Ultra-high Molecular Weight Polyethylene Industry Overview
The global ultra-high molecular weight polyethylene market size was valued at USD 1.97 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 12.6% from 2022 to 2030. Increasing demand from various applications such as batteries, medical-grade & prosthetics, additives, fibers, filtration, and membranes are significantly driving the growth of the ultra-high molecular weight polyethylene (UHMWPE) market. In addition, increasing product demand from defense applications and its superior physical properties as compared to other polymers are factors anticipated to significantly drive the market growth during the forecast period.
Ultra-high molecular weight polyethylene is gaining increasing acceptance in defense applications owing to its properties such as resistance to chemicals, moisture, corrosion, & dirt. Furthermore, UHMWPE is preferred over other conventional metals and polymers in the defense sector because of its properties such as lightweight, low friction coefficient, self-lubricating, high impact strength, tremendous energy absorption capacity, wide service temperature range, and wear resistance.
Gather more insights about the market drivers, restrains and growth of the Global Ultra-high Molecular Weight Polyethylene market
UHMWPE’s use results in lower weight, diminished noise & vibrations, reduced production costs, and negligible maintenance. It is also used for personal protective equipment and vehicle armor owing to its too high impact strength. Several governments worldwide have taken initiatives to provide better protective gear for their military and law enforcement personnel, thereby boosting the product demand.
Joint replacement surgeries for knees and hips have witnessed a rapid uptrend over the last five years. A shift in trend wherein people aged 45 to 60 years are increasingly opting for joint replacement surgeries have been observed in the recent past. Technological advancements have resulted in better prosthetics, longer lifespan, and more comfort for patients. The increasing geriatric population in several countries such as the U.S., Canada, Germany, Japan, and others are expected to drive medical grade UHMWPE demand over the forecast period. However, UHMWPE’s high cost over other polymers such as polypropylene, polyethylene, engineering thermoplastics, and others is expected to hamper the market growth in the coming years.
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- Medical Elastomers Market – Medical elastomers are a class of materials used in the healthcare industry for their unique properties such as flexibility, durability, biocompatibility, and resistance to chemicals and temperature changes. These materials are used in various medical applications such as tubing, syringe plungers, surgical instruments, and implants among others.
- Modified Polyphenylene Ether Market – Modified Polyphenylene ether is anticipated to gain traction over the forecasted period owing its utilization in a wide range of applications including electrical devices, components in printers and copiers, water softeners, and others. These application presents prominent usage in huge spectrum of end-use industries comprising constructions, automobiles, electrical & electronics, water treatment, and others.
Ultra-high Molecular Weight Polyethylene Market Segmentation
Grand View Research has segmented the global ultra-high molecular weight polyethylene market based on product, application, and region:
Ultra-high Molecular Weight Polyethylene Product Outlook (Volume, Kilotons; Revenue, USD Million, 2019 – 2030)
- Medical Grade & Prosthetics
- Fibers
- Sheets
- Rods
- Others
Ultra-high Molecular Weight Polyethylene Application Outlook (Volume, Kilotons; Revenue, USD Million, 2019 – 2030)
- Medical Grade & Prosthetics
- Filtration
- Batteries
- Fibers
- Additives
- Membranes
- Others
Ultra-high Molecular Weight Polyethylene Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2019 – 2030)
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa (MEA)
Market Share Insights
- October 2020: Celanese Corporation, one of the leading companies in the market, announced the addition of a new production line of its GUR UHMWPE at its Bishop, Texas manufacturing facility.
Key Companies profiled:
Some of the prominent players in the global ultra-high molecular weight polyethylene market include:
- Celanese Corporation
- LyondellBasell Industries Holdings B.V.
- Koninklijke DSM N.V.
- China Petrochemical Corporation
- Mitsubishi Chemical Advanced Materials Group
- LianLe Chemical Corporation
- Crown Plastics, Inc.
- Braskem
- Asahi Kasei Corporation
- Dotmar Engineering Plastics
- Honeywell International, Inc.
- Mitsui Chemicals, Inc.
- TSE Industries, Inc.
- Garland Manufacturing Company
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