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市场调查报告书
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1489469
全球交联聚乙烯 (PEX) 市场 - 2024-2031Global Cross-linked Polyethylene (PEX) Market - 2024-2031 |
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概述
全球交联聚乙烯(PEX)市场2023年达76亿美元,预计到2031年将达到139亿美元,2024-2031年预测期间复合年增长率为7.8%。
交联聚乙烯主要应用于管道和管道行业,由于生锈、成本问题和流通受限等问题,可作为铜、镀锌钢和 PVC 管道等传统材料的替代品。透过交联过程,聚乙烯解决了管道挑战并简化了安装过程。 PEX 在管道中的使用带来了许多好处,包括增强灵活性、减少材料费用、简化安装程序和环境优势。
新兴国家快速城市化和基础设施扩张推动了建筑和建筑应用领域对 PEX 的需求。随着城市人口的成长,住宅和商业建筑都需要现代、有效的管道系统。 PEX 管道是现代建筑项目的不错选择,因为它们比旧材料具有一些优点,例如耐用性、耐腐蚀和耐结垢性以及易于安装。
亚太地区是全球交联聚乙烯(PEX)市场的成长地区之一,占市场份额超过1/3。由于支持节水和永续建筑实践的政府政策和努力,亚太地区的 PEX 市场正在不断扩大。为了解决环境问题并维持长期永续性,该地区各国政府更加重视节水措施和绿建筑要求。
动力学
产品创新和技术进步
产品创新和技术发展是推动交联聚乙烯(PEX)市场扩张的主要因素。为了改善PEX材料、生产流程和产品性能,製造商不断分配资源进行研发。这些发展透过生产具有改进功能(包括更高的灵活性、更强的耐化学性和更高的耐温性)的产品,提高了 PEX 产品在一系列行业和应用中的实用性。
例如,2022年,住友电气工业株式会社成功测试了其525 kV交联聚乙烯(XLPE)绝缘高压直流(HVDC)海底电缆系统,符合国际标准CIGRE-TB496。第三方认证确认测试完成。随着再生能源和长距离电力传输需求的不断增长,高压直流电缆技术日益受到重视。住友电工的成就包括完成了其 525 kV DC XLPE 海底电缆系统的长期测试,这是 XLPE 电缆的最高工业电压。
XLPE 在建筑领域的应用不断增加
水基础设施项目的成长推动了对交联聚乙烯 (PEX) 管道的需求不断增长,特别是在新兴国家。随着政府致力于现代化和扩大供水网络,以满足日益增长的人口的需求并提供清洁水,迫切需要耐用且耐腐蚀的管道材料。
印度品牌资产基金会(IBEF)声称,印度要实现2025年经济成长5兆美元的目标,基础建设不可或缺。根据 2023-24 年预算,基础设施资本投资增加了 33%,达到卢比。 100 亿卢比(1,220 亿美元)。因此,随着建筑支出的增加,对交联聚乙烯的需求也随之增加。
竞争中替代材料的压力
铜、PVC 和聚丙烯等替代材料在交联聚乙烯 (PEX) 行业竞争激烈,严重限制了其扩张。儘管 PEX 具有灵活性、安装简单性和耐腐蚀性等优点,但铜等传统材料在市场上已经站稳了脚跟,尤其是在管道系统完善的地区。
在性能和寿命至关重要的行业中,PEX 的采用受到铜的长期弹性和可靠性的阻碍。此外,PVC 和聚丙烯对特定专案的持续承受能力使它们对 PEX 生产商更具竞争力。为了克服这些限制,PEX 製造商需要专注于创新,将其产品与竞争对手区分开来,并解决效能、寿命和环境影响等问题。
环境问题和法规遵从性
全球交联聚乙烯 (PEX) 市场受到不断变化的标准和监管问题的严重限制。儘管 PEX 通常被认为在管道应用中使用是安全的,但由于担心化学物质渗入饮用水并对环境造成影响,不同地区有不同的法律。
製造商必须遵守的广泛的标准和法律网路可能会导致更高的合规成本、更长的产品审批流程以及市场的不可预测性。此外,PEX 製造中使用的某些添加剂的监管变化或禁令可能会扰乱供应链,市场准入可能受到限制,使生产商难以遵守安全和合规法规。
Overview
Global Cross-linked Polyethylene (PEX) Market reached US$ 7.6 billion in 2023 and is expected to reach US$ 13.9 billion by 2031, growing with a CAGR of 7.8% during the forecast period 2024-2031.
