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Showing posts with the label Ultra High Molecular Weight Polyethylene Industry

Ultra High Molecular Weight Polyethylene Market Revenue and Value Chain Analysis by 2022

Superior properties such as high impact strength, low friction coefficient, high flexibility and low reactivity to chemicals & additives makes it favorable for several applications across various industries. Surge in demand for joint replacement surgeries and PPE market is also expected to drive the global industry. The Global Ultra High Molecular Weight Polyethylene (UHMWPE) Market is expected to reach USD 2.60 billion by 2022, according to a new study by Grand View Research, Inc. Government initiatives to provide superior personal protective equipment and anti-ballistic protection to military and law enforcement are expected to develop the global market. High price compared to other polymers is expected to remain a key challenge for its penetration. Medical & prosthetics was the major application and accounted for over 28% of total UHMWPE market volume in 2014. Increasing geriatric population base in the U.S., Japan, most parts of Europe has increased joint replac...