5 Major Companies Revolutionising the Dynamics of the Global Ultra-High Molecular Weight Polyethylene Market

Celanese Corporation, Lyondellbasell Industries Holdings B.V., Koninklijke DSM N.V., Mitsubishi Chemical Holdings Group, and Asahi Kasei Advance Corporation, among others, are the major players in the global ultra-high molecular weight polyethylene market.

The global ultra-high molecular weight polyethylene market is projected to grow at a CAGR of 10% between 2023 and 2028. As per the analysis by Expert Market Research, the rising utilisation of ultra-high molecular weight polyethylene in the medical and defence sectors is propelling the market growth.

The growing number of hip and knee replacement surgeries amid the rising accessibility to robust and cost-effective healthcare is propelling the market growth of ultra-high molecular weight polyethylene (UHMWPE). Several favourable properties like high abrasion resistance, versatility, biocompatibility, wear resistance, and toughness, among others, are surging the use of UHMWPE in the medical sector.

The development of innovative UHMWPE sterilisation methods to eliminate or reduce its susceptibility to oxidative degradation after gamma radiation is expected to increase its use in various medical applications. Technological advancements and innovations are improving the properties of UHMWPE, which is likely to surge its use in orthopaedic applications in the medical sector. Moreover, the surging demand for the material in the manufacturing of construction profiles, military equipment, and lithium-ion battery separators is anticipated to support the market in upcoming years.

In March 2021, Celanese Corporation announced its decision to expand the production capabilities of its GUR® ultra-high molecular weight polyethylene (UHMW-PE) in Europe. The expansion, set to be online in Q1 2024, is aimed to meet the growing demand for UHMWPE in the electric vehicle and medical sectors. The expansion was also intended to reinforce the company’s position as a leading supplier of UHMWPE across the globe.

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Top 5 Ultra-High Molecular Weight Polyethylene Companies:

Celanese Corporation

Celanese is a company engaged in the production of chemical and speciality products used in various end-use sectors. The company has two complementary business verticals, namely acetyl chain and material solutions. It is a leading global producer of acetyl products and high-engineering products. With 94 manufacturing sites and 8700 employees, the company has a wide presence in 32 countries. It is also the world’s leading producer of acetic acid.

LyondellBasell Industries Holdings B.V.

LyondellBasell is a leading chemicals, plastics, and refining companies across the globe. The company aims to develop innovative solutions to protect the purity of water supplies, enhance food safety, ensure effective and safe functionality in electronic equipment, and improve the fuel-efficiency, comfortability, and safety of automobiles. Its products, solutions, and technologies are used in over 100 international markets. In Q2 2022, the company generated net income of USD 1.6 billion.

Koninklijke DSM N.V.a

Koninklijke DSM (Royal DSM) is a leading health and nutrition company that deploys science to improve the health of the planet and its inhabitants. Some of the major businesses of the company include care and health, animal nutrition and health, human nutrition, and food and beverage. In 2021, the company generated net sales of EUR 7269 million. In December 2021, it acquired Vestkorn Milling to expand its portfolio in the alternative protein business. It serves various key markets, including pharmaceuticals, personal care, automotive, food and beverage, and electronics, among others.

Mitsubishi Chemical Holdings Group

Mitsubishi Chemical Holdings Corporation is a Japanese company engaged in the manufacturing of industrial materials and performance products, among others. It intends to reduce greenhouse emissions, achieve circular economy, and combat food and water issues. Some of its leading products include carbon fibre, MMA, multi-layered film.

Asahi Kasei Advance Corporation

Asahi Casei is a Japanese corporation that specialises in producing chemical and material science products. The company delivers its sustainable solutions across its three business sectors, namely, material, home, and health care. It has diversified its operations from the ammonia and cellulose fibre business during its initial foundation days in 1922 into acrylonitrile, construction materials, petrochemicals, glass fabrics, ethylene, medical devices, electronics, engineered resins, pharmaceuticals, and liquors sector. The company has an employee force of 46,751, with total assets worth JPY 2.91 million in FY 2021.