The changing dynamics in Ultra-High Molecular Polyethylene Market with covid-19 impact assessment
June 03, 2020
The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Ultra-High Molecular Polyethylene Market.
It was estimated prior to this unanticipated outbreak that the Ultra-High Molecular Polyethylene Market was expected to grow at a CAGR of 11.2% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.
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Ultra-High Molecular Polyethylene is mainly thermoplastic polyethylene’s subset. The material is tough and has the reputation of the strongest thermoplastic available as of now. It is tasteless, non-toxic and odorless in nature.
Ultra-High Molecular Polyethylene is available in different forms such as sheets, rods, and tubes. They are of use in many different industries and some of them are aerospace, shipping, defense, healthcare, and mechanical.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Based on the form type, the market is segmented as sheets, rods & tubes, and others. The sheets segment held the largest share of the market in 2018, and is expected to continue its dominance during the forecast period. The growth is attributed to the extensive use of ultra-high molecular polyethylene sheets in mechanical equipment industry. Owing to the growing demand from healthcare & medical industry, this segment is also estimated to grow at a higher rate in the coming five years.
Based on the end-user type, the market is segmented as healthcare & medical, aerospace, defense, and shipping, medical equipment, and others. The healthcare industry segment is expected to depict high growth in the coming five years. The growth is attributed to the growing use of ultra-high molecular polyethylene in orthopedic implants.
In terms of regions, Asia-Pacific is expected to depict high growth in the coming five years for the ultra-high molecular polyethylene market. China and India are the growth engines of the region. The market is sustained by the rising demand for ultra-high molecular polyethylene by various end-use industries. North America and Europe are also estimated to offer substantial growth opportunities during the forecast period.
Key Players:
Some of the ultra-high molecular polyethylene manufacturers are Braskem S.A., Celanese Corporation, Lyondellbasell Industries N.V., Koninklijke DSM N.V., Asahi Kasei Corporation, Mitsui Chemicals, Inc., Saudi Basic Industries Corporation, E. I. Du Pont De Nemours and Company, Honeywell International Inc., Toyobo Co., Limited, Teijin Limited, and Rochling Engineering Plastics Pvt. Ltd.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Ultra-High Molecular Polyethylene Market analysis report discusses the following heads in great detail:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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