Ultra High Molecular Weight Polyethylene Market

Introduction of the Ultra-High Molecular Weight Polyethylene Market Report

Ultra-high-molecular-weight polyethylene is a subcategory of the thermoplastic polyethylene. It is also known as high-modulus polyethylene, it has particularly long chains, together with a molecular mass usually in the middle of 3.5 and 7.5 million. With the growing demand from the healthcare sector and aerospace, the market is expected to expand over the period.

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Market Dynamic

Key Drivers and Emerging Trends

The demand for the ultra-high molecular weight polyethylene, is experiencing a surge due to the material’s versatile properties such as chemical resistance, durability, low friction, for several industrial applications which has driven the market. Rising demand for the medical implants from the healthcare sector is another major factor which is likely to drive the global demand for the material and is expected to push the market. In addition, increasing geriatric population in the countries like Japan, Germany and U.S. has helped in changing the landscape of the market. For instance, According to the World Population Prospects 2019 (United Nations, 2019), by 2050, one in six people in the world will be over the age of 65, up from one in 11 in 2019. Globally, there were 703 million older persons aged 65 or over in 2019 and the life expectancy is also estimated to be 72.63 years, by 2020, which may bring the number of people aged 65 years and more to over 1.5 billion, by 2050.

According to National Bureau of Statistics of China, in December 2020, retail sales of household appliances and consumer electronics in China had amounted to about US$ 15.4 billion. Also, growing paper, food and beverage, chemical industries in Asia-Pacific are the reasons to increase the demand for UHMWPE in various applications.

Restraint in the Ultra-High Molecular Weight Polyethylene Market

However, high cost of the material which is likely to hamper the growth of the market over the forecast period.

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Product – Segment Analysis

Based on the product, medical grade & prosthetics is witnessed to grow at a higher CAGR in the market over the forecast period. Ultra-high molecular weight polyethylene is considered most preferred materials for the production of medicinal implants. It is due to high opposition to wear and graze linked with its exceptional lasting properties. It is a substance with long chains with particularly flexible and good shock potency. Moreover, these substances have less weight as related to metal materials. These attributes have improved the product demand in medical applications, which has surged the growth of the market.

Application – Segment Analysis

Based on the application, filtration is anticipated to grow at a higher CAGR in the market over the forecast period. favourable regulations and reliability are expected to benefit the product demand in the filtration industry. Recent advances in the material for filtration by the key players in the market has surged the growth of the filtration segment. For instance, B.V. recently developed an innovative membrane platform based on Ultra High Molecular Weight Polyethylene for better filtration performance.

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Regional – Segment Analysis:

Based on the region, North America is witnessed to grow at a higher CAGR in the market over the forecast period. For instance, according to “American Medical Association”, U.S. health spending has raised by 4.6% in the year 2018 from 4.2% in 2017 and has reached to US$ 3.6 trillion, which has substantially propelled the growth of the market. In addition, due to the strong presence of key players in the Celanese Corporation, Koninklijke Dsm N.V., DSM, which has driven the growth of the market.

Top Market Players

Various notable players operating in the market, include, Celanese Corporation, Lyondellbasell Industries Holdings B.V., Koninklijke Dsm N.V., Mitsubishi Chemical Advanced Materials Group, China Petrochemical Corporation, Lianle Chemical Corporation, DSM, Asahi Kasei Corporation, Dotmar Engineering Plastics, Mitsui Chemicals, Inc., among others. 

Key Developments:

• • In 2019, DSM, officially announced the acquisition of ICD, which helped the company in strengthening the presence in the market.

Segments covered in the Report:

The global ultra-high molecular weight polyethylene market has been segmented on the basis of product, application, and regions. Based on product, the market is segmented into medical-grade & prosthetics, fibers, sheets, rods, and others. Based on application, the market is segmented into filtration, batteries, fibers, additives, membranes, and others. 

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Key questions answered in this research report:

• • At what pace is global ultra-high molecular weight polyethylene market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in ultra-high molecular weight polyethylene market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global ultra-high molecular weight polyethylene market?
  • Which product generated maximum revenues in 2020 and identify the most promising product during the forecast period?
  • What are the various application areas of global ultra-high molecular weight polyethylene market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Product, By Application, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Celanese Corporation, Lyondellbasell Industries Holdings B.V., Koninklijke Dsm N.V., Mitsubishi Chemical Advanced Materials Group, China Petrochemical Corporation, Lianle Chemical Corporation, DSM, Asahi Kasei Corporation, Dotmar Engineering Plastics, Mitsui Chemicals, Inc., among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Ultra-High Molecular Weight Polyethylene Market by Product

• • Medical-Grade & Prosthetics
  • Fibers
  • Sheets
  • Rods
  • Others

Global Ultra-High Molecular Weight Polyethylene Market by Application

• • Filtration
  • Batteries
  • Fibers
  • Additives
  • Membranes
  • Others

Global Ultra-High Molecular Weight Polyethylene Market by Region

• • North America Ultra-High Molecular Weight Polyethylene Market (Option 1: As a part of the free 25% customization)
    • North America Ultra-High Molecular Weight Polyethylene Market by Product
    • North America Ultra-High Molecular Weight Polyethylene Market by Application
    • US Ultra-High Molecular Weight Polyethylene Market All-Up
    • Canada Ultra-High Molecular Weight Polyethylene Market All-Up
  • Europe Ultra-High Molecular Weight Polyethylene Market (Option 2: As a part of the free 25% customization)
    • Europe Ultra-High Molecular Weight Polyethylene Market by Product
    • Europe Ultra-High Molecular Weight Polyethylene Market by Application
    • UK Ultra-High Molecular Weight Polyethylene Market All-Up
    • Germany Ultra-High Molecular Weight Polyethylene Market All-Up
    • France Ultra-High Molecular Weight Polyethylene Market All-Up
    • Spain Ultra-High Molecular Weight Polyethylene Market All-Up
    • Rest of Europe Ultra-High Molecular Weight Polyethylene Market All-Up
  • Asia-Pacific Ultra-High Molecular Weight Polyethylene Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Ultra-High Molecular Weight Polyethylene Market by Product
    • Asia-Pacific Ultra-High Molecular Weight Polyethylene Market by Application
    • China Ultra-High Molecular Weight Polyethylene Market All-Up
    • India Ultra-High Molecular Weight Polyethylene Market All-Up
    • Japan Ultra-High Molecular Weight Polyethylene Market All-Up
    • Rest of APAC Ultra-High Molecular Weight Polyethylene Market All-Up
  • RoW Ultra-High Molecular Weight Polyethylene Market (Option 4: As a part of the free 25% customization)
    • RoW Ultra-High Molecular Weight Polyethylene Market by Product
    • RoW Ultra-High Molecular Weight Polyethylene Market by Application
    • Brazil Ultra-High Molecular Weight Polyethylene Market All-Up
    • South Africa Ultra-High Molecular Weight Polyethylene Market All-Up
    • Saudi Arabia Ultra-High Molecular Weight Polyethylene Market All-Up
    • UAE Ultra-High Molecular Weight Polyethylene Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Ultra-High Molecular Weight Polyethylene Market All-Up

Major Players Operating in the Ultra-High Molecular Weight Polyethylene (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Celanese Corporation
  • Lyondellbasell Industries Holdings B.V.
  • Koninklijke Dsm N.V.
  • Mitsubishi Chemical Advanced Materials Group
  • China Petrochemical Corporation
  • Lianle Chemical Corporation
  • DSM
  • Asahi Kasei Corporation
  • Dotmar Engineering Plastics
  • Mitsui Chemicals, Inc.