Polyglycolide or poly(glycolic acid) (PGA), also spelled as polyglycolic acid is a biodegradable, semi-crystalline thermoplastic. It is also the simplest linear, aliphatic polyester. PGA resins are known for their excellent gas barrier properties, relative high strength, and excellent biodegradability. Some grades have a biodegradation rate similar to cellulose and decompose under composting conditions into CO2 and water within one month.
PGA and its copolymers such as poly(lactic-co-glycolic acid), and poly(glycolide-co-caprolactone) are used in a number of applications. Due to PGA's very low permeability to O2 and CO2, it can be used as a packaging film for oxygen sensitive products, for example as an interlayer between two polyester films. Other important applications include shale gas extraction and other industrial processes as well as synthetic fast absorbable sutures for internal surgeries.
According to our (Global Info Research) latest study, the global Polyglycolic Acid market size was valued at USD 114.4 million in 2022 and is forecast to a readjusted size of USD 458.1 million by 2029 with a CAGR of 21.9% during review period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Global core polyglycolic acid manufacturers include Kureha, Corbion etc.The top 2 companies hold a share about 55%. North America is the largest market, with a share about 45%, followed by China and Europe with the share about 18% and 12%.In terms of product, industrial grade is the largest segment, with a share over 50%. And in terms of application, the largest application is oil and gas industry, followed by medical industry.
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This report is a detailed and comprehensive analysis for global Polyglycolic Acid market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2023, are provided.
This report profiles key players in the global Polyglycolic Acid market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Kureha, Corbion, BMG, Evonik and Teleflex, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, COVID-19 and Russia-Ukraine War Influence.
Major players covered
Kureha
Corbion
BMG
Evonik
Teleflex
Samyang Biopharm
Meta Biomed
Shanghai Pujing Chemical
Shenzhen Polymtek Biomaterial
Huizhou Foryou Medical Device
Danhua Technology
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Polyglycolic Acid product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Polyglycolic Acid, with price, sales, revenue and global market share of Polyglycolic Acid from 2018 to 2023.
Chapter 3, the Polyglycolic Acid competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Polyglycolic Acid breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2018 to 2029.
Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2018 to 2029.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2022.and Polyglycolic Acid market forecast, by regions, type and application, with sales and revenue, from 2024 to 2029.
Chapter 12, market dynamics, drivers, restraints, trends, Porters Five Forces analysis, and Influence of COVID-19 and Russia-Ukraine War.
Chapter 13, the key raw materials and key suppliers, and industry chain of Polyglycolic Acid.
Chapter 14 and 15, to describe Polyglycolic Acid sales channel, distributors, customers, research findings and conclusion.
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