Global Industrial Polyglycolic Acid (PGA) Market Growth 2024-2030

Global Industrial Polyglycolic Acid (PGA) Market Growth 2024-2030

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.

Industrial-grade PGA is mainly used in shale gas and oil extraction, building materials, packaging materials, etc., and the price is relatively low.

The global Industrial Polyglycolic Acid (PGA) market size is projected to grow from US$ 80.2 million in 2024 to US$ 776 million in 2030; it is expected to grow at a CAGR of 46.0% from 2024 to 2030.

LP Information, Inc. (LPI) ' newest research report, the “Industrial Polyglycolic Acid (PGA) Industry Forecast” looks at past sales and reviews total world Industrial Polyglycolic Acid (PGA) sales in 2023, providing a comprehensive analysis by region and market sector of projected Industrial Polyglycolic Acid (PGA) sales for 2024 through 2030. With Industrial Polyglycolic Acid (PGA) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Industrial Polyglycolic Acid (PGA) industry.

This Insight Report provides a comprehensive analysis of the global Industrial Polyglycolic Acid (PGA) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Industrial Polyglycolic Acid (PGA) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Industrial Polyglycolic Acid (PGA) market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Industrial Polyglycolic Acid (PGA) and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Industrial Polyglycolic Acid (PGA).

United States market for Industrial Polyglycolic Acid (PGA) is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.

China market for Industrial Polyglycolic Acid (PGA) is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.

Europe market for Industrial Polyglycolic Acid (PGA) is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.

Global key Industrial Polyglycolic Acid (PGA) players cover Kureha, Shanghai Pujing Chemical, Shenzhen Polymtek Biomaterial, Danhua Technology, CHN Energy (Shannxi), etc. In terms of revenue, the global two largest companies occupied for a share nearly

% in 2023.

This report presents a comprehensive overview, market shares, and growth opportunities of Industrial Polyglycolic Acid (PGA) market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Superior Quality Products
Qualified Products

Segmentation by Application:
Oil and Gas Industry
Packing Industry
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Kureha
Shanghai Pujing Chemical
Shenzhen Polymtek Biomaterial
Danhua Technology
CHN Energy (Shannxi)
Sinopec (Guizhou)
Sinopec (Hubei)
CHN Energy (Mengxi)
Inner Mongolia Jiutai
Anhui Haoyuan

Key Questions Addressed in this Report

What is the 10-year outlook for the global Industrial Polyglycolic Acid (PGA) market?

What factors are driving Industrial Polyglycolic Acid (PGA) market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Industrial Polyglycolic Acid (PGA) market opportunities vary by end market size?

How does Industrial Polyglycolic Acid (PGA) break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.