The Ultra-High Molecular Weight Polyethylene (UHMW PE) market is projected to reach USD 2.16 Billion by 2021, at a CAGR of 9.9% from 2016 to 2021.
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According to MarketIntelReports' “Global UHMWPE Market by Manufacturers, Regions, Type and Application, Forecast to 2021”:
Browse 102 Pages and an in-depth TOC on “UHMWPE Market 2016- 2021 ” here www.marketintelreports.com/report/…-forecast-to-2021
UHMWPE or ultra high molecular weight polyethylene is thermoplastic polyethylene chemical material having a molecular weight of 1.5 million. It offers wear and corrosion resistance, impact strength, and low friction surface.
UHMW material absorbs little water and is a hard and stable material. It is used for defence and military applications like protective clothing and gear.
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The main trend in the UHMWPE Market is the use of high density polyethylene in 3D bone grafting. EpiBone, a New York based company makes use of 3D technology for creating artificial bones.
UHMWPE fiber can be used in Orthopaedic surgeries as an implant.
Scope & Regional Forecast of the UHMWPE Market
The UHMWPE Market has applications in automotive industry, wires, cables, defence applications. Medical grade polymer is used as a biomaterial and in medical devices.
The long chains of the high molecular weight polyethylene sheet make it easier for transferring loads. This makes it suitable for medical applications.
Chemical resistance, sound dampening characteristics, and electric insulation contribute to the growth of medical grade ultra high molecular polyethylene.
Growing number of join replacement surgeries, joint infections, and implant loosening drive the demand for ultra high polyethylene. Asia Pacific is expected to hold a major share in the market due to the UHMWPE production in India, China, Japan, and South Korea.
This rise is attributed to the growing urbanisation and increasing incomes.
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The geriatric population in Japan and Germany contributes to the growth of the market. Growing medical infrastructure and high standard of living are responsible for the growth of UHMWPE in US.
Manufacturers make use of R&D activities to get improved versions of the polymer for reducing the wear issues.
Segmentations & Key Players Involved in the UHMWPE Market
- Product Type- Low Range, Medium Range, and High Range.
- Application- Medical, Defense & Aerospace, Industrial Application, and Others.
- Region- North America (USA, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), Latin America, Middle and Africa.
Some of the key players involved in the UHMWPE Market are as follows:
- Celanese (Ticona)
- Asahi Kasei
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