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The global cross-linked polyethylene (XLPE) cables market attained a value of around USD 4.62 billion in 2023. The market is further estimated to grow in the forecast period of 2024-2032 at a CAGR of 6.20% to reach nearly USD 7.94 billion by 2032.
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LDPE cables exhibit high tensile strength, moisture resistance, impact resistance, and chemical resistance. Hence, the increasing applications of the cables in the residential sector are driving the segment growth. As LDPE cables require minimal investment in the production process and can be produced in bulk, the segment is likely to witness a considerable growth. Moreover, the increasing inclination towards wires and cables with low impact on the environment is surging the utilisation of LDPE cables in various construction activities owing to their recyclability. LDPE cables are further used in high voltage insulation systems, which is anticipated to generate a significant demand for the product from the industrial sector and augment the cross-linked polyethylene (XLPE) cables market in the forecast period.
The market in the Asia Pacific region is being driven by the rising presence of local manufacturers and the growing expansion of the major end-use sectors of cross-linked polyethylene (XLPE) cables. The thriving building and construction sector in the region owing to the strong economic growth, rising population, and increasing investments by various governments aimed towards providing housing schemes for the population, among others, are likely to accelerate the demand for XLPE wires and cables. The cross-linked polyethylene (XLPE) cables market in the region is likely to be aided by the robust development of industrial and manufacturing units owing to the increasing FDI and growing trend of indigenous manufacturing in emerging economies like India and China, among others.
Cross-linked polyethylene (XLPE) cables refer to insulation materials that are used as wires and cables in a building. The procurement process of cross-linked polyethylene (XLPE) involves a curing process in which cross linking chemical reaction takes place. This leads to the bonding of compound molecules to form heavier molecules.
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Based on type, the market can be segmented into:
The market can be broadly categorised based on its voltage into:
The significant applications of the product include:
The EMR report looks into the regional markets of cross-linked polyethylene (XLPE) cables like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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The global increase in demand for electricity is generating a significant demand for wires and cables for safe and reliable operations, which is driving the market for cross-linked polyethylene (XLPE) cables. The rising demand for cables in the mining sector for efficient power distribution to equipment in mining tunnels, large shovels, and drills, among others, is furthering the market growth. Moreover, the rising investments in the exploration activities and increasing demand for crude oil are anticipated to boost the mining sector, thereby invigorating the growth of the XLPE cable market. XLPE cables are also anticipated to witness high demand in the oil and gas market for offshore drilling systems, land-based drilling systems, and refining applications. This factor is likely to augment the cross-linked polyethylene (XLPE) cables market in the coming years.
The report gives a detailed analysis of the following key players in the global cross-linked polyethylene (XLPE) cables market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive report looks into the macro and micro aspects of the market. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Type |
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Breakup by Voltage |
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Breakup by Application |
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Breakup by Region |
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Market Dynamics |
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Price Analysis |
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Competitive Landscape |
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Companies Covered |
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Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the global cross-linked polyethylene (XLPE) cables market attained a value of nearly USD 4.62 billion.
The market is estimated to grow at a CAGR of 6.20% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 7.94 billion by 2032.
The increasing preference for cables with high tensile strength and moisture resistance and the growing demand for LDPE cables in the residential construction sector is propelling the market.
The market is likely to be fuelled by the increasing applications of the product in the mining sector, the rising preference for cross-linked polyethylene (XLPE) cables in offshore drilling systems in the oil and gas sector, and the surging demand for electricity.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
HDPE, and LDPE, among others, are the different types of cross-linked polyethylene (XLPE) in the market.
Low voltage, medium voltage, and high voltage are the major voltage segments of cross-linked polyethylene (XLPE) cables.
Mining, oil and gas, chemical, and building and construction, among others, are the significant applications of cross-linked polyethylene (XLPE) cables in the market.
The major players in the market are Allied Wire and Cable, Inc., Prysmian S.p.A, Wuxi Jiangnan Cable Co., Ltd., CENTURION POWER CABLES PVT LTD., and Relemac Technologies Pvt. Ltd., among others.
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