Top 4 Recent Developments in Ultra-High Molecular Weight Polyethylene Market

The ultra-high molecular weight polyethylene (UHMW PE) market is estimated at USD 1.4 billion in 2020 and is projected to reach USD 2.2 billion by 2025, at a CAGR of 9.4% from 2020 to 2025. Ultra-High Molecular Weight Polyethylene (UHMW PE) is a simple linear background polyethylene possessing unique properties. Due to its ultra-high molecular density, it provides high abrasion resistance and impact strength in comparison to other engineering polymers. Apart from this, the material can also be optimized for more application specific requirements such as noise resistance, low coefficient of friction, excellent chemical resistance, self-lubrication, bio-compatibility, wear resistance, and electric insulation resistance.

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Recent Developments

• In July 2019, DSM acquired majority shares of ICD, a UHMW PE fiber manufacturer in China. The acquisition of the majority share in ICD will bring complementary manufacturing and technology assets to DSM and will strengthen the company’s presence in this UHMW PE market.
• In July 2019, DSM introduced Dyneema Purity Black fiber, the first black medical-grade UHMW PE fiber. The fiber builds are expected to be 15 times stronger than steel, has a small profile, high pliability, and biocompatibility
• In August 2018, Mitsui Chemicals, Inc expanded production facilities to manufacture HI-ZEX ultra-high molecular weight polyethylene in response to the growing demand for automotive and industrial batteries. This expansion helped the company’s production capacity for HI-ZEX MILLION by about 15% to 8,500 tons per year.
• In April 2018, Celanese Corporation announced the addition of a new GUR ultra-high molecular weight polyethylene (UHMW PE) production line at its Nanjing, China manufacturing facility to support the growth in its engineered materials business, specifically the electric vehicle market.

The UHMW PE market in the Asia Pacific region is projected to grow at the highest CAGR between 2020 and 2025. China, India, and Japan together accounted for the major share of the Asia Pacific UHMW PE market in 2019. The Asia Pacific region is an emerging and lucrative market for UHMW PE, owing to industrial development and improving economic conditions. In addition, the growth of the medical industry in Asia Pacific is one of the reason leading to an increase in the demand for UHMW PE. UHMW PE is also being used in mechanical equipment. The presence of a number of mechanical component manufacturing plants in China and rapid industrialization in Asia Pacific are expected to drive the UHMW PE market in the coming years.

Major companies such as Celanese Corporation (US), Koninklijke DSM N.V. (Netherlands), LyondellBasell Industries N.V. (Netherlands), Braskem S.A (Brazil), Asahi Kasei Corporation, (Japan) Du Pont De Nemours Inc. (US), Saudi Arabia Basic Industries Corporation (Saudi Arabia), Mitsui Chemicals, Inc. (Japan), Honeywell International, Inc. (US), and Teijin Limited (Japan) and others are key players in the UHMW PE market.

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Activated Carbon Filters Market- Analysis of Potential Market Opportunity Worth $330 million by 2025

The activated carbon filters market size is projected to grow from an estimated value of USD 267.3 million in 2020 to USD 330 million by 2025, at a CAGR of 4.4% during the forecast period. The growth in activated cabon filters market is attributed to the stringent regulation on industrial discharge to control water pollution and regulations drinking water quality standards to control water borne dieases. The market growth is also attributed to the rapid urbanization and growth in industrial, food & beverage, pharmaceutical applications. One of the emerging applications of activated carbon filters is gas separation. Activated carbon filters are used to separate components of gas through pressure swing adsorption phenomena (PSA).

Stainless steel shell is the fastest-growing segment of activated carbon filters market

Stainless steel shell was the largest segment of the activated carbon filters markets globally in 2019 in terms of value. The stainless steel shell is anticipated to account for the biggest share of the overall activated carbon filters market during the forecast period. The growth of stainless steel shell activated carbon filters is attributed to its durability and less-corrosive properties. Carbon steel shell activated carbon filters are less durable because of its corrosive nature.

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Industrial water pollution treatment is the largest application of activated carbon filters market

The industrial water pollution treatment application is expected to be the largest, and drinking water purification application is expected to be the fastest-growing segment in the overall market. The global activated carbon filters market is mainly driven by the implementation of stringent regulations by regional governments and environmental agencies to control water pollution. Also, activated carbon filters are used to treat industrial discharge to re-use it in the manufacturing rocess again. Re-use of industrial discharge water and water pollution control are the two major making industrial water pollution treatment the largest application in the market.

APAC is the largest as well as the fastest-growing market for activated carbon filters market.

APAC is estimated to be the largest market for activated carbon filters in 2019. The market for this region is segmented into China, India, Japan, Malaysia, Indonesia, and the Rest of APAC. According to the World Bank, APAC is the fastest-growing region in terms of both population and economy. The region has witnessed significant growth in the past decade, accounting for over one-third of the world’s GDP. High economic growth, coupled with the increasing population, is expected to drive the region’s industrial sector. This is expected to increase the demand for activated carbon filters in water pollution treatment and water purification applications.

