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Global Ultra-High Molecular Weight Polyethylene Market, By Form, By Application, By End-Use Industry, By Region, Estimation & Forecast, 2016 - 2026

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    Report

  • 217 Pages
  • September 2021
  • Region: Global
  • Astute Analytica
  • ID: 5456936

Global Ultra-High Molecular Weight Polyethylene Market is Forecasted to Grow at a CAGR of 13.4% During the Forecast Period 2016-2026

The global Ultra-High Molecular Weight Polyethylene (UHMWPE) market accounted for a market value of USD 1,795.8 Million in 2020 and is forecasted to reach USD 3,815.1 Million by the year 2026. The market is anticipated to register a CAGR of 13.4% during the projected period. The amount of UHMWPE sold in 2020 was 134.13 kilo tons.



Ultra-High Molecular Weight Polyethylene is also known as high-modulus polyethylene and is a subset of the thermoplastic polyethylene. The increasing geriatric population coupled with increased demand for orthopaedic implants is expected to boost the market growth. Furthermore, high range of applications of UHMWPE and rising demand for electric vehicles is also anticipated to drive the market growth.

However, the presence of substitutes such as polyoxymethylene, urethane, fluorpolymers, and polycarbonate is likely to negatively hamper the market growth. Moreover, the volatile prices of raw material coupled with low melting point and unsuitability for high load applications are also expected to hinder the market growth.

Growth Influencers:


Increasing geriatric population coupled with increased demand for orthopaedic implants

The usage of ultra-high molecular weight polyethylene in the medical industry for manufacturing of orthopaedic implants is increasing, as the material is wear-resistant, highly biocompatible, and ductile. Therefore, growing demand for orthopaedic implants owing to high prevalence of orthopaedic disorders and rising geriatric population is boosting the demand for UHMWPE, hence fueling the market growth during the forecast period.

Segments Overview:


The global Ultra-High Molecular Weight Polyethylene market is segmented based on the form, application, and end-user industry.

By Form

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

The sheets segment is expected to hold the largest market share of about 33% owing to increasing usage of UHMWPE sheets in the mechanical equipment industry. Furthermore, the rods and tubes segment is expected to grow at a CAGR of about 13.4% owing to its high demand in the medical device, water filtration, and food & beverages industry, among others. The tapes segment is anticipated to account for a market volume of about 10.71 kilo tons in 2025.

By Application

  • Medical grade & prosthetics
  • Food processing machinery parts
  • Water treatment
  • Wear strips and guide rails
  • Packaging machinery parts
  • Bumpers, pile guards, and dock fenders
  • High speed conveyors
  • Star wheels and idler sprockets
  • Chute, hopper, and truck bed liners
  • Batteries
  • Others

The medical grade and prosthetics segment is estimated to account for the largest market share of about 26% owing to increasing adoption of UHMWPE to manufacture more durable medical implants. The water treatment segment is expected to witness a growth rate of 13.1%. The high speed conveyors segment is anticipated to hit a market volume of around 20.4 kilo tons by 2026.

By End-User Industry

  • Healthcare & Medical
  • Aerospace, Defense & Shipping
  • Oil and Gas
  • Automotive and Transportation
  • Electronics
  • Fibers and Textiles
  • Sports & Leisure
  • Industrial and Heavy Equipment
  • Recreation and Consumer
  • Pipe and Mining
  • Material Handling
  • Water Filtration
  • Food & Beverages
  • Chemical
  • Others

The industrial and heavy equipment segment held the largest market share of about 15% owing to increasing demand of UHMWPE in this industry. The oil and gas segment is estimated to hit a market size of around USD 203 million in 2024. Furthermore, the water filtration segment is anticipated to account for 4.47 kilo tons of UHMWPE consumed in 2023.

Regional Overview:


Based on region, the global Ultra-High Molecular Weight Polyethylene market is classified into Europe, North America, Asia Pacific, Middle East & Africa, and South America.

