The global ultra high molecular weight polyethylene market size is expected to reach USD 3.85 billion by 2025, according to a new report by Grand View Research, Inc. It is projected to register a CAGR of 13.8% during the forecast period. Increasing demand of UHMWPE in the sheet and rod forms to meet a wide requirement from material handling and chemical industry is anticipated to drive the growth.
UHMWPE has witnessed increasing acceptance in material handling applications in the recent years owing to several favorable properties such as resistance to moisture, dirt, chemicals, and corrosion. It finds increasing acceptance in material handling applications owing to favorable properties such as resistance to moisture, dirt, chemicals, and corrosion.
Celanese Corporation, LyondellBasell and Braskem are the leading companies operating in the global Ultra High Molecular Weight Polyethylene (UHMWPE) market. Other companies include Quadrant; Crown Plastics Co. Inc.; Asahi Kasei Chemicals Corporation; A&C Plastics Inc.; and Mitsui Chemicals, Inc.
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Technological advancements have resulted in the widespread usage of UHMWPE in multiple applications. Leading industry participants are taking strong steps and investing in R&D initiatives for improving their product portfolio, reducing production and processing cost, and developing novel applications to meet the growing demand.
Further key findings from the report suggest:
- North America held the leading market share of over 40.0% in terms of volume in 2018. Presence of sophisticated healthcare infrastructure coupled with growing geriatric population, particularly in U.S. is expected to drive the regional growth
- Asia Pacific is expected to witness significant of around CAGR of 14.4% from 2019 to 2025 in terms of revenue. Increasing healthcare spending and growth of major end-use industries in China and India is expected to drive the regional market
- Global UHMWPE market is highly concentrated, with top three companies accounting for over 75% of total market. Frequent M&As are witnessed among these three companies which showcases significant competition in them
Presence of a large number of automotive manufacturing facilities across the U.S. and Canada contributes to the demand for battery separators and is expected to have positive impact on the overall market for UHMWPE. Ongoing investments in battery manufacturing facilities in North America and Asia Pacific is expected to further boost the demand.
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Sheets are commonly used in industrial sectors in the form of liners. These liners are used in various heavy transport vehicles, troughs, bins, hoppers, and silos for enabling ease of flow of materials or products. Niche applications such as recreational equipment and agricultural machinery have also gained prominence owing to rising need for durable components with enhanced abrasion resistance.
Owing to its self-lubricating characteristic, the product is used in various rollers, guides, plates, and liners. It is used across various parts of logistic equipment. Its hydrophobic characteristic has amplified its usage in transferring wet products largely in food and beverage and pulp and paper industries. Niche applications such as pads for heavy equipment movers, snow removers, skiing equipment, and boats are also expected to steer growth as UHMWPE can enhance their operating life.
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Grand View Research has segmented the global Ultra High Molecular Weight Polyethylene (UHMWPE) market on the basis of product, application:
Ultra High Molecular Weight Polyethylene (UHMWPE) Product Outlook (Volume, Tons; Revenue, USD Million, 2014 – 2025)
- Medical Grade & Prosthetics
- Fibers
- Sheets
- Rods
- Others
Ultra High Molecular Weight Polyethylene (UHMWPE) Application Outlook (Volume, Tons; Revenue, USD Million, 2014 – 2025)
- Medical Grade & Prosthetics
- Filtration
- Batteries
- Fibers
- Additives
- Membranes
- Others
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Braskem, Celanese Corporation, and Lyondell Basell led with over 75% of the total market share in 2018. Frequent acquisitions were witnessed over the past five years. These strategies are expected to improve competitiveness and production capacity of the companies to cater to the rapidly rising demand from Asia Pacific and North America.
Owing to its self-lubricating characteristic, the product is used in various rollers, guides, plates, and liners. It is used across various parts of logistic equipment. Its hydrophobic characteristic has amplified its usage in transferring wet products largely in food and beverage and pulp and paper industries. Niche applications such as pads for heavy equipment movers, snow removers, skiing equipment, and boats are also expected to steer growth as UHMWPE can enhance their operating life.
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Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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