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The global ultra-high molecular weight polyethylene market size was US$ 1.76 billion in 2021. The global ultra-high molecular weight polyethylene market size is forecast to reach US$ 5.2 billion by 2032, growing at a compound annual growth rate (CAGR) of 10.1% during the forecast period from 2022 to 2032.
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Ultra-High Molecular Weight Polyethylene is much thermoplastic polyethylene. It is also referred to as high-performance polyethylene or polyethylene with a large modulus. With 100,000 to 250,000 ethylene monomer connections per polyethylene molecule, the polyolefin has a long polymer chain. The polymer’s molecular weight ranges from 3.5 million to 7.5 million amu. The polymer’s intermolecular attraction is increased by the longer chain. It is a tough, tasteless, light, odorless, non-toxic polymer that also has great strength, outstanding resistance to abrasion and corrosion, is self-lubricating, absorbs moisture at a moderate rate, and has a low coefficient of friction. Except for oxidizing acids, chemicals have little effect on them.
The rise in demand from the aerospace, defense & shipping sector and from orthopedic implants for knee and hip replacements drive the global market.
The presence of alternates such as PEEK, aramid fiber, etc., may slow down the overall market growth.
The growing demand for electric vehicles is forecast to offer lucrative opportunities for the global market.
The COVID-19 pandemic had a negative impact on the global market. Several governments worldwide imposed a lockdown in order to curb the virus from spreading. As a result, manufacturing operations were shut down, which disrupted the product’s supply chain. The manufacturing facilities of businesses in the mechanical and electronics industries were constrained by a scarcity of labor and raw materials. Additionally, the pandemic-related lockdown in important areas has caused a reduction in the market for products from the aerospace and automotive industries. As numerous surgeries were delayed due to the pandemic, joint replacement surgeries were necessary. As a result, less ultra-high molecular weight polyethylene was used globally for medical applications.
North America accounted for a substantial market share in 2021 and is forecast to remain dominant during the forecast period. As a result of the increasing demand for UHMWP in several end-user industries, including military and defense, and growing cases of patients with joint surgeries such as hips and knees. In addition, the presence of prominent participants and the rising government’s focus on several new initiatives of military programs, including the soldier protection system. Thus, these factors drive the market growth in the region.
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The leading prominent companies profiled in the global ultra-high molecular weight polyethylene market are: Celanese Corporation LyondellBasell Industries Holdings B.V. Koninklijke DSM N.V. China Petrochemical Corporation Mitsubishi Chemical Advanced Materials Group LianLe Chemical Corporation Crown Plastics, Inc. Braskem Asahi Kasei Corporation Dotmar Engineering Plastics Honeywell International, Inc. Mitsui Chemicals, Inc. TSE Industries, Inc. Garland Manufacturing Company Other Prominent Players
The global ultra-high molecular weight polyethylene market segmentation focuses on Product, Application, and Region.
Segmentation based on Product Fibers Sheets Rods Medical Grade and Prosthetics Others
Segmentation based on Application Filtration Batteries Fibers Additives Membranes Medical Grade and Prosthetics Others
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Segmentation based on Region North America The U.S. Canada Mexico Europe Western Europe The UK Germany France Italy Spain Rest of Western Europe Eastern Europe Poland Russia Rest of Eastern Europe Asia Pacific China India Japan Australia & New Zealand ASEAN Rest of Asia Pacific Middle East & Africa (MEA) UAE Saudi Arabia South Africa Rest of MEA South America Brazil Argentina Rest of South America
Meta Title: Ultra-High Molecular Weight Polyethylene Market Size, Share, Insight and Forecast 2022 To 2032 Meta Description: Global Ultra-High Molecular Weight Polyethylene Market is projected to reach US$ 5.2 billion by the end of 2032 from US$ 1.76 billion in 2021, at a CAGR of 10.1% Meta Keywords: ultra-high molecular weight polyethylene market Size, ultra-high molecular weight polyethylene market share, ultra-high molecular weight polyethylene market trend, ultra-high molecular weight polyethylene market Forecast, ultra-high molecular weight polyethylene market insight
Key questions answered in the global market report are:
— How does a global company acquire markets? — What are its core strategies and policies? — What factors will influence the chemical market over the forecast period? — What are the factors driving and restraining the market? — What are the leading competitors in the global market? — Which region is growing at a higher pace in the global market?
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