The key companies profiled in this report on the activated caron filters market include TIGG LLC (US), Puragen Activated Carbons (US), Cabot Corporation (US), Westech Engineering (US), Kuraray Co. Ltd. (Japan), Lenntech B.V. (The Netherlands), Donau Carbon Corporation (Germany), General Carbon Corporation (US), Sereco S.R.L. (Italy), Carbtrol Corp (US).

TIGG LLC (US) is one of the leading players in the activated carbon filters market and a subsidiary of Newterra Ltd. The company offers a wide range of standard and custom made granular activated carbon adsorption and filtration systems. It provides filtration equipment for liquid and vapor treatment solutions for industrial manufacturing, municipal water treatment, air filtration, water filtration, environmental remediation application, and activated carbon & media exchange services. It is fully certified with ASME code shop and has both National R and ASME U stamp certifications.

Puragen Activated Carbons (US) is one of the major players in the activated carbon filters market. The company provides activated carbon filters under the brand name OxGuard. Its high-grade carbon steel filtration vessel, meets material standards of FDA (Food & Drug Authority), EPA (Environmental Protection Agency), and AWWA (American Water Works Association). The company provides activated carbon filtration equipment to a wide variety of markets and applications, such as water filtration, air filtration, chemical manufacturing, decolorization and impurity removal in food & beverage, and pharmaceutical industries.

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Geomembranes Market Dynamics- Forecast 2025

The global geomembranes market size is expected to grow from USD 2.1 billion in 2020 to USD 3.2 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 8.3%. The major driving factors are increasing mining activities in APAC and South America and the growing concerns towards waste and water management activities.

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Driver: Increased mining activities in APAC and South America

Rapid industrialization and urbanization in key countries such as China and India have spurred the demand for metals and minerals in the past few years. Other countries in APAC that have attracted significant mining investments include Australia, New Zealand, Japan, South Korea, Singapore, Mongolia, and Indonesia. South America is also a high-growth region for the mining industry. It has become a preferred destination for mining investments by major global mining companies. Key countries such as Brazil, Peru, and Chile have large mining capacities and have witnessed increased investments from foreign companies over the past five years. The mining industry is one of the major consumers of geomembranes. Geomembranes are used to help recapture and recycle the harmful chemicals being used in solution to treat ponds and secondary containment applications. This is expected to drive the geomembranes market during the forecast period.

Restrain: Fluctuating raw material prices on account of volatility in crude oil prices

Volatility in crude oil prices is one of the major restraining factor for geomembranes manufacturers. Most raw materials for geomembranes are petroleum-based and are vulnerable to fluctuations in crude oil prices. The rise or fall in crude oil prices directly impacts the price of the raw materials required for geomembranes. Manufacturers have to cope with high and volatile raw material costs, which reduce their profit margins. This scenario has compelled market players to enhance the efficiency and productivity of their operations to sustain growth and retain market share.

Opportunity: Increasing spending on infrastructure development

Infrastructure development includes creating water supply and treatment plants, roads, tunnels, dams, railways, airports, bridges, telecommunication networks, schools, and hospitals. According to the Confederation of International Contractors’ Associations (CICA), the output for residential and non-residential (including commercial, industrial, and others) infrastructures will grow by 85%, in terms of volume, to reach USD 15.5 trillion by 2030. There are a multitude of applications for geomembranes within construction sector.. The long shelf-life along with good physical & mechanical properties of geomembranes will work in favor of the market. Thus, growing infrastructural developments, are expected to create growth opportunities for the geomembranes market during the forecast period.

Based on region, the geomembranes market has been segmented into APAC, Europe, North America, the Middle East & Africa, and South America. North America geomembranes market was the largest market in 2019. Market growth is primarily due to enormous potential in mining, wastewater management, and infrastructural activities in the US, Canada, and Mexico. Europe North America was the second-largest market for geomembranes owing to well-established manufacturing and construction sector of the region.

Major vendors in the geomembranes market include Solmax (Canada), Raven Industries (US), AGRU (Austria), Carlisle Construction Materials LLC (US), Atarfil (Spain), PLASTIKA KRITIS (Greece), JUTA (Czech Republic), Maccaferri (Italy), Firestone Building Products (US), The NAUE group (Germany), Anhui Huifeng New Synthetic Materials (China), Carthage Mills (US), Environmental Protection (US), Geofabrics (Australia), Geosynthetics Limited (UK), Ginegar Plastic Products (Israel), Global Synthetics (Australia), Layfield Group (Canada), CETCO (US), Nilex (Canada), SOTRAFA (Spain), SOPREMA (France), Texel Industries Limited (India), Titan Environmental Containment (Canada), and US Fabrics (US).

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