Ultra high molecular weight polyethylene’s industry is affected by its economy and policies, so it is important to focus on economic indexes. With the global recovery in economy, more number of peoples are now paying attention towards environment standards, especially on those region which are still developing and also have large population and fast economic growth. The global ultra-high molecular weight polyethylene market is expected to grow at a CAGR of 9.9% from 2018-2023.
What is UHMWP?
Ultra high molecular weight polyethylene is a part of thermoplastic polyethylene. It has a long chain bonding of about millions of atomic mass unit. Which results as very tough material with its best characteristics of high impact strength, low coefficient of friction, high abrasion resistance and high chemical resistance, one of the best characteristics is that it remains tough even in low temperatures. It is odorless, tasteless and non-toxic type of materials.
What are the applications of UHMWP?
Ultra high molecular weight polyethylene are used in many sectors and industries like, Machined parts, Pulp and paper industry, Food and beverage industry, Porous parts and filters, Waste water treatment, Chemical industry, Sport and Leisure, Textile industry, Automotive industry, Coal and mining industry, Medical devices, Conveyor systems, Marines.
Market research and Market Trend of UHMWP
Optimization of the new bonded UHMWPE technology is improving performance and reducing the cost of boats and marines. They are using it as a bumper material to reduce abrasion damage.
UHMWPE material is now widely used in healthcare sector. Due to high number of knee replacement surgeries is boosting the demand of UHMWP. The increasing old age population is expected to drive the market.
UHMWPE material is also getting used in the manufacture of hydraulic seals and bearings, due to good abrasion resistance they are used in medium mechanical duties in water, oil hydraulics, pneumatics and unlubricated applications.
Who are the major players in UHMWP market?
The companies referred in the market research report are Asahi Kasei (Japan), Calanese Corporation (U.S.), Honeywell International (U.S.), Lyondell Basell Industries (Netherlands), Mitsui Chemicals (Japan), Royal DSM (Netherlands) and 10 others.
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