Ultra-High Molecular Weight Polyethylene Market worth $2.2 billion by 2025

The ultra-high molecular weight polyethylene (UHMW PE) market is estimated at USD 1.4 billion in 2020 and is projected to reach USD 2.2 billion by 2025, at a CAGR of 9.4% from 2020 to 2025. The growth of this market can be attributed to the increasing demand for UHMW PE from the aerospace & defense industry and increased demand for orthopedic implants. In addition Increasing R&D and mass production of ballistic fibers and compliance with various legal and administrative bodies is expected to create opprtuities in the market which is expected to drive the market during the forecast period. Furthermore, outbreak of COVID-19 pandemic is anticipated to hamper the consumption of UHMW PE which affects the market growth.

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Sheet segment is estimated to lead the UHMW PE market, during the foreast period

By form, the sheets segment is estimated to account for a major share of the UHMW PE market in 2019. This large share is mainly attributed to the extensive use of sheets in the aerospace, defense, & shipping industries for the manufacture of aircraft interiors & mechanical equipment industries for the manufacture of conveyer belts. Rods & tubes are the second most used form of UHMW PE used majorly in the mechanical equipment industry.

Healthcare & Medical is projected to grow at the highest CAGR of the UHMW PE market

Based on end-use industry, the healthcare & medical segment is expected to grow at the highest CAGR in 2019. In the healthcare & medical industry, there is a high demand for UHMW PE for the manufacture of orthopedic implants and parts for medical devices due to properties such as high strength to weight ratio, self-lubrication, and impact resistance. The growing demand for orthopedic implants from developed countries is expected to fuel the growth of the UHMW PE market globally.

Asia Pacific is expected to witness the fastest growth in the UHMW PE market during the forecast period

The UHMW PE market in the Asia Pacific region is projected to grow at the highest CAGR between 2020 and 2025. China, India, and Japan together accounted for the major share of the Asia Pacific UHMW PE market in 2019. The Asia Pacific region is an emerging and lucrative market for UHMW PE, owing to industrial development and improving economic conditions. In addition, the growth of the medical industry in Asia Pacific is one of the reason leading to an increase in the demand for UHMW PE. UHMW PE is also being used in mechanical equipment. The presence of a number of mechanical component manufacturing plants in China and rapid industrialization in Asia Pacific are expected to drive the UHMW PE market in the coming years.

Major companies such as Celanese Corporation (US), Koninklijke DSM N.V. (Netherlands), LyondellBasell Industries N.V. (Netherlands), Braskem S.A (Brazil), Asahi Kasei Corporation, (Japan) Du Pont De Nemours Inc. (US), Saudi Arabia Basic Industries Corporation (Saudi Arabia), Mitsui Chemicals, Inc. (Japan), Honeywell International, Inc. (US), and Teijin Limited (Japan) and others are key players in the UHMW PE market.

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Asia Pacific is expected to witness the fastest growth in the UHMW PE market

The ultra-high molecular weight polyethylene (UHMW PE) market is estimated at USD 1.4 billion in 2020 and is projected to reach USD 2.2 billion by 2025, at a CAGR of 9.4% from 2020 to 2025. Ultra-High Molecular Weight Polyethylene (UHMW PE) is a simple linear background polyethylene possessing unique properties. Due to its ultra-high molecular density, it provides high abrasion resistance and impact strength in comparison to other engineering polymers. Apart from this, the material can also be optimized for more application specific requirements such as noise resistance, low coefficient of friction, excellent chemical resistance, self-lubrication, bio-compatibility, wear resistance, and electric insulation resistance.

To know about the assumptions considered for the study download the pdf brochure

The UHMW PE market in the Asia Pacific region is projected to grow at the highest CAGR between 2020 and 2025. China, India, and Japan together accounted for the major share of the Asia Pacific UHMW PE market in 2019. The Asia Pacific region is an emerging and lucrative market for UHMW PE, owing to industrial development and improving economic conditions. In addition, the growth of the medical industry in Asia Pacific is one of the reason leading to an increase in the demand for UHMW PE. UHMW PE is also being used in mechanical equipment. The presence of a number of mechanical component manufacturing plants in China and rapid industrialization in Asia Pacific are expected to drive the UHMW PE market in the coming years.

