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Ultra High Molecular Weight Polyethylene Market is expected to grow at the CAGR of 11.5%

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Global Ultra-High-Molecular-Weight Polyethylene Market Information- By Application (Medical grade & prosthetics, Filtration, Batteries, Fibers, Additives, Membranes and Others) and By Region - Forecast To 2022

— Market Highlights:
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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According to MRFR’s analysis, it is estimated that the Global Ultra-High-Molecular-Weight Polyethylene Market size will be USD 1.90 billion in 2022 and drivers of this market are various industries such as, medical grade & prosthetics, filtration, batteries, fibers, additives, membranes and others. Medical grade & prosthetics both were counted among largest application of this market accounting for 25% in 2015 and expected to grow at the CAGR of 11.5% till 2022; it has been expected that the growth has started at this rate from 2016. Demand in fiber application is anticipated to increase by the CAGR of 11.3% till 2022, nevertheless this growth has started from 2016.

Product Description:
Ultra High Molecular Weight Polyethylene (UHMWP) is also known as high-modulus polyethylene or high-performance polyethylene. It is a linear polyethylene with extensively large molecular weight ranging from 4 billion to 6 billion. Due to its high molecular weight it has various advanced physical and chemical properties like high impact resistance, high abrasion resistance, low co-efficient of friction etc. Due to these properties Ultra-High Molecular Weight Polyethylene is an ideal solution for reducing wear and friction in automotive, railroad, agriculture, medical, printing and packaging applications. Moreover due to its low coefficient of friction UHMWP is self-lubricating, and it replaces unwanted grease and oil during many applications.

Ultra-High Molecular Weight Polyethylene is one of the most demanded among engineering plastics due to its applications in various end-user industries including transportation, energy, consumer goods, industrial coatings, electronics and others. Ultra-high-molecular weight polyethylene also known as nylon occurs in nature in the form of silk and wool and can be produced artificially through polymerization.

Almost 27% of the total polyamide demand was from the transportation segment in 2015, with consumer goods application was the fastest growing application segment. As an application, transportation is the largest segment of polyamide, primarily due to its high penetration in all regions and increased demand for lightweight polyamide from auto component manufacturers.

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Further Key Findings from the Report Suggest:
• The Global Ultra-High-Molecular-Weight Polyethylene Market demand was estimated to be 1.90 billion tons in 2022.
• Smart drug delivery system & implants of Ultra-High-Molecular- Weight Polyethylene had the highest market share in 2016.
• Asia Pacific has dominated the market and has been estimated to have increased its share in the market with the high CAGR of XX% in 2016.
• Key companies in the Ultra-High Molecular Weight Polyethylene Industry includes Cleanese Corporation, Royal Dsm, Braskem, Honeywell International, Toyobo Co. Ltd., Mitsui Chemicals, Lyondellbasell, Asahi Kasei Advanced Corporation, Argosy International Inc., and Teijin Group.

Key Points from Table of Content:

11. Company Profiles

11.1 Cleanese Corporation
11.1.1 Overview
11.1.2 Financials
11.1.3 Product Portfolio
11.1.4 Business Strategies
11.1.5 Recent Development

11.2 Royal Dsm
11.2.1 Overview
11.2.2 Financials
11.2.3 Product Portfolio
11.2.4 Business Strategies
11.2.5 Recent Development

11.3 Braskem
11.3.1 Overview
11.3.2 Financials
11.3.3 Product Portfolio
11.3.4 Business Strategies
11.3.5 Recent Development

11.4 Honeywell International
11.4.1 Overview
11.4.2 Financials
11.4.3 Product Portfolio
11.4.4 Business Strategies
11.4.5 Recent Development

Browse Full Report Details @ https://www.marketresearchfuture.com/reports/ultra-high-molecular-weight-polyethylene-market-2081

About Market Research Future:
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.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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Email: sales@marketresearchfuture.com
Organization: Market Research Future
Address: Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar, Pune
Phone: +1 646 845 9312

Source URL: https://marketersmedia.com/ultra-high-molecular-weight-polyethylene-market-is-expected-to-grow-at-the-cagr-of-11-5/255886

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Source: MarketersMedia

Release ID: 255886

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