Press release
Global Ultra-High Molecular Weight Polyethylene Market Has Been Growing Rapidly Post 2018 As the Market Is Boosted Due Various Industries Such As Medical Grade & Prosthetics, Filtration, Batteries, Fibers, Additives and Membranes
Market Overview:Global ultra-high molecular weight polyethylene (UHMWPE) market is expected to reach USD 2.10 billion by 2022, according to MRFR’s analysis. , Properties of ultra-high molecular weight polyethylene such as high effect quality, low grinding coefficient, high adaptability and low reactivity to chemicals & additives makes it favorable for various applications across several industries. Increasing demand for joint replacement surgeries and PPE market is also expected to drive the global industry. Government initiatives to provide superior personal protective equipment and anti-ballistic protection to military and law enforcement are expected to develop the global market of ultra-high molecular weight polyethylene. High price of this market as compared to other polymers is expected to remain a key challenge for growth of the same.
Medical & prosthetics was the major application and accounted for over 25% of total ultra-high molecular weight polyethylene market volume in 2015 and expected to grow at the CAGR of 11.5% from 2016 to 2022. Demand in fiber application is anticipated to increase at CAGR of 11.3% from 2016 to 2022.
Companies such Cleanese Corporation, Royal Dsm, Braskem, Honeywell International, Toyobo Co. Ltd., Mitsui Chemicals, Lyondellbasell, Asahi Kasei Advanced Corporation, Argosy International Inc., and Teijin Group have adopted expansion strategies to increase their presence in the market. Most of the companies have invested in R&D amenities to discover advancements and innovative special trading that are eco-friendly, and extremely sensitive to surrounding with less utilization of expensive & harmful raw materials.
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Global Ultra-High-Molecular-Weight Polyethylene Players:
The major participants of this market are: Akzo Nobel N.V., Autonomic Materials Inc., BASF SE, DOW Chemical Company, E. I. du Pont de Nemours and Company, Evonik Industries AG, High Impact Technology, Honeywell International, Inc., Huntsman International LLCand MacDermid Autotype Ltd.
Segmentation:
The Global Ultra-High-Molecular-Weight Polyethylene Market is majorly segmented on the basis of application. Based on the Application the market is segmented into Medical grade & prosthetics, Filtration, Batteries, Fibers, Additives, Membranes and Others
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Regional Analysis:
Asia Pacific region is expected to maintain its dominance in the global market. The contribution of China, Japan and India in the growth of this market is expected to boost the Asia Pacific ultra-high-molecular-weight polyethylene market. Other emerging markets are North America, Europe and Middle East countries. Asia Pacific has the largest market share of global ultra-high molecular weight polyethylene, followed by Europe and rest of the world.
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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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