PUNE, India, May 2, 2017 /PRNewswire/ --
The report "Ultra-High Molecular Weight Polyethylene Market by Form (Sheets, Rods & Tubes), End-Use Industry (Aerospace, Defense, & Shipping, Healthcare & Medical, Mechanical Equipment), Region - Global Forecast to 2021", published by MarketsandMarkets™, the market is projected to reach USD 2.16 Billion by 2021, at a CAGR of 9.9% from 2016 to 2021.
Browse 102 market data Tables and 83 Figures spread through 177 Pages and in-depth TOC on "Ultra-High Molecular Weight Polyethylene Market"
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This growth is mainly attributed to the increasing demand for UHMW PE from the healthcare & medical industry worldwide due to its properties such as self-lubrication, biocompatibility, and impact resistance.
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Sheets segment estimated to lead the UHMW PE market in 2016
By form, the sheets segment is estimated to account for a major share of the UHMW PE market in 2016. This large share is mainly attributed to the extensive use of sheets in the aerospace, defense, & shipping industries for the manufacture of aircraft interiors & mechanical equipment industries for the manufacture of conveyer belts. Rods & tubes are the second most used form of UHMW PE used majorly in the mechanical equipment industry.
Healthcare & medical end-use industry segment expected to lead the UHMW PE market by 2021
By end-use industry, the healthcare & medical segment is estimated to account for a major share of the UHMW PE market in 2016. In the healthcare & medical industry, there is a high demand for UHMW PE for the manufacture of orthopedic implants and parts for medical devices due to properties such as high strength to weight ratio, self-lubrication, and impact resistance. The growing demand for orthopedic implants from developed countries is expected to fuel the growth of the UHMW PE market globally.
The North American region is expected to lead the global UHMW PE market during the forecast period
By region, North America is estimated to account for the largest share of the global Ultra-High Molecular Weight Polyethylene Market in 2016, and the U.S. is estimated to account for the largest market share in 2016. The growing aerospace, defense & shipping, and healthcare & medical industry in the North American region is driving the demand for UHMW PE.
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Braskem S.A. (Brazil), Celanese Corporation (U.S.), LyondellBasell Industries N.V. (Netherlands), Koninklijke DSM N.V. (Netherlands), Asahi Kasei Corporation (Japan), Mitsui Chemicals, Inc. (Japan), Quadrant Engineering Plastic Products AG (Switzerland), E. I. Du Pont De Nemours and Company (U.S.), Honeywell International, Inc. (U.S.), Toyobo Co., Limited (Japan), and Rochling Engineering Plastics SE & Co. KG (Germany) are some of the key players in the global UHMW PE market.
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