Market Overview:
The global polyglycolic acid market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for polyglycolic acid from various end-use industries, such as oil and gas industry, packaging industry, medical industry, and others. Polyglycolic acid is used as an additive in various products across different industries owing to its properties such as biodegradability, non-toxicity, and others. In addition, rising awareness about environmental concerns is also propelling the demand for polyglycolic acid across different regions.
Product Definition:
Polyglycolic acid is a synthetic, biodegradable polymer made from glycolic acid, an alpha hydroxyacid. It is used in surgical sutures and as a scaffold for tissue engineering.
Industrial Grade:
Industrial grade is a high purity form of Polyglycolic Acid (PGA) used in manufacturing surgical sutures, bone grafting materials and other medical devices. It has applications in various end-use industries such as pharmaceuticals, cosmetics & personal care products and the food industry.
Medical Grade:
Medical-grade polyglycolic acid (PGA) is a synthetic polymer, which is manufactured by the chemical synthesis of glycolic acid and its anhydrous form. It has high molecular weight ranging from 300 to 35000 and possesses properties such as low viscosity, good thermal stability & heat resistance, excellent mechanical strength & flexibility along with biocompatibility.
Application Insights:
The oil and gas industry was the largest application segment in 2017. The demand for polyglycolic acid is expected to increase in the oil and gas industry owing to its properties, such as excellent heat resistance, weather resistance, chemical stability and biodegradability. It is used as a drilling fluid additive due to its anti-friction ability which helps reduce wear & tear of drilling equipment over time.
Polyglycolic acid based fluids have been proven effective at reducing friction losses caused by abrasion between drill bit and shale rock compared with conventional muds or oils which are primarily used in the upstream sector of oil & gas production. This has led to increased adoption of PGA products within the global oil & gas industry over recent years.
Regional Analysis:
Asia Pacific was the dominant regional segment occupying over 45.0% of the total market volume in 2017. The region is expected to continue its dominance over the forecast period, with China being a key revenue-generator for glycolic acid manufacturers and suppliers across Asia Pacific. Rapid industrialization coupled with increasing oil & gas exploration activities in India is likely to augment product demand from end-use industries such as medical, packaging, and drilling fluids among others.
North America emerged as one of the prominent markets for polyglycolic acid owing to high demand from end-use industries such as medical devices manufacturing and drilling fluids among others. In addition, growing oil & gas industry due to shale boom in U.S., Canada, and Mexico are anticipated to drive growth over the next eight years or so until 2030 AD (Yearly Average).
Growth Factors:
- Increasing demand for medical implants and prosthetic devices from the healthcare sector is expected to drive the growth of the polyglycolic acid market.
- Rising awareness about the benefits of polyglycolic acid among consumers is projected to fuel its demand in various applications including medical, textile, and automotive industries over the forecast period.
- Growing research and development activities for new applications of polyglycolic acid is anticipated to create numerous opportunities for market players in near future.
- Stringent government regulations regarding use of synthetic fibers in textiles are likely to hamper growth of this market during forecast period .
Scope Of The Report
Report Attributes
Report Details
Report Title
Polyglycolic Acid Market Research Report
By Type
Industrial Grade, Medical Grade
By Application
Oil and Gas Industry, Packaging Industry, Medical Industry, Other
By Companies
Kureha(JP), Samyang Biopharm(KR), Meta Biomed(KR), Bank Valley(CN), Huizhou Foryou Medical Device(CN), Shenzhen Boli Biological Materials(CN)
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
250
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Polyglycolic Acid Market Report Segments:
The global Polyglycolic Acid market is segmented on the basis of:
Types
Industrial Grade, Medical Grade
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Oil and Gas Industry, Packaging Industry, Medical Industry, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Kureha(JP)
- Samyang Biopharm(KR)
- Meta Biomed(KR)
- Bank Valley(CN)
- Huizhou Foryou Medical Device(CN)
- Shenzhen Boli Biological Materials(CN)
Highlights of The Polyglycolic Acid Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Industrial Grade
- Medical Grade
- By Application:
- Oil and Gas Industry
- Packaging Industry
- Medical Industry
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Polyglycolic Acid Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Polyglycolic acid is a type of polysaccharide that is derived from glucose. It has a number of medical applications, including being used as an injectable filler in plastic surgery and as a component in some types of wound dressings.
Some of the major companies in the polyglycolic acid market are Kureha(JP), Samyang Biopharm(KR), Meta Biomed(KR), Bank Valley(CN), Huizhou Foryou Medical Device(CN), Shenzhen Boli Biological Materials(CN).
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Polyglycolic Acid Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Polyglycolic Acid Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Polyglycolic Acid Market - Supply Chain
4.5. Global Polyglycolic Acid Market Forecast
4.5.1. Polyglycolic Acid Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Polyglycolic Acid Market Size (000 Units) and Y-o-Y Growth
4.5.3. Polyglycolic Acid Market Absolute $ Opportunity
5. Global Polyglycolic Acid Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Polyglycolic Acid Market Size and Volume Forecast by Type
5.3.1. Industrial Grade
5.3.2. Medical Grade
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Polyglycolic Acid Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Polyglycolic Acid Market Size and Volume Forecast by Application
6.3.1. Oil and Gas Industry
6.3.2. Packaging Industry
6.3.3. Medical Industry
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Polyglycolic Acid Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Polyglycolic Acid Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Polyglycolic Acid Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Polyglycolic Acid Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Polyglycolic Acid Demand Share Forecast, 2019-2026
9. North America Polyglycolic Acid Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Polyglycolic Acid Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Polyglycolic Acid Market Size and Volume Forecast by Application
9.4.1. Oil and Gas Industry
9.4.2. Packaging Industry
9.4.3. Medical Industry
9.4.4. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Polyglycolic Acid Market Size and Volume Forecast by Type
9.7.1. Industrial Grade
9.7.2. Medical Grade
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Polyglycolic Acid Demand Share Forecast, 2019-2026
10. Latin America Polyglycolic Acid Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Polyglycolic Acid Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Polyglycolic Acid Market Size and Volume Forecast by Application
10.4.1. Oil and Gas Industry
10.4.2. Packaging Industry
10.4.3. Medical Industry
10.4.4. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Polyglycolic Acid Market Size and Volume Forecast by Type
10.7.1. Industrial Grade
10.7.2. Medical Grade
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Polyglycolic Acid Demand Share Forecast, 2019-2026
11. Europe Polyglycolic Acid Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Polyglycolic Acid Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Polyglycolic Acid Market Size and Volume Forecast by Application
11.4.1. Oil and Gas Industry
11.4.2. Packaging Industry
11.4.3. Medical Industry
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Polyglycolic Acid Market Size and Volume Forecast by Type
11.7.1. Industrial Grade
11.7.2. Medical Grade
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Atractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Polyglycolic Acid Demand Share, 2019-2026
12. Asia Pacific Polyglycolic Acid Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Polyglycolic Acid Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Polyglycolic Acid Market Size and Volume Forecast by Application
12.4.1. Oil and Gas Industry
12.4.2. Packaging Industry
12.4.3. Medical Industry
12.4.4. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Polyglycolic Acid Market Size and Volume Forecast by Type
12.7.1. Industrial Grade
12.7.2. Medical Grade
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Polyglycolic Acid Demand Share, 2019-2026
13. Middle East & Africa Polyglycolic Acid Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Polyglycolic Acid Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Polyglycolic Acid Market Size and Volume Forecast by Application
13.4.1. Oil and Gas Industry
13.4.2. Packaging Industry
13.4.3. Medical Industry
13.4.4. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Polyglycolic Acid Market Size and Volume Forecast by Type
13.7.1. Industrial Grade
13.7.2. Medical Grade
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Polyglycolic Acid Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Polyglycolic Acid Market: Market Share Analysis
14.2. Polyglycolic Acid Distributors and Customers
14.3. Polyglycolic Acid Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Kureha(JP)
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Samyang Biopharm(KR)
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Meta Biomed(KR)
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Bank Valley(CN)
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Huizhou Foryou Medical Device(CN)
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Shenzhen Boli Biological Materials(CN)
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
