Ultra High Molecular Weight Polyethylene Market - Forecast(2022 - 2027)

Report Code: CMR 49805 Report Format: PDF + Excel

Ultra-high Molecular Weight Polyethylene Market Overview

Ultra-high Molecular Weight Polyethylene Market size is forecast to reach $2.3 billion by 2026, after growing at a CAGR of 4.5% during the forecast period 2021-2026. Globally, the increasing usage of ultra-high molecular weight polyethylene in applications such as pipe extrusion and chemical containers is also expanding the growth of the market. Furthermore, rising demand for ultra-high molecular weight polyethylene from aerospace & defence and automotive applications due to its superior physical qualities, such as resistance to chemicals, moisture, corrosion, and dirt, as compared to other polymers, is expected to boost the market significantly over the forecast period. Since, ultra-high molecular weight polyethylene features low friction coefficient, excellent impact strength, enormous energy absorption capacity, and a wide service temperature range, it is increasingly used in various end use industries such as healthcare, food & beverage, and automotive.

Impact of Covid-19

The COVID-19 pandemic has lead to a significant impact on the ultra-high molecular weight polyethylene industry, as government-imposed lockdowns forced the closure of manufacturing facilities and disrupted the product's supply chain in the year 2020. The production units of businesses in the electronics and mechanical industries were impeded by a scarcity of raw materials and labor. Furthermore, due to the epidemic, lockdown in major regions such as North America, APAC, and Europe resulted in a drop in product demand from the aerospace and automotive industries. As a result of the epidemic, several medical surgeries for joint replacement were postponed. This resulted in a decrease in the use of ultra-high molecular weight polyethylene for medical applications.

Ultra-high Molecular Weight Polyethylene Market Report Coverage

The: “Ultra-high Molecular Weight Polyethylene Market Report – Forecast (2021-2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the ultra-high molecular weight polyethylene market.
By Grade: Anti-static, Standard, and Others.
By Form: Rods & Tubes, Sheets, Films, Fibers, Tapes, and Others.
By Application: Healthcare, Textile, Aerospace & Defence, Automotive, Sport & Leisure, Chemical & Petrochemical, Food & Beverage, Marine, and Others
By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, and Rest of Europe), APAC (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia, and Rest of Asia Pacific), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), and RoW (Middle East and Africa).

Key Takeaways

  • Asia-Pacific region dominates the ultra-high molecular weight polyethylene market owing to the rising production of automotives in emerging economies such as China, India, Japan, and Malaysia.
  • Growing popularity of ultra-high molecular weight polyethylene due to its wear-resistance, high biocompatibility, and ductility in the healthcare industry is driving the market growth.
  • The increasing adoption of lightweight, noise-reducing, and impact-absorbing materials produced by the ultra-high molecular weight polyethylene in the automotive industry is further accelerating the growth of the market.

Figure: Asia Pacific Ultra-high Molecular Weight Polyethylene Market Revenue, 2020-2026 (US$ Billion)

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Ultra-high Molecular Weight Polyethylene Market Segment Analysis- By Form

Sheet form held the largest share in the ultra-high molecular weight polyethylene market in 2020. Bacterial growth, moisture, high-impact, and odours are all immune to ultra-high molecular weight polyethylene (UHMWPE) Sheets. Ultra-high molecular weight polyethylene sheets are increasingly used in a wide range of applications such as cooking, boating, and medicine. Furthermore, ultra-high molecular weight polyethylene is a solid and durable engineering plastic that can outlast other engineering plastics. As compares to high density polyethylene (HDPE), both HDPE and ultra-high molecular weight polyethylene sheets are chemically tolerant and can withstand high-impact stress. Also, ultra-high molecular weight polyethylene has longer polymer chains and no moisture absorption than HDPE. HDPE, on the other hand, has a higher strength-to-weight ratio and has a lower water absorption rate. Thus, due to such properties the rising demand for ultra-high molecular weight polyethylene sheets is anticipated to drive the market growth.

