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Ultra-High Molecular Weight Polyethylene - Global Market Trajectory & Analytics

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    Report

  • 424 Pages
  • July 2022
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 5030490

FEATURED COMPANIES

  • Asahi Kasei Corporation
  • Celanese Corporation
  • DuPont de Nemours, Inc.
  • Koninklijke DSM N.V.
  • Nitto Denko Corporation
  • Teijin Limited

Global Ultra-High Molecular Weight Polyethylene Market to Reach $1.8 Billion by 2026


Ultra-high molecular weight polyethylene (UHMWPE) is a class of thermoplastic polyethylene that presents a blend of extraordinary properties for industrial applications. Also popular as high-modulus polyethylene, the material exhibits superior resistance to corrosion and wear, displays low water absorption as well as is self-lubricating and non-sticking. The thermoplastic holds a molecular mass of 3.5-7.5 million amu and features very long polyethylene chains aligning in same direction. The overlapping of molecules or chains strengthens intermolecular interactions and allows the material to carry large loads. The unique structure results in a tough thermoplastic boasting the highest impact strength in its class. The non-toxic, tasteless and odorless material features all properties of high-density polyethylene along with superior resistance to concentrated alkalis and acids and various organic solvents. Several forms of UHMWPE exhibit 17-fold higher abrasion-resistance in comparison to carbon steel. The material`s coefficient of friction is considerably lower as compared to acetal and nylon, and comparable to Teflon. UHMWPE`s polymerization was commercialized during the 1950s, which yields powder materials that can be easily molded into desirable product shapes. Various companies offer processed UHMWPE as fibers and in consolidated form like rods and sheets.

Amid the COVID-19 crisis, the global market for Ultra-High Molecular Weight Polyethylene estimated at US$1.3 Billion in the year 2022, is projected to reach a revised size of US$1.8 Billion by 2026, growing at a CAGR of 7.3% over the analysis period. Sheets, one of the segments analyzed in the report, is projected to record a 7.7% CAGR and reach US$1.1 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Rods & Tubes segment is readjusted to a revised 6.9% CAGR for the next 7-year period.

The U.S. Market is Estimated at $431.3 Million in 2022, While China is Forecast to Reach $189.4 Million by 2026


The Ultra-High Molecular Weight Polyethylene market in the U.S. is estimated at US$431.3 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$189.4 Million by the year 2026 trailing a CAGR of 8.3% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.8% and 6.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 6.8% CAGR.

The market holds a promising outlook on account of steadily increasing demand for these materials from a diverse range of applications and ongoing technological advances that are anticipated to unlock new opportunities in the coming years. Increasing use of high-performance polymers across the automobiles, military and healthcare sectors is expected to benefit the market. These materials are likely to find new applications in the sports equipment, medical and construction industries. In addition, rising construction spending coupled with growth of the healthcare sector and increasing number of sports activities are anticipated to further propel the market growth. The use of UHWMPE in lithium-ion battery separators is likely to present lucrative opportunities to market participants, while the inclination toward hybrid and electric vehicles powered by lithium-ion batteries is estimated to fuel the market growth. Supportive regulations and innovations leading to superior mechanical properties along with high-energy absorption characteristics are expected to boost the market in the coming years.

By End-Use, Healthcare Segment to Reach $784.8 Million by 2026


Global market for Healthcare (End-Use) segment estimated at US$498.5 Million is projected to reach US$784.8 Million by 2026 reflecting a compounded annual growth rate of 8.0% over the analysis period. The United States constitutes the largest regional market for Healthcare segment, accounting for 28.7% of the global sales. Asia-Pacific is poised to register the fastest compounded annual growth rate of 9.2% over the analysis period, to reach US$70.5 Million by the close of the analysis period. Based on their property to shift load, UHMWPE is a perfect fit for medical applications. These materials present a compelling biomaterial for joint replacements and medical devices. The global market for UHMWPE is bound to be stimulated by rising incident of osteoarthritis and joint-related infections, increasing count of joint replacement surgical interventions, and implant loosening. Global demand for medical-grade UHMWPE is anticipated to be further bolstered by rising number of shoulder, ankle and knee replacement surgeries, mainly in developed regions. The material is gaining immense popularity among orthopedic implant makers owing to its biocompatibility, biological stability, low wear, excellent impact resistance and strength-to-weight ratio.

