Ultra High Molecular Weight Polyethylene (UHMWPE) Market: Globall Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2015-2020 and Forecast 2021-2027

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Ultra High Molecular Weight Polyethylene (UHMWPE) Market: By Form (Sheets, Rods & Tubes), By End-Use Industry (Aerospace, Defense, & Shipping, Healthcare & Medical, Mechanical Equipment), By Application (Medical Grade & Prosthetics, Filtration, Batteries, Fibers, Additives, Membranes), and Geography

 

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Report

Description

Ultra high molecular weight polyethylene (UHMWPE) market was valued at USD 1.8 Bn in 2020 and expected to grow at 9.2% CAGR to reach USD 2.9 Bn by 2027. Ultra high molecular weight polyethylene market (UHMWPE) is an odorless, tasteless, and nontoxic polyethylene. It has all the characteristics of high-density polyethylene (HDPE), but with the added advantage of being resistant to acids, alkalis, and another organic solvent. UHMWPE is available in many shapes and form as per its use in various applications. The major segment contributing to the global UHMWPE market is the medical segment which accounts for almost 30% of the market share in 2016. The usage of UHMWPE is increasing more due to its suitable characteristics as an implant for orthopedic surgeries, which is increasing the demand of UHMWPE in the market. Increasing demand from the medical implant industry and increasing use of UHMWPE-based protection gear also high demand from North America will boost the growth of the ultrahigh molecular weight polythene (UHMWPE). However volatile prices of raw material will hinder the growth of the ultrahigh molecular weight polyethylene market. The sheets segment is expected to account for the greatest share of the UHMW PE market in 2019 based on form. This substantial percentage can be attributable to the mechanical equipment industry’s extensive use of UHMW PE sheets. Due to rising demand from the healthcare and medical end-use industries, the segment is expected to rise at a faster CAGR from 2020 to 2025. Sheets are also in considerable demand in food processing plants, where vast numbers of containers like cans and bottles must be directed down conveyors or production lines. Because of their minimal moisture absorption, these sheets are used in maritime applications.

Ultra High Molecular Weight Polyethylene (UHMWPE) Market

MARKET SUMMARY
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9.2% CAGR
  • Study Period– 2021-2027
  • Base Year– 2020
  • CAGR– 9.2%
  • Largest Market– North America
  • Fastest Growing Market– Asia Pacific

UHMWPE Market

  • The report on global Ultra High Molecular Weight Polyethylene (UHMWPE) Market gives historical, current, and future market sizes (US$ Bn) on the basis of form, application, end user and geography.
  • Ultra High Molecular Weight Polyethylene (UHMWPE) Market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
Key Players
  • Braskem S.A. (Brazil)
  • Celanese Corporation (U.S.)
  • LyondellBasell Industries N.V. (Netherlands)
  • Koninklijke DSM N.V. (Netherlands)
  • Asahi Kasei Corporation (Japan)
Dynamics

Ultra High Molecular Weight Polyethylene (UHMWPE) Market

Increasing demand from the medical implant industry and increasing use of UHMWPE-based protection gear also high demand from North America will boost the growth of the ultrahigh molecular weight polythene (UHMWPE). However volatile prices of raw material will hinder the growth of the ultrahigh molecular weight polyethylene market.


North-America got significant share

Ultra High Molecular Weight Polyethylene (UHMWPE) Market

Geographically, Ultra high molecular weight polyethylene (UHMWPE) market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America UHMWPE market dominated the global industry in the recent past and is expected to grow at a CAGR of over XX% over the next few years. Growing geriatric population coupled with increase in joint replacement cases has also played a vital role in driving the U.S. There are large number of automotive manufacturing facilities across the U.S. and Canada resulting in an increase in demand for battery separators and is expected to have positive impact on the overall market. Ongoing investments in battery manufacturing facilities in North America and Asia Pacific is expected to steer UHMWPE demand over the long term. Most countries in the European Union have reported an increase in hip and knee replacement surgeries, which in turn is expected to assist the UHMWPE market over the next seven years. Overall, medical grade & prosthetics market is estimated to witness highest growth over the forecast period followed by batteries market.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Key Features of the Report

  • The report provides granular level information about the market size, country market share, historic market (2015-2020) and forecast (2021-2027)
  • The report covers in-detail insights about the competitor’s overview, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market

Ultra High Molecular Weight Polyethylene (UHMWPE) Market Segmentation


Location

GEOGRAPHY


Report

Table Of Content


Report

Company Profile

  • 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)
  • I. Du Pont De Nemours and Company (U.S.)
  • Honeywell International, Inc. (U.S.)
  • Toyobo Co., Limited (Japan)
  • Rochling Engineering Plastics SE & Co. KG (Germany)

Description

Ultra high molecular weight polyethylene (UHMWPE) market was valued at USD 1.8 Bn in 2020 and expected to grow at 9.2% CAGR to reach USD 2.9 Bn by 2027. Ultra high molecular weight polyethylene market (UHMWPE) is an odorless, tasteless, and nontoxic polyethylene. It has all the characteristics of high-density polyethylene (HDPE), but with the added advantage of being resistant to acids, alkalis, and another organic solvent. UHMWPE is available in many shapes and form as per its use in various applications. The major segment contributing to the global UHMWPE market is the medical segment which accounts for almost 30% of the market share in 2016. The usage of UHMWPE is increasing more due to its suitable characteristics as an implant for orthopedic surgeries, which is increasing the demand of UHMWPE in the market. Increasing demand from the medical implant industry and increasing use of UHMWPE-based protection gear also high demand from North America will boost the growth of the ultrahigh molecular weight polythene (UHMWPE). However volatile prices of raw material will hinder the growth of the ultrahigh molecular weight polyethylene market. The sheets segment is expected to account for the greatest share of the UHMW PE market in 2019 based on form. This substantial percentage can be attributable to the mechanical equipment industry’s extensive use of UHMW PE sheets. Due to rising demand from the healthcare and medical end-use industries, the segment is expected to rise at a faster CAGR from 2020 to 2025. Sheets are also in considerable demand in food processing plants, where vast numbers of containers like cans and bottles must be directed down conveyors or production lines. Because of their minimal moisture absorption, these sheets are used in maritime applications.

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