Ultra-high Molecular Weight Polyethylene Market Segment Analysis- By Application

Healthcare sector held the largest share with 35% in the ultra-high molecular weight polyethylene market in 2020. Owing to the biological durability, biocompatibility, high creep resistance, wear resistance, and low friction, ultra-high molecular weight polyethylene (UHMWPE) is primarily used in the medical industry for the fabrication of cardiovascular and orthopaedic implants. Rising healthcare investments, medical technology advancements, and an aging population are all factors driving product demand in the medical industry. According to India Brand Equity Foundation, In the Union Budget 2021-22, the government announced a six-year outlay of Rs. 64,180 crore (US$ 8.80 billion) for the healthcare sector to improve the current ‘National Health Mission' by improving primary, secondary, and tertiary care, healthcare systems, and institutions to identify and cure new and emerging diseases. Thus, with the rising government investment in the healthcare sector, it is anticipated that the market would rise in the upcoming years.

Ultra-high Molecular Weight Polyethylene Market Segment Analysis- Geography

Asia-Pacific region held the largest share of more than 42% in the ultra-high molecular weight polyethylene market in 2020. Rising growth of automotive, medical, and electronics industries in the region has uplifted the growth of the market. According to the OICA, the overall motor vehicle production in Malaysia increased from 564 971 units in 2018 to 571 632 units in 2019. Hence, the rising production of automotive in this region is expected to drive the market during the forecast period. Additionally, the increasing usage of UHMWPE owing to its alluring properties in orthopaedic applications in Asia Pacific countries has driven the ultra-high molecular weight polyethylene market growth. One of the reasons for the recent increase in demand for ultra-high molecular weight polyethylene (UHMWPE) is the expanding medical sector in Asia-Pacific. Thus, the rising demand for ultra-high molecular weight polyethylene in various applications is therefore anticipated to drive the market in the Asia-Pacific region over the forecast period.

Ultra-high Molecular Weight Polyethylene Market Drivers

Increasing demand from end use industries

Increased investments and initiatives from governments of various countries around the world to provide superior protective gear to their military sectors have uplifted the market growth. Ballistic defence items, such as shields and plate inserts, bulletproof vests, battle helmets, and protective armour, made up of ultra-high molecular weight polyethylene (UHMWPE) are essential in aerospace & defence end use industries. Government initiatives such as the Soldier Protection System have also raised the aerospace and defence industry's product demand, which has raised the demand for ultra-high molecular weight polyethylene (UHMWPE). UHMWPE is also a stronger and safer alternative to steel in wire ropes used in the aerospace and defence industries. Because of its selflubricating and vibration-reducing properties, ultra-high molecular weight polyethylene is used in supportive belts, car seat components, and truck shock spacers in the automotive industry. Also, the increasing sales of electric vehicles (EVs) have led to the demand for lithium-ion batteries, which depend on ultra-high molecular weight polyethylene for their functioning. Thus, increasing demand for electric vehicles is anticipated to raise the growth of the market. For instance, according to the U.S. International Trade Commission, electric vehicle sales increased by 67%, between 2017 and 2019. With the growing demand for ultra-high molecular weight polyethylene in various end use industries, the market is anticipated to rise over the forecast period.

Ultra-high Molecular Weight Polyethylene Market Challenges

Rising Cost of Ultra-high Molecular Weight Polyethylene

Ultra-high molecular weight polyethylene (UHMWPE) is a high-performance polymer that outperforms traditional metals and polymers like steel, polypropylene, and polyethylene. Higher impact strength, low friction coefficient, remarkable energy absorption ability, and wear and abrasion resistance are among these properties. These beneficial properties, however, raise the cost of ultra-high molecular weight polyethylene (UHMWPE) and are expected to stifle its development in the coming years. Furthermore, the occurrence of COVID-19 has unfavorably decreased demand for the commodity from a number of industries due to supply and transportation constraints, as well as a pause in industrial productivity. Thus, the rising cost of ultra-high molecular weight polyethylene is estimated to create hurdles towards the growth of the market.

Ultra-high Molecular Weight Polyethylene Market Landscape

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the ultra-high molecular weight polyethylene market. Major players in the ultra-high molecular weight polyethylene market are Celanese Corporation, Koninklijke DSM N.V., LyondellBasell Industries Holdings B.V., the Mitsubishi Chemical Advanced Materials group of companies, Crown Plastics, Inc., China Petrochemical Corporation (Sinopec Group), Asahi Kasei Corporation, LianLe Chemical Corporation, Braskem, Mitsui Chemicals, Dotmar Engineering Plastics, TSE Industries, Inc., and others.

Acquisitions/Technology Launches

  • In October 2020, Celanese Corporation's Texas manufacturing facility has begun producing GUR ultra-high molecular weight polyethylene. The company's GUR engineered materials portfolio will grow as a result of this expansion.
  • In July 2019, Dyneema Purity Black fibre, the first black medical-grade UHMW PE fibre, was launched by Koninklijke DSM N.V. The fibre structures are 15 times stronger than steel, with a low profile, biocompatibility and high pliability.

Relevant Reports

Polyethylene Market - Forecast(2021 - 2026)

Report Code: CMR 0514

Medical Grade Ultra High Molecular Weight Polyethylene Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2019 – 2024

Report Code: CMR 51380

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1. Ultra-high Molecular Weight Polyethylene Market - Market Overview
    1.1 Definitions and Scope
2. Ultra-high Molecular Weight Polyethylene Market - Executive Summary
    2.1 Market Revenue, Market Size and Key Trends by Company
    2.2 Key Trends by Grade
    2.3 Key Trends by Form
    2.4 Key Trends by Application
    2.5 Key Trends by Geography
3. Ultra-high Molecular Weight Polyethylene Market - Comparative analysis
    3.1 Market Share Analysis- Major Companies
    3.2 Product Benchmarking- Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis- Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. Ultra-high Molecular Weight Polyethylene Market - Startup companies Scenario Premium Premium 
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. Ultra-high Molecular Weight Polyethylene Market – Industry Market Entry Scenario Premium Premium 
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis – Major companies
6. Ultra-high Molecular Weight Polyethylene Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Buyers
        6.3.3 Threat of New Entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of Substitutes
7. Ultra-high Molecular Weight Polyethylene Market -Strategic analysis
    7.1 Value/Supply Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies
8. Ultra-high Molecular Weight Polyethylene Market – By Grade (Market Size - US$ Million)
    8.1 Anti-static
    8.2 Standard
    8.3 Others
9. Ultra-high Molecular Weight Polyethylene Market - By Form (Market Size - US$ Million)
    9.1 Rods & Tubes
    9.2 Sheets
    9.3 Films
    9.4 Fibers
    9.5 Tapes
    9.6 Others
10. Ultra-high Molecular Weight Polyethylene Market – By Application (Market Size - US$ Million)
    10.1 Healthcare
    10.2 Textile
    10.3 Aerospace & Defence
    10.4 Automotive
        10.4.1 Gears
        10.4.2 Screw
        10.4.3 Bearings
        10.4.4 Others
    10.5 Sport & Leisure
        10.5.1 Alpine
        10.5.2 Snowboards
        10.5.3 Ice skating
        10.5.4 Bowling alleys
        10.5.5 Others
    10.6 Chemical & Petrochemical
        10.6.1 Pumps
        10.6.2 Rollers
        10.6.3 Valves
        10.6.4 Gaskets
        10.6.5 Nozzles
    10.7 Food & Beverage
    10.8 Marine
    10.9 Others
11. Ultra-high Molecular Weight Polyethylene Market - By Geography (Market Size - US$ Million)
    11.1 North America
        11.1.1 USA
        11.1.2 Canada
        11.1.3 Mexico
    11.2 Europe
        11.2.1 UK
        11.2.2 Germany
        11.2.3 France
        11.2.4 Italy
        11.2.5 Netherlands
        11.2.6 Spain
        11.2.7 Russia
        11.2.8 Belgium
        11.2.9 Rest of Europe
    11.3 Asia Pacific
        11.3.1 China
        11.3.2 Japan
        11.3.3 India
        11.3.4 South Korea
        11.3.5 Australia and New Zealand
        11.3.6 Indonesia
        11.3.7 Taiwan
        11.3.8 Malaysia
        11.3.9 Rest of Asia Pacific
    11.4 South America
        11.4.1 Brazil
        11.4.2 Argentina
        11.4.3 Colombia
        11.4.4 Chile
        11.4.5 Rest of South America
    11.5 ROW
        11.5.1 Middle East
            11.5.1.1 Saudi Arabia
            11.5.1.2 UAE
            11.5.1.3 Israel
            11.5.1.4 Rest of Middle East
        11.5.2 Africa
            11.5.2.1South Africa
            11.5.2.2 Nigeria
            11.5.2.3 Rest of South Africa
12. Ultra-high Molecular Weight Polyethylene Market - Entropy
    12.1 New Product Launches
    12.2 M&A’s, Collaborations, JVs and Partnerships
13. Ultra-high Molecular Weight Polyethylene Market - Market Share Analysis Premium
    13.1 Market Share at Global Level - Major companies
    13.2 Market Share by Key Region - Major companies
    13.3 Market Share by Key Country - Major companies
    13.4 Market Share by Key Application - Major companies
    13.5 Market Share by Key Product Type/Product category- Major companies
14. Ultra-high Molecular Weight Polyethylene Market - Key Company List by Country Premium Premium 
15. Ultra-high Molecular Weight Polyethylene Market Company Analysis - Business Overview, Product Portfolio, Financials, and Developments
    15.1 Company 1
    15.2 Company 2
    15.3 Company 3
    15.4 Company 4
    15.5 Company 5
    15.6 Company 6
    15.7 Company 7
    15.8 Company 8
    15.9 Company 9
    15.10 Company 10 and more
"*Financials would be provided on a best efforts basis for private companies"

LIST OF TABLES

1.Global UHMW PE Market By Form Market 2019-2024 ($M)
2.Global Ultra-High Molecular Weight Polyethylene Market By End-Use Industry Market 2019-2024 ($M)
2.1 Healthcare & Medical Market 2019-2024 ($M) - Global Industry Research
2.2 Mechanical Equipment Market 2019-2024 ($M) - Global Industry Research
3.Global UHMW PE Market By Form Market 2019-2024 (Volume/Units)
4.Global Ultra-High Molecular Weight Polyethylene Market By End-Use Industry Market 2019-2024 (Volume/Units)
4.1 Healthcare & Medical Market 2019-2024 (Volume/Units) - Global Industry Research
4.2 Mechanical Equipment Market 2019-2024 (Volume/Units) - Global Industry Research
5.North America UHMW PE Market By Form Market 2019-2024 ($M)
6.North America Ultra-High Molecular Weight Polyethylene Market By End-Use Industry Market 2019-2024 ($M)
6.1 Healthcare & Medical Market 2019-2024 ($M) - Regional Industry Research
6.2 Mechanical Equipment Market 2019-2024 ($M) - Regional Industry Research
7.South America UHMW PE Market By Form Market 2019-2024 ($M)
8.South America Ultra-High Molecular Weight Polyethylene Market By End-Use Industry Market 2019-2024 ($M)
8.1 Healthcare & Medical Market 2019-2024 ($M) - Regional Industry Research
8.2 Mechanical Equipment Market 2019-2024 ($M) - Regional Industry Research
9.Europe UHMW PE Market By Form Market 2019-2024 ($M)
10.Europe Ultra-High Molecular Weight Polyethylene Market By End-Use Industry Market 2019-2024 ($M)
10.1 Healthcare & Medical Market 2019-2024 ($M) - Regional Industry Research
10.2 Mechanical Equipment Market 2019-2024 ($M) - Regional Industry Research
11.APAC UHMW PE Market By Form Market 2019-2024 ($M)
12.APAC Ultra-High Molecular Weight Polyethylene Market By End-Use Industry Market 2019-2024 ($M)
12.1 Healthcare & Medical Market 2019-2024 ($M) - Regional Industry Research
12.2 Mechanical Equipment Market 2019-2024 ($M) - Regional Industry Research
13.MENA UHMW PE Market By Form Market 2019-2024 ($M)
14.MENA Ultra-High Molecular Weight Polyethylene Market By End-Use Industry Market 2019-2024 ($M)
14.1 Healthcare & Medical Market 2019-2024 ($M) - Regional Industry Research
14.2 Mechanical Equipment Market 2019-2024 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Ultra-high Molecular Weight Polyethylene Market Revenue, 2019-2024 ($M)
2.Canada Ultra-high Molecular Weight Polyethylene Market Revenue, 2019-2024 ($M)
3.Mexico Ultra-high Molecular Weight Polyethylene Market Revenue, 2019-2024 ($M)
4.Brazil Ultra-high Molecular Weight Polyethylene Market Revenue, 2019-2024 ($M)
5.Argentina Ultra-high Molecular Weight Polyethylene Market Revenue, 2019-2024 ($M)
6.Peru Ultra-high Molecular Weight Polyethylene Market Revenue, 2019-2024 ($M)
