Global PGA Resin Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031

According to our (Global Info Research) latest study, the global PGA Resin market size was valued at US$ 117 million in 2024 and is forecast to a readjusted size of USD 488 million by 2031 with a CAGR of 22.9% during review period.

Polyglycolide or poly(glycolic acid) (PGA) Resin, 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.

Globally, the core manufacturers of PGA resins include Kureha, Evonik, Samyang, Shenzhen Polymtek Biomaterials, Shanghai Pujing Chemical, Corbion, BMG and Teleflex. The only first-tier manufacturer in the world is Kureha, which accounts for about 36% of the market share; the second-tier manufacturers include Evonik, Samyang and Shenzhen Polymtek Biomaterials, which together account for about 52%.

From the perspective of manufacturers, only Kureha and Shanghai Pujing Chemical have large-scale commercial plants in operation, while Shenzhen Boli Biomaterials has a medium capacity, and other companies are more focused on medical-grade products.

From the perspective of product types, industrial grade occupies an important position, and its market share is expected to grow very fast in the future. At the same time, in terms of application, the current sales share of the oil and gas industry is about 94%, and the CAGR in the next few years will be about 51.2%. Medical-grade products account for about 0.6% of the total global sales of PGA resins, but due to their high prices, their global revenue share has reached 49.2%.

This report is a detailed and comprehensive analysis for global PGA Resin 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 2025, are provided.

Key Features:

Global PGA Resin market size and forecasts, in consumption value ($ Million), sales quantity (Tons), and average selling prices (US$/Ton), 2020-2031

Global PGA Resin market size and forecasts by region and country, in consumption value ($ Million), sales quantity (Tons), and average selling prices (US$/Ton), 2020-2031

Global PGA Resin market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (Tons), and average selling prices (US$/Ton), 2020-2031

Global PGA Resin market shares of main players, shipments in revenue ($ Million), sales quantity (Tons), and ASP (US$/Ton), 2020-2025

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for PGA Resin

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global PGA Resin market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Kureha, Corbion, BMG, Evonik, Teleflex, Samyang Biopharm, Meta Biomed, Shanghai Pujing Chemical, Shenzhen Polymtek Biomaterial, Huizhou Foryou Medical Device, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market Segmentation

PGA Resin market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
Industrial Grade
Medical Grade

Market segment by Application
Oil and Gas Industry
Medical Industry
Packing Industry
Others

Major players covered
Kureha
Corbion
BMG
Evonik
Teleflex
Samyang Biopharm
Meta Biomed
Shanghai Pujing Chemical
Shenzhen Polymtek Biomaterial
Huizhou Foryou Medical Device
Danhua Technology
Dodgen

Market segment by region, regional analysis covers

North America (United States, Canada, and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and Rest of South America)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe PGA Resin product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of PGA Resin, with price, sales quantity, revenue, and global market share of PGA Resin from 2020 to 2025.

Chapter 3, the PGA Resin competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the PGA Resin breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.

Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.

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 2020 to 2025.and PGA Resin market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.

Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of PGA Resin.

Chapter 14 and 15, to describe PGA Resin sales channel, distributors, customers, research findings and conclusion.