Ultra-High Molecular Weight Polyethylene Market by Form (Sheets, Rods & Tubes, Fibers, Films, Tapes), End-Use Industry (Aerospace, Defense & Shipping, Healthcare & Medical, Mechanical Equipment, Food & Beverages), Region - Global Forecast to 2025
[177 Pages Report] In 2020, the ultra-high molecular weight polyethylene (UHMW PE) market is estimated at USD 1.4 billion and is projected to reach USD 2.2 billion by 2025, at a CAGR of 9.4% from 2020 to 2025. The major drivers for the market include increased demand for UHMW PE from the aerospace & defense industry and increased demand for orthopedic implants. However, the availability of substitute act as a challenge for the manufacturers and can hamper the market growth. Currently, there is a demand for flexible and ultra-lightweight fibers for armor and ballistic protection, which can offer high resistance to flex fatigue, vibration damping, and abrasion resistance in comparison to traditional fibers.
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Based on form, the sheets segment is projected to lead the market, during the forecast period
On the basis of form, the sheets segment is estimated to account for the largest share of the UHMW PE market in 2019. This large share is mainly attributed to the extensive use of UHMW PE sheets in the mechanical equipment industry. The segment is also anticipated to grow at a higher CAGR from 2020-2025, owing to the increasing demand from the healthcare & medical end-use industry. The demand for sheets is also high in food production units, wherein large volumes of containers such as cans or bottles need to be guided along conveyors or production lines. These sheets are used in marine applications due to their low moisture absorption. UHMW PE is used in cryogenic components, due to its low operating temperature abilities.
Based on end-use industry, healthcare & medical segment is projected to grow at the highest CAGR in UHMW PE market during 2020-2025
Increasing demand for UHMW PE by the healthcare & medical industry is expected to drive the market across regions. The decline in the age group of people undergoing knee and hip surgeries, the demand for UHMW PE has increased in the healthcare & medical industry. UHMW PE possesses the basic requirements for any medical implant material, which includes biological stability, biocompatibility, toughness, high creep resistance, low friction, and low wear.
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Asia Pacific is expected to witness the highest growth in the UHMW PE market during the forecast period
Asia Pacific is expected to be the fastest-growing market, owing to the continuous investments for the advancement in the medical sector. UHMW PE is majorly being used in orthopedic plants because of its properties. The growth of the medical industry in Asia Pacific is one of the reasons leading to an increase in the demand for UHMW PE. UHMW PE is also being used in mechanical equipment. The outbreak of COVID-19 has affected countries such as China, Japan, and India. China is the epicenter of this lethal disease. Companies are facing short-term operational issues due to supply chain constraints and lack of site access due to this outbreak.
Key Market Players
Major companies such as Celanese Corporation (US), Koninklijke DSM N.V. (Netherlands), LyondellBasell Industries N.V. (Netherlands), Braskem S.A (Brazil), Asahi Kasei Corporation, (Japan) Du Pont De Nemours Inc. (US), Saudi Arabia Basic Industries Corporation (Saudi Arabia), Mitsui Chemicals, Inc. (Japan), Honeywell International, Inc. (US), and Teijin Limited (Japan) and others are key players in the UHMW PE market. These players have been focusing on developmental strategies, such as expansions, acquisitions, partnerships, joint veture, and new product developments, which have helped them expand their businesses in untapped and potential markets.
Scope Of The Report:
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Report Metric |
Details |
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Market size available for years |
2018–2025 |
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Base year considered |
2019 |
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Forecast period |
2020–2025 |
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Forecast units |
Value (USD Million) and Volume (Tons) |
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Segments covered |
Form, End-Use Industry and Region |
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Regions covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
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Companies covered |
Major companies such as Celanese Corporation (US), Koninklijke DSM N.V. (Netherlands), LyondellBasell Industries N.V. (Netherlands), Braskem S.A (Brazil), Asahi Kasei Corporation, (Japan) Du Pont De Nemours Inc. (US), Saudi Arabia Basic Industries Corporation (Saudi Arabia), Mitsui Chemicals, Inc. (Japan), Honeywell International, Inc. (US), and Teijin Limited (Japan) and others are key players in the UHMW PE market |
On the basis of form, the UHMW PE market is segmented as follows:
- Sheets
- Rods & Tubes
- Fibers
- Films
- Tapes
- Others (Powder and Granules)
On the basis of End-Use Industry, the UHMW PE market is segmented as follows:
- Aerospace, Defense & Shipping
- Healthcare & Medical
- Mechanical Equipment
- Food & Beverages
- Others (Chemicals, Sports & Lifestyle, And Electronics)
On the basis of Region, the UHMW PE market is segmented as follows:
- North America
- Asia Pacific
- Europe
- Middle East & Africa
- South America
Recent Developments
- In July 2019, DSM acquired majority shares of ICD, a UHMW PE fiber manufacturer in China. The acquisition of the majority share in ICD will bring complementary manufacturing and technology assets to DSM and will strengthen the company’s presence in this UHMW PE market.
- In July 2019, DSM introduced Dyneema Purity Black fiber, the first black medical-grade UHMW PE fiber. The fiber builds are expected to be 15 times stronger than steel, has a small profile, high pliability, and biocompatibility
- In August 2018, Mitsui Chemicals, Inc expanded production facilities to manufacture HI-ZEX ultra-high molecular weight polyethylene in response to the growing demand for automotive and industrial batteries. This expansion helped the company's production capacity for HI-ZEX MILLION by about 15% to 8,500 tons per year.
- In April 2018, Celanese Corporation announced the addition of a new GUR ultra-high molecular weight polyethylene (UHMW PE) production line at its Nanjing, China manufacturing facility to support the growth in its engineered materials business, specifically the electric vehicle market.
Frequently Asked Questions (FAQ):
What is UHMW PE?
Ultra-high molecular weight polyethylene (UHMW PE) is a thermoplastic having long chains of polyethylene, and a molecular weight of 2-6 million grams per mole. It is synthesized by attaching the monomers of ethylene. During the manufacturing process, UHMW PE can be produced with different molecular weight, bulk densities, average particle size, and particle size distribution. It is widely used in the aerospace, defense & shipment, healthcare & medical, mechanical equipment, and food & beverages end-use industries.
What is the major forms of UHMW PE?
Based on form, the UHMW PE market is segmented into sheets, rods & tubes, fibers, films, tapes, and others. Other forms include powder and granules. In terms of value, the sheets segment accounted for the largest share
What are the major driving factors for UHMW PE?
Increasing demand from the aerospace & defense industry and Increased demand for orthopedic implants are major driving factors for UHMW PE market.
What is major industry that uses UHMW PE?
Mechanical equipment was the largest segment of the UHMW PE market. UHMW PE is widely used in machine equipment across industries such as textiles, paper & pulp, foods & beverages, packaging, power, cement, chemical, minerals & metals, agriculture, and logistics & transportation. UHMW PE also helps to enhance surface lubricity, which leads to the free movement of machine components, thereby reducing jamming from dirt, grit, or static build-up.
Who are the leading UHMW PE provider in the world?
Major companies such as Celanese Corporation (US), Koninklijke DSM N.V. (Netherlands), LyondellBasell Industries N.V. (Netherlands), Braskem S.A (Brazil), Asahi Kasei Corporation, (Japan) Du Pont De Nemours Inc. (US), Saudi Arabia Basic Industries Corporation (Saudi Arabia), Mitsui Chemicals, Inc. (Japan), Honeywell International, Inc. (US), and Teijin Limited (Japan) and others are key players in the UHMW PE market. .
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TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 15)
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.3 MARKET SCOPE
1.3.1 MARKETS COVERED
1.3.2 YEARS CONSIDERED FOR THE STUDY
1.4 CURRENCY & PRICING
1.5 LIMITATIONS
1.6 STAKEHOLDERS
2 RESEARCH METHODOLOGY (Page No. - 19)
2.1 RESEARCH DATA
2.1 RESEARCH DATA
2.1.1 SECONDARY DATA
2.1.1.1 KEY DATA FROM SECONDARY SOURCES
2.1.2 PRIMARY DATA
2.1.2.1 KEY DATA FROM PRIMARY SOURCES
2.1.2.2 KEY INDUSTRY INSIGHTS
2.1.2.3 BREAKDOWN OF PRIMARIES
2.2 MARKET SIZE ESTIMATION
2.2.1 BOTTOM-UP APPROACH
2.2.2 TOP DOWN APPROACH
2.3 MARKET BREAKDOWN & DATA TRIANGULATION
2.4 RESEARCH ASSUMPTIONS
3 EXECUTIVE SUMMARY (Page No. - 28)
4 PREMIUM INSIGHTS (Page No. - 33)
4.1 ATTRACTIVE OPPORTUNITIES IN THE GLOBAL UHMW PE MARKET
4.2 GLOBAL UHMW PE MARKET, BY REGION
4.3 GLOBAL UHMW PE MARKET, BY FORM
5 MARKET OVERVIEW (Page No. - 36)
5.1 INTRODUCTION
5.1.1 DRIVERS
5.1.1.1 Increasing orthopedic implants in European and American countries
5.1.2 RESTRAINTS
5.1.2.1 Volatile prices of raw materials
5.1.3 OPPORTUNITIES
5.1.3.1 Compliance with various legal and administrative bodies
5.1.3.2 Increasing demand for ballistic protection products
5.2 CHALLENGES
5.2.1.1 Development of substitutes in medical applications
5.3 PORTER’S FIVE FORCES ANALYSIS
5.3.1 THREAT OF NEW ENTRANTS
5.3.2 BARGAINING POWER OF BUYERS
5.3.3 THREAT OF SUBSTITUTES
5.3.4 BARGAINING POWER OF SUPPLIERS
5.3.5 INTENSITY OF COMPETITIVE RIVALRY
5.4 MACROECONOMIC INDICATORS
5.4.1 DEMAND OUTLOOK FOR PLASTIC INDUSTRY
5.4.2 TRENDS AND FORECAST OF CONTRIBUTION OF POLYMER INDUSTRY TO GDP
5.5 INDUSTRY OUTLOOK
5.6 NORTH AMERICA IS THE LARGEST MARKET FOR THE HEALTHCARE & MEDICAL SEGMENT
5.7 GLOBAL UHMW PE MARKET: EMERGING & DEVELOPED COUNTRIES
6 UHMW PE MARKET, BY FORM (Page No. - 53)
6.1 INTRODUCTION
6.1.1 SHEETS
6.1.2 RODS & TUBES
6.1.2 FIBERS
6.1.2 FILMS
6.1.2 TAPES
6.1.3 OTHERS
7 UHMW PE MARKET, BY END-USE INDUSTRY (Page No. - 62)
7.1 INTRODUCTION
7.2 HEALTHCARE & MEDICAL
7.3 AEROSPACE, DEFENSE, & SHIPPING
7.4 MECHANICAL EQUIPMENT
7.5 FOOD & BEVERAGES
7.6 OTHERS
8 UHMW PE MARKET, BY REGION (Page No. - 74)
8.1 INTRODUCTION
8.2 NORTH AMERICA
8.2.1 U.S.
8.2.2 CANADA
8.2.3 MEXICO
8.3 EUROPE
8.3.1 GERMANY
8.3.2 FRANCE
8.3.3 RUSSIA
8.3.4 U.K.
8.3.5 ITALY
8.3.6 BELGIUM
8.3.7 SPAIN
8.3.8 REST OF EUROPE
8.4 ASIA-PACIFIC
8.4.1 CHINA
8.4.2 JAPAN
8.4.3 INDIA
8.4.4 SOUTH EAST ASIA
8.4.5 SOUTH KOREA
8.4.6 REST OF ASIA-PACIFIC
8.5 MIDDLE EAST & AFRICA
8.5.1 SAUDI ARABIA
8.5.2 UAE
8.5.3 SOUTH AFRICA
8.5.4 IRAN
8.5.5 REST OF MIDDLE EAST & AFRICA
8.6 SOUTH AMERICA
8.6.1 BRAZIL
8.6.2 ARGENTINA
8.6.3 REST OF SOUTH AMERICA
9 COMPETITIVE LANDSCAPE DIVE, UHMW PE MARKET (Page No. - 118)
9.1 INTRODUCTION
9.1.1 DYNAMICS
9.1.2 INNOVATORS
9.1.3 VANGUARDS
9.1.4 EMERGING
9.2 OVERVIEW
9.3 PRODUCT OFFERINGS (FOR ALL 25 PLAYERS)
9.4 BUSINESS STRATEGY (FOR ALL 25 PLAYERS)
10 COMPETITIVE LANDSCAPE (Page No. - 123)
11 COMPANY PROFILES (Page No. - 124)
11.1 BRASKEM S.A.
11.1.1 BUSINESS OVERVIEW
11.1.2 PRODUCTS & SERVICES OFFERED
11.1.3 RECENT DEVELOPMENTS
11.1.4 COMPANY SCORECARD
11.1.5 PRODUCT OFFERING
11.1.6 BUSINESS STRATEGY
11.2 CELANESE CORPORATION
11.2.1 BUSINESS OVERVIEW
11.2.2 PRODUCTS & SERVICES
11.2.3 RECENT DEVELOPMENTS
11.2.4 COMPANY SCORECARD
11.2.5 PRODUCT OFFERING
11.2.6 BUSINESS STRATEGY
11.3 LYONDELLBASELL INDUSTRIES N.V.
11.3.1 BUSINESS OVERVIEW
11.3.2 PRODUCTS & SERVICES
11.3.3 COMPANY SCORECARD
11.3.4 PRODUCT OFFERING
11.3.5 BUSINESS STRATEGY
11.4 KONINKLIJKE DSM N.V.
11.4.1 BUSINESS OVERVIEW