Based on end-use industry, the healthcare & medical segment is expected to grow Increasing demand for UHMW PE by the healthcare & medical industry is expected to drive the market across regions. In the healthcare & medical industry, there is a high demand for UHMW PE for the manufacture of orthopedic implants and parts for medical devices due to properties such as high strength to weight ratio, self-lubrication, and impact resistance. The growing demand for orthopedic implants from developed countries is expected to fuel the growth of the UHMW PE market globally.

The decline in the age group of people undergoing knee and hip surgeries, the demand for UHMW PE has increased in the healthcare & medical industry. UHMW PE possesses the basic requirements for any medical implant material, which includes biological stability, biocompatibility, toughness, high creep resistance, low friction, and low wear.

Major companies such as Celanese Corporation (US), Koninklijke DSM N.V. (Netherlands), LyondellBasell Industries N.V. (Netherlands), Braskem S.A (Brazil), Asahi Kasei Corporation, (Japan) Du Pont De Nemours Inc. (US), Saudi Arabia Basic Industries Corporation (Saudi Arabia), Mitsui Chemicals, Inc. (Japan), Honeywell International, Inc. (US), and Teijin Limited (Japan) and others are key players in the UHMW PE market. These players have been focusing on developmental strategies, such as expansions, acquisitions, partnerships, joint veture, and new product developments, which have helped them expand their businesses in untapped and potential markets.

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Check Out Why Ultra-High Molecular Weight Polyethylene Market Is Trending Nowadays ? (Worth $2.2 Billion By 2025)

In 2020, the ultra-high molecular weight polyethylene (UHMW PE) market is estimated at USD 1.4 billion and is projected to reach USD 2.2 billion by 2025, at a CAGR of 9.4%. The major drivers for the market include increased demand for UHMW PE from the aerospace & defense industry and increased demand for orthopedic implants. However, the availability of substitute act as a challenge for the manufacturers and can hamper the market growth. Currently, there is a demand for flexible and ultra-lightweight fibers for armor and ballistic protection, which can offer high resistance to flex fatigue, vibration damping, and abrasion resistance in comparison to traditional fibers.

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Recent Developments
In July 2019, DSM acquired majority shares of ICD, a UHMW PE fiber manufacturer in China. The acquisition of the majority share in ICD will bring complementary manufacturing and technology assets to DSM and will strengthen the company’s presence in this UHMW PE market.
In July 2019, DSM introduced Dyneema Purity Black fiber, the first black medical-grade UHMW PE fiber. The fiber builds are expected to be 15 times stronger than steel, has a small profile, high pliability, and biocompatibility
In August 2018, Mitsui Chemicals, Inc expanded production facilities to manufacture HI-ZEX ultra-high molecular weight polyethylene in response to the growing demand for automotive and industrial batteries. This expansion helped the company’s production capacity for HI-ZEX MILLION by about 15% to 8,500 tons per year.

Asia Pacific is expected to be the fastest-growing market, owing to the continuous investments for the advancement in the medical sector. UHMW PE is majorly being used in orthopedic plants because of its properties. The growth of the medical industry in Asia Pacific is one of the reasons leading to an increase in the demand for UHMW PE. UHMW PE is also being used in mechanical equipment. The outbreak of COVID-19 has affected countries such as China, Japan, and India. China is the epicenter of this lethal disease. Companies are facing short-term operational issues due to supply chain constraints and lack of site access due to this outbreak.

• Leading Key Players –

Major companies such as Celanese Corporation (US), Koninklijke DSM N.V. (Netherlands), LyondellBasell Industries N.V. (Netherlands), Braskem S.A (Brazil), Asahi Kasei Corporation, (Japan) Du Pont De Nemours Inc. (US), Saudi Arabia Basic Industries Corporation (Saudi Arabia), Mitsui Chemicals, Inc. (Japan), Honeywell International, Inc. (US), and Teijin Limited (Japan) and others are key players in the UHMW PE market.

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UHMW PE’s application in the healthcare & medical, and other end-use industry drives the growth of UHMW PE market

The major end-use industries of the Ultra-High Molecular Weight Polyethylene market are aerospace, defense, & shipping, healthcare & medical, mechanical equipment and others, which include sports & lifestyle and electronics industries. Ultra-High Molecular Weight Polyethylene (UHMW PE) is a simple linear background polyethylene possessing unique properties such as noise resistance, low coefficient of friction, excellent chemical resistance, self-lubrication, bio-compatible, wear resistance, and electric insulation resistance.

