Cross-Linked Polyethylene Market to Reach $8bn by 2024: Exxonmobil, Arkema Group, Lyondellbasell Industries N.V., Vinacom Co., Ltd., Chemical Company Inc., and Borealis
Cross-linked HDPE accounted for a dominating share of over 40% in the global cross-linked polyethylene market. Higher density of the material along with improved strength and chemical resistance will boost the product sales. Augmenting demand for pipes and tubing will enhance the product penetration in the global market. Expanding usage in chemical storage tanks owing to varied advantages over substitutes such as linear polyethylene, fiberglass reinforced plastic, and stainless steel will support the market development.
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