Global Polyglycolic Acid Market to Reach $597 Million by 2030
The global market for Polyglycolic Acid estimated at US$337.1 Million in the year 2023, is expected to reach US$597 Million by 2030, growing at a CAGR of 8.5% over the analysis period 2023-2030. Medical End-Use, one of the segments analyzed in the report, is expected to record a 8.3% CAGR and reach US$242.6 Million by the end of the analysis period. Growth in the Packaging End-Use segment is estimated at 8.5% CAGR for the next 7-year period.
The U.S. Market is Estimated at $88.3 Million, While China is Forecast to Grow at 11.3% CAGR
The Polyglycolic Acid market in the U.S. is estimated at US$88.3 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$132.5 Million by the year 2030 trailing a CAGR of 11.3% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.7% and 6.7% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 6.5% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$89.8 Million by the year 2030.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook