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UHMWPE Market Ultra High Molecular Weight Polyethylene Industry analysis, Key Companies and Forecasts to 2021


PUNE, Oct. 11, 2017 /PRNewswire-iReach/ -- Ultra High Molecular Weight Polyethylene (UHMWPE), a kind of linear polyethylene with relative molecular weight of above 1.5 million and an engineering thermoplastic with excellent comprehensive properties, can be processed into products like sheets, pipes, fibers and films. It is primarily used in high-end fields, such as body armor, bulletproof helmet, bulletproof armor, anti-cutting gloves and aerospace, marine equipment, rail transit, medical stents and lithium-battery separator.

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Global UHMWPE resin capacity and demand were 221kt and 200kt in 2016, respectively. As manufacturing has increasingly higher requirements on material properties, UHMWPE resin enjoys broad market prospects because of its excellent properties, finding output and demand as estimated 380kt and 367kt in 2021 separately.

UHMWPE fiber, a fiber spun out of UHMWPE, is a key strategic and high-tech material and one of three high-performance fibers, and has been in a state of short supply. Global demand for UHMWPE fiber was about 60kt in 2016, compared with an output of only 30kt or so. As more military and civilian products (like high-strength light cables) are developed, the demand for UHMWPE fiber is expected to maintain a growth rate of around 15% over the next five years, reaching 108.7kt in 2021 but still in short supply.

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Meanwhile, the demand far exceeds the supply in the Chinese market. About 20kt of UHMWPE fiber was needed in the country in 2016, while the output was roughly 9kt. Restricted by lack of production technologies for spinning-grade specialty resins and weaker spinning technology and outdated production facilities than that in the developed countries, local Chinese enterprises produce mainly mid and low-end products, while high-end ones are monopolized by foreign players with core technologies including Dutch DSM, U.S. Honeywell and Japanese Mitsui Chemicals. DSM produces the most in the world.

Major global UHMWPE resin makers include CELANESE, Braskem, DSM and Mitsui Chemicals. CELANESE has the world's largest UHMWPE products capacity with production bases in Oberhausen (Germany), Bishop, Texas (U.S.) and Nanjing (China) with capacity totaling about 108kt/a, followed by Braskem with capacity of approximately 45kt/a.

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Key local Chinese resin producers are Henan Wosen Ultra-high Chemical Industry Science and Technology, Shanghai Lianle Chemical Industry Science and Technology, Anhui Tejiajin Fine Chemicals, Jiujiang Zhongke Xinxing New Materials and Sinopec Qilu Petrochemical Company with a combined capacity of about 80kt/a (including Celanese's Nanjing-based plant), indicating a highly concentrated market but mainly for mid and low-end products due to technological limitations. Driven by rapid growth in demand from the downstream sectors of UHMWPE resin in recent years, companies have kept expanding capacity to scramble for market share. Jiujiang Zhongke Xinxing New Materials is building 60kt/a UHMWPE resin project, and Nanjing Jinling Plastic & Petrochemical is constructing 10kt/a UHMWPE project.

The UHMWPE market is expected to grow rapidly over the next couple of years with completion and operation of new enterprises and capacity expansion of existing companies going simultaneously. High-performance, low-cost and special-purpose will be main trends of UHMWPE resin. If Chinese producers wish to grab a larger market share, they must improve the quality of products, beside price factor.

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Global and China Ultra High Molecular Weight Polyethylene (UHMWPE) Industry Report, 2017-2021 highlights the followings:

Table of Contents:

1.Overview

2. UHMWPE Resin Market

3. UHMWPE Fiber Market

4. Other UHMWPE Products Market

5. UHMWPE Resin Companies

6. UHMWPE Fiber Companies

List of Charts.

Media Contact: Hrishikesh Patwardhan, ReportsnReports, + 1 888 391 5441, [email protected]

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SOURCE ReportsnReports.com



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