Ultra High Molecular Weight Polyethylene (UHMWPE) Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Ultra-High Molecular Weight Polyethylene Market
The ultra-high molecular weight polyethylene market size was valued at USD 1691.2 million in 2019, and the market is now projected to grow USD 3319.0 million in 2027 exhibiting a CAGR of 10.1% during the forecast period of 2020-2027.
The market was disrupted by the COVID-19 virus in terms of manufacturing operations and global supply chains. Issues of raw material supply and human capital limited operations in electronics and mechanical sectors. Restrictions involving the COVID-19 case in North America and Europe affected the demand from automotive and Aerospace industry. Delay of elective surgeries and surgeries like replacements of joints also reduced the demand of UHMWPE mainly in medical industry. All these factors combine to dampen market growth during the pandemic.
Innovative protective equipment spending by government for military use is likely to fuel the market expansion. Equipment such as shield, bullet proof vests for individual and group wear, helmets used in combat and armor are important in protecting soldiers. Such products are finding their uses through programs such as the Soldier Protection System. They observed that such a trend is especially evident in aerospace and defense industries. Better protection measures are essential for today’s warfare.
Applications of materials UHMWPE is very much used in the medical field due to its great feature such as biocompatibility wear resistance, durability etc. Research aims at enhancing its tribological and mechanical characteristics in producing long-lasting implant. Some of the medical applications that Dyneema targets include medical devices Manufactures of medical grade products such as Dyneema Purity fiber meet the ASTM and ISO standards. This fiber is 15 times stronger than steel and, therefore, ideal for use in biomedical applications. The progressions in UHMWPE are helpful in improving both the patient and implant outcomes.
Comprehensive Analysis of Ultra-High Molecular Weight Polyethylene Market
The ultra-high molecular weight polyethylene market growth is also increasing exponentially because of the segmentation of its market. This market expansion rightly provides a thorough market breakdown near to the industry considering the leading supply and demand forces. These segmentations are methodically segregated by form analysis, and by end-use industry analysis. By form analysis incudes sheets & films, rods & tubes, fibers, tapes, and others. By end-use industry analysis incudes automotive, aerospace & defense, medical, chemical, electronics, and others.
The North America region lead the ultra-high molecular weight polyethylene market share by benefitting a market size of USD 646.6 million in 2019 due to its high adoption of electric vehicles.
Top players in the market have their responsibility of chemicals & advanced materials industrial prospectus growth of the retailing industry and the markets. These players include, Celanese Corporation, LyondellBasell Industries N.V., Saudi Arabia Basic Industries Corporation, Asahi Kasei Corporation, DSM, Braskem, DuPont, Mitsui Chemicals, Inc., Honeywell International, Inc., Teijin Limited these market players provide a level-playing competitive landscape.
In March 2021, Celanese Corporation announced the expansion of its GUR ultra-high molecular weight polyethylene production in Europe to meet rising demand for EV battery separators.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2016-2027
Base Year 2019
Forecast Period 2020-2027
Historical Period 2016-2018
Unit Volume (Kilotons); Value (USD Million)
Segmentation By Form; By End-use Industry; and By Geography
By Form
Sheets & Films
Rods & Tubes
Fibers
Tapes
Others
By End-use Industry
Automotive
Aerospace & Defense
Medical
Chemical
Electronics
Others
By Geography
North America (Form, End-use Industry)
By Country
U.S. (By End-use Industry)
Canada (By End-use Industry)
Mexico (By End-use Industry)
Europe (Form, End-use Industry)
By Country
Germany (By End-use Industry)
France (By End-use Industry)
UK (By End-use Industry)
Italy (By End-use Industry)
Rest of Europe (By End-use Industry)
Asia Pacific (Form, End-use Industry)
By Country
China (By End-use Industry)
Japan (By End-use Industry
India (By End-use Industry)
Southeast Asia (By End-use Industry)
Rest of Asia Pacific (By End-use Industry)
South America (Form, End-use Industry)
By Country
Brazil (By End-use Industry)
Argentina (By End-use Industry)
Rest of South America (By End-use Industry)
Middle East & Africa (Form, End-use Industry)
By Country
Saudi Arabia (By End-use Industry)
South Africa (By End-use Industry)
Rest of Middle East & Africa (By End-use Industry)