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Increasing Seaborne Trade Across The Globe To Propel Port Equipment Market

The factors that are expected to fuel the growth of the port equipment market are the increasing seaborne trade across the globe and the growing number of container shipments in Asia Pacific and the Middle East. Various countries have been focusing on developing new ports owing to the increase in vessel count and trade volume. According to the International Chamber of Shipping, 90% of the world’s trade is carried out through seaways as they are ideal for heavy and bulk goods, have large carrying capabilities, and offer competitive freight costs. The global port equipment market size is expected to grow from USD 29.2 billion in 2018 to USD 36.6 million by 2023, at a CAGR of 3.30% during the forecast period. The major driving factors for the port equipment market are the increasing seaborne trade across the globe and the growing number of container shipments in Asia Pacific and the Middle East. Based on equipment type, the straddle carriers segment is estimated to lead the port equipm
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Ultra-High Molecular Weight Polyethylene Market Worth 2.16 Billion USD by 2021 | Top Companies Are Braskem S.A. & Celanese Corporation

The global Ultra High Molecular Weight Polyethylene Market size is projected to reach USD 2.16 billion by 2021, at a CAGR of 9.9% from 2016 to 2021. Growth in this market is mainly attributed to increased expenditure in the healthcare & medical segment and growth in the ballistic protection market in developed regions such as North America and Europe.

Browse 102 market data tables and 83 figures spread through 177 pages and in-depth TOC on "Ultra-High Molecular Weight Polyethylene Market - Global Forecast to 2021"

Growth in the mechanical equipment industry as well as the sports & lifestyle industry throughout the world is providing momentum to the global UHMWPE market. In addition, the fact that there are very few substitutes for UHMW PE has made it indispensable, and it is absolutely essential in the healthcare and defense industries.


This growth is mainly attributed to the increasing demand for UHMW PE from the healthcare & medical industry worldwide due to its properties such as self-lubrication, biocompatibility, and impact resistance.
The defense industry demands flexible and ultra-light weight fibers for armor and ballistic protection which can offer high resistance to flex fatigue, vibration damping, and abrasion resistance in comparison to traditional fibers. This highlights the requirement for materials such as UHMWPE, which, in turn, is expected to drive the ultra high molecular weight polyethylene market.

On the basis of form, the UHMW PE market has been segmented into sheets, rods & tubes, and others which include forms such as powder and films. The sheets segment is the fastest-growing by form in this market. This growth is mainly attributed to the increasing demand from the healthcare & medical end-use industry, due to significant increase in demand for orthopedic implants from developed countries such as the U.S. 

By end-use industry, the ultra high molecular weight polyethylene market has been segmented into aerospace, defense, & shipping, healthcare & medical, mechanical equipment, and others, which include sports & lifestyle and electronics industries. The healthcare & medical segment is the fastest-growing end-use industry segment of this market. This growth is mainly attributed to increasing use of UHMW PE for the manufacture of prosthetic implants. 

By region, the Asia-Pacific UHMW PE market is projected to grow at the highest CAGR from 2016 to 2021. The Asia-Pacific region includes China, Japan, South Korea, India, and the rest of Asia-Pacific. UHMW PE is used to manufacture shipping containers, bullet proof jackets, for the aerospace, defense, & shipping industry, and orthopedic implants and other components of medical devices for the healthcare & medical industry. With increasing demand from these end-use industries, the UHMW PE market is projected to grow at a high rate during the forecast period.

Major ultra high molecular weight polyethylene market players covered in the report are 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).


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