Ultra-High Molecular Weight Polyethylene Market by Form (Sheets, Rods & Tubes), End-Use Industry (Aerospace, Defense, & Shipping, Healthcare & Medical, Mechanical Equipment), Region - Global Forecast to 2021
“UHMW PE market is projected to grow at a CAGR of 9.9%”
The Ultra-High Molecular Weight Polyethylene (UHMW PE) market is projected to reach USD 2.16 billion by 2021, at a CAGR of 9.9% from 2016 to 2021. Growth in the healthcare & medical industry due to increasing use of UHMW PE for the manufacture of prosthetic implants, is leading to a demand for UHMW PE. However, volatile prices of raw materials are expected to restrain the UHMW PE market.
“Sheets segment to register the highest growth in the UHMW PE market”
Sheets is the most common form in which UHMW PE is used, and UHMW PE sheets are available in a variety of dimensions and thicknesses. The thicknesses range from 1mm to 100mm. UHMW PE sheets are used in conveyor belts in the food processing industry due to properties such as ease of machining, self-lubrication, and chemical stability. These properties are expected to drive the sheets segment.
Healthcare & medical segment to register the highest growth in the UHMW PE market”
UHMW PE is widely used for orthopedic implants (knee replacements, hip replacements, shoulder implants, elbow implants, ankle implants, spinal implants, and bone substitutes, among others), cardiovascular implants (pacing devices, cardiac stents, and structural cardiac implants, among others), and other medical implants (gynaecological devices, otolaryngeal implants, ophthalmic implants, and gastroenterological implants, among others). Due to properties such as, low absorption and self-lubrication, fatigue resistance, yield strength, and high elastic modulus, manufacturers prefer UHMW PE over other polymers. Increasing demand for prosthetic implants from the developed economies is expected to drive the growth of the UHMW PE market in the healthcare & medical industry.
“The UHMW PE market in the Asia-Pacific region is projected to grow at the highest CAGR during the forecast period”
The Asia-Pacific UHMW PE market is projected to grow at the highest CAGR from 2016 to 2021. Increasing industrialization and infrastructure development in the region is expected to lead to the growth of the UHMW PE market. The increasing middle class population has led to increasing urbanization and growth in the manufacturing sector, which is expected to drive the UHMW PE market in this region. China, Japan, and India are the major countries contributing to the growth of the Asia-Pacific UHMW PE market.
BREAKDOWN OF PROFILE OF PRIMARY PARTICIPANTS:
• By Company Type: Tier 1 - 21 %, Tier 2 - 36%, and Tier 3 - 43%
• By Designation: C Level - 24%, Director Level - 42%, and Others - 34%
• By Region: Europe - 18%, North America - 20%, , Asia-Pacific - 50%, Middle East & Africa - 5%, and South America – 7%
Major companies profiled in this report include Braskem S.A. (Brazil), Celanese Corporation (U.S.), LyondellBasell Industries N.V. (Netherlands), Koninklijke DSM N.V. (Netherlands), Asahi Kasei Corporation (Japan), Mitsui Chemicals, Inc. (Japan), Quadrant Engineering Plastic Products AG (Switzerland), E. I. Du Pont De Nemours and Company (U.S.), Honeywell International, Inc. (U.S.), Toyobo Co., Limited (Japan), and Rochling Engineering Plastics SE & Co. KG (Germany).
This report offers an overview of the market trends, drivers, and barriers with respect to the UHMW PE market. It also provides a detailed overview of the market across five regions, namely, Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America. The report categorizes the UHMW PE market on the basis of type, product, end-use industry, and region. A detailed analysis of the leading players, along with the key growth strategies adopted by them is also covered in the report.
Reasons to Buy the Report:
This report covers the following key aspects:
• The market size by 2021, and the growth rate from 2016 to 2021
• The key market trends
• The factors expected to drive the growth of the market
• The barriers that impact market growth
• The key players in this market
• The global UHMW PE market report covers key regions, such as North
America, Europe, and the Asia-Pacific, Middle East & Africa, and South America including major countries in these regions, such as the U.S., China, Japan, India, and Germany.