Cross-linked polyethylene finds primary application in the pipe and plumbing sector, serving as a substitute for conventional materials like copper, galvanized steel and PVC piping due to issues such as rusting, cost concerns and restricted circulation. Through the process of cross-linking, polyethylene addresses plumbing challenges and offers simplified installation processes. PEX usage in plumbing presents numerous benefits, including enhanced flexibility, reduced material expenses, simplified installation procedures and environmental advantages.
The demand for PEX in construction and building applications is being driven by the fast urbanization and infrastructure expansion occurring in emerging nations. Modern, effective plumbing and pipe systems are required in both residential and commercial structures as urban populations rise. PEX pipes are a good choice for use in contemporary building projects because they have some benefits over older materials, such as durability, resistance to corrosion and scaling and ease of installation.
Asia-Pacific is among the growing regions in the global cross-linked polyethylene (PEX) market covering more than 1/3rd of the market. The PEX market in Asia-Pacific is expanding because of government policies and efforts that support water conservation and sustainable construction practices. To address environmental concerns and maintain long-term sustainability, governments around the area are placing a greater priority on water efficiency measures and green building requirements.
Dynamics
Product Innovation and Technological Advancements
Product innovation and technological developments are major factors propelling the cross-linked polyethylene (PEX) market's expansion. To improve PEX materials, production procedures and product performance, manufacturers are constantly allocating resources to research and development. The developments boost the usefulness of PEX products across a range of sectors and applications by producing products with improved features including increased flexibility, greater chemical resistance and higher temperature resistance.
For Instance, in 2022, Sumitomo Electric Industries, Ltd. successfully tested its 525 kV cross-linked polyethylene (XLPE)-insulated high-voltage direct current (HVDC) submarine cable system, meeting the international standard CIGRE-TB496. Third-party certification confirms the test completion. With the rising demand for renewable energy and long-distance power transmission, HVDC cable technology is gaining prominence. Sumitomo Electric's achievement includes completing a long-term test for its 525 kV DC XLPE submarine cable system, the highest industrial voltage for XLPE cables.
Growing Use of XLPE in the Construction and Building Sector
The expanding demand for cross-linked polyethylene (PEX) pipes is being driven by the growth of water infrastructure projects, especially in emerging nations. Durable and corrosion-resistant pipe materials are desperately needed as governments engage in modernizing and enlarging water distribution networks to satisfy the demands of an increasingly populous population and to provide access to clean water.
The India Brand Equity Foundation (IBEF) claims that for India to meet its goal of US$ 5 trillion in economic growth by 2025, infrastructural development is necessary. Under Budget 2023-24, capital investment in infrastructure has grown by 33% to Rs. 10 lakh crore (US$ 122 billion). Thus, the need for cross-linked polyethylene is increased in response to an increase in building expenditure.
Pressure from Alternative Materials in the Competition
Alternative materials including copper, PVC and polypropylene compete fiercely in the cross-linked polyethylene (PEX) industry, limiting its expansion significantly. Traditional materials like copper are firmly established in the market, especially in areas with well-established plumbing systems, even though PEX offers benefits including flexibility, simplicity of installation and corrosion resistance.
In industries where performance and lifespan are critical, PEX adoption is hampered by copper's long-term resilience and dependability. Plus, PVC and polypropylene's continued affordability for specific projects makes them more competitive for PEX producers. To overcome these limitations, PEX manufacturers need to concentrate on innovation, differentiating their products from competitors and solving issues with performance, longevity and environmental effects.
Environmental Concerns and Regulatory Compliance
The global cross-linked polyethylene (PEX) market is severely constrained by changing standards and regulatory concerns. Although PEX is generally regarded as safe for use in plumbing applications, different locations have differing laws due to worries about chemicals seeping into drinking water and impacts on the environment.
The extensive web of standards and laws that manufacturers must follow can result in higher compliance costs, longer approval processes for products and unpredictability in the market. Furthermore, supply chains may be disrupted and market access may be restricted by regulatory changes or prohibitions on certain additives used in the manufacturing of PEX, making it difficult for producers to comply with safety and compliance regulations.
The global cross-linked polyethylene (PEX) market is segmented based on product, technology, process, application and region.
