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Global Ultra-High Molecular Weight Polyethylene Market to be Driven by growing demand from various applications in the Forecast Period of 2021-2026

11-04-2022 07:43 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Expert Market Research

Global Ultra-High Molecular Weight Polyethylene Market to be

The new report by Expert Market Research titled, 'Global Ultra-High Molecular Weight Polyethylene Market Report and Forecast 2021-2026', gives an in-depth analysis of the global ultra-high molecular weight polyethylene market, assessing the market based on its segments like form, application, end-use, and major regions.

The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter's Five Forces models.

Request a free sample copy in PDF or view the report summary@ https://www.expertmarketresearch.com/reports/ultra-high-molecular-weight-polyethylene-market/requestsample

The key highlights of the report include:

Market Overview (2016-2026):

Forecast CAGR (2021-2026): 10%

Forecast Market Size (2026): USD 2.63 Billion

Over the forecast period, growing demand from medical and prosthetics applications is expected to drive the market forward significantly. UHMWPE is gaining popularity as a prosthetic material in the medical industry. This growing popularity may be attributed to its advantageous physical and chemical properties, such as improved flexibility and strength.

As a result of technical developments, prosthetics have a longer working life and are more convenient for users. In recent years, market participants have been working hard to process UHMWPE and grow its properties. The material is primarily used to insert shoulders, knees, and spines.

Industry Definition and Major Segments

Ultra-High Molecular Weight Polyethylene (UHMWPE) has a molecular weight of 5 to 9 million. It is a polyethylene subset that is thermoplastic. It has low friction, high abrasion resistance, and high strength. It is also light, self-lubricating, chemically resistant, and sound-dampening.

Explore the full report with the table of contents@ https://www.expertmarketresearch.com/reports/ultra-high-molecular-weight-polyethylene-market

By form, the market is divided into:

Sheets
Rods and Tubes
Fibers
Films
Tapes
Others

Based on applications, the industry is segmented into:

Medical Grade and Prosthetics
Membranes
Filtration
Batteries
Additives
Others

On the basis of end-use industry, the market is segregated into:

Healthcare and Medical
Aerospace
Defense and Military
Mechanical Equipment
Food and Beverages
Others

Based on region, the market is segmented into:

North America
Europe
Asia Pacific
Latin America
Middle East and Africa

Market Trends

The significant demand for orthopedic implants in Europe and North America is propelling the global UHWM-PE market forward. The demand for UHMW-PE in prosthetics is expected to rise due to an increase in the number of joint replacement operations for knees and hips, as well as an increase in the geriatric population. Since it is solid and flexible, it is used for non-absorbable sutures.

Furthermore, UHMW-PE sutures are flatter than polyester and poly-blend sutures, which are commonly used. Because of its use in personal protection equipment and anti-ballistic applications, UHMW-PE is in high demand in the military and defense industry. During the forecast era, the global demand for homeland security and counter-terrorism activities is projected to have a positive effect on the sector.

Because of the high use of UHMW-PE in healthcare, military & defense, automotive, electronics, and other end-use industries, North America accounted for the largest market share. The increasing use of electric and hybrid vehicles in this area is expected to push up product demand in the automotive industry. During the review era, the European region's large industrial base, combined with high demand for UHMW-PE in the healthcare, electronics, and automotive industries, is expected to drive regional market growth.

Key Market Players

The major players in the market are Celanese Corporation, Lyondellbasell Industries Holdings B.V., Koninklijke DSM N.V., Mitsubishi Chemical Holdings Group, Asahi Kasei Advance Corporation, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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Media Contact:

Company Name: Claight Corporation
Contact Person: Frara Prih, Corporate Sales Specialist - U.S.A.
Email: sales@expertmarketresearch.com
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Website: www.expertmarketresearch.com
LinkedIn:- https://www.linkedin.com/company/expert-market-research

About Us:

Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skillful analysis and interpretation of data, the company offers its clients extensive, latest, and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.

EMR customises syndicated reports according to clients' requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.

Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.

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