Ultra-High Molecular Weight Polyethylene Market worth $2.8 billion by 2027 - Exclusive Report by MarketsandMarkets™
CHICAGO, July 8, 2022 /PRNewswire/ -- According to the new market research report "Ultra-High Molecular Weight Polyethylene Market by Form (Sheets, Rods & Tubes, Fibers, Films, Tapes), End-Use Industry (Aerospace, Defense & Shipping, Healthcare & Medical, Mechanical Equipment, Consumer Goods), Region - Global Forecast to 2027", published by MarketsandMarkets™, the global Ultra-High Molecular Weight Polyethylene (UHMW PE) market size is estimated to be USD 1.8 billion in 2022 and is projected to reach USD 2.8 billion by 2027, at a CAGR of 9.1% from 2022 to 2027. The increasing demand from aerospace & defense industry, orthopedic implants and government initiatives in various countries such as India and China, play a key role in driving the growth for UHMW PE market. In addition, increasing R&D, mass production of ballistic fibers, and compliance with various legal and administrative bodies is expected to create opportunities in the market.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=257883188
Browse in-depth TOC on "Ultra-High Molecular Weight Polyethylene Market"
223 – Tables
55 – Figures
218 – Pages
View Detailed Table of Content Here: https://www.marketsandmarkets.com/Market-Reports/ultra-high-molecular-weight-polyethylene-market-257883188.html
Sheet segment is estimated to lead the UHMW PE market in 2022
Sheets segment is estimated to account for a largest share of the UHMW PE market in 2022 by form. The increasing use of sheets in aerospace, defense, & shipping industries for the manufacture of aircraft interiors and in mechanical equipment industries for the manufacture of conveyor belts are the factors that lead to the largest share of sheets in UHMW PE market.
Healthcare & Medical is the fastest growing end-use industry of the UHMW PE market in 2022
The healthcare & medical segment is expected to grow at the highest CAGR in 2022. High demand of UHMW PE for the manufacturing of orthopedic implants and parts for medical devices such as cardiovascular devices, due to excellent properties such as high strength to weight ratio, self-lubrication, and impact resistance. These factors are expected to drive the demand for UHMW PE in healthcare & medical industry.
Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=257883188
Asia Pacific is expected to be the fastest-growing region in the UHMW PE market during the forecast period
Asia Pacific is projected to be the fastest-growing segment between 2022 and 2027. China and Japan together accounted for the major share of the Asia Pacific UHMW PE market in 2022. The Asia Pacific region is emerging as a lucrative market for UHMW PE, owing to fast industrial development and improving economic conditions. In addition, the growth of the medical industry, mechanical equipment industry, presence of a various mechanical component manufacturing plants in China, and rapid industrialization in Asia Pacific are expected to drive the UHMW PE market.
Celanese Corporation (US), Royal DSM N.V. (Netherlands), LyondellBasell Industries N.V. (Netherlands), Braskem S.A (Brazil), Asahi Kasei Corporation, (Japan), Korea Petrochemicals Ind. Co., Ltd. (China), DuPont De Nemours Inc. (US), Mitsui Chemicals, Inc. (Japan), Honeywell International, Inc. (US), and Teijin Limited (Japan) and others are key players in the UHMW PE market.
Browse Adjacent Markets: Chemical Market Research Reports & Consulting
Related Reports:
- Ultra-High Molecular Weight Polyethylene Market by Form (Sheets, Rods & Tubes, Fibers, Films, Tapes), End-Use Industry (Aerospace, Defense & Shipping, Healthcare & Medical, Mechanical Equipment, Food & Beverages), Region - Global Forecast to 2025
https://www.marketsandmarkets.com/Market-Reports/ultra-high-molecular-weight-polyethylene-market-257883188.html - Plastic Films & Sheets Market by Material Type (LLDPE, LDPE, HDPE, BOPP, CPP, PVC, PES, PA), Applications (Packaging & Non-Packaging) and Region (North America, Europe, South America, Asia Pacific and Middle East & Africa) - Global Forecast to 2026
https://www.marketsandmarkets.com/Market-Reports/plastic-films-plastic-sheets-market-1318.html
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [email protected]
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/ultra-high-molecular-weight-polyethylene-market.asp
Visit Our Website: https://www.marketsandmarkets.com/
Content Source: https://www.marketsandmarkets.com/PressReleases/ultra-high-molecular-weight-polyethylene.asp
Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg
SOURCE MarketsandMarkets
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article