logo
logo
Sign in

Ultra-High Molecular Weight Polyethylene Market 2021 Global Industry Share, Global Research, Top Leading Players, Emerging Trends, Region by Forecast

avatar
FBI



UHMWPE Market


Ultra-high molecular weight polyethylene (UHMWPE) is a synthetic thermoplastic polymer made from ethylene molecules that have long, straight chains. UHMWPE molecules are typically very large, which allows them to have superior sliding, abrasion, and impact resistance compared to other polymers. Additionally, UHMWPE is lightweight, non-toxic, and can absorb energy, making it an ideal choice for a variety of industrial applications.


The global UHMWPE market is expected to grow steadily over the next five years, driven by the increasing demand for lightweight materials in industries such as automotive, aerospace, construction and medical, where UHMWPE can be found in items ranging from safety cables to hip implants. Global demand is also being driven by an increasing number of stringent regulations in the automotive and construction sectors, as well as the growing trend of replacing metal components with plastic ones.


UHMWPE Market Forecast


https://www.fortunebusinessinsights.com/textile-colorant-market-105468


The global UHMWPE market is segmented by application oriented into the following industry segments: automotive, construction, medical and others. Automotive is expected to be the largest segment, accounting for a 30.2% market share in 2016, followed by the medical segment, which is expected to have the second-largest market share of 20.1%. The construction and others segments are expected to have the third- and fourth-largest market shares, respectively.


Global UHMWPE Industry


The global UHMWPE market is highly competitive with major players such as DuPont, DSM, DSM SABIC, and RTP among others. They have a strong presence in the global market owing to their superior product portfolio and technological expertise. The companies are also increasing the focus on developments such as mergers, acquisitions and partnerships in order to capture higher market share and increase their product portfolio.


The global UHMWPE market is also influenced by regional and global trends in the end-use industries such as automotive and medical. In the automotive industry, the trend of lightweight materials is majorly driving the demand for UHMWPE. Furthermore, the medical industry is also driving the market demand for UHMWPE components such as fasteners and joint replacements due to its superior wear and tear resistance.


To conclude, the global UHMWPE market is expected to grow at a significant rate over the forecast period, driven by increasing demand from the major end-user industries such as automotive, construction, and medical, as well as technological advancements and an increasing focus on sustainability from the key players.

collect
0
avatar
FBI
guide
Zupyak is the world’s largest content marketing community, with over 400 000 members and 3 million articles. Explore and get your content discovered.
Read more