Global Ultra-High Molecular Weight Polyethylene Market 2017-2021
About Ultra-High Molecular Weight Polyethylene
Ultra-high molecular weight polyethylene (UHMWPE) is classified under the sub-segments of thermoplastic polyethylene (TPE). UHMWPE consists of long chains of polyethylene (PE) with very high molecular mass, which is almost ten times greater than the density of PE responsible for high tensile strength, impact strength, and low coefficient of friction used in high-performance applications. UHMWPE is an odorless, tasteless, and nontoxic polyethylene.
Technavio’s analysts forecast the global ultra-high molecular weight polyethylene market to grow at a CAGR of 9.49% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global ultra-high molecular weight polyethylene market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Ultra-High Molecular Weight Polyethylene Market 2017-2021
Technavio recognizes the following companies as the key players in the global ultra-high molecular weight polyethylene market: Asahi Kasei, Celanese Corporation, Honeywell International, LyondellBasell Industries, Mitsui Chemicals, and Royal DSM.
Other Prominent Vendors in the market are: Artek, Braskem, CP Medical, Crown Plastics Company, Rochling Engineering Plastics, SABIC, Shandong Buoy & Pipe Industry, Quadrant Engineering Plastic Products, Teijin Group, and Toyobo.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is emphasis on sustainable production methods. Nowadays, the focus of the consumers is on sustainability. Favorable government regulations are facilitating green procurement policies, which has put pressure on manufacturers to use sustainable production methods.”
According to the report, one driver in the market is increasing demand from the medical implant industry. UHMWPE-based implants have gained popularity in applications such as orthopedic and cardiovascular implants. Orthopedic implants include knee replacement, shoulder implants, ankle implants, spinal implants, hip replacements, and bone substitutes. Implants made from UHMWPE exhibit high life span, improved strength, and better tensile strength, which prevents crack or break. UHMWPE-based fibers are used in cardiovascular devices; they are gradually replacing polyethylene terephthalate fibers owing to properties such as small size and enhanced flexibility.
Further, the report states that one challenge in the market is uncertainty in demand and supply of UHMWPE across the globe. The growing plastic chemical producing capacity by cost-effective producers in North America, the Middle East, and China is driving oversupply of UHMWPE, which could create pressure and lower the profitability margins. Globally, it is expected that the UHMWPE production will be more than 24 million metric tons during the forecast period. This could affect the demand and supply equilibrium that could lower profitability margin for UHMWPE vendors. The North American UHMWPE producers will achieve the economies of scale because of this oversupply.
Asahi Kasei, Celanese Corporation, Honeywell International, LyondellBasell Industries, Mitsui Chemicals, Royal DSM, Artek, Braskem, CP Medical, Crown Plastics Company, Rochling Engineering Plastics, SABIC, Shandong Buoy & Pipe Industry, Quadrant Engineering Plastic Products, Teijin Group, and Toyobo.