The Ultra High Molecular Weight Polyethylene Market is estimated to hit $2.31 billion by 2023.
According to the new market research report by IndustryARC titled “Ultra High Molecular Weight Polyethylene Market: By Type (Low Range, Medium Range, High Range); By Application (Medical, Aerospace and Defense, Industrial and Others); By Geography- Forecast (2018–2023)”, the market is expected to grow at a rate of around 6.1% through 2023, driven by the growing purchasing power in developing economies.
To access the full report browse the link below:
https://industryarc.com/Report/18632/ultra-high-molecular-weight-polyethelene-market.html
The global Ultra High Molecular Weight Polyethylenes market is estimated to generate revenue of $2.31 billion by 2023, growing at a 6.10% CAGR during 2018–2023 from revenue of $1.62 billion in 2017.
Asia-Pacific Will Continue to Lead the Market Share and Growth During 2018–2023.
Asia-pacific is dominating the Ultra High Molecular Weight Polyethylene Market with the maximum revenue and highest growth rate. The APAC UHMWPE market is projected to grow with a CAGR of 6.7% during 2018 to 2023 from $609.42 million in 2017 to $905.71 million in 2023. China, Japan and India are the prominent UHWMPE market regions.
Selected/Sample Analysis Done in the Full Report:
The low range segment generated the maximum revenue of $702.74 million in the overall UHMWPE market in 2017 and is growing at a CAGR of 6.2% to reach $1.008 billion by 2023.
The global UHMWPE market by applications is dominated by medical sector with the revenue contribution of $554.75 million in the year 2017 and is projected to reach $804.92 million by 2023 with a CAGR of 6.4%.
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Excerpts on Market Growth Factors Mentioned in the Full Report:
1. The demand for UHMWPE fibers in many civil applications such as climbing equipment, kites sports, spear lines for spear guns is expected to drive the market growth.
2. The positive growth drivers in the automotive industry are giving very positive impact on the market growth. Automobile production is on the rise and there is a strong demand for lighter and safer vehicles. This will be the major area of application for UHMWPE in automotive sector thereby driving the market.
The Ultra High Molecular Weight Polyethylene Market Report is Segmented as Below:
Ultra High Molecular Weight Polyethylene Market By Type:
1.Low Range
2.Medium Range
3.High Range
Ultra High Molecular Weight Polyethylene Market By Application:
1.Medical
2.Defense & Aerospace
3.Industrial Applications
Others
Companies Citied / Interviewed
1.Lyondellbasell Industries Holdings B.V.
2.Royal Dsm N.V.
3.Asahi Kasei Corporation
4.Mitsui Chemicals, Inc.
5.Sabic
6.Quadrant Group
7.Rochling Engineering Plastics Se & Co. Kg
8.Exxon Mobil
And more
What can you expect from the report?
The Ultra High Molecular Weight Polyethylene Market Report prepared with the main agenda to cover the following points:
Market Size by Product Categories
Market trends
Manufacturer Landscape
Distributor Landscape
Pricing Analysis
Top 10 End user Analysis
Product Benchmarking
Product Developments
And more
Any other major customizations can be discussed with our team, we can provide a separate quote based on your requirements. You can drop in an e-mail to sales@industryarc.com to discuss more about our consulting services.
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About IndustryARC:
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