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Ultra-High Molecular Weight Polyethylene Market Key Companies and Analysis, Top Trends by 2030

11-25-2022 08:40 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: We Market Research

Ultra-High Molecular Weight Polyethylene Market

Ultra-High Molecular Weight Polyethylene Market

The Global Ultra-High Molecular Weight Polyethylene Market is presently worth USD 1.8 billion and is poised to amplify at a CAGR of 9.1% over 2022-2030, thereby amassing a valuation of USD 3 billion by end of the assessment timeline.

Unusual mechanical and physical characteristics of ultra-high molecular weight polyethylene (UHMWPE), a distinct thermoplastic polymer, include acceptable biocompatibility, a low coefficient of friction, high impact strength at cryogenic temperatures, and good environmental stress-cracking resistance. This polyethylene typically has molecular masses between 2 and 6 million amu and has extremely long chains. The longer chain aids in more efficient weight transfer to the polymer backbone by improving intermolecular interactions.

As a result, the most impact-resistant thermoplastic currently made is created, which is exceptionally durable. UHMWPE is non-toxic and has no taste or odour. It is highly abrasion resistant, has a very low moisture absorption rate, a very low coefficient of friction, self-lubricates, and in some forms is 15 times more abrasion resistant than carbon steel.

With the exception of oxidising acids, it is also extremely resistant to corrosive substances. UHMWPEPE has a lower coefficient of friction than nylon and acetal and is more abrasion resistant, although having a coefficient of friction that is comparable to polytetrafluoroethylene (PTFE, Teflon). It is recognised as a high-performance engineered plastic in high abrasion applications where minimal friction is preferred, such as aircraft, oil and gas exploration, rail, medical equipment, material handling, and mining. Engineers frequently employ this material because of its exceptional durability and versatility.

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Global Ultra-High Molecular Weight Polyethylene Market- Key trends

Growing demand from the auto and defence industries will drive the market growth

An extremely high molecular density thermoplastic polymer with good performance is called ultra-high molecular weight polyethylene (UHMWPE). It has mostly been employed in the manufacture of various machined parts as well as autos, ballistic protection, and medical devices. Because of its qualities, UHMWPE has been in greater demand within the automotive industry. Vehicle components like valves, pistons, gears, bearings, and wear strips all use UHMWPE. However, the automobile industry has also experienced a fall in production and sales as a result of the COVID-19 impact, which reduced the demand for UHMWPE.

The market is expanding as a result of rising demand from numerous applications, including medical-grade and prosthetics, batteries, additives, fibres, filtration, and membranes. In addition, rising product demand from defence applications is anticipated to drive the market over the forecast period due to its superior physical features, such as resistance to moisture, chemicals, corrosion, and dirt, when compared to other polymers. The market is comprehensively evaluated in the report on the global ultra-high molecular weight polyethylene market. The research provides a thorough analysis of the market's key segments, trends, drivers, restraints, competitive environment, and other important elements.

Global Ultra-High Molecular Weight Polyethylene Market- Segmental assessment

By form
• Sheets and films
• Rods and tubes
• Fibres
• Tapes
• Others

By end-use industry
• Automotive
• Aerospace and defence
• Medical
• Chemical
• Electronics
• Others

Global Ultra-High Molecular Weight Polyethylene Market- Competitive landscape
The prominent companies defining the competitive terrain of this marketplace are Celanese Corporation (US), Royal DSM N.V. (Netherlands), LyondellBasell Industries N.V. (Netherlands), Braskem S.A (Brazil), Asahi Kasei Corporation , (Japan), DuPont De Nemours Inc. (US), Korea Petrochemicals Ind. Co., Ltd. (South Korea), Mitsui Chemicals, Inc. (Japan), Honeywell International, Inc. (US), and Teijin Limited (Japan) and others.

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Frequently Asked Questions
• What is the CAGR rate for Global Ultra-High Molecular Weight Polyethylene Market over 2022-2030?
• What are the major drivers which aid the Global Ultra-High Molecular Weight Polyethylene Market?
• What are the segments of the Global Ultra-High Molecular Weight Polyethylene Market?
• Which is the fastest growing region in the Global Ultra-High Molecular Weight Polyethylene Market?
• What are some major strategies used by top players for the expansion of their business in the Global Ultra-High Molecular Weight Polyethylene Market?

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About We Market Research:
WE MARKET RESEARCH is an established market analytics and research firm with a domain experience sprawling across different industries. We have been working on multi-county market studies right from our inception. Over the time, from our existence, we have gained laurels for our deep rooted market studies and insightful analysis of different markets.
Our strategic market analysis and capability to comprehend deep cultural, conceptual and social aspects of various tangled markets has helped us make a mark for ourselves in the industry. WE MARKET RESEARCH is a frontrunner in helping numerous companies; both regional and international to successfully achieve their business goals based on our in-depth market analysis. Moreover, we are also capable of devising market strategies that ensure guaranteed customer bases for our clients.

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