Ultra-High Molecular Weight Polyethylene Market to Outline USD 2.15 Bn by 2021, Predicts M&M in Its New Report Available at MarketPublishers.com19 May 2017 • by Natalie Aster
LONDON – By 2021, the global ultra-high molecular weight polyethylene (UHMW PE) market is set to cross the USD 2.15 billion mark, posting a CAGR of almost 10% since 2016. Surging adoption of UHMW PE in the healthcare and medical industries for prosthetic implants is one of the key market growth driving factors. However, volatile prices for raw materials perform as a significant challenge to the market growth.
Nowadays, the sheets segment dominates the total UHMW PE market in terms of growth rates. The segment is slated to remain the fastest-growing one in the market in the years ahead, given a slew of beneficial properties. Due to the mushrooming demand for prosthetic implants from the developed countries, the demand for UHMW PE from the healthcare and medical industries is predicted to follow an upward trend at a very high pace.
Regionally, the APAC UHMW PE market is likely to grow at the highest CAGR during 2016-2021. Growth of the market in the region is propelled by escalating industrialization, rising middle class population and infrastructure development, to name only a few.
New topical research report “Ultra-High Molecular Weight Polyethylene Market by Form, End-Use Industry, Region - Global Forecast to 2021” prepared by M&M includes an in-depth analysis of the world’s market for UHMW PE. The report traces light on the market development trends (prevailing and emerging), covers the market dynamics, focusing on the key market growth drivers, challenges and hinders. Moreover, the study offers a granular analysis of the key geographical markets. Besides, the report also presents a comprehensive market assessment on the basis of product forms, types, end-uses and regions. Additionally, in-depth insights into the market competitive environment along with detailed profiles of the key market players is available here. Future outlook for the world’s UHMW PE market up to 2021 is provided here, too.
For other research reports by M&M, please, visit its page at MarketPublishers.com.