Ultra High Molecular Weight Polyethylene (UHMWPE) Market Size - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2022-2030
According to MRFR’s analysis, it is estimated that global ultra-high -molecular -weight polyethylene market size will be USD 1.90 billion in 2018 and its drivers are various industries such as, medical grade & prosthetics, filtration, batteries, fibers, additives, membranes and others. Medical grade & prosthetics was one of the largest application accounting to 25% in 2015 and is expected to grow at the CAGR of 11.5% which had started from 2016 and is expected to continue till 2022. Demand in fiber application is anticipated to increase at the CAGR of 11.3% till 2022 presently it is growing at this rate since 2016. Regional Analysis: APAC will be the ruling market of global ultra-high-molecular-weight polyethylene Market Size , accounting for good market share, followed by North America and Europe. With rise in development of emerging economies countries like China, India, and Brazil will contribute more amount of share in this market. Europe along with rest of the wor