Press release
Polyglycolic Acid Market worth $6.5 billion by 2024 | Key Players include Kureha Corporation, Corbion, Shenzhen Polymtek Biomaterial Co. Ltd., BMG Incorporated
According to recent market research "Polyglycolic Acid Market by Form (Fibers, Films, Others), End-use industry (Medical, Oil & Gas, Packaging) and Region (North America, Europe, Asia Pacific, Middle East & Africa, South America)-Global Forecast to 2024", The polyglycolic acid market size is projected to grow from USD 4.1 billion in 2019 to USD 6.5 billion by 2024, at a CAGR of 9.5% during the forecast period.The increasing demand for surgical sutures in the medical industry owing to the rising incidence of diseases including cardiovascular disease, ischemic heart disease, strokes, lung cancer, others are expected to drive the demand for polyglycolic acid during the forecast period. Furthermore, the rapid growth of the packaging industry with a particular preference for biodegradable packaging will escalate the demand for polyglycolic acid, thus driving the market growth.
Browse 118 market data Tables and 26 Figures spread through 117 Pages and in-depth TOC on "Polyglycolic Acid Market - Global Forecast to 2024"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/polyglycolic-acid-market-235524941.html
The polyglycolic acid market size is projected to grow from USD 4.1 billion in 2019 to USD 6.5 billion by 2024, at a CAGR 9.5%. Increasing demand for polyglycolic acid in the medical industry for the formulation of absorbable sutures, meshes, scaffolds, stents, and drug delivery devices to drive the market demand.
Based on form, the polyglycolic acid market is segmented into fibers, films, and others of which fiber form of polyglycolic acid, is expected to be the fastest-growing form during the forecast period. The fiber form of polyglycolic acid is majorly preferred in the medical industry for the formulation of absorbable surgical sutures. The increasing surgical procedures globally owing to the rising risk of non-communicable diseases such as cardiovascular diseases, liver cancer, stomach cancer, and others have boosted the demand for surgical sutures, thus driving the growth of the polyglycolic acid market.
For more Details Speak to Our Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=235524941
The global polyglycolic acid market size is estimated at USD 4.1 billion in 2019 and is projected to reach USD 6.5 billion by 2024, at a CAGR of 9.5%, between 2019 and 2024. The increasing demand for surgical sutures in the medical industry owing to the rising incidence of diseases including cardiovascular disease, ischemic heart disease, strokes, lung cancer, others are expected to drive the demand for polyglycolic acid during the forecast period. Furthermore, the rapid growth of the packaging industry with a particular preference for biodegradable packaging will escalate the demand for polyglycolic acid, thus driving the market growth.
The key players in the polyglycolic acid market are Kureha Corporation (Japan), Corbion (Netherlands), Shenzhen Polymtek Biomaterial Co,.Ltd. (China), BMG Incorporated (JAPAN), Huizhou Foryou Medical Devices Co., Ltd. (China), Teleflex Incorporated (US). The polyglycolic acid market report analyzes the key growth strategies adopted by the leading market players, between 2014 and 2019, which include expansion and joint venture.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=235524941
Kureha Corporation (Japan) is one of the major players of the polyglycolic acid market. Kureha Corporation is a major company involved in the manufacturing of specialty chemicals and plastics, which are majorly used in advanced materials, agrochemicals, pharmaceuticals, and packaging materials. The company operates through 5 business segments, namely, superior materials, specialty chemicals, specialty plastics, construction, and others. The company offers its polyglycolic acid (PGA) products through the advanced materials segment under the brand name Kuredux. The company majorly manufactures PGA products for the medical and oil & gas markets.
Corbion (Netherlands) is one of the leading players in the polyglycolic acid market. Corbion is a sustainable ingredient solutions company with expertise in the field of lactic acid, lactic acid derivatives. The company operates through two business segments namely Ingredient Solutions and Innovation Platforms. The company provides polyglycolic acid under the brand name PURASORB through its product line polymers for medical devices, which falls under biomedical sub-segment of Ingredient Solutions business unit of the company. The company markets its products through a worldwide network of 16 sales offices and distributor channels. The company also has a global supply chain with 13 manufacturing facilities in the USA, Thailand, Brazil, Netherlands, and Spain along with five innovation centers globally.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
Email: newsletter@marketsandmarkets.com
Press Release: https://www.marketsandmarkets.com/PressReleases/polyglycolic-acid.asp
Research Insights: https://www.marketsandmarkets.com/ResearchInsight/polyglycolic-acid-market.asp
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, and strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Polyglycolic Acid Market worth $6.5 billion by 2024 | Key Players include Kureha Corporation, Corbion, Shenzhen Polymtek Biomaterial Co. Ltd., BMG Incorporated here
News-ID: 1879478 • Views: …
More Releases from MarketsandMarkets

