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Ultra High Molecular Weight Polyethylene (UHMWPE) Market 2026- Global Trends, Statistics, Size, Share, Regional Analysis by Key Players
Posted on Feb 25 2021 6:03 AM
""Ultra High Molecular Weight Polyethylene (UHMWPE) Market Size, Share & Industry Analysis, By Type (Medical Grade & Prosthetics, Fibers, Sheets, Rods), By Application (Medical Grade & Prosthetics, Filtration, Batteries, Fibers), By Technology (Reversible Polymers, Microencapsulation, Shape Memory Materials, Biological Material Systems) and Regional Forecast, 2019-2026
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The global ultra-high molecular weight polyethylene (UHMWPE) market size is slated to enter a period of dynamic expansion owing to the increasing geriatric population worldwide, observes Fortune Business Insights™ in its report, titled ' Ultra High Molecular Weight Polyethylene (UHMWPE) Market Size, Share & Industry Analysis, By Type (Medical Grade & Prosthetics, Fibers, Sheets, Rods), By Application (Medical Grade & Prosthetics, Filtration, Batteries, Fibers), By Technology (Reversible Polymers, Microencapsulation, Shape Memory Materials, Biological Material Systems) and Regional Forecast, 2019-2026 . As per UN data, the number of older persons (aged 60 and above) in the world will top 2 billion by 2050, with people above 80 years of age outstripping the number of children under 10 by 2030. People above are 60 are prone to joint injuries and aches on account of weakening muscular strength and bone ossification. As a result, they require surgeries to hold their joints in place and move freely. UHMWPE is extensively employed in biomedical applications as implants made from this material are durable, biocompatible, and have high wear-resistance. Thus, as the demand for orthopaedic implants grows among the geriatric populations, the uptake of ultra-high molecular weight polyethylene is likely to rise in tandem.
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Highlights of the Report:
- Actionable research on market drivers, trends, restraints, and opportunities;
- In-depth study of the key market players and their growth strategies;
- Granular examination of the various market segments; and
- Detailed insights into the regional dynamics influencing the market.
Market Restraint
Staggering Level of Plastic Pollution Worldwide May Hinder Market Growth
One of the leading factors that are likely to restrict the ultra-high molecular weight polyethylene market growth is the skyrocketing levels of plastic pollution witnessed around the globe. According to a research consortium headed by the University of Leeds in the UK, between 2016 and 2040, over 1.3 billion tons of plastic waste will be dumped in the oceans and on land, if exigent measures are not taken. The UK-based marine conservation charity, Surfers Against Sewage, estimates that approximately 8 million pieces of plastic waste enter the oceans on a daily basis, with roughly 5 trillion micro- and macro-plastic pieces floating around in the open ocean. UHMWPE is a type of thermoplastic that is extremely long-chained, durable, and tough, and is widely used in the medical, automotive, and defense industries owing to its resilient properties. As concerns surrounding plastic pollution mount around the globe, the demand for UHMWPE may deflate in the long-run.
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Regional Insights
North America to Occupy Driver's Seat; Asia Pacific to Emerge as Investment Hub
North America is anticipated to dominate the ultra-high molecular weight polyethylene market share in the forthcoming years owing to the steadily increasing demand for joint replacement procedures. Additionally, growing geriatric population in the region is also expected to generate several opportunities in the near future.
Asia Pacific is projected to create exciting investment opportunities for market players on account of the rapid industrialization in the region. This, coupled with advancements in automotive technologies in Japan and South Korea, will propel the Asia Pacific UHMWPE market growth.
The market in Europe is also poised to flourish in the foreseeable future as a result of increasing funding for biomedical research, rising demand for hip-and-joint replacement surgeries, and a strong presence of automotive giants in the region.
Competitive Landscape
Capacity Expansion Investments by Key Players to Heat up Competition
To meet the demand for lightweight polymers from the automotive and medical industries, key players in this market are ramping up their investments in bolstering their existing production capacities. Besides this, companies are also investing in innovation and strategically introducing UHMWPE solutions for end-user industries.
Industry Developments:
- August 2018: Mitsui Chemicals expanded its production facilities to make HI-ZEX MILLION™, its ultra-high molecular weight polyethylene offering, to meet the surging demand from the automotive industry and for the manufacturing of industrial batteries. The 15% increase in capacity will enable the company to produce 8,500 tons per year of UHMWPE.
- May 2018: Braskem released UTEC 9540, the highest UHMWPE polymer commercially available around the world. The launch of the novel product was to mark the one-year anniversary of Braskem's UHMWPE production facility in Texas, which started operating in 2017.
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List of Key Players Covered in the Ultra High Molecular Weight Polyethylene Market Report:
- Aramid BV
- TOYOBO CO., LTD
- Honeywell International Inc.
- Mitsui Chemicals, Inc.
- Asahi Kasei Advance Corporation
- Braskem
- Teijin
- Nanoshell LLC
- Mitsuboshi Belting Ltd
- DSM
- LyondellBasell Industries Holdings BV
- Celanese Corporation
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