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NEW YORK , July 20, 2022 /PRNewswire/ -- According to the latest market research report published by P&S Intelligence, the ultra-high molecular weight polyethylene market accounted for revenue of around $1,896.4 million in 2021, which will hit $4,493.7 million by 2030, at a 10.1% CAGR. The emergence of innovative applications for the material in the healthcare sector, rise in the demand for a high-grade polymer for the production of military bulletproof jackets, and advancements in the automotive sector are all expected to drive the market expansion.
To enhance their geographical presence, gain the first-mover advantage, and gain a wider consumer base than before, companies offering UHMWPE are augmenting their production capacities. Along with this, they are expanding their product portfolio with newer grades of the material for new applications.
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Medical Grade & Prosthetics Will Rule Market
Browse detailed report on Ultra-High Molecular Weight Polyethylene Market Growth and Forecast Report 2022-2030
UHMWPE Fibers Are Highly Used to Make End Products
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