Global Cross Linked Polymers Market to Grow at a CAGR of 5.2% During 2024-2032, Driven by Rising Demand for Eco-Friendly Coatings

The market for cross linked polymers is rising due to the accelerating demand for eco-friendly and water-based coatings as it has very low VOCs emissions. Moreover, the market is aided by the growing awareness in energy conservation, mainly in industries where insulation or coating is necessary. The product can be customised on the basis of density for various applications. Further development of the product for an extensive range of applications is expected to enhance the market growth in the forecast period. In addition, the increasing construction activities across the globe has further led to the rising demand for floor coatings. Thereby, aiding the cross linked polymers industry.

The market is being led by intensive competition between the key players in the cross linked polymers industry, such as Dow Chemical Company (NYSE: CTA-B) and Borealis AG. Borealis AG offers a range of cross linked polymers that are used for various end-uses applications. The company, with the launch of Queo™, which is a multitalented polyolefin plastomers and elastomers, is expected to enable innovation in the industry. The polymer solutions are in high demand as they fulfil sophisticated sealing, compatibility, flexibility, and processability requirements. The new product, whose portfolio was expanded in 2016, is expected to be used to develop new solutions and widen the application range to offer unique characteristics.

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Market Analysis by Type, Process, Chemical Agent, Application, and Region:

• The cross linked polymers industry, on the basis of type, is divided into cross linked polyethylene, cross linked polyurethane (PUR), cross linked polypropylene, and cross linked polyvinyl chloride (PVC), among others.

• Based on process, the market is bifurcated into chemical and physical.

• On the basis of chemical agent, the market is segmented into polycarbodiimide, polyisocyanate, and polyaziridine, among others.

• By application, the market is categorised into elastomers, medical devices, electrical and electronics, sports and leisure, construction, automotive, aerospace, packaging, and military, among others.

• Regionally, the market is divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

• The global cross linked polymers industry is driven by rapid urbanisation and industrialisation, rising per capita incomes, and changing lifestyles. 

• The long-lasting durability of cross-linked polymers in all hazardous conditions is further aiding the market growth.

• Moreover, manufacturers' low-cost entry into the industry, particularly in the Asia Pacific region, is expected to contribute to the market growth.

• The expanding distribution and transmission lines within the electronics industry are expected to support the cross-linked polymers market.

• Furthermore, the increasing focus on automotive industry growth with a wide range of uses for XLPE wires is expected to enhance the market growth.

Key Offerings of the Report:

• The EMR report gives an overview of the global market for cross linked polymers for the periods (2018-2023) and (2024-2032).

• The report also offers the historical (2018-2023) and forecast (2024-2032) market for the types, processes, chemical agents, applications, and regional markets of cross linked polymers. 

• It gives an in-depth look at the regional price trends in the global market for cross linked polymers.

• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter's Five Forces models.

Dow Chemical Company, Borealis AG, Akzo Nobel N.V., and Novostrat Limited, among others, are the key players in the global cross linked polymers market. The EMR report looks into the capacity, market share, and latest developments of these major players like plant turnarounds, mergers and acquisitions, and capacity expansions.

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