Global Ultra-High Molecular Weight Polyethylene Market Size, Trends & Analysis with COVID-19 Impact - Forecasts to 2026 By Form (Sheets, Rods & Tubes, Fibers, Films, Tapes, and Others [Powder and Granules]); By End User (Aerospace, Defence & Shipping, Healthcare & Medical, Mechanical Equipment, Food & Beverages, and Others [Chemicals, Sports & Lifestyle, and Electronics]), By Region (North America, Europe, Asia Pacific, MEA, CSA); End-User Landscape, Vendor Landscape, and Company Market Share Analysis & Competitor Analysis
Ultra-High Molecular Weight Polyethylene Market Insights
The ultra-high molecular weight polyethylene (UHMWPE) market is assessed to observe a huge development of CAGR 9.5% during the gauge time frame (2020-2026). UHMWPE is a type of thermoplastic polymer with excellent properties such as high impact strength, low coefficient of friction, high abrasion resistance, chemical resistant, and self-lubrication. The key driver of the UHMWPE market is the rising demand from aerospace, defense, and orthopedic implants industries. Owing to advancement in technology and innovations in mechanical properties and increased energy absorption value of UHMWPE, the market is in high demand for the production of a bulletproof vest, helmets, and impact plates. With the increasing geriatric population in many regions, the joint replacement surgeries are also increasing which is further expected to improve the UHMWPE demand in the projected year.
Ultra-High Molecular Weight Polyethylene Market: By Type of Form
Based on the type of form, the market is segmented into sheets, rods & tubes, fibers, films, tapes, and others [powder and granules]. The sheets segment will lead the UHMWPE market due to extensive use in mechanical industries. With increasing demand from various end-users (medical and healthcare to food production industries), the share of UHMWPE sheets is expected to increase exponentially.
Ultra-High Molecular Weight Polyethylene Market: By Type of End-Users
Based on end-user type, the market is segmented into aerospace, defense & shipping, healthcare & medical, mechanical equipment, food & beverages, and others [chemicals, sports & lifestyle, and electronics]. The medical and healthcare segment will contribute the most in terms of market value mainly due to the increasing demand for implants by the geriatric population and improvement in medical science for joint replacement surgeries.
Mental Health Apps Market: By Region
Based on the region, the market is segmented into North America, Asia-Pacific, Europe, Middle East, and Africa, and Central & South America. North America will have the largest share in the market due to the presence of a huge geriatric population coupled with an increasing no. of surgeries that require the implant process. Furthermore, a wide range of automotive industries in the U.S and Canada will have a positive impact on the UHMWPE market in the North American region. The presence of key end-user industries in Asia-pacific with increasing innovation and technological advancement in many sectors will accelerate the overall UHMWPE market growth in this region. The automotive hub in Japan, China, and South Korea is expected to uplift the business of the UHMWPE in the forecast period.
Ultra-High Molecular Weight Polyethylene Market Share and Competitor Analysis
The key players operating in the market are Celanese Corporation, Koninklijke DSM N.V., LyondellBasell Industries N.V., Braskem S.A, Asahi Kasei Corporation, Du Pont De Nemours Inc., Saudi Arabia Basic Industries Corporation, Mitsui Chemicals, Inc., Honeywell International, Inc., Teijin Limited, and Others.
Please note: This is not an exhaustive list of companies profiled in the report.
In October 2020, LyondellBasell Industries N.V attended and hosted a conference to discuss its new joint venture with Sasol and increased its market presence.
In October 2020, Saudi Arabia Basic Industries Corporation collaborated with Fibertex Personal Care to bring a sustainable hygiene solution. It is the world's first Nonwoven which will be made from certified polypropylene.
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The Global Ultra-High Molecular Weight Polyethylene Market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Ultra-High Molecular Weight Polyethylene Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.
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