The UHMW PE market is projected to reach USD 2.16 billion by 2021, at a CAGR of 9.9% from 2016 to 2021. The global UHMW PE industry is quite new and competitive but fragmented. The global demand for UHMW PE is growing as it provides effortless material handling due to its light weight, strength, and the fact that it is an adaptable multi-purpose material. Plastic is an inseparable part of all industries and any positive move or development in industrial activities drives the market for UHMW PE.

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Healthcare & medical end-use industry segment expected to lead the UHMW PE market by 2021

By end-use industry, the healthcare & medical segment is estimated to account for a major share of the UHMW PE market in 2016. In the healthcare & medical industry, there is a high demand for UHMW PE for the manufacture of orthopedic implants and parts for medical devices due to properties such as high strength to weight ratio, self-lubrication, and impact resistance. The growing demand for orthopedic implants from developed countries is expected to fuel the growth of the UHMW PE market globally.

North America is estimated to account for the largest share of the global UHMW PE market in 2016, and the U.S. is estimated to account for the largest market share in 2016. The growing aerospace, defense & shipping, and healthcare & medical industry in the North American region is driving the demand for UHMW PE.

Braskem S.A. (Brazil), Celanese Corporation (U.S.), LyondellBasell Industries N.V. (Netherlands), Koninklijke DSM N.V. (Netherlands), Asahi Kasei Corporation (Japan), Mitsui Chemicals, Inc. (Japan), Quadrant Engineering Plastic Products AG (Switzerland), E. I. Du Pont De Nemours and Company (U.S.), Honeywell International, Inc. (U.S.), Toyobo Co., Limited (Japan), and Rochling Engineering Plastics SE & Co. KG (Germany) are some of the key players in the global UHMW PE market.