Ultra-High Molecular Weight Polyethylene Market trends research and projections for 2019 - 2025

Ultra-High Molecular Weight Polyethylene Market to Witness A Phenomenal Growth over 2019 to 2025: Global Market Insights, Inc. Global Market Insights, Inc present the report on global ultra-high molecular weight polyethylene market evaluates the growth trends of the industry through historical study and estimates future prospects based on comprehensive research. The report extensively provides the market share, growth, trends and forecasts for the period 2019-2025.

The ultra-high molecular weight polyethylene market is likely to portray an upward trend owing to developments in the healthcare industry. Global healthcare expenditure is likely to increase from around USD 7 trillion in 2017 to more than USD 10 trillion by 2022.

This growth is driven by various factors like rising population, increasing public & private investments, technological advancements, improving disposable income in emerging markets, etc. Such growth in the healthcare sector will significantly increase demand for ultrahigh molecular weight polyethylene. This is owing to the product usage in various medical applications like hip & spine implants, joint replacements, surgical sutures, etc.

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high-molecular-weight-polyethylene-market High-modulus polyethylene is a unique engineered thermoplastic which possess supreme physical & mechanical properties like corrosion resistance, wear resistant, excellent strength in high temperature, chemical resistance, etc. These qualities play a vital role in the defense sector. Its high energy absorption capacity and stress resistance makes it suitable to be used in ballistic protection applications like protection panels, insert plates, helmets etc. Rising defense expenditure in U.S. will significantly increase the product demand in near future.

On the basis of grade, the ultra-high molecular weight polyethylene market is segmented into virgin, reprocessed, antistatic, FDA compliant, flame retardant, and others which include oil filled, UV resistant, etc. Virgin grade ultra-high molecular weight polyethylene is likely to attain a significant share owing to its excellent strength and machinability. This grade is used in various applications like cutting boards, slides, rollers, metal detector troughs, trimmer lugs, etc. Reprocessed grade is a blend of recycled and virgin ultra-high molecular weight polyethylene. These are used in packaging & material handling applications. The grades which are FDA approved can be used in medical industry.

Based on processes, the ultra-high molecular weight polyethylene market is segmented into compression molding, ram extrusion, sintering and others. Ram extrusion is one of the most common processes which converts the powder particles of high-modulus polyethylene into bulk products. It can produce various forms of high-modulus polyethylene like sheets, plates, tubes and other customized profiles. Compression molding is another significant process owing to its widespread use.

Asia Pacific is likely to portray a significant growth rate in the coming years owing to developments in its end-user industries like automotive, industrial and electronics. China has become one of the leading automotive manufacturers which accounted for about 27 million motor vehicles in 2018. Rising population, economic development and rising middle class are some reasons behind such growth. North America is also a significant regional market of ultrahigh molecular weight polyethylene owing to its high aircraft production capacity and progressing medical sector.

Major players in the ultra-high molecular weight polyethylene market are Honeywell International, Celanese Corporation, Royal DSM, Teijin Aramid B.V., Mitsui Chemicals, Inc., etc.

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