The global ultra high molecular weight polyethylene market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 8% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end-use industries. These insights are included in the report as a major market contributor.
Ultra high molecular weight polyethylene (UHMWPE) is a thermoplastic with high structural strength and biocompatibility. It is widely used to manufacture rods, sheets, and tubes due to its high resistance to water, chemicals, microorganisms, and ultraviolet (UV) radiation. As it offers low moisture absorption, good electrical and thermal insulation, and self-lubrication and chemical inertness, UHMWPE is also utilized in bushings, wear strips, chain guides, chute and hopper linings, and boat and truck bed liners across the globe. Moreover, its versatility is resulting in expanding industrial applications that require durability, low friction, and chemical resistance.
UHMWPE is non-toxic and resistant to corrosion, abrasion, wear, and impact; offers excellent mechanical properties; and assists in reducing noise and vibration. These advantageous properties represent one of the main factors positively influencing the utilization of UHMWPE in food processing, packaging machinery parts, making marine dock fender pads, and manufacturing chemical tanks and conveyor guides. Moreover, it is gaining traction in the healthcare industry as a bearing material with ceramic or metallic counter surfaces in joint replacements. The increasing prevalence of orthopedic disorders is further influencing the market growth. Apart from this, due to its remarkable properties, UHMWPE can be used as a versatile material for designing extremely lightweight vehicles, such as solar cars. Furthermore, with governments worldwide undertaking initiatives to minimize vehicular pollution, the demand for solar cars as well as market opportunities for UHMWPE is anticipated to rise.
IMARC Group provides an analysis of the key trends in each sub-segment of the global ultra high molecular weight polyethylene market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, product and application.
Breakup by Product:
Breakup by Application:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Asahi Kasei Corporation, Braskem, Celanese Corporation, China Petrochemical Corporation, Crown Plastics Inc., Dotmar Engineering Plastics, Garland Manufacturing Company, Koninklijke DSM N.V., Lyondellbasell Industries Holdings B.V., Mitsubishi Chemical Advanced Materials Group, Mitsui Chemicals, Inc., Nitto Denko Corporation and TSE Industries Inc.
|Base Year of the Analysis||2020|
|Segment Coverage||Product, Application, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||Asahi Kasei Corporation, Braskem, Celanese Corporation, China Petrochemical Corporation, Crown Plastics Inc., Dotmar Engineering Plastics, Garland Manufacturing Company, Koninklijke DSM N.V., Lyondellbasell Industries Holdings B.V., Mitsubishi Chemical Advanced Materials Group, Mitsui Chemicals, Inc., Nitto Denko Corporation and TSE Industries Inc.|
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