PEX Market by Type, Technology, End-User - Global Forecast 2024-2030

List of Tables

[189 Pages Report] The PEX Market size was estimated at USD 14.07 billion in 2023 and expected to reach USD 15.08 billion in 2024, at a CAGR 8.00% to reach USD 24.14 billion by 2030.

Global PEX Market

KEY MARKET STATISTICS
Base Year [2023]	USD 14.07 billion
Estimated Year [2024]	USD 15.08 billion
Forecast Year [2030]	USD 24.14 billion
CAGR (%)	8.00%

PEX, standing for participatory experience exhibition, is an all-encompassing term used to reference cross-linked polyethylene. This unique type of plastic is created through a process known as cross-linking, which strengthens the polymer and enhances its heat resistance, durability, and flexibility. Increasing urbanization and infrastructure development, coupled with demand for pipes and growing government investments in renewable energy production and distribution, are creating significant growth in the market. Moreover, rising demand and electric vehicle production across economies are fueling market growth. Availability of alternatives and substitutes to PEX and concerns regarding environmental degradation of PEX and operational limitations hamper the market development. Improvements and advancements in material composition and production of PEX are expected to have also opened an avenue for more opportunities in the market. In addition, increasing focus on enhancing sustainability in the PEX lifecycle leads the way towards an eco-friendly solution.

Regional Insights

In the Americas, particularly in North America, there is a high demand for PEX in the residential construction sector due to its flexibility, durability, and ease of installation. The United States leads in adopting PEX for plumbing applications, driven by the need for cost-effective and reliable piping solutions. In South America, the demand for PEX is growing, although at a slower pace, influenced by economic factors and the gradual shift from traditional piping materials to PEX in new construction and retrofitting projects. The EMEA region exhibits a diverse demand for PEX, with Europe showing a strong preference for PEX in underfloor heating systems and renewable energy applications, such as solar and geothermal systems. The Middle East shows significant growth potential due to the construction boom and the need for temperature-resistant piping solutions. The Asia-Pacific region has an increasing demand for PEX, driven by rapid urbanization and industrialization, particularly in China and India. The region's demand is fueled by large-scale infrastructure projects, the adoption of PEX in potable water systems, and the increasing popularity of radiant floor heating in countries with colder climates.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the PEX Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the PEX Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the PEX Market, highlighting leading vendors and their innovative profiles. These include 3H Vinacom Co., Ltd., Ankit Polymers, Apollo by The Mosack Group, Inc., Arkema Group, Avient Corporation, Borealis AG, Everhot, Inc., Exxon Mobil Corporation, Hanwha Corporation, HDC Hyundai EP Company, Hibco Plastics, Inc., Kkalpana industries (India) Limited, LyondellBasell Industries N.V., MrPEX Systems, Neste Corporation, NKT A/S, Nouryon Chemicals Holding B.V., Palziv Ltd., Polylink Polymers (India) Ltd., Polyrocks Chemical Co., Ltd., REHAU Industries SE & Co. KG, Reliance Worldwide Corporation Limited, Repsol, S.A., SACO AEI Polymers, Sankhla Polymers Pvt. Ltd., SILON s.r.o., Sioux Chief Manufacturing Co., Inc., Solvay SA, Sumitomo Electric Industries, Ltd., The Dow Chemical Company, Toray Industries, Inc., Uponor Corporation, Vikas Lifecare Limited, WasteWise Group Oy, and Zimmer Biomet Holdings, Inc..

Market Segmentation & Coverage

This research report categorizes the PEX Market to forecast the revenues and analyze trends in each of the following sub-markets:

Type
- High-Density Polyethylene
- Low-Density Polyethylene
- Medium-Density Polyethylene
Technology
- Electron Beam Processing
- Engel Method
- Silane Grafting
End-User
- Automotive
- Chemical
- Medical & Healthcare
- Mining
- Plumbing
- Wires & Cables
Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam
- Europe, Middle East & Africa
  - Denmark
  - Egypt
  - Finland
  - France
  - Germany
  - Israel
  - Italy
  - Netherlands
  - Nigeria
  - Norway
  - Poland
  - Qatar
  - Russia
  - Saudi Arabia
  - South Africa
  - Spain
  - Sweden
  - Switzerland
  - Turkey
  - United Arab Emirates
  - United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the PEX Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the PEX Market?

