Cross Linked Polyethylene Market Growth Accelerated by Increasing demand from pipe and cables application
Cross Linked Polyethylene Market Cross linked polyethylene (XLPE) is a polyethylene thermoplastic material that has been cross linked using irradiation, peroxide, or silane. It has advantages such as high density, tensile strength, and resistance to moisture absorption and chemicals. It finds extensive use in insulation of power cables, water pipes, and insulation of wires and cables. The global Cross Linked Polyethylene Market is estimated to be valued at US$ 6590.3 Mn in 2023 and is expected to exhibit a CAGR of 3.3% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights. Market key trends: Increasing demand from pipe and cables application is one of the key trends that is expected to drive the growth of the global cross linked polyethylene market over the forecast period. Cross linked polyethylene has preferable properties such as high density, tensile strength, and excellent resistance towards chemicals that make it suitabl