Global Polyglycolic Acid Supply, Demand and Key Producers, 2023-2029

Global Polyglycolic Acid Supply, Demand and Key Producers, 2023-2029

The global Polyglycolic Acid market size is expected to reach $ 487.3 million by 2029, rising at a market growth of 22.9% CAGR during the forecast period (2023-2029).

Global core polyglycolic acid manufacturers include Kureha and Shanghai Pujing Chemical. The top 2 companies hold a share over 90%. North America is the largest market, with a share over 45%, followed by China and Europe with the share about 23% and 11%. In terms of product type, 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.

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.

This report studies the global Polyglycolic Acid production, demand, key manufacturers, and key regions.

This report is a detailed and comprehensive analysis of the world market for Polyglycolic Acid, and provides market size (US$ million) and Year-over-Year (YoY) Growth, considering 2022 as the base year. This report explores demand trends and competition, as well as details the characteristics of Polyglycolic Acid that contribute to its increasing demand across many markets.

Highlights and key features of the study

Global Polyglycolic Acid total production and demand, 2018-2029, (MT)

Global Polyglycolic Acid total production value, 2018-2029, (USD Million)

Global Polyglycolic Acid production by region & country, production, value, CAGR, 2018-2029, (USD Million) & (MT)

Global Polyglycolic Acid consumption by region & country, CAGR, 2018-2029 & (MT)

U.S. VS China: Polyglycolic Acid domestic production, consumption, key domestic manufacturers and share

Global Polyglycolic Acid production by manufacturer, production, price, value and market share 2018-2023, (USD Million) & (MT)

Global Polyglycolic Acid production by Type, production, value, CAGR, 2018-2029, (USD Million) & (MT)

Global Polyglycolic Acid production by Application production, value, CAGR, 2018-2029, (USD Million) & (MT).

This reports 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, Teleflex, Samyang Biopharm, Meta Biomed, Shanghai Pujing Chemical and Shenzhen Polymtek Biomaterial, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, COVID-19 and Russia-Ukraine War Influence.

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the World Polyglycolic Acid market.

Detailed Segmentation:

Each section contains quantitative market data including market by value (US$ Millions), volume (production, consumption) & (MT) and average price (USD/Kg) by manufacturer, by Type, and by Application. Data is given for the years 2018-2029 by year with 2022 as the base year, 2023 as the estimate year, and 2024-2029 as the forecast year.

Global Polyglycolic Acid Market, By Region:
United States
China
Europe
Japan
South Korea
ASEAN
India
Rest of World

Global Polyglycolic Acid Market, Segmentation by Type
Industrial Grade
Medical Grade

Global Polyglycolic Acid Market, Segmentation by Application
Oil and Gas Industry
Medical Industry
Packing Industry
Others

Companies Profiled:
Kureha
Corbion
BMG
Evonik
Teleflex
Samyang Biopharm
Meta Biomed
Shanghai Pujing Chemical
Shenzhen Polymtek Biomaterial
Huizhou Foryou Medical Device
Danhua Technology

Key Questions Answered

1. How big is the global Polyglycolic Acid market?

2. What is the demand of the global Polyglycolic Acid market?

3. What is the year over year growth of the global Polyglycolic Acid market?

4. What is the production and production value of the global Polyglycolic Acid market?

5. Who are the key producers in the global Polyglycolic Acid market?

6. What are the growth factors driving the market demand?