Ultra High Molecular Weight Polyethylene Market size is projected to reach US$3.1 billion by 2027, after growing at a CAGR of 10.1% during the forecast period 2022-2027. The use of Ultra High Molecular
Weight Polyethylene in transportation has increased significantly. Ultra High
Molecular Weight Polyethylene (UHMWPE), also known as high-modulus polyethylene,
is a thermoplastic polyethylene. Rising product demand from transportation
applications, as well as its superior physical properties compared to other
polymers, will drive market growth during the forecast period. According to the
UK Ministry of Defence, the government will spend £42.4 billion on defense in
2020/21, a £2.5 billion increase over the previous year.
Ultra High Molecular Weight
Polyethylene Market: Leading Segment in Transportation Market
On the basis of the end-use
industry, the Ultra High Molecular Weight Polyethylene market can be segmented
into transportation, electrical & electronics, oil & gas, water
treatment, chemical & pharmaceutical and others. During the forecast period
2022-2027, the transportation segment is expected to grow with a CAGR of 9.6%.
Ultra High Molecular Weight Polyethylene is used as the friction part of the
axle sleeve, sliding sleeve, and lining material equipment in plastic injection
molding automotive parts. The market for Ultra High Molecular Weight
Polyethylene is being driven by rising transportation demand. According to the
Energy Information Administration (EIA), there will be 1.7 million automobiles
in the world by 2035. Automobile output increased by 10% in the first nine
months of 2021, to 57.26 million vehicles, up from 52.15 million units in the
same period last year, according to the International Organization of Motor
Vehicle Manufacturers (OICA).
Ultra High Molecular Weight
Polyethylene Market: Leading Region in Asia-Pacific
On the basis of geography, the Ultra
High Molecular Weight Polyethylene market can be segmented into North America,
South America, Europe, APAC, and ROW. According to IndustryARC’s analysis, Asia-Pacific
has emerged as the most profitable region in the market. In 2022, the Asia-Pacific
region held a 10.9% share of the total revenue earned by the market globally. Asia-Pacific
countries including the India and China are ahead comparatively in terms of consuming
automotive products. The automotive sector in Asia-Pacific is rapidly growing due to a
flourishing base for automotive manufacturers, demand for automotive compounds
and production rise. According to India Brand Equity Foundation, in 2021, the
Indian passenger car market was valued at US$ 32.70 billion and it is expected
to grow to US$ 54.84 billion by 2027.
The Ultra High Molecular Weight
Polyethylene market will also gain demand from the North American region. The U.S and Canada are emerging as competitive countries in the Ultra High Molecular
Weight Polyethylene market.
Ultra High Molecular Weight
Polyethylene Market: Competitive Landscape
Key companies holding major
shares in the Ultra High Molecular Weight Polyethylene market are
LyondellBasell Industries Holdings B.V, Koninklijke DSM N.V, China
Petrochemical Corporation, Crown Plastics, Inc, Braskem, Asahi Kasei
Corporation, Celanese Corporation, Dotmar Engineering Plastics, Honeywall
International, Inc, Mitsui Chemicals, Inc
R&D Investments
In June 2022, Repsol will construct a new UHMWPE plant in Spain. The new plantpolyethene produces ultra-high molecular weight polyethylene (UHMWPE), will open in 2024 and have a capacity of 15,000 tonnes per year.
In March 2021, Celanese Corporation announced plans to increase its GUR UHMWPE production capacity in Europe. The expansion will help the company's high-value GUR engineered materials portfolio grow significantly.
Mr. Venkat Reddy
Sales Manager
Email: [email protected]
Contact Sales: +1-970-236-3677