Global Ultra-High Molecular Weight Polyethylene Market is valued approximately at USD 1.3 billion in 2019 and is anticipated to grow with a CAGR of more than 9.4% over the forecast period 2020-2027. Ultra-High Molecular Weight Polyethylene (UHMWPE) has the highest molecular density and is a subset of the thermoplastic polyethylene. It has unique mechanical properties such as high impact strength, high abrasion resistance, lightweight, self-lubricating, sound dampening properties, chemical resistance and low coefficient of friction. The rising demand for UHMW PE from the aerospace & defense industry and medical sector for orthopedic implants are the few factors responsible for growth of the market over the forecast period. UHMWPE is used in orthopaedic implants particularly for hip or knee replacements. However, the wear of UHMWPE in contact with harder components made of metals or ceramics was a major problem in orthopedics. Furthermore, increase in the number of joint replacement surgeries for knees and hips along with rising geriatric population will drive the demand for Ultra-High Molecular Weight Polyethylene in making of prosthetics. For instance: as per Statista, the American geriatric population (65 years old or more) was 16% in 2018 and is anticipated to rise by 22% of American geriatric population in 2050. Moreover, the introduction of products and services along with other strategic alliance will create a lucrative demand for the market. On 07th March 2017, DSM Biomedical launched Dyneema® Purity Black fiber, the first and only black1 ultra-high molecular weight polyethylene (UHMWPE) medical fiber that is 15 times stronger than steel, small profile, high pliability and proven biocompatibility. Also in April 2018, Celanese Corporation introduced a new GUR® ultra-high molecular weight polyethylene (UHMW-PE) production line at its Nanjing, China to strengthen the significant growth in its engineered materials business, specifically the electric vehicle market. However, volatile prices of raw materials is the major factor restraining the growth of global Ultra-High Molecular Weight Polyethylene market during the forecast period.
The regional analysis of global Ultra-High Molecular Weight Polyethylene market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia Pacific is the leading/significant region across the world in terms of market share owing to the the fast adoption of new technology and continuous investments for the advancement in the medical sector.
Major market player included in this report are:
Lyondellbasell Industries N.V.
Koninklijke DSM N.V.
Asahi Kasei Corporation
Mitsui Chemicals, Inc.
Saudi Basic Industries Corporation
E. I. Du Pont De Nemours and Company
Honeywell International Inc.
Toyobo Co., Limited
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Rods & Tubes
by End-Use Industry:
Aerospace, Defense & Shipping
Healthcare & Medical
Food & Beverages
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027
Target Audience of the Global Ultra-High Molecular Weight Polyethylene Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers