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Ultra-High Molecular Weight Polyethylene Market – Industry Dynamics, Market Size, and Opportunity Forecast to 2026

Global Ultra High Molecular Weight Polyethylene Market- (By Form – Sheets, Rods and Tubes, Fibers, Films and Others; By Application - Medical Grade & Prosthetics, Food processing machinery parts, Water treatment, and Others; By End-use Industry - Healthcare & Medical, Aerospace, Defense & Shipping, Oil and Gas, Automotive and Transportation, and Others; and By Region) - Industry Dynamics, Market Size and Opportunity Forecast, 2026

  • Published On: 27-Jan-2021  |  Format: powerpointpowerpointexcel  |  Report ID: AA1120019
    Delivery: 2 to 4 Hours
INFOGRAPHIC:
Ultra-High Molecular Weight Polyethylene Market

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REPORT SCOPE

Report AttributeDetails
Market Size Value in 2021US$ 2,013.1 Mn
Expected Revenue in 2026US$ 58,071.9 Mn
Historic Data2017-2020
Base Year2021
Forecast Period2022-2026
UnitValue (USD Mn)
CAGR13.4%
Segments coveredBy Form, Application, End-Use, and Region
Leading playersLyondellBasell Industries Holdings B.V, Celanese Corporation, Mitsui Chemicals, Inc.,  and other prominent players.
Customization ScopeGet your customized report as per your preference. Ask for customization

FREQUENTLY ASKED QUESTIONS

UHMWPE (ultra-high molecular weight polyethylene) is an extremely tough plastic with high abrasion and wear resistance. 

Due to properties of UHMWPE such as high strength to weight ratio, self-lubrication, superior sound dampening, excellent dielectric & electrical insulating, chemical resistance and impact resistance, there is a high demand for UHMWPE from the manufacturers of orthopedic implants and parts for medical devices.

Applications include UHMW wear strips, chain guides, packaging machinery parts, and marine dock fender pads among others. 

The Global Ultra High Molecular Weight Polyethylene Market was valued at US$ 2,013.1 Mn in 2021.

The Global Ultra High Molecular Weight Polyethylene Market is projected to expand at a CAGR of 13.4% over the forecast period.

The market is majorly driven by factors such as increasing geriatric population coupled with increased demand for orthopedic implants, high range of applications of UHMW PE and increasing demand of Electric Vehicles.

The volatile prices of raw material and rising environmental concerns regarding the use of plastics are projected to hamper market growth. 

Increasing application of ultra-high molecular weight polyethylene for manufacturing ballistic products including vests, body armor, and armor plating among others are presenting new and lucrative opportunities for market expansion. 

Medical grade & prosthetics segment has the highest share in the Global UHMWPE Market in 2021.

Industrial equipment industry holds the highest share in the Global UHMWPE Market in 2021.

North America dominates the Global UHMWPE Market. 

The key market players in the global UHMWPE market are LyondellBasell Industries Holdings B.V, Celanese Corporation, Mitsui Chemicals, Inc. and Braskem S.A. among others.