Ultra High Molecular Weight Polyethylene [UHMWPE] Market To Reach USD 4.23 Billion By 2026 | Reports And Data

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NEW YORK, June 12, 2019 (GLOBE NEWSWIRE) -- The Global Ultra high molecular weight polyethylene [UHMWPE] market is forecast to reach USD 4.23 Billion by 2026, according to a new report by Reports and Data.

Presence of certain traits in UHMWPE makes it favorable for application in different industries. Specific characteristics of this type of polyethylene, such as minimal reactivity to chemicals, lightweight, high durability, strength results in making it an integral part of shipping, aerospace, and defense sectors. The previous type of ballistic armor and equipment used in the military used to be heavy and made it difficult to use. However, it is the development of UHMWPE and its tolerance to extreme temperature, resistance to erosion, resistance to impacts, strength, and durability resulted in its significant use in the defense sector.

There has been a drastic increase in the geriatric population that has resulted in an associated rise in demand for joint replacements. In addition to that, rise in incidents of fall and fracture among this section of the population because of the orthopedic issue has also resulted in increased demand for joint replacement treatments that in turn positively impacts the growth rate of the industry. The underlying reason being, this type of polyethylene have features like wear resistance, self-lubrication, self-lubrication, bio-compatible, low coefficient of friction, associated with it. The mentioned traits makes it highly applicable to prosthetic implants, contributing to the growth of the sector.      

In context to region, North America can be seen to be dominating the market. In this region, increased investment in the healthcare sector, technological advancements in the healthcare industry, and rise in demand for prosthetic implant results in its dominance in the industry.   

For the purpose of this report, Reports and Data have segmented the global Ultra high molecular weight polyethylene [UHMWPE] market according to Form, Catalyst type, Application area, End-users, and Region:                     

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power, and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.

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Globe Newswire: 17:43 GMT Wednesday 12th June 2019

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