The North America segment is expected to account for a market share of around 33% owing to rising defense and military budget for manufacturing lightweight helmets and bulletproof vests. Asia Pacific is estimated to witness the fastest growth rate owing to the rapidly developing medical devices and automotives industry in the region. Europe is anticipated to surpass a market volume of around 53 kilo tons by 2024 owing to the focus of many major players on the European countries.

Competitive Landscape:


Key players operating in the global Ultra-High Molecular Weight Polyethylene market include Celanese Corporation, The Mitsubishi Chemical Advanced Materials Group of Companies, LyondellBasell Industries B.V., Dow, Inc., Braskem S.A., Mitsui Chemicals, Asahi Kasei Advance Corporation, Crown Plastics Co. Inc., Global Polymers, Garland Manufacturing, Dotmar EPP Pty. Ltd, Redwood Plastics & Rubber, A&C Plastics, and Roechling Engineering Plastics Pte Ltd, among others.

These market players are involved in collaborations, mergers & acquisitions, and new product launches to strengthen their market presence. For instance, in June 2021, Mitsubishi Chemical Advanced Materials launched a new group of thermoplastic polymers, the VMX portfolio, which are metal, visually, and X-Ray detectable. The products include Ketron VMX PEEK, Acetron VMX POM-C, TIVAR VMX UHMW-PE, and Nylatron VMX PA6. All these products were available for sale in North America from 1st August 2021 and in Europe from 14th June 2021.

The global Ultra-High Molecular Weight Polyethylene market report provides insights on the below pointers:

  • Market Penetration: Provides comprehensive information on the market offered by the prominent players
  • Market Development: The report offers detailed information about lucrative emerging markets and analyzes penetration across mature segments of the markets
  • Market Diversification: Provides in-depth information about untapped geographies, recent developments, and investments
  • Competitive Landscape Assessment: Mergers & acquisitions, certifications, product launches in the global Ultra-High Molecular Weight Polyethylene market have been provided in this research report. In addition, the report also emphasizes the SWOT analysis of the leading players.
  • Product Development & Innovation: The report provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The global Ultra-High Molecular Weight Polyethylene market report answers questions such as:

  • What is the market size and forecast of the Global Ultra-High Molecular Weight Polyethylene Market?
  • What are the inhibiting factors and impact of COVID-19 on the Global Ultra-High Molecular Weight Polyethylene Market during the assessment period?
  • Which are the products/segments/applications/areas to invest in over the assessment period in the Global Ultra-High Molecular Weight Polyethylene Market?
  • What is the competitive strategic window for opportunities in the Global Ultra-High Molecular Weight Polyethylene Market?
  • What are the technology trends and regulatory frameworks in the Global Ultra-High Molecular Weight Polyethylene Market?
  • What is the market share of the leading players in the Global Ultra-High Molecular Weight Polyethylene Market?
  • What modes and strategic moves are considered favorable for entering the Global Ultra-High Molecular Weight Polyethylene Market?
Frequently Asked Questions about the Global Ultra-High Molecular Weight Polyethylene Market

What is the estimated value of the Global Ultra-High Molecular Weight Polyethylene Market?

The Global Ultra-High Molecular Weight Polyethylene Market was estimated to be valued at $1795.8 Million in 2020.

What is the growth rate of the Global Ultra-High Molecular Weight Polyethylene Market?

The growth rate of the Global Ultra-High Molecular Weight Polyethylene Market is 13.4%, with an estimated value of $3815.1 Million by 2026.

What is the forecasted size of the Global Ultra-High Molecular Weight Polyethylene Market?

The Global Ultra-High Molecular Weight Polyethylene Market is estimated to be worth $3815.1 Million by 2026.

Who are the key companies in the Global Ultra-High Molecular Weight Polyethylene Market?

Key companies in the Global Ultra-High Molecular Weight Polyethylene Market include Celanese Corporation, The Mitsubishi Chemical Advanced Materials Group of Companies, LyondellBasell Industries B.V., Dow, Inc., Braskem S.A., Mitsui Chemicals, Asahi Kasei Advance Corporation, Crown Plastics Co. Inc., Global Polymers and Garland Manufacturing.

