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Thursday, May 27, 2021

Global Ultra-High Molecular Weight Polyethylene Market to be Driven by growing demand from various applications in the Forecast Period of 2021-2026

The new report by EMR titled, ‘Global Ultra-High Molecular Weight Polyethylene Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global ultra-high molecular weight polyethylene market, assessing the market based on its segments like form, application, end-use, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.

Note 1: For a snapshot of the primary and secondary data of the market (2015-2025), along with business strategies and detailed market segmentation, please click on the request sample report. The sample report shall be delivered to you within 24 hours.

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The key highlights of the report include:

Market Overview (2016-2026):

  • Forecast CAGR (2021-2026): 10%
  • Forecast Market Size (2026): USD 2.63 Billion

Over the forecast period, growing demand from medical and prosthetics applications is expected to drive the market forward significantly. UHMWPE is gaining popularity as a prosthetic material in the medical industry. This growing popularity may be attributed to its advantageous physical and chemical properties, such as improved flexibility and strength. As a result of technical developments, prosthetics have a longer working life and are more convenient for users. In recent years, market participants have been working hard to process UHMWPE and grow its properties. The material is primarily used to insert shoulders, knees, and spines.

Industry Definition and Major Segments

Ultra-High Molecular Weight Polyethylene (UHMWPE) has a molecular weight of 5 to 9 million. It is a polyethylene subset that is thermoplastic. It has low friction, high abrasion resistance, and high strength. It is also light, self-lubricating, chemically resistant, and sound-dampening.

By form, the market is divided into:

  • Sheets
  • Rods and Tubes
  • Fibers
  • Films
  • Tapes
  • Others

Based on applications, the industry is segmented into:

  • Medical Grade and Prosthetics
  • Membranes
  • Filtration
  • Batteries
  • Additives
  • Others

On the basis of end-use industry, the market is segregated into:

  • Healthcare and Medical
  • Aerospace
  • Defense and Military
  • Mechanical Equipment
  • Food and Beverages
  • Others

Based on region, the market is segmented into:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Market Trends

The significant demand for orthopedic implants in Europe and North America is propelling the global UHWM-PE market forward. The demand for UHMW-PE in prosthetics is expected to rise due to an increase in the number of joint replacement operations for knees and hips, as well as an increase in the geriatric population. Since it is solid and flexible, it is used for non-absorbable sutures. Furthermore, UHMW-PE sutures are flatter than polyester and poly-blend sutures, which are commonly used. Because of its use in personal protection equipment and anti-ballistic applications, UHMW-PE is in high demand in the military and defense industry. During the forecast era, the global demand for homeland security and counter-terrorism activities is projected to have a positive effect on the sector. Because of the high use of UHMW-PE in healthcare, military & defense, automotive, electronics, and other end-use industries, North America accounted for the largest market share. The increasing use of electric and hybrid vehicles in this area is expected to push up product demand in the automotive industry. During the review era, the European region’s large industrial base, combined with high demand for UHMW-PE in the healthcare, electronics, and automotive industries, is expected to drive regional market growth.

Explore the full report with the table of contents@

Key Market Players

The major players in the market are Celanese Corporation, Lyondellbasell Industries Holdings B.V., Koninklijke DSM N.V., Mitsubishi Chemical Holdings Group, Asahi Kasei Advance Corporation, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.


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