Rising Demand for Cross-linked Polyethylene (PEX) in the Automotive Industry
The Automotive segment is among the growing regions in the global cross-linked polyethylene (PEX) market covering more than 1/3rd of the market. Cross-linked polyethylene (PEX) is growing more and more popular in the automotive sector. The is because PEX tubing is employed in more automotive applications, especially in fluid handling systems like coolant hoses, fuel lines and pneumatic tubing.
In comparison to conventional materials like rubber or metal, PEX has better flexibility and durability as well as increased resistance to abrasion, corrosion and chemical deterioration. Because of these qualities, PEX is a desirable option for automakers looking for dependable, lightweight solutions that can fulfill demanding performance and safety requirements.
Growing Demand for Cross-Linked Polyethylene (PEX) in Building and Construction Industry in Asia-Pacific
Asia-Pacific has been a dominant force in the global cross-linked polyethylene (PEX) market. The cross-linked polyethylene (PEX) market in the Asia-Pacific is expanding rapidly due to this region's fast industrialization and urbanization, which is driving demand for PEX in countries like China, India and Southeast Asia. The requirement for infrastructure development, including the construction of residential and commercial structures, is increasing as the population of cities grows.
Because PEX is strong, flexible and affordable, it's widely used in plumbing, heating and insulation applications. The makes it a popular option in the middle of the region's rapidly expanding building industry. PEX is becoming more and more popular due to its better qualities over more conventional materials like PVC or copper. Because of its resistance to corrosion, simplicity of installation and resilience to environmental and chemical deterioration, PEX is especially well-suited for usage in harsh settings that are common across Asia-Pacific.
Furthermore, the development of improved PEX variations and improvements in manufacturing methods are broadening its application across other sectors, hence driving additional market expansion. PEX market expansion in Asia-Pacific is being driven by government efforts and laws that support infrastructure projects and sustainable development.
Additionally, Governments are placing a greater emphasis on water conservation and green building techniques, which is consistent with PEX's energy efficiency and capacity to preserve water quality. PEX has the potential to be a key player in fulfilling the changing demands of the region by prioritizing the improvement of water infrastructure and the reduction of the climate effects. All of these elements work together to fuel the Asia-Pacific growing PEX demand, which in turn propels stable market development.
The outbreak of this pandemic has affected the global market for cross-linked polyethylene (PEX). At first, global supply chains and manufacturing processes were interrupted by the extensive lockdowns and limitations put in place to stop the virus's spread. Production of PEX slowed down as a result of manufacturers closing or operating at a lower capacity.
In addition, project delays, labor shortages and budgetary limitations brought on by the pandemic's economic collapse severely hindered building activity, a crucial end-use market for PEX materials. Demand for PEX goods declined in some areas due to the pandemic's effects on the construction sector, which was impacted by decreased consumer spending and economic instability.
However, this drop was somewhat countered by the increased focus on home remodeling and improvement projects during lockdown times, which was brought on by the need for more comfortable living spaces and the trend towards remote work. Additionally, the pandemic's emphasis on cleanliness and hygiene measures increased demand for PEX pipes and tubing in plumbing applications, especially in residential and hospital environments where PEX's flexibility and corrosion resistance are helpful.
The crisis between Russia and Ukraine significantly impacts the globally market for cross-linked polyethylene (PEX). Polyethylene, essential to the creation of PEX, is one of the primary raw materials produced in both nations. Changes in the availability and cost of raw materials might result from any interruption in the supply chain from these areas, whether due to trade restrictions, sanctions or logistical difficulties brought on by the conflict.
The pricing and accessibility of PEX goods on the international market may be impacted. The might also harm PEX producers globally by raising manufacturing costs and disrupting the supply chain. Geopolitical difficulties and volatility in the area may also make businesses and investors uneasy, which might make them reluctant to make long-term investments and plans for PEX sector growth.
Companies might choose to diversify their raw material sources or their supply chains to reduce the risks related to the war. In general, the Russia-Ukraine crisis adds a degree of risk and volatility to the global PEX market, requiring industry stakeholders to plan strategically and adjust to get through these difficult times.
The major global players in the market include Dow Inc., Borealis AG, LyondellBasell Industries Holding B.V., Avient Corporation, SACO AEI Polymers, HDC Hyundai EP Company, 3H Vinacom Co., Ltd, Hanwha Chemical Corporation, Arkema Group and Solvay.
The global cross-linked polyethylene (PEX) market report would provide approximately 70 tables, 64 figures and 188 Pages.
Target Audience 2024
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