Table of Contents

Chapter 1. Research Framework
1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation
Chapter 2. Research Methodology
2.1. Qualitative Research
2.1.1. Primary & Secondary Sources
2.2. Quantitative Research
2.2.1. Primary & Secondary Sources
2.3. Breakdown of Primary Research Respondents, By Industry Participants
2.4. Assumption for the Study
2.5. Market Size Estimation
2.6. Data Triangulation
Chapter 3. Executive Summary: Global Ultra-High Molecular Weight Polyethylene Market
Chapter 4. Global Ultra-High Molecular Weight Polyethylene Market Overview
4.1. Industry Value Chain Analysis
4.1.1. Raw Material Provider
4.1.2. Manufacturer/Producer
4.1.3. Distributors
4.1.4. End User
4.2. Industry Outlook
4.3. PEST Analysis
4.4. Porter's Five Forces Analysis
4.4.1. Bargaining Power of Suppliers
4.4.2. Bargaining Power of Buyers
4.4.3. Threat of Substitutes
4.4.4. Threat of New Entrants
4.4.5. Degree of Competition
4.5. Market Dynamics and Trends
4.5.1. Growth Drivers
4.5.2. Restraints
4.5.3. Challenges
4.5.4. Key Trends
4.6. Covid-19 Impact Assessment on Market Growth Trend
4.6.1. Growth Trend Shift Analysis
4.6.2. Industry Best Practices
4.7. Market Growth and Outlook
4.7.1. Market Revenue Estimates and Forecast (US$ Mn), 2016-2026
4.7.2. Market Volume Estimates and Forecast (MMT), 2016-2026
4.7.3. Price Trend Analysis
4.8. Competition Dashboard
4.8.1. Market Concentration Rate
4.8.2. Company Market Share Analysis (Value %), 2020
4.8.3. Competitor Mapping
Chapter 5. Ultra-High Molecular Weight Polyethylene Market Analysis, By Form
5.1. Key Insights
5.2. Market Size and Forecast, 2016 - 2026 (US$ Mn)
5.2.1. Sheets
5.2.2. Rods & Tubes
5.2.3. Fibres
5.2.4. Films
5.2.5. Tapes
5.2.6. Others
Chapter 6. Ultra-High Molecular Weight Polyethylene Market Analysis, By End Use Industry
6.1. Key Insights
6.2. Market Size and Forecast, 2016 - 2026 (US$ Mn)
6.2.1. Healthcare & Medical
6.2.2. Aerospace, Defense & Shipping
6.2.3. Oil and Gas
6.2.4. Automotive and Transportation
6.2.5. Electronics
6.2.6. Fibers and Textiles
6.2.7. Sports & Leisure
6.2.8. Industrial and Heavy Equipment
6.2.9. Recreation and Consumer
6.2.10. Pipe and Mining
6.2.11. Material Handling
6.2.12. Water Filtration
6.2.13. Food & Beverages
6.2.14. Chemical
6.2.15. Others
Chapter 7. Ultra-High Molecular Weight Polyethylene Market Analysis, By Application
7.1. Key Insights
7.2. Market Size and Forecast, 2016 - 2026 (US$ Mn)
7.2.1. Medical Grade & Prosthetics
7.2.2. Food processing machinery parts
7.2.3. Water treatment
7.2.4. Wear strips and guide rails
7.2.5. Packaging machinery parts
7.2.6. Bumpers, pile guards, and dock fenders
7.2.7. High speed conveyors
7.2.8. Star wheels and idler sprockets
7.2.9. Chute, hopper, and truck bed liners
7.2.10. Batteries
7.2.11. Others
Chapter 8. Ultra-High Molecular Weight Polyethylene Market Analysis, By Region/Country
8.1. Key Insights
8.2. Market Size and Forecast, 2016 - 2026 (US$ Mn)
8.2.1. North America
8.2.1.1. The U.S.
8.2.1.2. Canada
8.2.1.3. Mexico
8.2.2. Europe