7.Colombia Ultra-high Molecular Weight Polyethylene Market Revenue, 2019-2024 ($M)
8.Chile Ultra-high Molecular Weight Polyethylene Market Revenue, 2019-2024 ($M)
9.Rest of South America Ultra-high Molecular Weight Polyethylene Market Revenue, 2019-2024 ($M)
10.UK Ultra-high Molecular Weight Polyethylene Market Revenue, 2019-2024 ($M)
11.Germany Ultra-high Molecular Weight Polyethylene Market Revenue, 2019-2024 ($M)
12.France Ultra-high Molecular Weight Polyethylene Market Revenue, 2019-2024 ($M)
13.Italy Ultra-high Molecular Weight Polyethylene Market Revenue, 2019-2024 ($M)
14.Spain Ultra-high Molecular Weight Polyethylene Market Revenue, 2019-2024 ($M)
15.Rest of Europe Ultra-high Molecular Weight Polyethylene Market Revenue, 2019-2024 ($M)
16.China Ultra-high Molecular Weight Polyethylene Market Revenue, 2019-2024 ($M)
17.India Ultra-high Molecular Weight Polyethylene Market Revenue, 2019-2024 ($M)
18.Japan Ultra-high Molecular Weight Polyethylene Market Revenue, 2019-2024 ($M)
19.South Korea Ultra-high Molecular Weight Polyethylene Market Revenue, 2019-2024 ($M)
20.South Africa Ultra-high Molecular Weight Polyethylene Market Revenue, 2019-2024 ($M)
21.North America Ultra-high Molecular Weight Polyethylene By Application
22.South America Ultra-high Molecular Weight Polyethylene By Application
23.Europe Ultra-high Molecular Weight Polyethylene By Application
24.APAC Ultra-high Molecular Weight Polyethylene By Application
25.MENA Ultra-high Molecular Weight Polyethylene By Application
26.Braskem S.A., Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Celanese Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Lyondellbasell Industries N.V., Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Koninklijke DSM N.V., Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Asahi Kasei Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Saudi Basic Industries Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.E. I. Du Pont De Nemours & Company, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Honeywell International Inc., Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Teijin Limited, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Rochling Engineering Plastics Pvt. Ltd., Sales /Revenue, 2015-2018 ($Mn/$Bn)
36.Quadrant Engineering Plastic Products, Sales /Revenue, 2015-2018 ($Mn/$Bn)
37.Redwood Plastics, Sales /Revenue, 2015-2018 ($Mn/$Bn)
38.King Plastic Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
39.Garland Manufacturing Company, Sales /Revenue, 2015-2018 ($Mn/$Bn)
40.Orthoplastics, Sales /Revenue, 2015-2018 ($Mn/$Bn)
41.Shanghai Lianle Chemical Industry Science & Technology Co. Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)
42.Nitto Denko Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)