According to MRFR’s analysis, it is estimated that global ultra-high -molecular -weight polyethylene market size will be USD 1.90 billion in 2018 and its drivers are various industries such as, medical grade & prosthetics, filtration, batteries, fibers, additives, membranes and others. Medical grade & prosthetics was one of the largest application accounting to 25% in 2015 and is expected to grow at the CAGR of 11.5% which had started from 2016 and is expected to continue till 2022. Demand in fiber application is anticipated to increase at the CAGR of 11.3% till 2022 presently it is growing at this rate since 2016.
Study Objectives of Ultra High Molecular Weight Polyethylene Market:
The key players in market includes: Cleanese Corporation, Royal Dsm, Braskem, Honeywell International, Toyobo Co. Ltd., Mitsui Chemicals, Lyondellbasell, Asahi Kasei Advanced Corporation, Argosy International Inc., and Teijin Group
APAC will be the ruling market of global ultra-high-molecular-weight polyethylene, accounting for USD XX million and is expected to grow over $ XX million by 2022 followed by North America and Europe. With rise in development of emerging economies countries like China, India, and Brazil will contribute more amount of share in this market.
Europe along with rest of the world are contributing tremendously in the growth of the global ultra-high molecular weight polyethylene market which is expected to grow at the CAGR of XX % till 2022 which has already started in 2016. Throughout its growth period it has maintained this growth rate and it is expected that it will maintain this in future as well.
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