Increasing demand of UHMWPE by the healthcare & medical industry is expected to drive the market across regions. North America is estimated to lead the global UHMW PE market in 2016. The Asia-Pacific UHMWPE market is projected to grow at the highest CAGR from 2016 to 2026, owing to the increasing demand for medical devices from countries, such as China, Japan, and India.

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Healthcare & Medical
The healthcare & medical segment is projected to contribute the largest share in the consumption of UHMWPE worldwide, during the forecast period. Due to properties such as, low absorption and self-lubrication, fatigue resistance, yield strength, and high elastic modulus, manufacturers prefer UHMWPE over other polymers. UHMWPE has excellent chemical resistance, excellent dielectric & electrical insulating properties, and superior sound dampening characteristics, owing to which it is increasingly used in orthopedic industry.

Aerospace, Defense, and Shipping

UHMWPE is widely used in various applications in the aerospace, defense, and shipping industries. Features such as light weight, thermal insulation, noise reduction, resistance to fatigue, resistance to wear, fuel resistance, de-icing, fluid resistance, electrostatic dissipation, low friction, and chemical resistance makes UHMWPE ideal for use in these industries. In aerospace, it is used in interior design (tray tables, windows, canopies, arm rests, valve seats), exterior structures, propulsion equipment, and so on. It is also used as a base material to shield cosmic radiation in the aerospace application.

Mechanical Equipment

UHMWPE is widely used for machining processes in various industries such as textiles, paper & pulp, foods & beverages, iron & steel, bottling, power, railcars, cement, chemical, minerals & metals, farm machinery, unit material handling, parcel handling, conveyor equipment, distribution centers, and so on. UHMWPE helps to enhance surface lubricity which leads to the free movement of machine components and reduces jamming from dirt, grit, or static build-up.

The most common applications of UHMWPE in mechanical equipment include belt skirting, chute liners, hopper liners, transfer plates, under belt wear strips, guide rollers, diverter bars, dead plates, hitch plates, belt scarpers, bunker liners, cyclones, dragline buckets, pug mill paddles, vibratory feeder liners, vibrator bin discharges, surge bin liners, silo liners, screw conveyor liners, off road truck beds, dust collection hopper liners, and conveying components such as bearings, belt guides, chain guides, curves, guide rails, and wear strips.

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) are some of the key players in the global UHMW PE market.

New Product Launches, Expansions and Partnerships, and Agreements & Collaborations in the Ultra-High Molecular Weight Polyethylene Market

Ultra-High Molecular Weight Polyethylene (UHMW PE) is a simple linear background polyethylene possessing unique properties. Due to its ultra-high molecular density, it provides high abrasion resistance and impact strength in comparison to other engineering polymers. Apart from this, the material can also be optimized for more application-specific requirements such as noise resistance, low coefficient of friction, excellent chemical resistance, self-lubrication, bio-compatibility, wear resistance, and electric insulation resistance.

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Major companies operating in the UHMW PE market are Celanese Corporation (U.S.), LyondellBasell Industries N.V. (Netherlands), Koninklijke DSM N.V. (Netherlands), Braskem S.A. (Brazil), 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).

Some of the growth strategies adopted by the key companies include new product launches, expansions and partnerships, and agreements & collaborations. These companies also invest in R&D activities to enhance their product portfolios and strengthen their positions in the UHMW PE market.

Celanese Corporation is one of the major manufacturers of UHMW PE and has a strong presence across the globe. In January 2016, the company expanded the production capacity of its GUR UHMW-PE facility at Bishop’s City, Texas, which has increased the total capacity to 30 KT per year. This expansion has helped the company launch new grades of GUR UHMW-PE for pharmaceutical applications such as filtering, purification of liquid drug formulations, and mechanically operated devices used in drug contact and delivery.

Koninklijke DSM N.V. is an important market player in the European region. The company has a wide portfolio of UHMW PE products which are used in a variety of applications. In February 2016, the company 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. Earlier, in September 2014, the company launched the Dyneema Purity Radiopaque Fiber, designed to aid medical applications such as orthopedic trauma.

LyondellBasell Industries N.V. is another major player operating in the UHMW PE market. The company has a strong presence in the North American and European regions and offers UHMW PE under its brand, Lupolen.

Related Reports:

Ultra-High Molecular Weight Polyethylene Market (UHMWPE) by Form (Sheets, Rods & Tubes), End-Use Industry (Aerospace, Defense, & Shipping, Healthcare & Medical, Mechanical Equipment), Region - Global Forecast to 2021