DUBLIN, July 21, 2021--(BUSINESS WIRE)--The "Cross-Linked Polyethylene - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Global Cross-Linked Polyethylene Market to Reach $8.5 Billion by 2027
Amid the COVID-19 crisis, the global market for Cross-Linked Polyethylene estimated at US$6 Billion in the year 2020, is projected to reach a revised size of US$8.5 Billion by 2027, growing at a CAGR of 5.2% over the analysis period 2020-2027.
High Density Polyethylene (HDPE), one of the segments analyzed in the report, is projected to record a 5.7% CAGR and reach US$4.3 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Low Density Polyethylene (LDPE) segment is readjusted to a revised 4.6% CAGR for the next 7-year period.
The U.S. Market is Estimated at $1.6 Billion, While China is Forecast to Grow at 8.1% CAGR
The Cross-Linked Polyethylene market in the U.S. is estimated at US$1.6 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$1.8 Billion by the year 2027 trailing a CAGR of 8.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.8% and 4.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.3% CAGR.
Other Types Segment to Record 5.1% CAGR
In the global Other Types segment, USA, Canada, Japan, China and Europe will drive the 4.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$981.3 Million in the year 2020 will reach a projected size of US$1.3 Billion by the close of the analysis period.
China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.1 Billion by the year 2027, while Latin America will expand at a 6.1% CAGR through the analysis period.
Key Topics Covered:
II. EXECUTIVE SUMMARY
Influencer Market Insights
Impact of Covid-19 and a Looming Global Recession
III. MARKET ANALYSIS
Total Companies Profiled: 42
3H Vinacom Co., Ltd.
Akzo Nobel N.V.
ExxonMobil Chemical Company
Falcone Specialities AG
Hanwha Chemical Corporation
HDC Hyundai Engineering Plastics Co., Ltd.
Kkalpana industries (India) Ltd.
LyondellBasell Industries NV
Polylink Polymers (India) Ltd.
SACO AEI Polymers
Sankhla Polymers Pvt Ltd.
Vanderbilt Chemicals, LLC.
For more information about this report visit https://www.researchandmarkets.com/r/tdiio0
View source version on businesswire.com: https://www.businesswire.com/news/home/20210721005500/en/
Laura Wood, Senior Press Manager
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