Ultra-High Molecular Weight Polyethylene Market trends research and projections for 2019 - 2025

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Ultra-High Molecular Weight Polyethylene Market
Growth Outlook with Industry Review and Forecast
2019-2025
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Global Market Scenario of Ultra-High Molecular
Weight Polyethylene Industry

• The ultra-high molecular weight polyethylene
  market is likely to portray an upward trend owing
  to developments in the healthcare industry.
  Global healthcare expenditure is likely to
  increase from around USD 7 trillion in 2017 to
  more than USD 10 trillion by 2022.
• This growth is driven by various factors like
  rising population, increasing public private
  investments, technological advancements,
  improving disposable income in emerging markets,
  etc. Such growth in the healthcare sector will
  significantly increase demand for ultra-high
  molecular weight polyethylene. This is owing to
  the product usage in various medical applications
  like hip spine implants, joint replacements,
  surgical sutures, etc.
• High-modulus polyethylene is a unique engineered
  thermoplastic which possess supreme physical
  mechanical properties like corrosion resistance,
  wear resistant, excellent strength in high
  temperature, chemical resistance, etc.
• These qualities play a vital role in the defense
  sector. Its high energy absorption capacity and
  stress resistance makes it suitable to be used in
  ballistic protection applications like protection
  panels, insert plates, helmets etc. Rising
  defense expenditure in U.S. will significantly
  increase the product demand in near future.
• On the basis of grade, the ultra-high molecular
  weight polyethylene market is segmented into
  virgin, reprocessed, antistatic, FDA compliant,
  flame retardant, and others which include oil
  filled, UV resistant, etc.

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• Regional Trends-
• Asia Pacific is likely to portray a significant
  growth rate in the coming years owing to
  developments in its end-user industries like
  automotive, industrial and electronics. China has
  become one of the leading automotive
  manufacturers which accounted for about 27
  million motor vehicles in 2018. Rising
  population, economic development and rising
  middle class are some reasons behind such growth.
  
• North America is also a significant regional
  market of ultra-high molecular weight
  polyethylene owing to its high aircraft
  production capacity and progressing medical
  sector.

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• Competitive Trends
• Major players in the ultra-high molecular weight
  polyethylene market are Honeywell International,
  Celanese Corporation, Royal DSM, Teijin Aramid
  B.V., Mitsui Chemicals, Inc., etc.

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