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.
Here you get a free sample report:
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.
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.
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)
Download our Sample PDF:
By Form type
o Defense & Shipping
o Healthcare & Medical
o Mechanical Equipment
By End Users
o Medical Grade & Prosthetics
Rest of Asia Pacific
Get Full Summary@
Precision Business Insights,
152 – 160 City Road,
London EC1V 2NX
Precision Business Insights,
152 – 160 City Road,
London EC1V 2NX
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release 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 here
News-ID: 1617620 • Views: 128
More Releases from Precision Business Insights
Mammography Workstation Market Insights and Trends 2022-28
The mammography workstations market size was valued at USD 53.5 million in 2021 and is expanded to grow at a significant CAGR of 5.2% over 2022-2028. A mammogram is a type of specialist breast imaging technology that employs low-dose x-rays to find cancer before the patient notices any symptoms. It is a kind of non-invasive medical test that aids in the diagnosis and treatment of medical disorders. Physicians can view,
Endometrial Cancer Diagnostics Market Size | Global Report 2022-28
The global endometrial cancer diagnostics market size was valued at USD 21.4 billion in 2021, at a CAGR of 5.4% during the forecast period 2022-2028. Given that the endometrium is a component of the uterus, endometrial cancer is the most prevalent type of uterine cancer. Uterine cancer is another name for endometrial cancer. It is gynecological cancer that is most frequently detected. Endometrial cancer develops when the endometrium, the innermost
Cosmetics OEM/ODM Market Key Challenges and Growth Analysis 2022
The global cosmetics oem/odm market size was valued at USD 50.23 billion in 2021, at a CAGR of 5.4% during the forecast period 2022-2028. The term "cosmetics OEM" (original equipment manufacturer) refers to a business that develops and manufactures cosmetic items under private labels on behalf of other businesses. OEMs are the primary producers of the majority of cosmetics items on the market. Cosmetic ODM is described as the business
Pulse Oximeter Market Size, Growth Drivers 2022-28
The research report "Pulse Oximeters Market: by Product Type (Fingertip, Hand-Held, Table-Top/Bedside, Wrist-Worn, and Pediatric Pulse Oximeters), End-User (Hospitals, Clinics, Ambulatory Surgical Centers (ASC), Homecare Settings) - Global/Region/Country Forecast to 2028. The global pulse Oximeters market size was valued at USD 1832 million in 2021 and is poised to grow at a CAGR of 6.6% over 2022-2028. View the detailed report description here - https://precisionbusinessinsights.com/market-reports/global-pulse-oximeters-market/
More Releases for Asia
South East Asia Business Jet Market And Top Key Players are Asia Corporate Jet, …
By 2022, the South East Asia Business Jet Markets estimated to reach US$ XX Mn, up from US$ XX Mn in 2016, growing at a CAGR of XX% during the forecast period. The Global Business Jet Market, currently at 21 million USD, contributes the highest share in the market and is poised to grow at the fastest rate in the future. The three broad categories of business jets are Small,
RAMPF Korea – Producing in Asia for Asia
Joint Venture for the Asian markets – The international RAMPF Group has realigned the cooperation with its long-standing partner Orient Dosiertechnik from Korea with the founding of RAMPF Korea Co., Ltd. The new company based in Hwaseong City is developing and producing mixing and dispensing systems specifically for the Asian markets. Within the framework of the new joint venture based in Hwaseong City, mixing and dispensing systems are being developed and
LIXIL Asia Presents Asia Pacific Property Awards
Through its power brands GROHE and American Standard, LIXIL Asia signs a three-year deal to become the Headline Sponsor of the Asia Pacific Property Awards from 2019 until 2022. 23rd January 2019: The International Property Awards, first established in 1993, are open to residential and commercial property professionals from around the globe. They celebrate the highest levels of achievement by companies operating within the architecture, interior design, real estate and property
PEOPLEWAVE WINS ASIA TECH PODCAST PITCHDECK ASIA 2019 AWARDS
15 January 2019, Singapore – Peoplewave, Asia’s leading data-driven HR technology company, won the Asia Tech Podcast (ATP) Pitchdeck Asia 2019 Awards, being awarded “Startup Most Likely to Succeed in 2019". The 2019 Pitchdeck Asia Awards is an opportunity for the Asian Startup Ecosystem to shine a spotlight on some of its best startups. The awards were decided by a public vote. More than 7,200 votes were cast by registered LinkedIn
Undersea Defence Technology Asia, UDT Asia 2011
Latest Military Diving Technologies featured in UDT Asia Equipping Asia’s navies with the latest diving technology for asymmetric warfare and operations SINGAPORE, 17 October 2011 - Naval diving and underwater special operations is a field that is seeing increased attention and investment amongst navies in Asia. Units such as the Indonesian Navy‟s KOPASKA, the Republic of Singapore Navy‟s Naval Diving Unit (NDU), the Royal Malaysian Navy‟s PASKAL are increasingly utilising specialised equipment for conducting
Asia Diligence – Specialist Investigative Due Diligence for Asia & Beyond
Asia Diligence today announced the opening of its European Customer Services office in the United Kingdom. The office is to be managed by Steve Fowler and will focus on providing services to Asia Diligence’s European customers. Asia Diligence is also planning to open a US office in the near future, which will provide customer service to its US and North American clients. Asked to comment on the move, Luke Palmer, the