Ultra-high Molecular Weight Polyethylene Market to Exhibit 10.1% CAGR till 2027; Increasing Demand from the Electronics Industry to Aid Growth

The global ultra-high molecular weight polyethylene (UHMWPE) market size is set to reach USD 3,319.0 million by 2027 owing to the increasing applications in the electronics industry, observes Fortune Business Insights™ in its report, titled, “Ultra-high Molecular Weight Polyethylene Market Size, Share & Covid-19 Impact Analysis, By Form (Sheets & Films, Rods & Tubes, Fibers, Tapes, and Others), By End-Use (Automotive, Aerospace & Defense, Medical, Chemical, Electronics, and Others) and Regional Forecast, 2020-2027.” As per the analysis, the market value stood at USD 1,691.2 million in 2019 and is expected to register a CAGR of 10.1% from 2020 to 2027.

Mitsui Chemicals, Inc. Announces Expansion in Japan

In August 2018, Mitsui Chemicals, Inc. announced plans to expand its production facilities in Japan. The company planned to manufacture HI-ZEX MILLION, an ultra-high molecular weight polyethylene product, in these facilities. This expansion helped the company increase its annual production capacity from 7,500 tons to 8,500 tons. In addition, it will enable the company to fulfill the increasing demand from several newly emerging industries including automotive and industrial batteries.

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Increasing Demand from Electronics Industry Worldwide to Drive Growth

Increasing applications in the electronics sector are estimated to drive the ultra-high molecular weight polyethylene market growth. In addition, the rapid expansion of the global electronics industry is projected to further strengthen the demand for ultra-high molecular weight polyethylene. For instance, according to Statista, in 2020, a total of 2.17 billion units of electronic consumer devices were sold worldwide. Moreover, the increasing utilization of UHMWPE in medical implants is predicted to enhance its growth in the healthcare industry. However, the high cost of the product may restrain growth.

Expansion of Production Capacity to Aid Key Players Expand their Product Lines

Key players operating in the global ultra-high molecular weight polyethylene market are focused on business expansion. They are embarking on expanding their production capacities in order to increase their portfolios. For instance, in October 2020, Celanese Corporation started a new production line for GUR UHMWPE at its Texas manufacturing facility. This expansion will increase the company’s GUR engineered materials portfolio.

Industry Developments-

• In August 2020, Teijin Limited, in partnership with Kinoshita Fishing Net Mfg. Co., Ltd., announced the launch of a newly developed high-performance knotless fishing net made from UHMWPE film.


• In November 2019, Honeywell expanded the production capacity of its spectra fiber, which is made from UHMWPE. The company is planning to fulfill the demand from militaries and law enforcement applications with the increased capacity.

A List of Key Manufacturers Operating in the Market for Ultra-high Molecular Weight Polyethylene:

• Celanese Corporation (US)


• LyondellBasell Industries N.V. (Netherlands)


• Saudi Arabia Basic Industries Corporation (Saudi Arabia)


• Asahi Kasei Corporation (Japan)


• DSM (Netherlands)


• Braskem (Brazil)


• DuPont (US)


• Mitsui Chemicals, Inc. (Japan)


• Honeywell International, Inc. (US)


• Teijin Limited (Japan)


• Other Players

Further Report Findings:

• Based on the form, the sheets & films segment led the global ultra-high molecular weight polyethylene market, holding the largest share in 2019. Extensive utilization of UHMWPE as sheets & films in bunkers, dump trucks, truck loading platforms, chutes, lining silos, and rail wagons is driving the segment growth.


• Based on the region, North America is set to lead the global ultra-high molecular weight polyethylene market share. In 2019, the market value in North America stood at USD 646.6 million. The high demand for UHMWPE in the region is attributed to the increasing adoption of electronic vehicles in the U.S.


• Based on the end-use, the chemical segment has showcased steady growth with a 9.7% share of the global market. Based on the U.S. market, the segment has secured a total share of 9.2%. 

Table of Segmentation