Application, 2017–2024 (USD Million)
Table 36 PEX Market Size, By Application, 2017–2024 (Kiloton)
Table 37 APAC: PEX Market Size, By Country, 2017–2024 (USD Million)
Table 38 APAC: PEX Market Size, By Country, 2017–2024 (Kiloton)
Table 39 APAC: PEX Market Size, By Application, 2017–2024 (USD Million)
Table 40 APAC: PEX Market Size, By Application, 2017–2024 (Kiloton)
Table 41 China: PEX Market Size, By Application, 2017–2024 (USD Million)
Table 42 Japan: PEX Market Size, By Application, 2017–2024 (USD Million)
Table 43 South Korea: PEX Market Size, By Application, 2017–2024 (USD Million)
Table 44 India: PEX Market Size, By Application, 2017–2024 (USD Million)
Table 45 Australia: PEX Market Size, By Application, 2017–2024 (USD Million)
Table 46 Rest of APAC: PEX Market Size, By Application, 2017–2024 (USD Million)
Table 47 Europe: PEX Market Size, By Country, 2017–2024 (USD Million)
Table 48 Europe: PEX Market Size, By Country, 2017–2024 (Kiloton)
Table 49 Europe: PEX Market Size, By Application, 2017–2024 (USD Million)
Table 50 Europe: PEX Market Size, By Application, 2017–2024 (Kiloton)
Table 51 Germany: PEX Market Size, By Application, 2017–2024 (USD Million)
Table 52 Italy: PEX Market Size, By Application, 2017–2024 (USD Million)
Table 53 UK: PEX Market Size, By Application, 2017–2024 (USD Million)
Table 54 France: PEX Market Size, By Application, 2017–2024 (USD Million)
Table 55 Russia: PEX Market Size, By Application, 2017–2024 (USD Million)
Table 56 Turkey: PEX Market Size, By Application, 2017–2024 (USD Million)
Table 57 Rest of Europe: PEX Market Size, By Application, 2017–2024 (USD Million)
Table 58 North America: PEX Market Size, By Country, 2017–2024 (USD Million)
Table 59 North America: PEX Market Size, By Country, 2017–2024 (Kiloton)
Table 60 North America: PEX Market Size, By Application, 2017–2024 (USD Million)
Table 61 North America: PEX Market Size, By Application, 2017–2024 (Kiloton)
Table 62 US: PEX Market Size, By Application, 2017–2024 (USD Million)
Table 63 Canada: PEX Market Size, By Application, 2017–2024 (USD Million)
Table 64 Mexico: PEX Market Size, By Application, 2017–2024 (USD Million)
Table 65 South America: PEX Market Size, By Country, 2017–2024 (USD Million)
Table 66 South America: PEX Market Size, By Country, 2017–2024 (Kiloton)
Table 67 South America: PEX Market Size, By Application, 2017–2024 (USD Million)
Table 68 South America: PEX Market Size, By Application, 2017–2024 (Kiloton)
Table 69 Brazil: PEX Market Size, By Application, 2017–2024 (USD Million)
Table 70 Argentina: PEX Market Size, By Application, 2017–2024 (USD Million)
Table 71 Rest of South America: PEX Market Size, By Application, 2017–2024 (USD Million)
Table 72 Middle East & Africa: PEX Market Size, By Country, 2017–2024 (USD Million)
Table 73 Middle East & Africa: PEX Market Size, By Country, 2017–2024 (Kiloton)
Table 74 Middle East & Africa: PEX Market Size, By Application, 2017–2024 (USD Million)
Table 75 Middle East & Africa: PEX Market Size, By Application, 2017–2024 (Kiloton)
Table 76 Saudi Arabia: PEX Market Size, By Application, 2017–2024 (USD Million)
Table 77 UAE: PEX Market Size, By Application, 2017–2024 (USD Million)
Table 78 Rest of the Middle East & Africa: PEX Market Size, By Application, 2017–2024 (USD Million)
Table 79 Expansion, 2014–2018
Table 80 Merger & Acquisition, 2014–2018
Table 81 Joint Venture, 2014–2018
Table 82 New Product Launch, 2014–2018

List of Figures

Figure 1 PEX Market: Research Design
Figure 2 PEX Market: Top-Down Approach
Figure 3 PEX Market: Bottom-Up Approach
Figure 4 HDPE Was the Largest Type Segment in the PEX Market in 2018
Figure 5 PEXA to Be the Fastest-Growing Technology in the PEX Market
Figure 6 Wires & Cables to Have the Largest Share During the Forecast Period
Figure 7 APAC Dominated the PEX Market in 2018
Figure 8 Increasing Use of PEX in Building & Construction Industry to Drive the Market During the Forecast Period
Figure 9 HDPE to Lead the PEX Market, 2019–2024
Figure 10 APAC Accounted for the Highest Share of the PEX Market, 2018
Figure 11 Wires & Cables to Account for the Largest Share of the Overall PEX Market, 2019–2024
Figure 12 India and China to Grow at the Fastest Rate During the Forecast Period
Figure 13 Drivers, Restraints, Opportunities, and Challenges in the PEX Market
Figure 14 Moderate Bargaining Power of Buyers Owing to Requirement of Large Order Quantities
Figure 15 HDPE to Be the Fastest-Growing Type of PEX
Figure 16 APAC to Be the Largest Market for HDPE-Based PEX
Figure 17 PEXA to Be the Fastest-Growing Technology for PEX
Figure 18 APAC to Be the Largest Market for PEXA
Figure 19 Wires & Cables to Be the Largest Application of PEX
Figure 20 APAC is the Largest Market for PEX in Wires & Cables Application
Figure 21 Emerging Countries of APAC to Emerge as Strategic Locations for the PEX Market
Figure 22 APAC: PEX Market Snapshot
Figure 23 Europe: PEX Market Snapshot
Figure 24 North America: PEX Market Snapshot
Figure 25 South America: PEX Market Snapshot
Figure 26 Middle East & Africa: PEX Market Snapshot
Figure 27 Companies Primarily Adopted Expansion as the Key Growth Strategy Between 2014 and 2018
Figure 28 The Dow Chemical Company Led the PEX Market in 2018
Figure 29 The Dow Chemical Company: Company Snapshot
Figure 30 The Dow Chemical Company: SWOT Analysis
Figure 31 Borealis AG: Company Snapshot
Figure 32 Borealis AG: SWOT Analysis
Figure 33 Solvay: Company Snapshot
Figure 34 Solvay: SWOT Analysis
Figure 35 Lyondellbasell: Company Snapshot
Figure 36 Lyondellbasell: SWOT Analysis
Figure 37 Exxonmobil Corporation: Company Snapshot
Figure 38 Exxonmobil Corporation: SWOT Analysis
Figure 39 Polyone Corporation: Company Snapshot
Figure 40 Hanwha Chemical Corporation: Company Snapshot
Figure 41 HDC Hyundai EP: Company Snapshot

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