Market Overview:
The global polyglycolide acid market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The high viscosity segment is expected to dominate the market in terms of revenue share during the forecast period. The low viscosity segment is projected to be the fastest-growing segment during the forecast period. In terms of application, suture accounted for majority share of revenue in 2017 and it is projected to maintain its dominance throughout the forecast period. However, other applications are expected to witness higher growth rate as compared to suture application during the forecast period.
Product Definition:
Polyglycolide acid is a biodegradable polymer that is derived from glycolic acid. It can be used to produce medical implants, sutures, and other medical devices. Polyglycolide acid is important because it can be degraded by the body without causing any harm.
High Viscosity:
High viscosity is a property exhibited by polyglycolide acid (PGA) which allows it to remain in a liquid state at room temperature. It also helps in maintaining the physical properties of PGA such as flow, hardness and glass transition temperature. High viscosity is beneficial for end-use applications such as adhesives, sealants and coating owing to its ability to provide improved bonding strength along with enhanced performance over conventional products.
Low Viscosity:
Polyglycolide acid is a viscous liquid that is used as an additive in polyethylene terephthalate (PET), polyamide (PA), and other plastic resins. It helps the resin to flow easily during molding, cutting or extruding process. The product also acts as a binder for fibers during textile processing and aids in maintaining fiber integrity post-processing such as bleaching, dyeing & printing.
Application Insights:
Suture was the largest application segment in 2017 and is expected to witness significant growth over the forecast period. Surgical knots are generally tied using polyglycolide acid (PGA) sutures as they offer high biodegradability, which reduces environmental impact. Moreover, PGA based sutures have excellent knot strength and low rate of failure which makes them ideal for long-term use in body cavities.
Polyglycolide acid (PGA) based tissue expander s were found to be effective for reducing postoperative swelling after gynecological surgeries as it reduces inflammation by inhibiting prostaglandin E2 production. Other applications include medical glues, adhesives & sealants, coatings and plastics among others.
Regional Analysis:
Asia Pacific was the dominant regional market in 2017 and is expected to maintain its position over the forecast period. The region accounted for a share of more than 30% of global revenue in 2017 owing to high product demand from key application sectors including suture, medical devices, and others. China is one of the largest producers as well as consumers of polyglycolide acid products due to presence of a large number of manufacturers and suppliers based there.
North America emerged as the second-largest consumer followed by Europe owing to rising healthcare spending coupled with increasing prevalence diabetes & obesity that require surgical interventions for repair or replacement surgeries at a larger scale. Glycolic acid has been observed effective in treating both conditions which are likely to boost its use across these regions over the forecast period.
Growth Factors:
- Increasing demand from medical and healthcare sector for polyglycolide acid as a biodegradable and non-toxic polymer for various applications such as sutures, implants, drug delivery systems etc.
- Rising awareness about the benefits of polyglycolide acid over traditional plastics among consumers is driving its demand in packaging and consumer goods industries.
- Growing use of polyglycolide acid in textile industry for manufacturing eco-friendly fabrics is another major factor propelling its growth globally.
- Rapid expansion of the automotive industry in developing countries is providing a significant boost to the global market for polyglycolide acid products used in manufacturing car parts and accessories.
Scope Of The Report
Report Attributes
Report Details
Report Title
Polyglycolide Acid Market Research Report
By Type
High Viscosity, Low Viscosity
By Application
Suture, other
By Companies
Kureha , Evonik, Shenzhen Boli, Medzone Biotech
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
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
Global Polyglycolide Acid Market Report Segments:
The global Polyglycolide Acid market is segmented on the basis of:
Types
High Viscosity, Low Viscosity
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
Suture, 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:
- KurehaÂ
- Evonik
- Shenzhen Boli
- Medzone Biotech
Highlights of The Polyglycolide 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:
- High Viscosity
- Low Viscosity
- By Application:
- Suture
- 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 Polyglycolide 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?
Polyglycolide acid is a type of polymer that is made up of many repeating units of glycolide. Polyglycolide acids are often used in medical applications because they have a low molecular weight and are non-toxic.
Some of the major players in the polyglycolide acid market are Kureha‚Â , Evonik, Shenzhen Boli, Medzone Biotech.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Polyglycolide 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. Polyglycolide Acid Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Polyglycolide Acid Market - Supply Chain
4.5. Global Polyglycolide Acid Market Forecast
4.5.1. Polyglycolide Acid Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Polyglycolide Acid Market Size (000 Units) and Y-o-Y Growth
4.5.3. Polyglycolide Acid Market Absolute $ Opportunity
5. Global Polyglycolide 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. Polyglycolide Acid Market Size and Volume Forecast by Type
5.3.1. High Viscosity
5.3.2. Low Viscosity
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Polyglycolide 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. Polyglycolide Acid Market Size and Volume Forecast by Application
6.3.1. Suture
6.3.2. other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Polyglycolide 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. Polyglycolide 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 Polyglycolide 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. Polyglycolide 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 Polyglycolide Acid Demand Share Forecast, 2019-2026
9. North America Polyglycolide 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 Polyglycolide 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 Polyglycolide Acid Market Size and Volume Forecast by Application
9.4.1. Suture
9.4.2. other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Polyglycolide Acid Market Size and Volume Forecast by Type
9.7.1. High Viscosity
9.7.2. Low Viscosity
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 Polyglycolide Acid Demand Share Forecast, 2019-2026
10. Latin America Polyglycolide 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 Polyglycolide 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 Polyglycolide Acid Market Size and Volume Forecast by Application
10.4.1. Suture
10.4.2. other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Polyglycolide Acid Market Size and Volume Forecast by Type
10.7.1. High Viscosity
10.7.2. Low Viscosity
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 Polyglycolide Acid Demand Share Forecast, 2019-2026
11. Europe Polyglycolide 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 Polyglycolide 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 Polyglycolide Acid Market Size and Volume Forecast by Application
11.4.1. Suture
11.4.2. other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Polyglycolide Acid Market Size and Volume Forecast by Type
11.7.1. High Viscosity
11.7.2. Low Viscosity
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Anlysis
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 Polyglycolide Acid Demand Share, 2019-2026
12. Asia Pacific Polyglycolide 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 Polyglycolide 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 Polyglycolide Acid Market Size and Volume Forecast by Application
12.4.1. Suture
12.4.2. other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Polyglycolide Acid Market Size and Volume Forecast by Type
12.7.1. High Viscosity
12.7.2. Low Viscosity
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 Polyglycolide Acid Demand Share, 2019-2026
13. Middle East & Africa Polyglycolide 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 Polyglycolide 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 Polyglycolide Acid Market Size and Volume Forecast by Application
13.4.1. Suture
13.4.2. other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Polyglycolide Acid Market Size and Volume Forecast by Type
13.7.1. High Viscosity
13.7.2. Low Viscosity
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 Polyglycolide Acid Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Polyglycolide Acid Market: Market Share Analysis
14.2. Polyglycolide Acid Distributors and Customers
14.3. Polyglycolide Acid Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Kureha
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Evonik
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Shenzhen Boli
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Medzone Biotech
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. COMPANY5
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. COMPANY6
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