3. What are the technology trends and regulatory frameworks in the PEX Market?

4. What is the market share of the leading vendors in the PEX Market?

5. Which modes and strategic moves are suitable for entering the PEX Market?

Product Code: MRR-374DB5A0612B

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

4.1. Introduction
4.2. PEX Market, by Region

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Increasing urbanization and infrastructure development coupled with demand for pipes
  - 5.1.1.2. Growing government investments in renewable energy production and distribution
  - 5.1.1.3. Rising demand and production of electric vehicles across economies
- 5.1.2. Restraints
  - 5.1.2.1. Operational limitations and concerns regarding environmental degradation of PEX
- 5.1.3. Opportunities
  - 5.1.3.1. Improvements and advancements in material composition and production of PEX
  - 5.1.3.2. Increasing focus on enhancing sustainability in the PEX lifecycle
- 5.1.4. Challenges
  - 5.1.4.1. Availability of alternatives and substitutes to PEX
5.2. Market Segmentation Analysis
- 5.2.1. Type: Significant preference for MDPE for decent rigidity and flexibility
- 5.2.2. Technology: Growing adoption for electron beam cross-linking process for improved quality control and operational cost savings
- 5.2.3. End-User: Wider application of PEX pipes for residential and commercial applications
5.3. Market Trend Analysis
- 5.3.1. Surge in demand of PEX owing to expanding construction sector and its emergence in medical application in the Americas
- 5.3.2. Increasing investment in the automotive and healthcare industry and growing demand for PEX in the APAC region
- 5.3.3. Expanding chemical and healthcare industry coupled with availability raw materials in the EMEA region
5.4. Cumulative Impact of High Inflation
5.5. Porter's Five Forces Analysis
- 5.5.1. Threat of New Entrants
- 5.5.2. Threat of Substitutes
- 5.5.3. Bargaining Power of Customers
- 5.5.4. Bargaining Power of Suppliers
- 5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework

6. PEX Market, by Type

6.1. Introduction
6.2. High-Density Polyethylene
6.3. Low-Density Polyethylene
6.4. Medium-Density Polyethylene

7. PEX Market, by Technology

7.1. Introduction
7.2. Electron Beam Processing
7.3. Engel Method
7.4. Silane Grafting

8. PEX Market, by End-User

8.1. Introduction
8.2. Automotive
8.3. Chemical
8.4. Medical & Healthcare
8.5. Mining
8.6. Plumbing
8.7. Wires & Cables

9. Americas PEX Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific PEX Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa PEX Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. FPNV Positioning Matrix
12.2. Market Share Analysis, By Key Player
12.3. Competitive Scenario Analysis, By Key Player
- 12.3.1. Merger & Acquisition
  - 12.3.1.1. Avient Announces Agreement to Acquire DSM Protective Materials (Dyneema) and Plans to Explore Sale of Distribution
- 12.3.2. Agreement, Collaboration, & Partnership
  - 12.3.2.1. Collaboration to Increase Low Density Polyethylene Packaging Recyclability Sees Success in Deinking Trials
  - 12.3.2.2. Borealis Bornewables help Uponor Create the World's First Cross-Linked Polyethylene (PE-X) Pipes Based on Renewable Feedstock
  - 12.3.2.3. Neste, Borealis, Uponor, Wastewise Group Enable Chemical Recycling of Hard-to-Recycle Plastic Waste into New High-Quality Plastic Pipes
- 12.3.3. New Product Launch & Enhancement
  - 12.3.3.1. Dow Helps Enable Decarbonization with ENDURANCE Compounds for Cable Systems in North America
  - 12.3.3.2. Borealis Borcycle C Chemical Recycling Provides Circular Solutions for Crosslinked Polyethylene for the Wire & Cable and Infrastructure Sectors
  - 12.3.3.3. Avient Launches New Cross-Linkable Formulations for Photovoltaic Cables to Support the Rising Need for Solar Power Generation
- 12.3.4. Investment & Funding
  - 12.3.4.1. NKT A/S to Invest Euro 1 Billion in High-Voltage Power Cable Business
- 12.3.5. Award, Recognition, & Expansion
  - 12.3.5.1. Reece-Hopper Now Represents REHAU Products in Texas
  - 12.3.5.2. SKZ Expands Cross-Linked Materials Research
  - 12.3.5.3. Avient Corporation Expands Manufacturing of UL-Certified Wire and Cable Formulations for Photovoltaic Applications to Europe

13. Competitive Portfolio

13.1. Key Company Profiles
- 13.1.1. 3H Vinacom Co., Ltd.
- 13.1.2. Ankit Polymers
- 13.1.3. Apollo by The Mosack Group, Inc.
- 13.1.4. Arkema Group
- 13.1.5. Avient Corporation
- 13.1.6. Borealis AG
- 13.1.7. Everhot, Inc.
- 13.1.8. Exxon Mobil Corporation
- 13.1.9. Hanwha Corporation
- 13.1.10. HDC Hyundai EP Company
- 13.1.11. Hibco Plastics, Inc.
- 13.1.12. Kkalpana industries (India) Limited
- 13.1.13. LyondellBasell Industries N.V.
- 13.1.14. MrPEX Systems
- 13.1.15. Neste Corporation
- 13.1.16. NKT A/S
- 13.1.17. Nouryon Chemicals Holding B.V.
- 13.1.18. Palziv Ltd.
- 13.1.19. Polylink Polymers (India) Ltd.
- 13.1.20. Polyrocks Chemical Co., Ltd.
- 13.1.21. REHAU Industries SE & Co. KG
- 13.1.22. Reliance Worldwide Corporation Limited
- 13.1.23. Repsol, S.A.
- 13.1.24. SACO AEI Polymers
- 13.1.25. Sankhla Polymers Pvt. Ltd.
- 13.1.26. SILON s.r.o.
- 13.1.27. Sioux Chief Manufacturing Co., Inc.
- 13.1.28. Solvay SA
- 13.1.29. Sumitomo Electric Industries, Ltd.
- 13.1.30. The Dow Chemical Company
- 13.1.31. Toray Industries, Inc.
- 13.1.32. Uponor Corporation
- 13.1.33. Vikas Lifecare Limited
- 13.1.34. WasteWise Group Oy
- 13.1.35. Zimmer Biomet Holdings, Inc.
13.2. Key Product Portfolio

14. Appendix

14.1. Discussion Guide
14.2. License & Pricing