8.2.2.1. Western Europe
8.2.2.1.1. The UK
8.2.2.1.2. Germany
8.2.2.1.3. France
8.2.2.1.4. Italy
8.2.2.1.5. Spain
8.2.2.1.6. Rest of Western Europe
8.2.2.2. Eastern Europe
8.2.2.2.1. Poland
8.2.2.2.2. Russia
8.2.2.2.3. Rest of Eastern Europe
8.2.3. Asia Pacific
8.2.3.1. China
8.2.3.2. India
8.2.3.3. Japan
8.2.3.4. Australia & New Zealand
8.2.3.5. ASEAN
8.2.3.6. Rest of Asia Pacific
8.2.4. Middle East & Africa (MEA)
8.2.4.1. UAE
8.2.4.2. Saudi Arabia
8.2.4.3. South Africa
8.2.4.4. Rest of MEA
8.2.5. South America
8.2.5.1. Brazil
8.2.5.2. Argentina
8.2.5.3. Rest of South America
Chapter 9. North America Ultra-High Molecular Weight Polyethylene Market Analysis
9.1. Key Insights
9.2. Market Size and Forecast, 2016 - 2026 (US$ Mn)
9.2.1. By Form
9.2.2. By End User Industry
9.2.3. By Application
9.2.4. By Country
Chapter 10. Europe Ultra-High Molecular Weight Polyethylene Market Analysis
10.1. Key Insights
10.2. Market Size and Forecast, 2016 - 2026 (US$ Mn)
10.2.1. By Form
10.2.2. By End User Industry
10.2.3. By Application
10.2.4. By Country
Chapter 11. Asia Pacific Ultra-High Molecular Weight Polyethylene Market Analysis
11.1. Key Insights
11.2. Market Size and Forecast, 2016 - 2026 (US$ Mn)
11.2.1. By Form
11.2.2. By End User Industry
11.2.3. By Application
11.2.4. By Country
Chapter 12. Middle East Ultra-High Molecular Weight Polyethylene Market Analysis
12.1. Key Insights
12.2. Market Size and Forecast, 2016 - 2026 (US$ Mn)
12.2.1. By Form
12.2.2. By End User Industry
12.2.3. By Application
12.2.4. By Country
Chapter 13. Africa Ultra-High Molecular Weight Polyethylene Market Analysis
13.1. Key Insights
13.2. Market Size and Forecast, 2016 - 2026 (US$ Mn)
13.2.1. By Form
13.2.2. By End User Industry
13.2.3. By Application
13.2.4. By Country
Chapter 14. South America Ultra-High Molecular Weight Polyethylene Market Analysis
14.1. Key Insights
14.2. Market Size and Forecast, 2016 - 2026 (US$ Mn)
14.2.1. By Form
14.2.2. By End User Industry
14.2.3. By Application
14.2.4. By Country
Chapter 15. Company Profile (Company Overview, Financial Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact Address, and Business Strategy Outlook)*
15.1 Celanese Corporation
15.2 The Mitsubishi Chemical Advanced Materials Group of Companies
15.3 LyondellBasell Industries B.V.
15.4 Dow, Inc.
15.5 Braskem S.A.
15.6 Mitsui Chemicals
15.7 Asahi Kasei Advance Corporation
15.8 Crown Plastics Co. Inc.
15.9 Global Polymers
15.1 Garland Manufacturing
15.11 Dotmar EPP Pty. Ltd.
15.12 Redwood Plastics & Rubber
15.13 A&C Plastics
15.14 Roechling Engineering Plastics Pte Ltd

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Celanese Corporation
  • The Mitsubishi Chemical Advanced Materials Group of Companies
  • LyondellBasell Industries B.V.
  • Dow, Inc.
  • Braskem S.A.
  • Mitsui Chemicals
  • Asahi Kasei Advance Corporation
  • Crown Plastics Co. Inc.
  • Global Polymers
  • Garland Manufacturing
  • Dotmar EPP Pty. Ltd.
  • Redwood Plastics & Rubber
  • A&C Plastics
  • Roechling Engineering Plastics Pte Ltd