Ultra-High Molecular Weight Polyethylene (UHMWPE) Market Size, Growth Strategies 2022-28

The research report "Ultra High Molecular Weight Polyethylene (UHMWPE) Market: By Form (Sheets, Rods & Tubes), By End-Use Industry (Aerospace, Defense, & Shipping, Healthcare & Medical, Mechanical Equipment), By Application (Medical Grade & Prosthetics, Filtration, Batteries, Fibers, Additives, Membranes), and Geography- Global/Region/Country Forecast to 2028. The global ultra high molecular weight polyethylene (UHMWPE) market size was valued at USD 1.8 billion in 2021 and anticipated to grow at a CAGR of 9.2% during 2022-28.

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Increase in the use of UHMWPE-based protection gear is likely to fuel the Ultra High Molecular Weight Polyethylene (UHMWPE) Market:
Ultra high molecular weight polyethylene (UHMWPE) is tasteless, nontoxic and odorless polyethylene. It is available in several shapes and form according to its use in different applications. It has all the characteristics of high-density polyethylene (HDPE) and has the added benefit of being resistant to alkalis, acids and another organic solvent. Medical sector is the leading sector contributes to the global UHMWPE market which got nearly 30% of the market share in the year 2016. Suitable characteristics of UHMWPE work as an implant for orthopedic surgeries and consequently increasing the demand for UHMWPE.

There are a few factors which will bolster the ultra high molecular weight polythene (UHMWPE) market growth such as the growing demand from North America, increasing use of UHMWPE-based protection gear and growing demand from the medical implant industry. On the other hand, volatile prices of raw material will hamper the ultrahigh molecular weight polyethylene market growth. The sheets segment is anticipated to get the high share of the UHMW PE market in 2019 on the basis of form. This substantial percentage can be attributable to the mechanical equipment industry's widespread use of UHMW PE sheets. The segment is anticipated to grow at rapid CAGR rate because of the growing demand from healthcare and medical end-use industries.

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North America accounted for major share in Ultra High Molecular Weight Polyethylene (UHMWPE) Market:
North America UHMWPE market got the larger share and dominated the global industry and is anticipated to grow at a CAGR rate XX% over the next few years. Increasing joint replacement cases coupled with growing geriatric population has also played an important role in fuelling the U.S. A huge number of automotive manufacturing facilities are there around the Canada and U.S. resulting in growing demand for battery separators and is anticipated to have positive impact on the overall market. Constant investments made in battery manufacturing facilities in Asia Pacific and North America is anticipated to fuel the UHMWPE demand over the long term. Medical grade and prosthetics market is anticipated to grow at high rate over the forecast period followed by batteries market.

Competitive Analysis Ultra High Molecular Weight Polyethylene (UHMWPE) Market:
Major players working in the ultra high molecular weight polyethylene (UHMWPE) market are Braskem S.A. (Brazil), Celanese Corporation (U.S.), LyondellBasell Industries N.V. (Netherlands) and Koninklijke DSM N.V. (Netherlands).

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