11.4.2 PRODUCTS & SERVICES
11.4.3 RECENT DEVELOPMENTS
11.4.4 COMPANY SCORECARD
11.4.5 PRODUCT OFFERING
11.4.6 BUSINESS STRATEGY
11.5 ASAHI KASEI CORPORATION
11.5.1 BUSINESS OVERVIEW
11.5.2 PRODUCTS & SERVICES
11.5.3 COMPANY SCORECARD
11.5.4 PRODUCT OFFERING
11.5.5 BUSINESS STRATEGY
11.6 MITSUI CHEMICALS, INC.
11.6.1 BUSINESS OVERVIEW
11.6.2 PRODUCTS & SERVICES
11.6.3 COMPANY SCORECARD
11.6.4 PRODUCT OFFERING
11.6.5 BUSINESS STRATEGY
11.7 SAUDI BASIC INDUSTRIES CORPORATION
11.7.1 BUSINESS OVERVIEW
11.7.2 PRODUCTS & SERVICES OFFERED
11.7.3 RECENT DEVELOPMENTS
11.7.4 COMPANY SCORECARD
11.7.5 PRODUCT OFFERING
11.7.6 BUSINESS STRATEGY
11.8 E. I. DU PONT DE NEMOURS AND COMPANY
11.8.1 BUSINESS OVERVIEW
11.8.2 PRODUCTS & SERVICES
11.8.3 RECENT DEVELOPMENTS
11.8.4 COMPANY SCORECARD
11.8.5 PRODUCT OFFERING
11.8.6 BUSINESS STRATEGY
11.9 HONEYWELL INTERNATIONAL INC.
11.9.1 BUSINESS OVERVIEW
11.9.2 PRODUCTS & SERVICES
11.9.3 RECENT DEVELOPMENTS
11.9.4 COMPANY SCORECARD
11.9.5 PRODUCT OFFERING
11.9.6 BUSINESS STRATEGY
11.10 TOYOBO CO., LIMITED
11.10.1 BUSINESS OVERVIEW
11.10.2 PRODUCTS & SERVICES OFFERED
11.10.3 RECENT DEVELOPMENTS
11.10.4 COMPANY SCORECARD
11.10.5 PRODUCT OFFERING
11.10.6 BUSINESS STRATEGY
11.11 TEIJIN LIMITED
11.11.1 BUSINESS OVERVIEW
11.11.2 PRODUCTS & SERVICES OFFERED
11.11.3 COMPANY SCORECARD
11.11.4 PRODUCT OFFERING
11.11.5 BUSINESS STRATEGY
11.12 ROCHLING ENGINEERING PLASTICS PVT. LTD.
11.12.1 BUSINESS OVERVIEW
11.12.2 PRODUCTS & SERVICES OFFERED
11.12.3 RECENT DEVELOPMENTS
11.12.4 COMPANY SCORECARD
11.12.5 PRODUCT OFFERING
11.12.6 BUSINESS STRATEGY
11.13 QUADRANT ENGINEERING PLASTIC PRODUCTS
11.13.1 BUSINESS OVERVIEW
11.13.2 PRODUCTS & SERVICES OFFERED
11.13.3 RECENT DEVELOPMENTS
11.14 CROWN PLASTICS COMPANY, INC
11.14.1 BUSINESS OVERVIEW
11.14.2 PRODUCTS & SERVICES
11.15 REDWOOD PLASTICS
11.15.1 BUSINESS OVERVIEW
11.15.2 PRODUCTS & SERVICES OFFERED
11.16 KING PLASTIC CORPORATION
11.16.1 BUSINESS OVERVIEW
11.16.2 PRODUCTS & SERVICES
11.17 GARLAND MANUFACTURING COMPANY
11.17.1 BUSINESS OVERVIEW
11.17.2 PRODUCTS & SERVICES
11.18 KOREA PETROCHEMICAL IND. CO., LTD
11.18.1 BUSINESS OVERVIEW
11.18.2 PRODUCTS & SERVICES
11.19 ORTHOPLASTICS
11.19.1 BUSINESS OVERVIEW
11.19.2 PRODUCTS & SERVICES
11.20 CP MEDICAL, INC.
11.20.1 BUSINESS OVERVIEW
11.20.2 PRODUCTS & SERVICES
11.20.3 STRENGTHS AND WEAKNESSES
11.21 EMCO INDUSTRIAL PLASTICS, INC.
11.21.1 BUSINESS OVERVIEW
11.21.2 PRODUCTS & SERVICES
11.22 GLOBAL POLYMERS
11.22.1 BUSINESS OVERVIEW
11.22.2 PRODUCTS & SERVICES
11.23 SHANGHAI LIANLE CHEMICAL INDUSTRY SCIENCE AND TECHNOLOGY CO. LTD
11.23.1 BUSINESS OVERVIEW
11.23.2 PRODUCTS & SERVICES
11.24 NITTO DENKO CORPORATION
11.24.1 BUSINESS OVERVIEW
11.24.2 PRODUCTS & SERVICES
11.25 SHANDONG NINGJIN XINXING CHEMICAL CO., LTD.
11.25.1 BUSINESS OVERVIEW
11.25.2 PRODUCTS & SERVICES
12 APPENDIX (Page No. - 168)
12.1 DISCUSSION GUIDE
12.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
12.3 INTRODUCING RT: REAL TIME MARKET INTELLIGENCE
12.4 AVAILABLE CUSTOMIZATIONS
12.5 RELATED REPORTS
The study involved four major activities in estimating the current market size for ultra-high molecular weight polyethylene (UHMW PE). Exhaustive secondary research was carried out to collect information on the market, peer markets, and the parent market. The next step was to validate the findings obtained from secondary sources, assumptions, and sizing with industry experts across the value chain through primary research. Both, the top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, the market breakdown and data triangulation procedures were used to estimate the market size of segments and subsegments.
