The UHMW PE market size is projected to grow from USD 2.2 billion in 2024 to USD 3.4 billion by 2029, registering a CAGR of 9.5% during the forecast period. The demand for UHMW PE is driven by factors such as advancements in medical technologies and increased aircraft production. High impact strength, self lubrication and chemical resistance are some properties of UHMW PE which makes it ideal to be used in various industries.
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The aforementioned reasons are anticipated to contribute to the UHMW PE market’s continued growth in the upcoming years. In order to keep up with the increasing demand, the major competitors in the market are concentrating on growth and acquisitions. In order to secure steady growth and fortify their positions in the market, they have implemented these techniques. They are able to effectively address the increasing demand for application and end-use industries thanks to these techniques. Also, companies operating in this market, such as Braskem (Brazil), Celanese Corporation (US), LyondellBasell Industries N.V. (Netherlands), Dsm-firmenich (Netherlands), Asahi Kasei Corporation (Japan), Avient Corporation (US), Mitsui Chemicals (Japan), Korea Petrochemical Ind Co., Ltd (South Korea), Teijin Limited (Japan), and Honeywell International Inc. (US) among others adopt mergers & acquisitions and investment & expansions, to increase their market shares and expand their geographic presence.
Braskem is one of the leading petrochemical companies and a biopolymer producer. The company offers products under three categories: polyolefins, vinyls, and chemicals. It provides polyethylene, green polyethylene, UTEC, polypropylene, and polyvinyl chloride resins under polyolefins; chlorine-soda, polyvinyl chloride, and ethylene dichloride under vinyls; and ethene, propylene, butadiene, paraxylene, benzene, toluene, solvents, gasoline, and other products under chemicals. The company offers UHMW PE under its polyolefins category. The company mainly serves the adhesives, agribusiness, rubber, construction, automotive, lubricants, paints and coatings, and retail industries. They are known as one of the top leader and pioneer in the production of biopolymers made from sugarcane ethanol on an industrial scale and the largest producer of thermoplastic resins in the Americas. It has a global presence, with 41 industrial units spread over Brazil, US, Germany, and Mexico, 14 business offices worldwide, and 2 recycling units in South America and Europe.
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Celanese Corporation is engaged in the provision of technology and specialty materials business. It operates through the following segments: engineered materials, acetate tow, and acetyl chain. The engineered materials segment includes engineered materials, food ingredients, and certain strategic affiliates. The company offers UHMW PE through its engineered material segment. It caters to the needs of various industries such as adhesive, aerospace, agriculture, appliance, automotive & transportation, building & construction, chemicals, coatings, consumer goods, electrical & electronics, energy, fluid handling, food & beverage, homecare, medical & pharma, oil, gas & mining, packaging, film & printing, personal care & cosmetics, and textiles, fibers & filtration. The company has 50 owned and operated manufacturing facilities, with operations in 27 countries worldwide and additional production facilities. The company has a presence in the US, the Netherlands, Germany, China, India, and Japan.
LyondellBasell Industries N.V. is one of the world’s largest refining companies. It operates through the following segments: Olefins and Polyolefins-Americas (O&P-Americas), Olefins and Polyolefins-Europe, Asia, International (O&P-EAI), Intermediates and Derivatives (I&D), Advanced Polymer Solutions (APS), Refining, and Technology. It offers UHMW PE under the Olefins and Polyolefins (Americas and EAI) segment. The company offers various products such as ethylene & ethylene co-products, polyolefins & polypropylene compounds, propylene oxide & its co-products, acetyls, oxygenated fuels, gasoline, diesel fuel, chemicals, polyolefin process technologies, and polyolefin catalysts. It operates with about 94 manufacturing sites in 32 countries across all the regions.
Dsm-firmenich operates a significant nutritional and pharmaceutical ingredients and industrial chemicals business. Its business segments include perfumery & beauty animal nutrition & health , health, nutrition & care segment, taste,texture & health, innovation center, and corporate activities. The company offers UHMW PE in biomedical solution under the HNC (health, nutrition & care) segment. Under the biomedical solution the company offers variety of products of high-performance materials, including hydrophilic coatings, medical-grade polyurethanes, regenerative biomaterials, natural biomaterials and ultra purity UHMW PE fiber, membrane, and powder products. The company has a presence in Europe, Asia Pacific, the Middle East & Africa, and South America, with its production units in Austria, Grenzach, Jiangshan, Maroussi, Sisseln, and Village-Neuf.
Asahi Kasei Corporation is a chemical company providing products and services to assist manufacturing processes. It operates through the materials, residential, and healthcare segments. The Materials segment provides caustic soda, chlorine, acrylonitrile, styrene, methyl methacrylate, adipic acid, polyethylene, polystyrene, and other petrochemicals. The company offers UHMW PE under the materials segment. The UHMW PE developed and manufactured by Asahi Kasei is offered as pipes, rods, and guide rails. The company has a presence in North America, Europe, Asia Pacific, and South America.
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