Cross-linked Polyethylene (PEX) Market Size, Forecast and Outlook (2024-2031)

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.