Global Ultra-High Molecular Weight Polyethylene Fiber Market, By Form (Sheets, Rods & Tubes, Fibers, Films, tapes, others); By End-Use Industry(Aerospace, Healthcare, Food & Beverages, Mechanical Equipment, and others); By Region (North America, Europe, Asia Pacific, and Rest of the World); Trend Analysis, Competitive Market Share & Forecast, 2019-2026.
- Published Date: December 2020
- Report ID: BWC20222
- Available Format: PDF
- Page: 178
Report Overview
The global Ultra-High Molecular Weight Polyethylene Fiber market is growing at a potential growth rate Year-over-Year (YoY) and has reached USD 7.3 billion in 2019. The market is further expected to touch USD 15.0 billion by 2026, growing at a CAGR of 11.8% during 2020-2026 (forecast period).
Global Ultra-High Molecular Weight Polyethylene Fiber Market size- Industry Trends & Forecast Report 2026.
The global Ultra-High Molecular Weight Polyethylene Fiber market is growing at a potential growth rate Year-over-Year (YoY) and has reached USD 7.3 billion in 2019. The market is further expected to touch USD 15.0 billion by 2026, growing at a CAGR of 11.8% during 2020-2026 (forecast period). The Ultra-High Molecular Weight Polyethylene Fiber market is likely to grow in the forecast timeframe due to a rise in demand for ultra-fiber molecular weight polyethylene fibers from the aerospace & defence industry and in orthopedic implants. Additionally, it has excellent mechanical properties which include high abrasion resistance, high impact strength, and low coefficient of friction.
Source: BlueWeave Consulting
Global Ultra-High Molecular Weight Polyethylene Fiber Market Overview:
Ultra-high-molecular-weight polyethylene is characterised as a subset of the thermoplastic polyethylene. It is also known as high-modulus polyethylene and has extremely long chains that all align in the same direction and serves to transfer load more effectively by strengthening intermolecular interactions. Hence, this results in a very tough material and the highest impact strength of any thermoplastic. It is odourless, tasteless, and nontoxic. It also embodies all the characteristics of high-density polyethylene. It is considered highly resistant to corrosive chemicals and has extremely low moisture absorption.
Ultra-High Molecular Weight Polyethylene Fiber Market Forecast and Trends
Growth Drivers
Increasing demand for orthopedics implants
The rising demand for orthopedics implants is the major driver for the market. The demand for orthopedic implants has risen significantly, due to the rise geriatric population that increases the risk of osteoporosis, osteoarthritis, technological innovations in orthopedic implants, and other musculoskeletal disorders. The ultra-high molecular weight polyethylene has been used in the implants in large amount j making of prosthetics and thus it would benefit the market. It is used for non-absorbable sutures as it is strong and durable. Additionally, the sutures made using ultra-high molecular weight polyethylene are flatter than the conventionally used polyester and poly-blend sutures.
Excellent Properties of ultra-high molecular weight polyethylene
Ultra-high-molecular-weight polyethylene provides a combination of exceptional properties. This ultra-high-molecular-weight polyethylene thermoplastic material is tough with superior impact strength. It is often considered a corrosion-resistant material and exhibits virtually no water absorption. It is wear-resistant, non-sticking, and self-lubricating. Additionally, it provides the fracture's toughness, has a low friction coefficient, high impact strength, and low density. These properties have a popular choice as the articulating surfaces of joint replacements, such as hip, knee, ankle, and shoulder. Thus, these properties are driving market growth.
Restraints
Presence of Substitutes in the market
The ultra-high-molecular-weight polyethylene market can face the major restraint that is the presence of other substitutes or alternative substitutes such as polyoxymethylene, urethane, fluoropolymers, and polycarbonate. Additionally, the volatility in raw material prices is likely to hamper the market growth during the review period. these alternatives are most used in a liquid form as a coating, adhesive, or sealant. It is also typically used in pesticides and fungicides. It can also be purchased at lower rates and some are easily available. Thus, the whole market can get impacted by this.
Impact of COVID-19 in industry
The global economy and humanity have been pushed into a crisis due to the COVID-19 pandemic. Due to the high infection rate and adverse impact on public health systems, various governments have enforced nationwide lockdowns significantly impacting manufacturing supply chains, trade, and related services. Players are currently considering digital solutions that would enable them to serve the community and provide new opportunities to do business. The production, manufacturing, supply chain, and other operations, have slowed down globally aimed to limit the spread of corona virus,
The global impact of the coronavirus disease 2019 (COVID-19) is likely only beginning and would significantly affect the Ultra-High Molecular Weight Polyethylene Fiber market in 2020. The outbreak of COVID-19 has brought with it travel bans and quarantines; massive slowing of the supply chain; uncertainty in the stock market; falling business confidence, and growing panic among the population. Despite the growing uncertainty and panic, technology suppliers must continue to focus on their long-term investments, maintain engagement with partners and prospects, and look to specific markets for stability.
Ultra-High Molecular Weight Polyethylene Fiber Market: By Form
Based on the form, the Ultra-High Molecular Weight Polyethylene Fiber market is segmented into, sheets, rods & tubes, fibers, Films, tapes, and others. The sheet segment is likely to dominate in the market mainly due to the extensive use of ultra-high molecular weight polyethylene sheets in the mechanical equipment industry. The sheet segment is also growing due to rising demand from the healthcare & medical end-use industry. The demand for sheets is also high in food production units, wherein the large volumes of containers namely can, and bottles need to be guided along conveyors these sheets are used in marine applications as they have low moisture absorption. Ultra-high molecular weight polyethylene is used in cryogenic components, due to its low operating temperature abilities.
Source: BlueWeave Consulting
Ultra-High Molecular Weight Polyethylene Fiber Market: Regional Insight
Asia Pacific region is likely to dominate in the ultra-high molecular weight polyethylene fiber market, followed by North America, and others. The developing countries like China and India have major opportunities for industrial production, retail sales, and fixed-asset investment for ultra-High molecular weight polyethylene fibers. Several other economies such as Indonesia, Philippines, and Singapore in the region are also forecast to grow at modest rates. The company's productivity is directly proportional to the productivity of workers. Hence, businesses in these regions are commonly embracing different instruments to help workers increase their productivity.
Recent Development
· In July 2019, DSM company has acquired the majority shares of ICD, an ultra-high molecular weight polyethylene fiber manufacturer in China. This acquisition of the majority share in ICD would be bringing the complementary manufacturing and technology assets to DSM and likely to strengthen the company’s presence in this ultra-high molecular weight polyethylene market.
· In July 2019, DSM has also introduced Dyneema Purity Black fiber, which is the first black medical-grade ultra-high molecular weight polyethylene fiber. The fiber builds are expected to be 15 times stronger than steel, has a small profile, high pliability, and biocompatibility.
Competitive landscape
The Ultra-High molecular weight polyethylene fiber market is fragmented owing to the presence of number of companies that provides varied Ultra-High Molecular Weight Polyethylene Fiber products. However, the companies that hold the majority share of Ultra-High Molecular Weight Polyethylene Fiber market are Celanese Corporation ,Koninklijke DSM N.V.,, LyondellBasell Industries N.V. ,Braskem S.A , Asahi Kasei Corporation, ,Du Pont De Nemours Inc., Saudi Arabia Basic Industries Corporation,Mitsui Chemicals, Inc. ,Honeywell International, Inc. Celanese Corporation and Teijin Limited, s), Nanoshell LLC and other prominent players.
In the Ultra-High Molecular Weight Polyethylene Fiber market, prominent market participants compete on the basis of price and product quality. Small and medium-sized market players are expected to show considerable improvements in the foreseeable future, given the moderate level of capital expenditure needed to set up a business. The large-sized companies, however, are likely to aim for global expansion, in a bid to gain a more considerable brand reputation.
Scope of the Report
| Attribute | Details |
| Years Considered | Historical data – 2016-2019 |
| Base Year – 2020 | |
| Forecast – 2021 – 2027 | |
| Facts Covered | Revenue in USD Million |
| Market Coverage | U.S, Canada, Germany, UK, France, Italy, Spain, Russia, Brazil, Japan, South Korea, China, UAE, South Africa, UAE, Turkey |
| Product/Service Segmentation | By Form , By End-Use Industry and By Region |
| Key Players | Celanese Corporation ,Koninklijke DSM N.V.,, LyondellBasell Industries N.V. ,Braskem S.A , Asahi Kasei Corporation, ,Du Pont De Nemours Inc., Saudi Arabia Basic Industries Corporation,Mitsui Chemicals, Inc. ,Honeywell International, Inc. Celanese Corporation and Teijin Limited, s), Nanoshell LLC and others. |
By Form
- Sheets
- Rods & Tubes
- Fibers
- Films
- Tapes
- Others
By End Use Industry
- Aerospace
- Healthcare
- Food & Beverages
- Mechanical Equipment
- Others
By Region
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
1. Research Framework
1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation
2. Research Methodology
2.1. Qualitative Research
2.1.1. Primary & Secondary Sources
2.2. Quantitative Research
2.2.1. Primary & Secondary Sources
2.3. Breakdown of Primary Research Respondents, By Region
2.3.1. Secondary Research
2.3.2. Primary Research
2.4. Breakdown of Primary Research Respondents, By Industry Participants
2.5. Market Size Estimation
2.6. Assumption for the Study
2.7. Market Breakdown & Data Triangulation
3. Executive Summary
4. Global Ultra-High Molecular Weight Polyethylene Fiber Market - Industry Insights
4.1. Industry value Chain Analysis
4.2. DROC Analysis
4.2.1. Growth Drivers
4.2.2. Restraints
4.2.3. Opportunities
4.2.4. Challenges
4.3. Technological Landscape
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
5. Global Ultra-High Molecular Weight Polyethylene Fiber Market Overview
5.1. Market Size & Forecast, 2016-2026
5.1.1. By Value (USD Billion)
5.1.2. By Volume (Million Units)
5.2. Market Share & Forecast
5.2.1. By Form
5.2.1.1.Sheets
5.2.1.2.Rods & Tubes
5.2.1.3.Fibers
5.2.1.4.Films
5.2.1.5.Tapes
5.2.1.6.Others
5.2.2. By End Use Industry
5.2.2.1.Aerospace
5.2.2.2.Heathcare
5.2.2.3.Mechanical Equipment
5.2.2.4.Food & Beverages
5.2.2.5.Others
5.2.3. By Region
5.2.3.1.North America
5.2.3.2.Europe
5.2.3.3.Asia Pacific
5.2.3.4.Latin America
5.2.3.5.Middle East & Africa
6. North America Ultra-High Molecular Weight Polyethylene Fiber Market
6.1. Market Size & Forecast By Value, 2016-2026
6.1.1. By Value (USD Billion)
6.1.2. By Volume (Million Units)
6.2. Market Share & Forecast
6.2.1. By Form
6.2.2. By End Use Industry
6.2.3. By Country
6.2.3.1.United States
6.2.3.2.Canada
7. Europe Ultra-High Molecular Weight Polyethylene Fiber Market
7.1. Market Size & Forecast By Value, 2016-2026
7.1.1. By Value (USD Billion)
7.1.2. By Volume (Million Units)
7.2. Market Share & Forecast
7.2.1. By Form
7.2.2. By End Use Industry
7.2.3. By Country
7.2.3.1.Germany
7.2.3.2.United Kingdom
7.2.3.3.France
7.2.3.4.Spain
7.2.3.5.Italy
7.2.3.6.Rest of Europe
8. Asia Pacific Ultra-High Molecular Weight Polyethylene Fiber Market
8.1. Market Size & Forecast By Value, 2016-2026
8.1.1. By Value (USD Billion)
8.1.2. By Volume (Million Units)
8.2. Market Share & Forecast
8.2.1. By Form
8.2.2. By End Use Industry
8.2.3. By Country
8.2.3.1.China
8.2.3.2.India
8.2.3.3.Japan
8.2.3.4.South Korea
8.2.3.5.Rest of APAC
9. Latin America Ultra-High Molecular Weight Polyethylene Fiber Market
9.1. Market Size & Forecast By Value, 2016-2026
9.1.1. By Value (USD Billion)
9.1.2. By Volume (Million Units)
9.2. Market Share & Forecast
9.2.1. By Form
9.2.2. By End Use Industry
9.2.3. By Country
9.2.3.1.Brazil
9.2.3.2.Mexico
9.2.3.3.Argentina
9.2.3.4.Rest of Latin America
10. Middle East & Africa Ultra-High Molecular Weight Polyethylene Fiber Market
10.1.Market Size & Forecast By Value, 2016-2026
10.1.1. By Value (USD Billion)
10.1.2. By Volume (Million Units)
10.2.Market Share & Forecast
10.2.1. By Form
10.2.2. By End Use Industry
10.2.3. By Country
10.2.3.1. Saudi Arabia
10.2.3.2. UAE
10.2.3.3. South Africa
10.2.3.4. Rest of MEA
11. Company Profile (Company Overview, Financial Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) *
11.1.Celanese Corporation
11.2.Koninklijke DSM N.V.
