Ultra-High Molecular Polyethylene Market to experience an impressive growth of 11.2% during 2020-2025
January 31, 2020
Ultra-high molecular polyethylene market is likely to witness an impressive CAGR of 11.2% during the forecast period. The growth in healthcare & medical industry is the prime factor that is driving the ultra-high molecular polyethylene market globally.
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Ultra-High Molecular Polyethylene Market Segment Insights:
By Form Type:
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.
By End-Use Industry Type
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 the highest growth in the coming five years. The growth is attributed to the growing use of ultra-high molecular polyethylene in orthopedic implants.
By Region:
In terms of regions, Asia-Pacific is expected to depict the highest 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.
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- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
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- 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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