Ultra High Molecular Weight Polyethylene (UHMWPE) Market Overview
Ultra High Molecular Weight Polyethylene (UHMWPE) Market was valued at USD 1.8 billion in 2018 and is projected to register a CAGR of over 9.5% to reach USD 3.4 billion by 2030.
Ultra-High Molecular Weight Polyethylene (UHMWPE) has the highest molecular density with a molecular weight between 5 to 9 million. It is a subset of the thermoplastic polyethylene. It has excellent mechanical properties such as high abrasion resistance, high impact strength, and low coefficient of friction. Apart from this, it also is lightweight, self-lubricating, chemical resistance, and sound dampening properties.
The growth of the global UHWM-PE market is primarily driven by the significant demand for orthopedics implants in Europe and North America. Increase in the number of joint replacement surgeries for knees and hips coupled with an increase in geriatric population is projected to fuel the demand for UHMW-PE in making of prosthetics. It is used for non-absorbable sutures as it is strong and durable. Moreover, the sutures made using UHMW-PE are flatter than the conventionally used polyester and poly-blend sutures. The demand for UHMW-PE in the military & defense industry is increasing due to its use in personal protective equipment and anti-ballistic applications. It is commonly used in bulletproof vests, impact plate, and helmet production. The need for homeland security and counter-terrorism activities across the globe is expected to have a positive impact on the market during the forecast period. It is also being used in automotive applications such as to assist straps, seat belt parts, shock spacers for trucks, glass run channel, among others due to its self-lubricating properties. Additionally, it is an ideal choice of material for use in electronic and electrical applications and components subjected to high wear and stress, requiring high friction, and abrasion resistance.
The increasing use of UHWM-PE in making lithium-ion battery separator is expected to offer a lucrative opportunity to the players in this market. The inclination towards the use of electric and hybrid vehicles, which use lithium-ion batteries, is projected to propel the demand for UHMW-PE in a battery application.
However, the presence of substitutes such as polyoxymethylene, urethane, fluoropolymers, and polycarbonate, along with the volatility in raw material prices is likely to hamper the market growth during the review period.
The players in this market are focusing on strategic growth initiatives such as capacity expansion and product launch to meet the rising demand for UHMW-PE in a wide range of applications. For instance, in August 2018, Mitsui Chemicals Inc., expanded its production capacity for HI-ZEX MILLION™ UHMW-PE, by about 15% to 8,500 tons per year, in Japan.
Global Ultra High Molecular Weight Polyethylene Market Share, by End-Use Industry, 2018 (%)
Source: MRFR Analysis
The global UHMW-PE market, by region, has been segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
North America accounted for the largest market share in 2018 on the backdrop of high consumption of UHMW-PE in healthcare, military & defense, automotive, electronics, and other end-use industries. Rising adoption of electric and hybrid vehicles in this region is expected to fuel the product demand in the automotive industry.
The large industrial base in the European region with the high demand for UHMW-PE in healthcare, electronics, and automotive industries is expected to drive the regional market growth during the review period.
Asia-Pacific is the fastest growing region due to the rapid industrialization in emerging countries such as India, Malaysia, Thailand, and South Korea. Apart from this, the rising geriatric population in Japan, coupled with affordability, is expected to fuel the product demand in the healthcare industry.
Industrialization in emerging economies such as Brazil and Chile are expected to drive the product demand in Latin America during the forecast period.
The global UHMW-PE market has been segmented by form, end-use industry, and region.
By form, the global market has been segmented into sheets, rods & tubes, and others.
Based on application, the global UHMW-PE market has been segregated into healthcare, military & defense, automotive, electronics, chemicals, food & beverage, sports & leisure, and others.
Some of the prominent players operating in the global UHMWPE Market are Braskem (Brazil), Celanese Corporation (US), LyondellBasell Industries Holdings BV (Netherlands), DSM (Netherlands), Asahi Kasei Advance Corporation (Japan), Mitsui Chemicals, Inc. (Japan), DuPont de Nemours, Inc. (US), Honeywell International Inc. (US), Mitsuboshi Belting Ltd (Japan), Teijin Aramid BV (Netherlands), Nanoshell LLC (Germany), and TOYOBO CO., LTD (Japan).
March 2021 - a worldwide prominent supplier chemical and specialty materials, Celanese Corporation, revealed its target to expand its manufacturing facility based in Europe GUR® ultra-high molecular weight polyethylene. The company lately finished the expansion of Bishop, Texas, GUR® with reaching the capacity of over 15KT per year coming online starting in 2022, the company focuses on investing in extra capacity for GUR® situated Europe.
The growth of the company’s footprint in the European region is likely to be online starting in 2024, with a yearly notice capacity of over 34KT. Site selection for this latest European plant is in progress, and the firm believes both present and greenfield locations for a GUR® production unit. These expansion projects by the firm guarantees to support the substantial growth will in the company’s greater-value GUR® engineered product portfolio.
December 2021- SES, previously called as SolidEnergy Systems and ENTEK Membranes, has announced the signing of an exclusive supply agreement for innovative separator materials in the building and manufacturing of high-energy Li-Metal rechargeable batteries. These firms are based in the US and have a well-established global footprint. The firms look to strengthen the future of electric transportation using SES batteries and ENTEK materials.
|Market Size||USD 3.4 billion|
|Historical Data||2019 & 2020|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||By Form, End-Use Industry and Region|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Braskem (Brazil), Celanese Corporation (US), LyondellBasell Industries Holdings BV (Netherlands), DSM (Netherlands), Asahi Kasei Advance Corporation (Japan), Mitsui Chemicals, Inc. (Japan), DuPont de Nemours, Inc. (US), Honeywell International Inc. (US), Mitsuboshi Belting Ltd (Japan), Teijin Aramid BV (Netherlands), Nanoshell LLC (Germany), and TOYOBO CO., LTD (Japan).|
|Key Market Opportunities||The increasing use of UHWM-PE in making lithium-ion battery separator is expected to offer a lucrative opportunity|
|Key Market Drivers||Increase in the number of joint replacement surgeries for knees and hips coupled with an increase in geriatric population|
The ultra-high molecular weight polyethylene market is projected to grow at a 9.5% CAGR between 2022-2030.
The ultra-high molecular weight polyethylene market is predicted to touch USD 3.4 billion by 2030.
North America is expected to lead the ultra-high molecular weight polyethylene market.
Some of the major applications of the ultra-high molecular weight polyethylene include sports and leisure, food and beverage, chemicals, electronics, automotive, military and defense, and healthcare.
Volatile raw material prices and availability of substitutes may limit market growth.