11.3.LyondellBasell Industries N.V.
11.4.Braskem S.A
11.5.Asahi Kasei Corporation,
11.6.Du Pont De Nemours Inc.
11.7.Saudi Arabia Basic Industries Corporation
11.8.Mitsui Chemicals, Inc.
11.9.Honeywell International, Inc.
11.10. Celanese Corporation
11.11. Teijin Limited
11.12. Nanoshell LLC Corporation
11.13. Others
*Financial details of unlisted companies will be available as per data availability in final deliverable
**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable
List of Figures:
Fig: Global Ultra-High Molecular Weight Polyethylene Fiber Market Value Chain Analysis
Fig: Company Market Share Analysis, 2019
Fig: Global Ultra-High Molecular Weight Polyethylene Fiber Market Size, By Value (USD Billion), 2016-2026
Fig: Global Ultra-High Molecular Weight Polyethylene Fiber Market Share, By Form, By Value, 2016-2026
Fig: Global Ultra-High Molecular Weight Polyethylene Fiber Market Share, By End User, By Value, 2016-2026
Fig: North America Ultra-High Molecular Weight Polyethylene Fiber Market Size, By Value (USD Billion), 2016-2026
Fig: North America Ultra-High Molecular Weight Polyethylene Fiber Market Share, By Form, By Value, 2016-2026
Fig: North America Ultra-High Molecular Weight Polyethylene Fiber Market Share, By End User, By Value, 2016-2026
Fig: North America Ultra-High Molecular Weight Polyethylene Fiber Market Share, By Country, By Value, 2016-2026
Fig: Europe Ultra-High Molecular Weight Polyethylene Fiber Market Size, By Value (USD Billion), 2016-2026
Fig: Europe Ultra-High Molecular Weight Polyethylene Fiber Market Size, By Value (USD Billion), 2016-2026
Fig: Europe Ultra-High Molecular Weight Polyethylene Fiber Market Share, By Form, By Value, 2016-2026
Fig: Europe Ultra-High Molecular Weight Polyethylene Fiber Market Share, By End User, By Value, 2016-2026
Fig: Europe Ultra-High Molecular Weight Polyethylene Fiber Market Share, By Country, By Value, 2016-2026
Fig: Asia-Pacific Ultra-High Molecular Weight Polyethylene Fiber Market Size, By Value (USD Billion), 2016-2026
Fig: Asia-Pacific Ultra-High Molecular Weight Polyethylene Fiber Market Size, By Value (USD Billion), 2016-2026
Fig: Asia-Pacific Ultra-High Molecular Weight Polyethylene Fiber Market Share, By Form, By Value, 2016-2026
Fig: Asia-Pacific Ultra-High Molecular Weight Polyethylene Fiber Market Share, By End User, By Value, 2016-2026
Fig: Asia-Pacific Ultra-High Molecular Weight Polyethylene Fiber Market Share, By Country, By Value, 2016-2026
Fig: Latin America Ultra-High Molecular Weight Polyethylene Fiber Market Size, By Value (USD Billion), 2016-2026
Fig: Latin America Ultra-High Molecular Weight Polyethylene Fiber Market Size, By Value (USD Billion), 2016-2026
Fig: Latin America Ultra-High Molecular Weight Polyethylene Fiber Market Share, By Form, By Value, 2016-2026
Fig: Latin America Ultra-High Molecular Weight Polyethylene Fiber Market Share, By End User, By Value, 2016-2026
Fig: Latin America Ultra-High Molecular Weight Polyethylene Fiber Market Share, By Country, By Value, 2016-2026
Fig: Middle East & Africa Ultra-High Molecular Weight Polyethylene Fiber Market Size, By Value (USD Billion), 2016-2026
Fig: Middle East & Africa Ultra-High Molecular Weight Polyethylene Fiber Market Size, By Value (USD Billion), 2016-2026
