Asia Pacific Ultra-High Molecular Weight Polyethylene (UHMWPE) Market is Expected to Increase around US$ XX Mn by 2025, Due to Increased Application in Medical Industry

Asia Pacific Ultra-High Molecular Weight Polyethylene (UHMWPE) Market is Expected to Increase around US$ XX Mn by 2025, Due to Increased Application in Medical Industry

“The Asia Pacific Ultra-High Molecular Weight Polyethylene (UHMWPE) Market is anticipated to reach about US$ XX Mn by 2025, and anticipated to expand at a CAGR over seven years of forecast period 2019-2025” owing to increased prevalence of obesity.

Precision Business Insights (PBI) in its report titled “Asia Pacific Ultra-High Molecular Weight Polyethylene (UHMWPE) Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2018 and Forecast 2019-2025” assesses the market performance over seven years forecast period from 2019 to 2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period.

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The Asia Pacific ultra-high molecular weight polyethylene (UHMWPE) market size was accounted for US$ XX Mn in 2018 and anticipated to account for US$ XX Mn by 2025. Increased application in medical industry for joint replacement therapy will create a demand for the growth of the market. However volatile prices of raw material will hinder the growth of the Asia Pacific ultrahigh molecular weight polyethylene market.

Asia Pacific ultrahigh molecular weight polyethylene market segmented on the basis of form type, application and end user.
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Sheets Segment Expected to Dominate the Market

Based on form type, the market is segmented into sheets, rods and tubes. Sheets segment is estimated to account for the largest share of the ultrahigh molecular weight polyethylene market attributing to the extensive use of UHMW PE sheets in the mechanical equipment industry. The segment is also anticipated to grow at a higher CAGR between 2019 and 2025, owing to the increasing demand from the healthcare & medical end-use industry.

Medical Grade and Prosthetics Will Dominate the Revenue Share.

Based on end users, market is segmented into medical grade & prosthetics, filtration, batteries, fibers, additives, membranes. Medical grade & prosthetics dominated the end user segment of ultrahigh molecular weight polyethylene owing to the technological innovations, joint replacements have a higher life span and are being increasingly adopted by the younger generation.

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China and Japan, Accounts for Major Revenue Share for Asia Pacific Ultrahigh Molecular Weight Polyethylene Market

Precision Business Insights (PBI) Asia Pacific ultrahigh molecular weight polyethylene market report analyses the market in different regions of Asia Pacific. China and Japan accounted for major revenue share. The Asia-Pacific UHMW PE market is projected to grow at the highest CAGR from 2019 to 2025. Increasing industrialization and infrastructure development in the region is expected to lead to the growth of the China ultrahigh molecular weight polyethylene market. The increasing middle class population has led to increasing urbanization and growth in the manufacturing sector, which is expected to drive the UHMW PE market in this region. China, Japan, and India are the major countries contributing to the growth of the Asia-Pacific UHMW PE market.

Strategic Collaboration Play Vital Role in Asia Pacific Ultrahigh Molecular Weight Polyethylene Market

Market strategies such as collaboration play an important role in the development of the market. For instances, in February 2016, Koninklijke DSM entered into an agreement with Toyobo Co. Ltd. (Japan) to expand its UHMW PE fiber manufacturing facility in Japan. The agreement involves investment refurbishment and up gradation of their shared manufacturing facility located in Tsuruga City. After this agreement comes into effect, Toyobo will use its own trademark to sell Dyneema.

Key players in the market include Braskem S.A. (Brazil), Celanese Corporation (U.S.), LyondellBasell Industries N.V. (Netherlands), Koninklijke DSM N.V. (Netherlands), Asahi Kasei Corporation (Japan), Mitsui Chemicals, Inc. (Japan), Quadrant Engineering Plastic Products AG (Switzerland), E. I. Du Pont De Nemours and Company (U.S.), Honeywell International, Inc. (U.S.), Toyobo Co., Limited (Japan),Rochling Engineering Plastics SE & Co. KG (Germany)

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Detailed Segmentation

By Form type

o Sheets
o Rods
o Tubes

By Application

o Aerospace
o Defense & Shipping
o Healthcare & Medical
o Mechanical Equipment

By End Users

o Medical Grade & Prosthetics
o Filtration
o Batteries
o Fibers
o Additives
o Membranes

Geography

o Asia-Pacific
 China
 Japan
 India
 ASEAN
 Rest of Asia Pacific

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Precision Business Insights,

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Precision Business Insights,

Kemp House,
152 – 160 City Road,
London EC1V 2NX

This release was published on openPR.