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Ultra-High Molecular Weight Polyethylene Market Size - By form (Sheets and films, Rods and tubes, Fibres, Tapes), By end-use industry (Automotive, Aerospace and defence, Medical, Chemical, Electronics) & Region – Forecasts By 2022-2030

  • PUBLISHED ON
  • 2024-09-27
  • NO OF PAGES
  • 244
  • CATEGORY
  • Chemicals & Materials
Ultra-High Molecular Weight Polyethylene - Description
Over forty years have seen the usage of ultra-high molecular weight polyethylene (UHMWPE), a semicrystalline polymer, as a bearing surface in complete joint replacements. Regarding the in vivo performance of UHMWPE joint replacement components, the mechanical and wear parameters of UHMWPE are of interest.

The polymer's crystalline and amorphous phases both affect its mechanical properties. The mechanical behaviour of the material can be changed by modifying either phase, for as by altering the overall crystallinity, the crystalline morphology, or by crosslinking the amorphous phase.

Additionally, there is proof that loading changes the morphology of UHMWPE and, consequently, its mechanical properties. Additionally, it has been demonstrated that UHMWPE is vulnerable to oxidative deterioration after gamma radiation sterilisation, which results in a loss of mechanical characteristics.

Ultra-High Molecular Weight Polyethylene Market Overview
The Global Ultra-High Molecular Weight Polyethylene Market is presently worth USD 1.8 billion and is poised to amplify at a CAGR of 9.1% over 2022-2030, thereby amassing a valuation of USD 3 billion by end of the assessment timeline.

The demand for ultra-high molecular weight polyethylene (UHMWPE) is rising across a variety of applications, including batteries, medical grade & prostheses, additives, fibres, filtration, and membranes.
In addition, the market is expected to increase significantly during the projected period due to factors including rising product demand from military applications and its superior physical features in comparison to other polymers.

Due to its characteristics including resistance to chemicals, moisture, corrosion, and dirt, ultra-high molecular weight polyethylene is becoming more and more popular in military applications.
UHMWPE is also chosen over other traditional metals and polymers in the military industry because to its qualities, including light weight, low friction coefficient, self-lubricating, high impact strength, great energy absorption capacity, wide service temperature range, and wear resistance.

Ultra-High Molecular Weight Polyethylene Market - Key trends

Growing demand from the auto and defence industries will drive the market growth

An extremely high molecular density thermoplastic polymer with good performance is called ultra-high molecular weight polyethylene (UHMWPE). It has mostly been employed in the manufacture of various machined parts as well as autos, ballistic protection, and medical devices. Because of its qualities, UHMWPE has been in greater demand within the automotive industry. Vehicle components like valves, pistons, gears, bearings, and wear strips all use UHMWPE. However, the automobile industry has also experienced a fall in production and sales as a result of the COVID-19 impact, which reduced the demand for UHMWPE.

An uptick in demand from the aerospace and defence sector will aid the market growth

By 2030, 5 billion people are anticipated to live in metropolitan areas worldwide, according to Airbus. Within the next 10 to 15 years, the urban population may increase from 51% to over 60%. The global demand for air travel and, consequently, the aerospace sector, is predicted to be driven by a rise in passenger air traffic. The demand for air travel will rise as a result of factors like rising student travel for work and school and rising travel costs for leisure. The development of the aerospace and defence industry is also aided by government programmes like the Chinese government's Belt and Road Initiative and India's ""Ude Desh Ka Har Nagrik.""

Ultra-High Molecular Weight Polyethylene Market- Segmental assessment

By Form
• Sheets and films
• Rods and tubes
• Fibres
• Tapes
• Others

By End-Use Industry
• Automotive
• Aerospace and defence
• Medical
• Chemical
• Electronics
• Others

Ultra-High Molecular Weight Polyethylene Market- Geographical landscape
The major regions constituting the geographical ambit of this business sphere are North America, Middle East & Africa, Europe, Asia Pacific, and South America. Among these, North America is projected to capture a substantial revenue share over 2022-2030.

Ultra-High Molecular Weight Polyethylene Market- Competitive landscape
The prominent companies defining the competitive terrain of this marketplace are Celanese Corporation (US), Royal DSM N.V. (Netherlands), LyondellBasell Industries N.V. (Netherlands), Braskem S.A (Brazil), Asahi Kasei Corporation , (Japan), DuPont De Nemours Inc. (US), Korea Petrochemicals Ind. Co., Ltd. (South Korea), Mitsui Chemicals, Inc. (Japan), Honeywell International, Inc. (US), and Teijin Limited (Japan) and others.

Report scope
Global Ultra-High Molecular Weight Polyethylene Market: Historical Years- 2018-2021
Global Ultra-High Molecular Weight Polyethylene Market: Forecast Years- 2022-2030
Global Ultra-High Molecular Weight Polyethylene Market 2022- USD 1.8 billion
Global Ultra-High Molecular Weight Polyethylene Market 2030- USD 3 Billion
Global Ultra-High Molecular Weight Polyethylene Market CAGR- 9.1%

Key segments covered-
1) By form (sheets and films, rods and tubes, fibres, tapes, and others).
2) By end-user industry (automotive, aerospace and defence, medical, chemical, electronics, and others).

