In 2020, the ultra-high molecular weight polyethylene (UHMW PE) market is estimated at USD 1.4 billion and is projected to reach USD 2.2 billion by 2025, at a CAGR of 9.4%. The major drivers for the market include increased demand for UHMW PE from the aerospace & defense industry and increased demand for orthopedic implants. However, the availability of substitute act as a challenge for the manufacturers and can hamper the market growth. Currently, there is a demand for flexible and ultra-lightweight fibers for armor and ballistic protection, which can offer high resistance to flex fatigue, vibration damping, and abrasion resistance in comparison to traditional fibers.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=257883188

Recent Developments

In July 2019, DSM acquired majority shares of ICD, a UHMW PE fiber manufacturer in China. The acquisition of the majority share in ICD will bring complementary manufacturing and technology assets to DSM and will strengthen the company’s presence in this UHMW PE market.
In July 2019, DSM introduced Dyneema Purity Black fiber, the first black medical-grade UHMW PE fiber. The fiber builds are expected to be 15 times stronger than steel, has a small profile, high pliability, and biocompatibility
In August 2018, Mitsui Chemicals, Inc expanded production facilities to manufacture HI-ZEX ultra-high molecular weight polyethylene in response to the growing demand for automotive and industrial batteries. This expansion helped the company’s production capacity for HI-ZEX MILLION by about 15% to 8,500 tons per year.
Asia Pacific is expected to be the fastest-growing market, owing to the continuous investments for the advancement in the medical sector. UHMW PE is majorly being used in orthopedic plants because of its properties. The growth of the medical industry in Asia Pacific is one of the reasons leading to an increase in the demand for UHMW PE. UHMW PE is also being used in mechanical equipment. The outbreak of COVID-19 has affected countries such as China, Japan, and India. China is the epicenter of this lethal disease. Companies are facing short-term operational issues due to supply chain constraints and lack of site access due to this outbreak.

• Leading Key Players –

Major companies such as Celanese Corporation (US), Koninklijke DSM N.V. (Netherlands), LyondellBasell Industries N.V. (Netherlands), Braskem S.A (Brazil), Asahi Kasei Corporation, (Japan) Du Pont De Nemours Inc. (US), Saudi Arabia Basic Industries Corporation (Saudi Arabia), Mitsui Chemicals, Inc. (Japan), Honeywell International, Inc. (US), and Teijin Limited (Japan) and others are key players in the UHMW PE market.

♦ Speak To Analyst – https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=257883188