Europe Medical Polyethylene Market Worth $624.27 Million By 2030

Europe Medical Polyethylene Market Growth & Trends

The Europe medical polyethylene market size is expected to reach USD 624.27 million by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 6.9% from 2022 to 2030. Increasing demand from the medical industry is anticipated to fuel the demand for medical-grade polyethylene. Polyethylene is widely used in the medical industry as it provides a low coefficient of friction, excellent chemical resistance, and good impact resistance. It caters to applications including medical implants, medical containers, and drug testing equipment.

The presence of moderate key polyethylene manufacturers is anticipated to create significant demand for medical-grade polyethylene. Furthermore, increasing demand from the medical industry is anticipated to boost the demand for medical-grade polyethylene. In addition, due to the excellent properties of polyethylene, it is ideal for use in medical products and also caters to various industries including automotive, agriculture, medical, and infrastructure.

Ethylene (C2H4) is the raw material required for manufacturing polyethylene. Advantages of using polyethylene include enhanced protection, high adaptability, lightweight, economic, durability, excellent rigidity, superior flexibility, and easy recyclability. The medical end-use industry has witnessed high consumption of HDPE and LDPE owing to their high melting point, high density, good resistance to alcohol, dilute acids and alkalis, low-cost polymer with good processability, excellent electrical insulation, very low water absorption, good impact strength, and FDA compliance.

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Europe Medical Polyethylene Market Report Highlights

• The medical tubing application segment accounted for the largest revenue share of over 20.0% in 2021 and is further expected to witness prominent growth over the forecast period

• In 2021, the U.K. led the European market and accounted for a revenue share of more than 25.0%. Changing medical needs in the U.K., coupled with the increased spending capacities of consumers, are expected to drive the demand for polyethylene in the country over the forecast period. Growing demand for lightweight, cost-effective, and efficient materials for the manufacturing of medical applications is expected to positively impact the market growth over the coming years

• Major players are continuously working on expanding manufacturing capabilities with the rise in demand from the medical industry. In March 2021, Celanese Corporation planned to build a new ultra-high-molecular-weight polyethylene (UHMWPE) facility in Europe. This facility was expected to support growth in its high-value GUR engineered materials portfolio. The expansion is expected to begin in 2024 with an annual production capacity of approximately 34,000 metric tons/year

Europe Medical Polyethylene Market Segmentation

Grand View Research has segmented the Europe medical polyethylene market based on application and country:

Europe Medical Polyethylene Application Outlook (Volume, Kilotons; Revenue, USD Million, 2019 - 2030)

• Medical Tubing

• Disposables

• Medical Bags

• Medical Implants

• Containers

• Drug Testing Equipment

• Others

Europe Medical Polyethylene Country Outlook (Volume, Kilotons; Revenue, USD Million, 2019 - 2030)

• Germany

• U.K.

• France

• Italy

• Spain

• Portugal

List of Key Players in Europe Medical Polyethylene Market

• Tekni-Plex, Inc.

• Dow Inc.

• Celanese Corporation

• SABIC

• Orthoplastics Ltd.

• LyondellBasell Industries Holdings B.V.

• Biesterfeld AG

• Exxon Mobil Corporation