July 28, 2022 14:40 ET | Source: Straits Research Straits Research
New York, United States, July 28, 2022 (GLOBE NEWSWIRE) -- Thermoplastic UHMWPE (ultra-high molecular weight polyethylene) has high structural strength and is biocompatible. In the manufacture of rods, sheets and tubes it is frequently used as a result of its excellent resistance to water, chemicals, microorganisms and ultraviolet (U.V.) radiation. UHMWPE is used globally in bushings, worn strips, chain guides, chute and hopper linings, and boat and truck bed liners due to its low moisture absorption and high electrical and thermal insulation, self-lubrication, and chemical inertness. Additionally, industrial applications that need chemical resistance, low friction, and durability are growing because of their adaptability. Uhmwpe Round Bar
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Rising Demand from Aerospace & Defense and Automotive will drive UHMWPE Market Growth Increasing government investments and endeavours to supply their military with superior protective gear will drive the market over the forecast period. Protective gear like shields, plate inserts, bulletproof vests, battle helmets, and armour is essential for soldier movement. Government programs like SPS will improve aerospace & defence product demand. UHMWPE is more robust and safer than steel for aerospace and defence wire ropes. Due to its self-lubricating and vibration-reducing qualities, UHMWPE is utilized in automotive seat parts, belts, and truck shock spacers. The constantly developing automobile industry will drive the market.
Increasing Geriatric Population One main factor driving the geriatric population is the demand for UHMWPE. It is explained by the ageing population's rising demand for healthcare and implants. Countries like China and Japan are seeing an increase in their older populations. Additionally, there is a high demand for UHMWPE from manufacturers of orthopaedic implants and parts for medical devices because of its qualities, including its high strength to weight ratio, self-lubrication, chemical resistance, and excellent dielectric & electrical insulating, and impact resistance. Additionally, as UHMWPE is utilized to make light electric vehicle parts and serve as a battery separator in E.V. batteries, it is anticipated that the rise in E.V. would raise demand for UHMWPE.
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Growth Opportunities Will Be Created by the Growing Demand for Medical Implants Due to its superior biocompatibility, wear-resistance, and ductility, ultra-high molecular weight polyethylene is increasingly employed in the medical sector. Many research projects have been carried out to create UHMWPE with improved mechanical and tribological performance and to give patients durable implants. Several businesses have introduced items of the highest quality for usage in biomedical implants. For instance, DSM offers Dyneema Purity fibre, a medical-grade ultra-high molecular weight polyethylene fibre that complies with ASTM and ISO requirements. This fibre is fifteen times stronger than steel. Furthermore, technological advances have created improved prosthetics with longer useful lives and higher patient comfort levels. Furthermore, there has been an increase in medical procedures for hip and knee replacements in recent years. During the projected period, the demand is anticipated to be driven by the growing geriatric population in nations like Germany, the United States, and Japan. One of the most desired polymers for use in the creation of medical implants is ultra-high molecular weight polyethylene.
Regional Analysis of the Global Ultra-High Molecular Weight Polyethylene Market The market is broken down into Europe, North America, Asia-Pacific, Latin America, and the Middle East & Africa. In 2021, North America dominated the global UHMWPE market, and it is predicted to do so again over the forecast period. The market is expanding due to significant market players in the area and the widespread use of ultra-high molecular weight polyethylene in various industries, including aerospace & military, automotive, and healthcare. Due to ongoing investments in the medical sector's improvement, Asia-Pacific has the most significant CAGR throughout the forecast period. Due to its characteristics, UHMW PE is mainly employed in orthopaedic manufacturing facilities. The rise of the medical sector in Asia-Pacific is one of the factors fueling the need for UHMW PE. UHMW PE is also used in mechanical equipment. Many nations have been affected by the emergence of COVID-19. This deadly disease is most prevalent in China. Businesses are experiencing short-term operational concerns due to the outbreak's access restrictions and supply chain problems.
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Competitive Analysis of the Global Ultra-High Molecular Weight Polyethylene Market
Segmentation of the Global Ultra-High Molecular Weight Polyethylene Market
Table of Content and Figure @ https://straitsresearch.com/report/ultra-high-molecular-weight-polyethylene-market/toc
Recent Developments in Some of the Key Players
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