Secondary Research
This research study involved the extensive use of secondary sources, directories, and databases, such as Forbes, Bloomberg, Businessweek, and Factiva to identify and collect information useful for this technical, market-oriented, and commercial study of the UHMW PE market. Other secondary sources included annual reports, press releases & investor presentations of companies, whitepapers, certified publications, articles by recognized authors, gold standard & silver standard websites, associations, regulatory bodies, trade directories, and databases.
Primary Research
The UHMW PE market comprises stakeholders such as producers, suppliers, and distributors, and regulatory organizations in the supply chain. The demand side of this market is characterized by developments in end-use industries such as aerospace, defense & shipping, mechanical equipment, healthcare & medical and food & beverages and others. The supply side is characterized by market consolidation activities undertaken by UHMW PE manufacturers. Several primary sources from the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Following is the breakdown of primary respondents.
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Market Size Estimation:
Both, the top-down and bottom-up approaches were used to estimate and validate the total size of the UHMW PE market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size included the following:
- Key players in the industry and markets were identified through extensive secondary research.
- The industry’s supply chain and market size, in terms of volume, were determined through primary and secondary research processes.
- All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
Data Triangulation:
After arriving at the overall market size—using the market size estimation process explained above—the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both, the demand and supply sides.
Report Objectives:
- To define, describe, and forecast the market size for UHMW PE, in terms of value and volume
- To define, describe, and forecast the size of the UHMW PE market based on form, end-use industry, and region
- To provide detailed information regarding the major factors (drivers, restraints, opportunities, and challenges) influencing the market growth
- To forecast the size of the various segments of the UHMW PE market based on five regions—North America, Asia Pacific, Europe, South America, and the Middle East & Africa, along with key countries in each of these regions
- To analyze the opportunities in the market for stakeholders and present a competitive landscape for the market leaders
- To analyze recent developments undertaken by the players operating in the UHMW PE market
- To strategically profile the key players in the market and comprehensively analyze their core competencies
Available Customizations
With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:
FormAnalysis
- A further breakdown of the form segments of the UHMW PE market with respect to a particular application
End –use industry application Analysis
- A further breakdown of the end-use industry application segments of the UHMW PE market with respect to a particular country
Company Information
- Detailed analysis and profiles of additional market players (up to 5)
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Growth opportunities and latent adjacency in Ultra-High Molecular Weight Polyethylene Market