Europe Ultra-high Molecular Weight Polyethylene Market Size & Outlook
Europe ultra-high molecular weight polyethylene market, 2018-2030 (US$M)
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Europe ultra-high molecular weight polyethylene market highlights
- The Europe ultra-high molecular weight polyethylene market generated a revenue of USD 475.0 million in 2022.
- The market is expected to grow at a CAGR of 10.1% from 2023 to 2030.
- In terms of segment, medical application & prosthetics was the largest revenue generating product in 2022.
- Medical Application & Prosthetics is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Germany is expected to register the highest CAGR from 2023 to 2030.
Europe data book summary
| Market revenue in 2022 | USD 475.0 million |
| Market revenue in 2030 | USD 1,027.1 million |
| Growth rate | 10.1% (CAGR from 2022 to 2030) |
| Largest segment | Medical application & prosthetics |
| Fastest growing segment | Medical Application & Prosthetics |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Medical Application & Prosthetics, Fibers, Sheets, Rods, Other Products |
| Key market players worldwide | Celanese Corp Class A, LyondellBasell Industries NV Class A, Koninklijke DSM NV, China Petroleum & Chemical Corp Class H, Mitsubishi Corp, Lee's Pharmaceutical Holdings Ltd, Crown Holdings Inc, Braskem SA ADR, Asahi Kasei Corp, Honeywell International Inc, Mitsui Chemicals Inc, Trinseo PLC |
Other key industry trends
- In terms of revenue, Europe region accounted for 26.9% of the global ultra-high molecular weight polyethylene market in 2022.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 921.4 million by 2030.
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Ultra-high Molecular Weight Polyethylene Market Scope
Ultra-high Molecular Weight Polyethylene Market Companies
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Europe ultra-high molecular weight polyethylene market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to ultra-high molecular weight polyethylene market will help companies and investors design strategic landscapes.
Medical application & prosthetics was the largest segment with a revenue share of 34.25% in 2022. Horizon Databook has segmented the Europe ultra-high molecular weight polyethylene market based on medical application & prosthetics, fibers, sheets, rods, other products covering the revenue growth of each sub-segment from 2018 to 2030.
Increase in demand for UHMWPE in defense is expected to benefit the market. UHMWPE has witnessed increasing acceptance in defense applications in the recent years owing to several favorable properties such as resistance to moisture, dirt, chemicals, and corrosion. UHMWPE fibers are highly used in manufacturing bullet proof jackets.
Governments all over the globe have taken several initiatives to provide better protective equipment for their military and law enforcement services and have in turn encouraged UHMWPE applications for the same. Fibers applications are expected to witness fastest growth over the period. Presence of major German automotive manufacturing companies is expected to add benefit for the overall market growth.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe ultra-high molecular weight polyethylene market , including forecasts for subscribers. This continent databook contains high-level insights into Europe ultra-high molecular weight polyethylene market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe ultra-high molecular weight polyethylene market size, by country, 2018-2030 (US$M)
Europe Ultra-high Molecular Weight Polyethylene Market Outlook Share, 2022 & 2030 (US$M)
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