Jan 15, 2022   SOURCE: BusinessWire

Insights on the Ultra-High Molecular Weight Polyethylene Global Market to 2026 - Increasing Geriatric Population Coupled With Increased Demand for Orthopaedic Implants is Driving Growth - ResearchAndMarkets.com

The "Global Ultra-High Molecular Weight Polyethylene Market, By Form, By Application, By End-Use Industry, By Region, Estimation & Forecast, 2016 - 2026" report has been added to ResearchAndMarkets.com's offering.

The global Ultra-High Molecular Weight Polyethylene (UHMWPE) market accounted for a market value of USD 1,795.8 Million in 2020 and is forecasted to reach USD 3,815.1 Million by the year 2026. The market is anticipated to register a CAGR of 13.4% during the projected period. The amount of UHMWPE sold in 2020 was 134.13 kilo tons.

Ultra-High Molecular Weight Polyethylene is also known as high-modulus polyethylene and is a subset of the thermoplastic polyethylene. The increasing geriatric population coupled with increased demand for orthopaedic implants is expected to boost the market growth. Furthermore, high range of applications of UHMWPE and rising demand for electric vehicles is also anticipated to drive the market growth.

However, the presence of substitutes such as polyoxymethylene, urethane, fluorpolymers, and polycarbonate is likely to negatively hamper the market growth. Moreover, the volatile prices of raw material coupled with low melting point and unsuitability for high load applications are also expected to hinder the market growth.

Growth Influencers:

Increasing geriatric population coupled with increased demand for orthopaedic implants

The usage of ultra-high molecular weight polyethylene in the medical industry for manufacturing of orthopaedic implants is increasing, as the material is wear-resistant, highly biocompatible, and ductile. Therefore, growing demand for orthopaedic implants owing to high prevalence of orthopaedic disorders and rising geriatric population is boosting the demand for UHMWPE, hence fueling the market growth during the forecast period.

Competitive Landscape:

Key players operating in the global Ultra-High Molecular Weight Polyethylene market include Celanese Corporation, The Mitsubishi Chemical Advanced Materials Group of Companies, LyondellBasell Industries B.V., Dow, Inc., Braskem S.A., Mitsui Chemicals, Asahi Kasei Advance Corporation, Crown Plastics Co. Inc., Global Polymers, Garland Manufacturing, Dotmar EPP Pty. Ltd, Redwood Plastics & Rubber, A&C Plastics, and Roechling Engineering Plastics Pte Ltd, among others.

These market players are involved in collaborations, mergers & acquisitions, and new product launches to strengthen their market presence. For instance, in June 2021, Mitsubishi Chemical Advanced Materials launched a new group of thermoplastic polymers, the VMX portfolio, which are metal, visually, and X-Ray detectable. The products include Ketron VMX PEEK, Acetron VMX POM-C, TIVAR VMX UHMW-PE, and Nylatron VMX PA6. All these products were available for sale in North America from 1st August 2021 and in Europe from 14th June 2021.

Key Questions Answered:

  • What is the market size and forecast of the Global Ultra-High Molecular Weight Polyethylene Market?
  • What are the inhibiting factors and impact of COVID-19 on the Global Ultra-High Molecular Weight Polyethylene Market during the assessment period?
  • Which are the products/segments/applications/areas to invest in over the assessment period in the Global Ultra-High Molecular Weight Polyethylene Market?
  • What is the competitive strategic window for opportunities in the Global Ultra-High Molecular Weight Polyethylene Market?
  • What are the technology trends and regulatory frameworks in the Global Ultra-High Molecular Weight Polyethylene Market?
  • What is the market share of the leading players in the Global Ultra-High Molecular Weight Polyethylene Market?
  • What modes and strategic moves are considered favorable for entering the Global Ultra-High Molecular Weight Polyethylene Market?

Key Topics Covered:

Chapter 1. Research Framework

Chapter 2. Research Methodology

Chapter 3. Executive Summary: Global Ultra-High Molecular Weight Polyethylene Market

Chapter 4. Global Ultra-High Molecular Weight Polyethylene Market Overview

Chapter 5. Ultra-High Molecular Weight Polyethylene Market Analysis, By Form

Chapter 6. Ultra-High Molecular Weight Polyethylene Market Analysis, By End Use Industry

Chapter 7. Ultra-High Molecular Weight Polyethylene Market Analysis, By Application

Chapter 8. Ultra-High Molecular Weight Polyethylene Market Analysis, By Region/Country

Chapter 9. North America Ultra-High Molecular Weight Polyethylene Market Analysis

Chapter 10. Europe Ultra-High Molecular Weight Polyethylene Market Analysis

Chapter 11. Asia Pacific Ultra-High Molecular Weight Polyethylene Market Analysis

Chapter 12. Middle East Ultra-High Molecular Weight Polyethylene Market Analysis

Chapter 13. Africa Ultra-High Molecular Weight Polyethylene Market Analysis

Chapter 14. South America Ultra-High Molecular Weight Polyethylene Market Analysis

Chapter 15. Company Profile

For more information about this report visit https://www.researchandmarkets.com/r/nh4xd1