Ultra-High Molecular Weight Polyethylene Market Size, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2020 - 2026

Report ID: GMI4336




Summary Methodology

The Ultra-High Molecular Weight Polyethylene Market is likely to portray an upward trend owing to developments in the healthcare industry. Global healthcare expenditure is likely to increase from around USD 7 trillion in 2017 to more than USD 10 trillion by 2022. This growth is driven by various factors like rising population, increasing public & private investments, technological advancements, improving disposable income in emerging markets, etc. Such growth in the healthcare sector will significantly increase demand for ultra-high molecular weight polyethylene. This is owing to the product usage in various medical applications like hip & spine implants, joint replacements, surgical sutures, etc.
 

High-modulus polyethylene is a unique engineered thermoplastic which possess supreme physical & mechanical properties like corrosion resistance, wear resistant, excellent strength in high temperature, chemical resistance, etc. These qualities play a vital role in the defense sector. Its high energy absorption capacity and stress resistance makes it suitable to be used in ballistic protection applications like protection panels, insert plates, helmets etc. Rising defense expenditure in U.S. will significantly increase the product demand in near future.
 

Various forms of ultra-high molecular weight polyethylene are sheets & plates, rods & tubes, films, and fibers. Out of these, sheets & plates would acquire a significant share owing to its diverse applications. High-modulus polyethylene sheets are used in production of rollers & wear plates, conveyor guide rails, chain guides, sprockets, belt scrapers, etc. They are available in various colors like white, green, black, etc. Rods & tubes are another significant form segment in the ultra-high molecular weight polyethylene market which finds various applications in the electronics & industrial sector.
 

On the basis of grade, the ultra-high molecular weight polyethylene market is segmented into virgin, reprocessed, antistatic, FDA compliant, flame retardant, and others which include oil filled, UV resistant, etc. Virgin grade ultra-high molecular weight polyethylene is likely to attain a significant share owing to its excellent strength and machinability. This grade is used in various applications like cutting boards, slides, rollers, metal detector troughs, trimmer lugs, etc. Reprocessed grade is a blend of recycled and virgin ultra-high molecular weight polyethylene. These are used in packaging & material handling applications. The grades which are FDA approved can be used in medical industry.
 

Based on processes, the ultra-high molecular weight polyethylene market is segmented into compression molding, ram extrusion, sintering and others. Ram extrusion is one of the most common processes which converts the powder particles of high-modulus polyethylene into bulk products. It can produce various forms of high-modulus polyethylene like sheets, plates, tubes and other customized profiles. Compression molding is another significant process owing to its widespread use.
 

Industrial segment is likely to grow at a significant CAGR owing to the product usage in various material handling applications. Its good abrasion resistance, sliding performance and flame resistant makes it suitable to be used in packaging machinery parts, conveyor systems, guide rails, food processing machinery parts, etc. Aerospace is another significant end-user which uses high-modulus polyethylene in various interior applications. Its superior mechanical features, cost-effectiveness and light weight are some reasons behind its rising use in the industry. The global aircraft fleet is likely to increase from around 25,000 in 2018 to over 50,000 aircrafts by 2038. Such rise in aircraft production would increase product demand in the coming years.
 

Asia Pacific is likely to portray a significant growth rate in the coming years owing to developments in its end-user industries like automotive, industrial and electronics. China has become one of the leading automotive manufacturers which accounted for about 27 million motor vehicles in 2018. Rising population, economic development and rising middle class are some reasons behind such growth. North America is also a significant regional market of ultra-high molecular weight polyethylene owing to its high aircraft production capacity and progressing medical sector.
 

Major players in the ultra-high molecular weight polyethylene market are Honeywell International, Celanese Corporation, Royal DSM, Teijin Aramid B.V., Mitsui Chemicals, Inc., etc.
 

Ultra-High Molecular Weight Polyethylene Market, By Form, 2014-2025 (USD Million)

  • Sheets & plates
  • Rods & tubes
  • Films
  • Fibers
  • Others

Ultra-High Molecular Weight Polyethylene Market, By Grades, 2014-2025 (USD Million)

  • Virgin
  • Reprocessed
  • Anti-static
  • FDA compliant
  • Flame retardant
  • Others

Ultra-High Molecular Weight Polyethylene Market, By Process, 2014-2025 (USD Million)

  • Compression molding
  • Ram extrusion
  • Sintering
  • Others

Ultra-High Molecular Weight Polyethylene Market, By End-user, 2014-2025 (USD Million)

  • Automotive & transportation
  • Healthcare
  • Military & Defense
  • Electronics
  • Industrial
  • Sport & leisure
  • Others

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
    • Russia
  • APAC
    • China
    • India
    • Japan
    • Australia
    • Indonesia
    • Malaysia
    • South Korea
  • Latin America
    • Brazil
    • Mexico
  • MEA
    • South Africa
    • Saudi Arabia
    • UAE
    • Kuwait

Company Profiles:

  • Braskem S.A.
  • Dupont
  • Honeywell International
  • Celanese Corporation
  • Royal DSM
  • Teijin Aramid B.V.
  • Mitsui Chemicals, Inc.
  • Asahi Kasei Corporation
  • Redwood Plastics and Rubber
  • LyondellBasell Industries B.V.

What Information does this report contain?

Historical data coverage: 2015 to 2019; Growth Projections: 2020 to 2026.
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts: major segments covering applications, top products and geographies.
Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.


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