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Global Ultra High Molecular Weight Polyethylene Market (By Form – Sheets, Rods & Tubes, Fibers, Films, Tapes; By Application – Medical Grade and Prosthetics, Food Processing Machinery Parts, Water Treatment, Wear Strips and Guide RAILS, Packaging Machinery Parts, Bumpers, Pile Guards and Dock Fenders, High Speed Conveyors, Star Wheels and Idler Sprockets, Chute, Hopper, and Truck Bed Liners, Batteries, and Others; By Industry –Healthcare and Medical, Aerospace and Defense & Shipping, Oil and Gas, Automotive and Transportation, Electronics, Fibers and Textiles, Industrial and Heavy Equipment, Recreation and Consumer, Pipe and Mining, Material Handling, Water Filtration, Food & Beverages, Chemical, and Others) – Industry Dynamics, Market Size, and Opportunity Forecast to 2026
This report on the global UHMW PE market presents an analysis of the market’s performance during the period from 2016 to 2026. The entire analysis period is divided into three stages, with 2016-2018 as historic data. The stage holds significance in terms of understanding price trend, impact of end market demand of the product, and comprehensive competitive standing. 2019 is considered as base year, and acts as concept test for data being collected and modelled for quarterly sales analysis in the year. 2020-2026 are estimated and forecast values, a reflection of data modelled per se historic and base year trends. The study offers a detailed and unbiased market assessment, taking the previous and present performance of this market in consideration. The prominent trends, market boosters, barriers, opportunities, challenges, and the market’s growth prospects have also been evaluated while conducting this research. The competitive landscape has also been analyzed thoroughly in this 206-page research study to offer the reader with complete information on this market. Entire content and analysis of report has been structured across a total of 15 Chapters, depicted through a combination of more than 150 tables and figures.
The global ultra-high molecular weight polyethylene (UHMW PE) market is undergoing a phase of constant expansion. Much of the growth in this market is derived from the wide-ranging application of UHMW PE across a large pool of industries. To capture the same, report provides estimates for the demand in market for UHMW PE resins, in terms of volume in Kilo Tons and Sales in US$ Million.
UHMW PE is expected to record volume opportunity of more than 130 Kilo Tons over the forecast period, with compounded annual growth rate averaging close to 12%, marginally.
The research report presents a precise overview of the worldwide UHMW PE market. It takes various aspect of this market, such as the key trends, market dynamics, and segmentation, in consideration, to predict its performance over the period from 2016 to 2026. An assessment of each of the regional markets for UHMW PE across the world has been carried out to understand the market scenario on diverse levels, from an extensive global level to tighter local level. The key players and their strategies have also been examined at length to gain an insight into the future of this market.
Report identifies demand trend (market size forecast) for different form of product and their applications. Consumption of these product by different end use industries has also been included in report to provide readers with comprehensive understanding of rationale behind variance in growth trend across regions and for different product forms and their applications.
Analysts at Astute Analytica have assessed the global UHMW PE market on a number of parameters. The most important among them is the segmentation. In this report, the market has been analyzed on four fronts: Form, application, end-use industry, and region. In terms of the form, the market has been classified into sheets, rods and tubes, fibers, films, tapes, and several other forms. Among these, the rotary sheet segment has acquired the lead and is anticipated to remain dominant throughout the forecast period.
Based on the application, the market has been categorized into medical grade and prosthetics, food processing machinery parts, water treatment, wear strips and guide rails, packaging machinery parts, bumpers, pile guards and dock fenders, high speed conveyors, batteries, star wheels and idler sprockets, chute, hopper, and truck bed liners, and various other applications. The medical grade and prosthetics segment emerged as the dominant application segment in 2019. Researchers expect this scenario to remain same over the forecast period.
In this report, the healthcare and medical, oil and gas, automotive and transportation, electronics, fibers and textiles, industrial and heavy equipment, recreation and consumer, pipe and mining, material handling, water filtration, food and beverages, chemical, and the aerospace and defense, and shipping industries have been considered as the prominent end-use industries of UHMW PE across the world. The demand for UHMW PE has been relatively higher in the healthcare and medical industry than other end-use segments. This trend is projected to continue in the years to come.
Geographically, the report has considered Asia Pacific, Europe, North America, South America, and the Middle East and Africa as the key regional markets for UHMW PE, worldwide. In 2019, North America occupied almost one third of the global market in terms of value and volume, both. With significantly high growth, this regional market is likely to retain its leadership during the period of the forecast.
The report adopts a robust approach towards arriving at market size and forecast. Cross verifying the market sized, estimated from supply and demand side, followed by primary validation ensures that report provides due attention to fine details and all estimates are within industry accepted margins. Analysis in the report is based on thorough primary interviews with more than 120 respondents across the supply chain. (Click here for more details of respondents’ profile and questionnaire/survey).
Key Questions Answered
Major factors driving the growth in the global ultra high molecular weight polyethylene market
o Increasing geriatric population and soaring demand for orthopaedic implants
o Wide application base of UHMW PE
o Rising demand for electric vehicles
Trends and opportunities seen in the market
o Rising demand for ballistic protection products
o Compliance with various legal and administrative bodies
· Competitive strategies taken up by prominent players in the market
o Mergers, acquisitions, partnerships, and various expansion strategies
This research report is specially designed for UHMW PE producers, suppliers, and other stakeholders and participants operating in the global UHMW PE market.