The Pivotal Study of Global UHMWPE Market – Market Synopsis, Industry Key Players, Market Tracking, Regional Forecast till 2026
Base Year: 2018
Estimated Year: 2019
Forecast Period: 2019 to 2026
Description:
According to the report, the UHMWPE market is expected to grow from USD 1,020 million in 2019 to USD 1964 million by 2026, growing at a CAGR of 9.82% from 2019 to 2026.
Superior properties such as high impact strength, low friction coefficient, high flexibility and low reactivity to chemicals & additives make it favorable for the growth of the UHMWPE market. Surge in demand for joint replacement surgeries and PPE market are also expected to drive the global market. Government initiatives to provide superior personal protective equipment and anti-ballistic protection to military and law enforcement are anticipated to develop the market’s growth. However, higher prices are expected to inhibit the growth of the UHMWPE market compared to other polymers.
UHMWPE is a subset of the thermoplastic polyethylene. It has extremely long chains resulting in a very tough material, with high impact strength. Its coefficient of friction is comparable to that of PTFE (Polytetrafluoroethylene) but it has better abrasion resistance. UHMPE is an outstanding bearing material with exceptional sliding properties and remains tough even at low temperatures.
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Competitive Insights
Major manufacturers profiled in the analysis report include Celanese (Ticona), Lyondellbasell, HiShiRon Industries Co., Ltd., Braskem, DSM, Asahi Kasei, Mitsui Chemicals, Sabic, Quadrant Polypenco Japan Ltd., Zhongke Xinxing, Shanghai Lianle, Teijin, Dupont, Artek, Inc, Fiber-line, and others.
Regional Insights
In 2018, the global UHMWPE market was mainly concentrated in the three regions of Asia-Pacific, North America and Europe, with the market share of 20.93%, 43.67% and 23.41% respectively, accounting for a total of 88.01%.
North America was the leading regional market due to presence of sophisticated healthcare infrastructure coupled with growing geriatric population base particularly in the U.S. Asia Pacific is expected to witness significant growth in the UHMWPE market over the forecast period, owing to the increasing healthcare spending and growth of major end-use industries in this region. With rise in development of emerging economies countries like China, India, and Brazil will contribute more amount of share in this market.
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Type Insights
The type of the UHMWPE market can be divided into Sheets, Rods & Tubes, and Other.
Application Insights
The application of the UHMWPE market is segmented into Pipes, attery Seperators, Fiber, and Other.
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Audience
• UHMWPE manufacturers
• Raw material suppliers of UHMWPE
• Small and Medium-sized Enterprises (SMEs)
• Distributors and resellers of UHMWPE
• UHMWPE industry associations
• Product managers, UHMWPE industry administrator, C-level executives of the industries
• Market Research and consulting firms
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