UHMWPE has been commonly used in various medical applications for the past several years. The thermoplastic is used as a biomaterial for spine, hip and knee implants or other implant components. UHMWPE emerged as a popular bearing material option for total hip or knee replacement during the 1970s. There were several efforts to improve clinical performance of UHMWPE before the availability of highly cross-linked UHMWPE materials during the late 1990s. Clinically launched during the 1998, these materials gained extensive acceptance in total hip replacement procedures. Cross-linked with electron or gamma beam radiation and thermally processed for increasing oxidation resistance, these materials offer superior option to traditional UHMWPE solutions for total hip replacement). Researchers are also investigating the use of highly cross-linked UHMWPE materials in knee replacement applications. In 2007, various manufacturers started inducing anti-oxidants such as Vitamin E in UHMWPE for knee and hip arthroplasty bearing surfaces. These anti-oxidants reduce free radicals produced during irradiation and improve oxidation resistance of UHMWPE, eliminating the requirement of thermal treatment. In addition, various companies offer antioxidant-stabilized joint replacement solutions built on synthetic vitamin E and phenol-based antioxidants. UHMWPE fibers have been also used for medical sutures.

Advent of advanced technologies is enabling manufactures to design easy to install and safe orthopedic implants as well as surgical instruments. Introduction of additive manufacturing techniques is assisting companies in designing implants with superior control, precision, and performance features. Polyetheretherketone (PEEK), UHMWPE, 316L, Ti-6Al-4V, and cobalt chromium are primarily used as raw materials for manufacturing orthopedic implants. Owing to their high strength-to-weight ratio, corrosion resistance, and biocompatibility, titanium and titanium alloys account for largest share in the global orthopedic implant market. However, PEEK continues to remain most preferred materials for designing cages utilized for performing lumbar inter-body fusion procedures. With an intention of enhancing bone strength, several manufacturers are using titanium layer for coating PEEK substrates. Increasing application of additive manufacturing techniques is enabling companies to design orthopedic implant with advanced functions and features. Linear polyethylenes, high?density polyethylene (HDPE), and UHMWPE comprises similar molecular structure. However, manufacturers face a lot of difficulties in obtaining HDPE and UHMWPE blends owing to significant differences in their viscosity. Advent of eccentric rotor extruder (ERE) is assisting them in producing high-end HDPE/UHMWPE blends. The novel technique is enabling firms to produce HDPE/UHMWPE blends with superior mechanical features and tensile strength of 151.9 kJ m?2 within a short span of time.

Select Competitors (Total 40 Featured):

  • Asahi Kasei Corporation
  • Braskem S.A
  • Celanese Corporation
  • Crown Plastics Co Inc.
  • DuPont de Nemours, Inc.
  • Emco Industrial Plastics, Inc.
  • Garland Manufacturing Company
  • Honeywell International Inc.
  • King Plastic Corporation
  • Koninklijke DSM N.V.
  • Korea Petro Chemical Ind Co. Ltd.
  • LyondellBasell Industries N.V.
  • Mitsubishi Chemical Advanced Materials AG
  • Mitsui Chemicals, Inc.
  • Nitto Denko Corporation
  • Orthoplastics Ltd.
  • Redwood Plastics and Rubber
  • Röchling Engineering Plastics (India) Pvt. Ltd.
  • Saudi Basic Industries Corporation
  • Shandong Ningjin Xinxing Chemical Co., Ltd.
  • Teijin Limited
  • Toyobo Co., Ltd.

What`s New for 2022?

  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to the digital archives
  • Complimentary updates for one year

FEATURED COMPANIES

  • Asahi Kasei Corporation
  • Celanese Corporation
  • DuPont de Nemours, Inc.
  • Koninklijke DSM N.V.
  • Nitto Denko Corporation
  • Teijin Limited

