Ultra High Molecular Weight Polyethylene Market Is Expected To Expand At A CAGR Of 12.6%Posted by rahul nikade on July 27th, 2022 Ultra High Molecular Weight Polyethylene Industry Overview The global ultra-high molecular weight polyethylene market is anticipated to reach USD 5.59 billion by 2030, growing at a CAGR of 12.6% from 2022 to 2030, according to a new report by Grand View Research, Inc. Increasing demand from medical & prosthetics application is expected to significantly drive the market growth during the forecast period. Ultra-high Molecular Weight Polyethylene (UHMWPE) has been witnessing increasing acceptance as prosthetics in the medical industry for the past few years. This rising acceptance can be attributed to its favorable physical and chemical properties such as higher flexibility as compared to metals and superior strength. Technological advancements have resulted in prosthetics having a longer operational life and being more comfortable for the users. Over the recent years, market participants have taken active steps to process UHMWPE and improve its properties. The product is majorly used for hip, knee, and spine implants. Ultra High Molecular Weight Polyethylene Market Segmentation Grand View Research has segmented the global ultra high molecular weight polyethylene market on the basis of product, application, and region: Based on the Product Insights, the market is segmented into Medical-grade & Prosthetics, Fibers, Sheets, Rods, Others.
Based on the Application Insights, the market is segmented into Medical-grade & Prosthetics, Filtration, Batteries, Fibers, Additives, Membranes, Others.
Ultra High Molecular Weight Polyethylene Regional Outlook
Key Companies Profile & Market Share Insights The raw materials used in the manufacture of UHMWPE along with their affiliated costs play a significant role in determining the price of the product. As a result, the prices of raw materials such as ethylene and polyethylene terephthalate are expected to play a vital role in the market over the forecast period. Some prominent players in the global ultra high molecular weight polyethylene market include
Order a free sample PDF of the Ultra High Molecular Weight Polyethylene Market Intelligence Study, published by Grand View Research. About Grand View Research Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead. Contact: Sherry James Corporate Sales Specialist, USA Grand View Research, Inc. Phone: 1-415-349-0058 Toll Free: 1-888-202-9519 Email: sales@grandviewresearch.com Like it? Share it!More by this author |