Ultra-High Molecular Weight Polyethylene Market - US$ 1.5 Bn in 2020 | CAGR 9.9%

Category : Chemicals and Materials | Delivery Format : PDF | Status: Published | Pages : 250

The global ultra-high molecular weight polyethylene market was US$ 1.5 Bn in 2020 and is expected to register CAGR of 9.9% from 2021-2028. 

Market Dynamics

Rapid technological advancements in plastics, rising demand for durable and cost-effective raw material, and wide applicability of UHMWPE in medical and aerospace sector are factors expected to drive the growth of global market. According to the School of Biomedical Engineering's report, UHMWPE is an outstanding biopolymer having high tensile strength, good biocompatibility, corrosion resistance, low water uptake, low coefficient of friction, and high abrasion resistance. These characteristics of UHMWPE are widely used, and are in major development phase in areas such as medicine and biology. As UHMWPE comprises many characteristics, it shows great advantages in the high performance fiber market that plays a vital role in modern aviation, aerospace, and marine areas. This is due to UHMWPE has a very low surface friction coefficient, that allows bulk materials and large adhesion properties. UHMWPE fibers are strong and light-weight due to its combination of its high strength and low density.

Top applications of UHMWPE in aerospace and defense include personal armor and vehicle armory for military. For example, UHMWPE fabric for flash flame environment when protected by flame-resistant fabric was tested, it showed high ballistic protection properties, however needed shielding from direct flame impact. In recently developed additions to the US Military's Interceptor body armor, designed to offer arm and leg protection, are said to utilize a form of Spectra or Dyneema fabric. The number of applications with UHMWPE is rapidly increasing in personal protection (vests, inserts, and helmets), vehicle protection (land vehicles, aircrafts and ships), high performance apparel including cut resistant gloves and commercial marines. Due to the unique properties of the material as a stronger and lighter solution the market is growing for ballistic protection worldwide

Ultra-High Molecular Weight Polyethylene Market - CAGR of 9.9% from 2021-2028

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High percentage volume of knee and hip surgeries in developed and developing countries and demand for implants with high tensile strength and long shelf life is expected to increase demand for UHMWPE products. Knee replacement and hip surgeries are becoming common across the globe, due to easy availability of advanced surgical infrastructure and favorable reimbursement policies. Worldwide, 40% of the population aged above 55 suffers from chronic pain. Out of these each year there are about 2.6 million knee replacement surgeries conducted worldwide. Countries such as China and India are spending high on the development of healthcare sector. Major players are inclining towards emerging economies in order to track the untapped market. These are some factors expected to augment the growth of target market. 

Players’ inclination towards increasing the business through strategic merger and agreements is expected to impact the growth of target market. 

In 2021, Koninklijke DSM N.V., a global health product service provider collaborated with Saudi Basic Industries Corporation with the focus to create new recycled based “Dyneema”. The partnership is expected to create new opportunities for company to enhance its product portfolio in UHMWPE made from recycled products. 

In 2018, Honeywell, a global conglomerate company announced that Safariland Group, a global manufacturer of personal products is utilizing the companies made UHMWPE product “Spectra Shield” in the design of the ballistic handheld shields. The resulting shields can be up to 20% lighter and is introducing the new design in its new X Series line of lightweight ballistic shields, sold under the PROTECH Tactical brand.

Factors such as fluctuating raw material prices and high cost of products are expected to hamper the growth of global market. Plastic prices are constantly changing as HDPE being the raw material for UHMWPE and high price of HDPE would increase the UHMWPE end product cost. In addition, stringent government regulations related to product approval is expected to challenge the growth of target market. Government is imposing various regulations on use of plastic in medical devices. The FDA recommends manufacturers to provide the following general technical information related to UHMWPE material for all material types and submission types to establish the type of UHMWPE in use. However, increasing investment by major players for R&D activities, focus towards development of UHMWPE from recycled products, and new product launches are factors expected to create new opportunities for players operating in the target market over the forecast period. In addition, increasing strategic agreements and public-private partnerships (PPP) is expected to support the revenue transaction of the target market.

Report coverage

Market UHMW PE Market
Analysis Period 2017 - 2028
Base Year 2020
Forecast Data 2021 - 2028
Segments Covered By Type, By Application and By Geography
Regional Scope North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Key Companies Profiled

Celanese Corporation, LyondellBasell Industries Holdings B.V., Braskem, DSM, Asahi Kasei Corporation, Mitsui Chemicals, Inc. TEIJIN LIMITED, Honeywell International Inc., TSE Industries, Inc., and St. Lawrence Steel Company

Report Coverage
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis
Customization Scope

10 hrs of free customization and expert consultation

 

 

Ultra-High Molecular Weight Polyethylene Market Segment Analysis, 2020

The global ultra-high molecular weight polyethylene market is segmented into types and application. The types segment is divided into powder UHMWPE and particle UHMWPE. Among types, the powder UHMWPE segment accounted for revenue of US$ 951.6 Mn in 2020 in the global market. The application segment is bifurcated into pharma & healthcare, construction, chemical & material, aerospace & defense and other. UHMWPE is a very useful material in medical devices manufacturing especially in orthopedic applications. For over 40 years UHMWPE is has been material in use for medical implant applications. Its more relied upon due to its high resistance to abrasion and along with its incredibly strong and durable properties. Moreover, UHMWPE fibers are replacing PET fibers due to its small size and flexibility. The most prominent cardiac medical devices manufactured using this material includes cardiac stents, pacing devices and structural cardiac implants. UHMWPE is popular among medical component manufacturers due to its toughness, low friction coefficient, high impact strength, etc.

Competitive Landscape

Players profiled in the global ultra-high molecular weight polyethylene market are Celanese Corporation, LyondellBasell Industries Holdings B.V., Braskem, DSM, Asahi Kasei Corporation, Mitsui Chemicals, Inc. TEIJIN LIMITED, Honeywell International Inc., TSE Industries, Inc., and St. Lawrence Steel Company. 

Market Segmentation

Market by Type:

  • Powder UHMWPE
  • Particle UHMWPE

Market by Application:

  • Pharma & Healthcare
  • Construction
  • Chemical & Material
  • Aerospace & Defense
  • Other

Market By Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Rest of Asia-Pacific
  • Latin America
    • Brazil 
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa


Frequently Asked Questions

In 2020 is estimated to be around US$ 1.5 Bn and CAGR from 2021-2028 is above 9.9%

Prominent players operating in the target market are Celanese Corporation, LyondellBasell Industries Holdings B.V., Braskem, DSM, and Asahi Kasei Corporation

North America dominated and Asia Pacific region exhibited the fastest growing CAGR

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