As per the recently published report by MarketsandMarkets™, the “Ultra-High Molecular Weight Polyethylene Market by Form (Sheets, Rods & Tubes, Fibers, Films, Tapes), End-Use Industry (Aerospace, Defense & Shipping, Healthcare & Medical, Mechanical Equipment, Consumer Goods), Region – Global Forecast to 2027”, is estimated to be USD 1.8 billion in 2022 and is projected to reach USD 2.8 billion by 2027, at a CAGR of 9.1%. The increasing demand from aerospace & defense industry, orthopedic implants and government initiatives in various countries such as India and China, play a key role in driving the growth for UHMW PE market . In addition, increasing R&D, mass production of ballistic fibers, and compliance with various legal and administrative bodies is expected to create opprtunities in the market.
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223 Market data Tables
55 Figures
218 Pages and in-depth TOC on “Ultra-High Molecular Weight Polyethylene Market – Global Forecast to 2027”
This report also provides a comprehensive analysis of the companies listed below:
The major Players in UHMW PE market include Celanese Corporation (US), Royal DSM N.V. (Netherlands), LyondellBasell Industries N.V. (Netherlands), Braskem S.A (Brazil), Asahi Kasei Corporation, (Japan), Korea Petrochemicals Ind. Co., Ltd. (China), DuPont De Nemours Inc. (US), Mitsui Chemicals, Inc. (Japan), Honeywell International, Inc. (US), and Teijin Limited (Japan) and others.
Merger & acquisitions, investments & expansions, partnerships & collaborations, and new product developments are some of the major strategies adopted by these key players to enhance their positions in the UHMW PE market.
Recent Developments
In March 2021, Celanese Corporation announced its intent to expand its GUR UHMWPE production capacity in Europe. The development will support the significant growth in the company’s high-value GUR engineered materials portfolio. With this investment, Celanese Corporation can support the double-digit demand growth for lithium-ion battery separators in the electric vehicle market. The new facility will also have the option to produce medical-grade GUR.
In March 2021, Celanese Corporation announced its intent to initiate a three-year plan to expand engineered materials compounding capacities at the company’s Asia facilities, including Nanjing, China; Suzhou, China; and Silvassa, India. The expansion aims to adapt to local customer needs and gain a competitive advantage.
In October 2020, Celanese Corporation announced the addition of a new GUR UHMWPE production line at its Bishop, Texas manufacturing facility. This new production line is expected to add approximately 15 kilotons per year of GUR product capacity. The development aims to support the significant growth in its high-value GUR engineered materials portfolio.
In November 2021, Carolina Ballistic will use Honeywell’s Spectra fiber to design and manufacture new ballistic panels for civilian armor vehicles in Latin America. This development aims to meet a regional need for armored civilian vehicles that are lightweight but provide increased protection.
In November 2019, Honeywell International Inc. increased the production capacity of Spectra fiber. The expansion aims to fulfill the demands of global militaries and law enforcement for high-performing and lightweight armor that provides critical protection against a wide range of threats.
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.
In August 2018, Mitsui Chemicals expanded production facilities to manufacture HI-ZEX UHMW PE in response to the growing demand for automotive and industrial batteries. This expansion increased the production capacity for HI-ZEX MILLION by about 15% to 8,500 tons per year.
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Sheet segment is estimated to lead the UHMW PE market in 2022
Sheets segment is estimated to account for a largest share of the UHMW PE market in 2022 by form. The increasing use of sheets in aerospace, defense, & shipping industries for the manufacture of aircraft interiors and in mechanical equipment industries for the manufacture of conveyor belts are the factors that lead to the largest share of sheets in UHMW PE market.
Healthcare & Medical is the fastest growing end-use industry of the UHMW PE market in 2022
The healthcare & medical segment is expected to grow at the highest CAGR in 2022. High demand of UHMW PE for the manufacturing of orthopedic implants and parts for medical devices such as cardiovascular devices, due to excellent properties such as high strength to weight ratio, self-lubrication, and impact resistance. These factors are expected to drive the demand for UHMW PE in healthcare & medical industry.
Asia Pacific is expected to be the fastest-growing region in the UHMW PE market during the forecast period
Asia Pacific is projected to be the fastest-growing segment between 2022 and 2027. China and Japan together accounted for the major share of the Asia Pacific UHMW PE market in 2022. The Asia Pacific region is emerging as a lucrative market for UHMW PE, owing to fast industrial development and improving economic conditions. In addition, the growth of the medical industry, mechanical equipment industry, presence of a various mechanical component manufacturing plants in China, and rapid industrialization in Asia Pacific are expected to drive the UHMW PE market.
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