Fig: Middle East & Africa Ultra-High Molecular Weight Polyethylene Fiber Market Share, By Form, By Value, 2016-2026
Fig: Middle East & Africa Ultra-High Molecular Weight Polyethylene Fiber Market Share, By End User, By Value, 2016-2026
Fig: Middle East & Africa Ultra-High Molecular Weight Polyethylene Fiber Market Share, By Country, By Value, 2016-2026
List of Tables:
Table: Global Ultra-High Molecular Weight Polyethylene Fiber Market Size, By Form, By Value, 2016-2026
Table: Global Ultra-High Molecular Weight Polyethylene Fiber Market Size, By End User, By Value, 2016-2026
Table: Global Ultra-High Molecular Weight Polyethylene Fiber Market Size, By Region, By Value, 2016-2026
Table: North America Ultra-High Molecular Weight Polyethylene Fiber Market Size, By Form, By Value, 2016-2026
Table: North America Ultra-High Molecular Weight Polyethylene Fiber Market Size, By End User, By Value, 2016-2026
Table: North America Ultra-High Molecular Weight Polyethylene Fiber Market Size, By Country, By Value, 2016-2026
Table: Europe Ultra-High Molecular Weight Polyethylene Fiber Market Size, By Form, By Value, 2016-2026
Table: Europe Ultra-High Molecular Weight Polyethylene Fiber Market Size, By End User, By Value, 2016-2026
Table: Europe Ultra-High Molecular Weight Polyethylene Fiber Market Size, By Country, By Value, 2016-2026
Table: Asia-Pacific Ultra-High Molecular Weight Polyethylene Fiber Market Size, By Form, By Value, 2016-2026
Table: Asia-Pacific Ultra-High Molecular Weight Polyethylene Fiber Market Size, By End User, By Value, 2016-2026
Table: Asia-Pacific Ultra-High Molecular Weight Polyethylene Fiber Market Size, By Country, By Value, 2016-2026
Table: Latin America Ultra-High Molecular Weight Polyethylene Fiber Market Size, By Form, By Value, 2016-2026
Table: Latin America Ultra-High Molecular Weight Polyethylene Fiber Market Size, By End User, By Value, 2016-2026
Table: Latin America Ultra-High Molecular Weight Polyethylene Fiber Market Size, By Country, By Value, 2016-2026
Table: Middle East & Africa Ultra-High Molecular Weight Polyethylene Fiber Market Size, By Form, By Value, 2016-2026
Table: Middle East & Africa Ultra-High Molecular Weight Polyethylene Fiber Market Size, By End User, By Value, 2016-2026
Table: Middle East & Africa Ultra-High Molecular Weight Polyethylene Fiber Market Size, By Country, By Value, 2016-2026
Table: Celanese Corporation Business Overview
Table: Koninklijke DSM N.V. Business Overview
Table: LyondellBasell Industries N.V. Business Overview
Table: Braskem S.A Business Overview
Table: Asahi Kasei Corporation Business Overview
Table: Du Pont De Nemours Inc. Business Overview
Table: Saudi Arabia Basic Industries Corporation Business Overview
Table: Mitsui Chemicals Inc Business Overview
Table: Honeywell International Inc Business Overview
Table: Celanese Corporation Business Overview
Table: Teijin Limited Business Overview
Table: Nanoshell LLC Corporation Business Overview
Table: Others Business Overview
Market Segmentation
By Form
- Sheets
- Rods & Tubes
- Fibers
- Films
- Tapes
- Others
By End Use Industry
- Aerospace
- Healthcare
- Food & Beverages
- Mechanical Equipment
- Others
By Region
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
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