SAN FRANCISCO, September 3, 2015 /PRNewswire/ --
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. 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. 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.
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Browse full research report with TOC on "Ultra High Molecular Weight Polyethylene (UHMWPE) Market Analysis By Application (Medical Grade & Prosthetics, Filtration, Batteries, Fibers, Additives, Membranes, Others) And Segment Forecasts To 2022" at: http://www.grandviewresearch.com/industry-analysis/ultra-high-molecular-weight-polyethylene-market
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 replacement surgeries in these regions. Development of novel applications is expected to increase scope for the industry participants. Medical & prosthetics is also expected to witness highest gains over the forecast period.
Further key findings from the study suggest:
Grand View Research has segmented the UHMWPE market on the basis of application and region:
Browse related reports by Grand View Research:
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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