Global PGA Resin Market Growth 2025-2031

Global PGA Resin Market Growth 2025-2031

The global PGA Resin market size is predicted to grow from US$ 135 million in 2025 to US$ 497 million in 2031; it is expected to grow at a CAGR of 24.3% from 2025 to 2031.

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%.

LP Information, Inc. (LPI) ' newest research report, the “PGA Resin Industry Forecast” looks at past sales and reviews total world PGA Resin sales in 2024, providing a comprehensive analysis by region and market sector of projected PGA Resin sales for 2025 through 2031. With PGA Resin sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world PGA Resin industry.

This Insight Report provides a comprehensive analysis of the global PGA Resin 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 PGA Resin portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global PGA Resin market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for PGA Resin 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 PGA Resin.

This report presents a comprehensive overview, market shares, and growth opportunities of PGA Resin market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Industrial Grade
Medical Grade

Segmentation by Application:
Oil and Gas Industry
Medical 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
Corbion
BMG
Evonik
Teleflex
Samyang Biopharm
Meta Biomed
Shanghai Pujing Chemical
Shenzhen Polymtek Biomaterial
Huizhou Foryou Medical Device
Danhua Technology
Dodgen

Key Questions Addressed in this Report

What is the 10-year outlook for the global PGA Resin market?

What factors are driving PGA Resin market growth, globally and by region?

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

How do PGA Resin market opportunities vary by end market size?

How does PGA Resin break out by Type, by Application?

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