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • Pandemic Crisis Weakens Economic Environment, Triggering Negative Tide in GDP
  • World Economic Growth Projections (Real GDP, annual % Change) for 2019, 2020 & 2021
  • Global Reduction in CAPEX (in %) by Industry for FY2020
  • Global PMI Index Points for the Years 2018, 2019 & 2020
  • Ultra High Molecular Weight Polyethylene: A Thermoplastic with Amazing Properties
  • Production & Extrusion Processing
  • Ultra High Molecular Weight Polyethylene Market Exudes Immense Growth Potential
  • Intriguing Material Properties Stoke Growth of UHMWPE Market: Outlook
  • End-Use Analysis: Healthcare Occupies Enviable Share
  • World Ultra-High Molecular Weight Polyethylene Market by End-Use Segment (2020 & 2027): Percentage Breakdown of Sales for Healthcare; Aerospace, Defense & Shipping; Mechanical Equipment; Food & Beverage, and Other End-Uses
  • Regional Analysis
  • World Ultra-High Molecular Weight Polyethylene Market by Region (2020 & 2027): Percentage Breakdown of Sales for Developed and Developing Regions
  • World Ultra-High Molecular Weight Polyethylene Market - Geographic Regions Ranked by CAGR (Sales) for 2020-2027
  • Competitive Scenario
  • Recent Market Activity
  • Ultra-High Molecular Weight Polyethylene - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS
  • SELECT GLOBAL BRANDS
3. MARKET TRENDS & DRIVERS
  • Healthcare: Largest End-Use Category
  • Introduction of Innovative UHMWPE Technologies Fuel Demand for Orthopedic Implants
  • Rise in Healthcare Expenditure to Drive Growth
  • World Healthcare Expenditure (In US$ Billion) for the Years 2017-2023
  • Opportunities in Aerospace, Defense & Shipping Sectors
  • Aerospace
  • Massive Negative Impact on Air Travel Leading to Weak Momentum in UHMWP Market: Global Airlines Performance by Region: 2020 Vs 2019
  • Defense
  • Shipping
  • World Seaborne Trade (in Billions of Cargo Ton Miles) for the Years 2015, 2017 and 2019
  • World Cruise Passengers (in Millions) for the Years 2010, 2015 and 2019
  • Food & Beverage: A Growing Market
  • Global Packaged Food Sales in US$ Trillion: 2014-2024
  • Global Packaged Beverages Market by Material Type (2019E): Percentage Share Breakdown by Beverage Volume
  • Global Consumption of Packaged Beverages by Type (2019 & 2025): Percentage Share Breakdown by Volume
  • High Demand for UHMWPE in Mechanical Equipment Vertical
  • Other End-Uses
  • Manufacturing
  • Wires & Cables
  • Research & Developments Key to Market Growth
  • Select Important Innovations
4. GLOBAL MARKET PERSPECTIVEIII. MARKET ANALYSIS
UNITED STATES
  • Ultra-High Molecular Weight Polyethylene Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
  • Market Overview
CANADA
JAPAN
  • Ultra-High Molecular Weight Polyethylene Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)
CHINA
  • Ultra-High Molecular Weight Polyethylene Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
  • Market Overview
EUROPE
  • Ultra-High Molecular Weight Polyethylene Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
  • Market Overview
FRANCE
  • Ultra-High Molecular Weight Polyethylene Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)
GERMANY
  • Ultra-High Molecular Weight Polyethylene Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)
ITALY
UNITED KINGDOM
  • Ultra-High Molecular Weight Polyethylene Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)
SPAINRUSSIAREST OF EUROPE
ASIA-PACIFIC
  • Ultra-High Molecular Weight Polyethylene Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)
AUSTRALIA
  • Ultra-High Molecular Weight Polyethylene Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2022 (E)
INDIA
  • Ultra-High Molecular Weight Polyethylene Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2022 (E)
  • Market Overview
SOUTH KOREAREST OF ASIA-PACIFIC
LATIN AMERICA
  • Ultra-High Molecular Weight Polyethylene Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2022 (E)
ARGENTINABRAZILMEXICOREST OF LATIN AMERICA
MIDDLE EAST
  • Ultra-High Molecular Weight Polyethylene Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2022 (E)
IRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EAST
AFRICA
  • Ultra-High Molecular Weight Polyethylene Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2022 (E)
IV. COMPETITION
  • Total Companies Profiled: 40

A selection of companies mentioned in this report includes:

  • Asahi Kasei Corporation
  • Braskem S.A
  • Celanese Corporation
  • Crown Plastics Co Inc.
  • DuPont de Nemours, Inc.
  • Emco Industrial Plastics, Inc.
  • Garland Manufacturing Company
  • Honeywell International Inc.
  • King Plastic Corporation
  • Koninklijke DSM N.V.
  • Korea Petro Chemical Ind Co. Ltd.
  • LyondellBasell Industries N.V.
  • Mitsubishi Chemical Advanced Materials AG
  • Mitsui Chemicals, Inc.
  • Nitto Denko Corporation
  • Orthoplastics Ltd.
  • Redwood Plastics and Rubber
  • Röchling Engineering Plastics (India) Pvt. Ltd.
  • Saudi Basic Industries Corporation
  • Shandong Ningjin Xinxing Chemical Co., Ltd.
  • Teijin Limited
  • Toyobo Co., Ltd.