Major regions and countries reported-
1) North America (U.S., Canada, and Mexico)
2) South America (Brazil, Argentina, and Colombia)
3) Europe (Germany, U.K., France, Italy, Spain, and Russia)
4) Middle East & Africa (UAE, Saudi Arabia, Egypt, and South Africa)
5) Asia Pacific (China, Japan, India, Australia, South Korea, and ASEAN)

Top players profiled- Celanese Corporation (US), Royal DSM N.V. (Netherlands), LyondellBasell Industries N.V. (Netherlands), Braskem S.A (Brazil), Asahi Kasei Corporation , (Japan), DuPont De Nemours Inc. (US), Korea Petrochemicals Ind. Co., Ltd. (South Korea), Mitsui Chemicals, Inc. (Japan), Honeywell International, Inc. (US), and Teijin Limited (Japan) and others.

1.     Global Ultra-High Molecular Weight Polyethylene Market Introduction and Market Overview

1.1.  Objectives of the Study

1.2.  Ultra-High Molecular Weight Polyethylene Market Definition & Description

1.3.  Global Ultra-High Molecular Weight Polyethylene Market Scope and Market Estimation

1.3.1.     Global Ultra-High Molecular Weight Polyethylene Overall Market Size, Revenue (US$ Mn), Market CAGR (%), Market forecast (2023-2033)

1.3.2.     Global Ultra-High Molecular Weight Polyethylene Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2019-2033

1.4.  Market Segmentation

1.4.1.     Form of Global Ultra-High Molecular Weight Polyethylene Market

1.4.2.     End-Use Industry of Global Ultra-High Molecular Weight Polyethylene Market

1.4.3.     Region of Global Ultra-High Molecular Weight Polyethylene Market

2.     Executive Summary

2.1.  Global Ultra-High Molecular Weight Polyethylene Market Industry Trends under COVID-19 Outbreak

2.1.1.     Global COVID-19 Status Overview

2.1.2.     Influence of COVID-19 Outbreak on Global Ultra-High Molecular Weight Polyethylene Market Industry Development

2.2.  Market Dynamics

2.2.1.     Drivers

2.2.2.     Limitations

2.2.3.     Opportunities

2.2.4.     Impact Analysis of Drivers and Restraints

2.3.  Pricing Trends Analysis & Average Selling Prices (ASPs)

2.4.  Key Mergers & Acquisitions, Expansions, JVs, Funding / VCs, etc.

2.5.  Porter’s Five Forces Analysis

2.5.1.     Bargaining Power of Suppliers

2.5.2.     Bargaining Power of Buyers

2.5.3.     Threat of Substitutes

2.5.4.     Threat of New Entrants

2.5.5.     Competitive Rivalry

2.6.  Value Chain / Ecosystem Analysis

2.7.  PEST Analysis

2.8.  Russia-Ukraine War Impacts Analysis

2.9.  Economic Downturn Analysis

2.10. Market Investment Opportunity Analysis (Top Investment Pockets), By Segments & By Region

3.     Global Ultra-High Molecular Weight Polyethylene Market Estimates & Historical Trend Analysis (2020 - 2022)

4.     Global Ultra-High Molecular Weight Polyethylene Market Estimates & Forecast Trend Analysis, by Form

4.1.  Global Ultra-High Molecular Weight Polyethylene Market Revenue (US$ Mn) Estimates and Forecasts, by Installation, 2023 to 2033

4.1.1.     Sheets and films

4.1.2.     Rods and tubes

4.1.3.     Fibres

4.1.4.     Tapes

5.     Global Ultra-High Molecular Weight Polyethylene Market Estimates & Forecast Trend Analysis, by End-Use Industry

5.1.  Global Ultra-High Molecular Weight Polyethylene Market Revenue (US$ Mn) Estimates and Forecasts, by Installation, 2023 to 2033

5.1.1.     Automotive

5.1.2.     Aerospace and defence

5.1.3.     Medical

5.1.4.     Chemical

5.1.5.     Electronics

           

6.     Global Ultra-High Molecular Weight Polyethylene Market Estimates & Forecast Trend Analysis, by Region

6.1.  Global Ultra-High Molecular Weight Polyethylene Market Revenue (US$ Mn) Estimates and Forecasts, by Region, 2023 to 2033

6.1.1.     North America

6.1.2.     Europe

6.1.3.     Asia Pacific

6.1.4.     Middle East & Africa

6.1.5.     South America

7.     North America Ultra-High Molecular Weight Polyethylene Market: Estimates & Forecast Trend Analysis

7.1.  North America Ultra-High Molecular Weight Polyethylene Market Assessments & Key Findings

7.1.1.     North America Ultra-High Molecular Weight Polyethylene Market Introduction

7.1.2.     North America Ultra-High Molecular Weight Polyethylene Market Size Estimates and Forecast (US$ Million) (2023 to 2033)

