Global Ultrahigh Molecular Weight Polyethylene Market Report Description:
Global ultrahigh molecular weight polyethylene market report gives comprehensive outlook on ultrahigh molecular weight polyethylene market across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa. The report on global ultrahigh molecular weight polyethylene market gives historical, current, and future market sizes (US$ Mn) on the basis of form, application type, end user type and regions. This report studies global ultrahigh molecular weight polyethylene market dynamics elaborately to identify the current market trends and drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global ultrahigh molecular weight polyethylene market report includes competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global ultrahigh molecular weight polyethylene market to better equip clients with possible investment opportunities across the regions and market unmet needs (Product Opportunities). Key stakeholders of the global ultrahigh molecular weight polyethylene market report include suppliers, manufacturers, marketers, policy makers, and agronomists engaged in global ultrahigh molecular weight polyethylene market activities.
Global Ultrahigh Molecular Weight Polyethylene Market:
The global ultrahigh molecular weight polyethylene market estimated to be valued US$ XX Mn in 2018 and poised to grow at significant CAGR over 2019-2025. Market for global ultrahigh molecular weight polyethylene projected to reach US$ XX Mn by 2025 due to increased application in medical industry.
Development and Launch of New Ultrahigh Molecular Weight Polyethylene
Development and launch of innovative ultrahigh molecular weight polyethylene by the market players enables surge in the ultrahigh molecular weight polyethylene market demand over the forecast years. For instance. In 2018, Celanese Corporation Group launched the new ultrahigh molecular weight polyethylene which has a wide range of application. Moreover, Launch of newer products in various countries enables the growth of ultrahigh molecular weight polyethylene market over the forecast years.
Sheets Segment Expected to Dominate the Market
Based on form type, the market is segmented into sheets, rods and tubes. Sheets segment is estimated to account for the largest share of the ultrahigh molecular weight polyethylene market attributing to the extensive use of UHMW PE sheets in the mechanical equipment industry. The segment is also anticipated to grow at a higher CAGR between 2019 and 2025, owing to the increasing demand from the healthcare & medical end-use industry.
North America, Accounts for Major Revenue Share for Global Ultrahigh Molecular Weight Polyethylene Market
According to regional analysis, North America accounted for major revenue share. 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.
Key players profiled in the global ultrahigh molecular weight polyethylene market include:
- 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)
Global ultrahigh molecular weight polyethylene market is consolidating as large players complementing each other’s businesses by means of collaborations and acquisitions and launching of new products. For instance, in February 2016, Koninklijke DSM entered into an agreement with Toyobo Co. Ltd. (Japan) to expand its UHMW PE fiber manufacturing facility in Japan. The agreement involves investment refurbishment and up gradation of their shared manufacturing facility located in Tsuruga City. After this agreement comes into effect, Toyobo will use its own trademark to sell Dyneema.
Key Findings of the Report:
Global ultrahigh molecular weight polyethylene market expanding at significant CAGR over 2019 to 2025 to reach market value of US$ XX Mn by 2025 owing to increase launch of newer products.
- Based on form type, sheets segment accounted for larger market revenue share in 2018 and projected gain market revenue share over the forecast period
- Players focusing on mergers and acquisitions strategies to retain market position in global ultrahigh molecular weight polyethylene market
Key Features of the Report:
- The report provides plethora of information about market entry strategies, regulatory framework
By Type of Form
By End Users
- Defense & Shipping
- Healthcare & Medical
- Mechanical Equipment
- Medical Grade & Prosthetics
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East And Africa
- South Africa
- Gulf Cooperation Council Countries(GCC)
- Rest of MEA