Medical polyethylene market to reach $8.921 billion by 2030

Acumen Research and Consulting recently released the report titled “Medical Polyethylene Market – Global Industry Analysis, Market Size, Opportunities and Forecast 2022 – 2030”

TOKYO, June 13, 2022 (GLOBE NEWSWIRE) — Global Medical Polyethylene Market Accounted for $5.246 billion in 2021, it is expected to reach $8.921 billion by 2030, growing at a CAGR of 6.1% during the forecast period from 2022 to 2030.

According to the researchers, global polyethylene (PE) manufacturing capacity is expected to increase substantially in the coming years, reaching 156 million tonnes. In addition, global polyethylene capacity is expected to increase significantly, led by Asia Pacific and North America. However, PE will remain the most commonly used thermoplastic polymer globally due to its versatility, low cost, ease of processing and recyclability. These factors will increase the adoption of PE in the healthcare sector, which will be driven by increased consumption and manufacturing activities in the healthcare sector. Additionally, compared to other materials in the medical industry, PE may be a more convenient solution for patients and healthcare professionals, while still offering the durability required in higher situations. Recently, the application of PE in the healthcare industry has become an important factor in creativity and development. Additionally, PE in medical applications offers medical professionals and innovative drug designers a number of competitive advantages.

Request a sample of this premium research report@ https://www.acumenresearchandconsulting.com/request-sample/2920

Global Medical Polyethylene Market Growth Aspects

The increasing use of PP in the production of medical diagnostic equipment, pans, containers, implantable assays, trays, syringes, and other medical devices is expected to drive market growth. Polypropylene is expected to witness significant growth in medical component applications due to its light weight, high chemical and bacterial resistance, and low production costs. Additionally, medical disposables are becoming more popular as the demand for home healthcare grows. This factor is accelerating the growth of the medical polyethylene market. Disposable medical supplies include syringes, surgical gloves, catheters and health care fabrics. These disposables are simple and convenient to use. The medical polyethylene industry has a large market owing to the increasing demand for home remedies.

the story continues

Polyethylene will also have a cost advantage over other plastic resins due to growing ethylene biomass resources from alternative sources such as coal, shale gas and bio-based materials. Furthermore, continuous technological innovations in improved polymerization catalysts will enhance the performance, customization, and yield of polyethylene resins, propelling the market forward. In addition to this, polyethylene’s very competitive and mature position will limit future growth. In addition, major polyethylene applications, such as rope, are increasingly subject to environmental constraints.

Report Scope:

Regional overview

North America, Europe, Asia Pacific, Latin America, Middle East and Africa are the regional classifications of the global medical polyethylene market. North America is expected to hold a sizable market share throughout the forecast period owing to rising awareness of personal healthcare in the region and healthcare spending per person. Growing R&D investments, presence of key players, and huge demand from healthcare industries such as medical devices and equipment are expected to support the North American medical polyethylene market. Rising product demand in generic pharmaceutical packaging applications coupled with massive expansion of the pharmaceutical industry in Mexico and Canada is expected to further drive the market.

In addition to this, the European medical polyethylene market is expected to grow rapidly in the coming years. The demand for medical polyethylene is expected to increase owing to growing demand in applications such as disposables, diagnostic components, implants, surgical instruments, and orthopedics. Growing demand for medical facilities and services coupled with increasing government aid to the European healthcare industry is expected to drive industry growth. Furthermore, the growing demand for cost-effective, lightweight and cost-effective composite materials for the production of clinical applications is expected to augment the regional market growth over the forecast period.

For personalized service, please share your research needs here @ https://www.acumenresearchandconsulting.com/request-customization/2920

market segmentation

Acumen Research and Consultancy has segmented the global medical polyethylene market on the basis of Type and Application. On the basis of type, the market is segmented into High Density Polyethylene (HDPE) and High Density Polyethylene (LDPE).On the basis of application, the market is segmented into medical tubes, medical bags, disposables, containers, medical implants, and drug testing equipment

Buy this premium research report – https://www.acumenresearchandconsulting.com/buy-now/0/2920

Browse Chemicals and Materials Industry Reports:

Global Film Adhesives Market The market is expected to reach around $27 billion by 2027

This Global Water Treatment Chemicals Market It is expected to grow at a CAGR of around 6.3% during the forecast period from 2020 to 2027, reaching around USD 75.4 billion by 2027.

main player

Major global players in the medical polyethylene industry include Borealis, LyondellBasell Industries, SABIC, DuPont Denemore, INEOS, Dow Chemical, Orthoplastics Ltd., Sinopec, PetroChina, Eastman Chemical Company, Mitsui Chemicals Corporation, and Celanese Corporation.

In March 2021, Celanese plans to increase its GUR UHMWPE production capacity in Europe. With this expansion, Celanese will be able to support the double-digit growth of lithium battery separators in the electric vehicle market. The facility will also be able to produce medical grade GUR.

In December 2020, SABIC developed and released two special grades of polymers for medical and personal care applications. The company’s innovative polyethylene glycol SAPeg 400/600 PH is an intermediate for the manufacture of liquid pharmaceutical formulations such as syrups and personal care products such as cosmetics, creams, toothpastes and soaps.

About Keen:

Acumen Research and Consulting is a global provider of market intelligence and consulting services to the information technology, investment, telecommunications, manufacturing and consumer technology markets. ARC helps the investment community, IT professionals and business executives make fact-based decisions about technology acquisitions and develop corporate growth strategies to maintain competition in the marketplace. With a team size of more than 100 analysts and over 200 years of collective industry experience, Acumen Research and Consulting ensures a combination of industry knowledge and global and country-level expertise.

For the latest updates, follow us:

https://twitter.com/AcumenRC

https://www.facebook.com/acumenresearchandconsulting

https://www.linkedin.com/company/acumen-research-and-consulting

contact us:

Mr Richard Johnson

Keen Research and Consulting

USA: +14079154157

India: +918983225533

e-mail: [email protected]