7.1.2.1.  By Form

7.1.2.2.  By End-Use Industry

7.1.2.3.  By Country

7.1.2.3.1.   The U.S.

7.1.2.3.2.   Canada

7.1.2.3.3.   Mexico

8.     Europe Ultra-High Molecular Weight Polyethylene Market: Estimates & Forecast Trend Analysis

8.1.  Europe Ultra-High Molecular Weight Polyethylene Market Assessments & Key Findings

8.1.1.     Europe Ultra-High Molecular Weight Polyethylene Market Introduction

8.1.2.     Europe Ultra-High Molecular Weight Polyethylene Market Size Estimates and Forecast (US$ Million) (2023 to 2033)

8.1.2.1.  By Form

8.1.2.2.  By End-Use Industry

8.1.2.3.      By Country

8.1.2.3.1.   Germany

8.1.2.3.2.   U.K.

8.1.2.3.3.   France

8.1.2.3.4.   Italy

8.1.2.3.5.   Spain

8.1.2.3.6.   Russia

8.1.2.3.7.   Rest of Europe

9.     Asia Pacific Ultra-High Molecular Weight Polyethylene Market: Estimates & Forecast Trend Analysis

9.1.  Asia Pacific Market Assessments & Key Findings

9.1.1.     Asia Pacific Ultra-High Molecular Weight Polyethylene Market Introduction

9.1.2.     Asia Pacific Ultra-High Molecular Weight Polyethylene Market Size Estimates and Forecast (US$ Million) (2023 to 2033)

9.1.2.1.      By Form

9.1.2.2.      By End-Use Industry

9.1.2.3.      By Country

9.1.2.3.1.   China

9.1.2.3.2.   Japan

9.1.2.3.3.   India

9.1.2.3.4.   Australia

9.1.2.3.5.   South Korea

9.1.2.3.6.   ASEAN

9.1.2.3.7.   Rest of Asia Pacific

10.  Middle East & Africa Ultra-High Molecular Weight Polyethylene Market: Estimates & Forecast Trend Analysis

10.1. Middle East & Africa Market Assessments & Key Findings

10.1.1.  Middle East & Africa Ultra-High Molecular Weight Polyethylene Market Introduction

10.1.2.  Middle East & Africa Ultra-High Molecular Weight Polyethylene Market Size Estimates and Forecast (US$ Million) (2023 to 2033)

10.1.2.1.   By Form

10.1.2.2.   By End-Use Industry

10.1.2.3.   By Country

10.1.2.3.1.              U.A.E.

10.1.2.3.2.              Saudi Arabia

10.1.2.3.3.              Egypt

10.1.2.3.4.              South Africa

10.1.2.3.5.              Rest of Middle East & Africa

11.  South America Ultra-High Molecular Weight Polyethylene Market: Estimates & Forecast Trend Analysis

11.1. South America Market Assessments & Key Findings

11.1.1.  South America Ultra-High Molecular Weight Polyethylene Market Introduction

11.1.2.  South America Ultra-High Molecular Weight Polyethylene Market Size Estimates and Forecast (US$ Million) (2023 to 2033)

11.1.2.1.   By Form

11.1.2.2.   By End-Use Industry

11.1.2.3.   By Country

11.1.2.3.1.            Brazil

11.1.2.3.2.            Argentina

11.1.2.3.3.            Colombia

11.1.2.3.4.            Rest of South America

12.  Competition Landscape

12.1. Global Ultra-High Molecular Weight Polyethylene Market Competition Matrix & Benchmarking, by Leading Players / Innovators / Emerging Players / New Entrants

12.2. Global Ultra-High Molecular Weight Polyethylene Market Concentration & Company Market Shares (%) Analysis, 2022

13.  Company Profiles

13.1.    Celanese Corporation (US)

13.1.1.     Company Overview & Key Stats

13.1.2.     Financial Performance & KPIs

13.1.3.     Product Portfolio

13.1.4.     Business Strategy & Recent Developments

* Similar details would be provided for all the players mentioned below 

13.2.    Royal DSM N.V. (Netherlands)

13.3.    LyondellBasell Industries N.V. (Netherlands)

13.4.    Braskem S.A (Brazil)

13.5.    Asahi Kasei Corporation(Japan)

13.6.    DuPont De Nemours Inc. (US)

13.7.    Korea Petrochemicals Ind. Co. Ltd. (South Korea)

13.8.    Mitsui Chemicals Inc. (Japan)

13.9.    Honeywell International Inc. (US)

13.10.  Teijin Limited (Japan)

13.11.  Others**

14.  Research Methodology

14.1. External Transportations / Databases

14.2. Internal Proprietary Database

14.3. Primary Research

14.4. Secondary Research

14.5. Assumptions

14.6. Limitations

14.7. Report FAQs

15.  Research Findings & Conclusion 

Quality Assurance Process

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We Market Research senior executive is assigned to each consulting engagement and works closely with the project team to deliver as per the clients expectations.

Market Research Process




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To mitigate risks that can impact project success, we deploy the follow project delivery best practices:
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Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.

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