Cross-Linked Polyethylene Market 2020 - Factors that contribute to market growth
Category: #business  By Rahul Sankrityayan  Date: 2020-02-06
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Cross-Linked Polyethylene Market 2020 - Factors that contribute to market growth

An expected growth avenue for the cross-linked polyethylene market, medical surgeries for joint replacements have collected drive to offer a better and pain-free living for osteoarthritis subjects. Bone and hip replacement arthroplasty involve substituting a dysfunctional joint with a prosthesis, which can immediately be made from cross-linked polyethylene.

Latterly, a deep study transferred on over 240,000 hip osteoarthritis patients exposed that hip implants restraining cross-linked polyethylene lower the necessity for a revision operation significantly. The organized long-term wear of implants with cross-linked polyethylene relation covering are making them more proper for more adolescent patients as compared to conventional polyethylene implants for they have a plentifuller life and tend to be more active.

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Owing to a varied range of domestic, industrial and healthcare applications, the cross-linked polyethylene market has grown considerably over the past few years with products that provide improved performance and durability. Properties like better temperature strength, chemical resistance and the ability to resist slow development of cracks make cross-linked polyethylene materials ideal for public and portable water service lines, commercial plumbing distribution, auto components and light packaging.

 Need for highly reliable and corrosion resistant quality pipes for fire sprinkler systems has further given an up thrust to the cross-linked polyethylene industry. Making these products suitable for large scale residential or commercial projects have benefits such as low cost, flexibility, lightweight and ease of transport, all of which have influenced the shifting consumer trend towards the cross-linked polyethylene market.

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Generally, projects of such magnitude require huge investments in the construction sector, to build gas and sewer pipelines in order to facilitate proper utility and waste systems for communities. Electric wires and cables to support the electricity and communication needs of future residents also contribute towards strengthening the cross-linked polyethylene industry, which supplies reliable flame resistant insulation.

The Indonesia project represents a huge requirement of pipes for water and gas supply, water heating, as well as insulated electrical wires that ensure a safe electricity grid, directly boosting the APAC cross-linked polyethylene market which garnered a remuneration of over USD 2 billion in 2017. Other Asian countries like India and China have also pledged to ensure adequate utility supply to citizens, creating the necessity for quality, long lasting pipes.

Subsequently, the APAC cross-linked polyethylene industry is expected to be promulgated extensively from medical applications, besides the prominent demand from infrastructure development activities. The DOW Chemical company, ExxonMobil, Arkema Group, Silon S.R.O, Hanwha Chemical, Vinacom Co Ltd and Borealis AG are some key global market contenders. With incredible predictions regarding population growth and utility requirements, the global cross-linked polyethylene market is anticipated to achieve a CAGR of 6% from 2018 to 2024.

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About Author

Rahul Sankrityayan

Rahul Sankrityayan    

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Technology Magazine, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experie...

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