Laser Interferometer Market Set to Grow at the Fastest Rate- Time to Grow your R …
The global laser interferometer market is expected to be valued at 315 million in 2024 and is projected to reach USD 447 million by 2029, at a CAGR of 7.2% from 2024 to 2029. Emerging applications in industries push the market's growth due to the growing demand for precision in the manufacturing sector. However, challenges such as higher initial investments and maintenance costs cause problems. Despite these, opportunities arise for…

With 19.6% CAGR, Battery Testing, Inspection, and Certification Market Growth to …
The battery testing, inspection, and certification market is projected to reach USD 36.7 billion by 2029 from USD 14.9 billion in 2024 at a CAGR of 19.6% during the forecast period. Increasing adoption of EVs and energy storage systems, rising enforcement of stringent standards to ensure battery safety, thriving portable electronics industry, and rapid advances in battery technology are the major factors contributing to the market growth.
Download PDF Brochure @…

Real-Time Location Systems Revolutionize Healthcare: Insights from MarketsandMar …
The global RTLS market for healthcare is projected to grow from USD 2.3 billion in 2024 to USD 5.7 billion by 2029, at a compound annual growth rate of 19.6% from 2024 to 2029. As it attracts more and more players who enter this market with innovative RTLS features for customers, the market for RTLS technology is rapidly increasing. Top companies in this market focus on healthcare, retail, and manufacturing…

Offsite Data Center Power Infrastructure Market Size to Reach $35.4 billion by 2 …
According to a research report "Offsite Data Center Power Infrastructure Market by Component (Solutions and Services), Vertical (BFSI, Media & Entertainment, Government & Defence, Healthcare, Manufacturing, IT & Telecom, Retail) and Region - Global Forecast to 2030" published by MarketsandMarkets, the market size for global offsite data center power infrastructure market is projected to reach approximately USD 35.4 billion by the year 2030, as compared to the estimated value of…
More Releases for Polyglycolic
US Polyglycolic Acid Market Advancing Medical and Industrial Applications
"Polyglycolic acid is gaining traction in medical and biodegradable applications-explore the market's potential for sustainable growth."
On March 6, 2025, Exactitude Consultancy., Ltd. Newly released a research report titled "Us Polyglycolic Acid Market". The U.S. polyglycolic acid (PGA) market is growing due to its use in biodegradable plastics, medical sutures, and agricultural applications. Polyglycolic acid is valued for its biodegradability, making it a sustainable alternative to conventional plastics in medical and…
Eco-Friendly Innovations: Polyglycolic Acid on the Rise
The Business Research Company recently released a comprehensive report on the Global Polyglycolic Acid Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample…
Polyglycolic Acid Suture Market Size 2024 to 2031.
Market Overview and Report Coverage
Polyglycolic acid (PGA) suture is a synthetic, absorbable suture material commonly used in surgeries for its excellent tensile strength and minimal tissue reactivity. With the increasing number of surgical procedures worldwide, the demand for PGA sutures is expected to rise.
The Polyglycolic Acid Suture Market is anticipated to witness significant growth in the coming years, with a projected CAGR of 9.00%. Factors such as the…
Polyglycolic Acid Market Research Report 2024 | Valuates Reports
The global Polyglycolic Acid market was valued at US$ 112 million in 2023 and is anticipated to reach US$ 426.9 million by 2030, witnessing a CAGR of 23.9% during the forecast period 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…
Global Polyglycolic Acid Market Research Report 2023
The global Polyglycolic Acid market was valued at US$ 111.2 million in 2022 and is anticipated to reach US$ 387.3 million by 2029, witnessing a CAGR of 22.9% during the forecast period 2023-2029.
VIEW FULL REPORT
https://reports.valuates.com/market-reports/QYRE-Auto-14Q8921/global-polyglycolic-acid
Polyglycolic Acid Market
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…
Polyglycolic Acid Market Share Demand Analysis 2022-2029
The Polyglycolic Acid Market is expected to grow at a CAGR of 9.5% during the forecast period 2022-2029. North America region has the highest market share in the Polyglycolic Acid Market, and it is further continuing its dominance during the forecast period.
Browse Full Report at: https://www.datamintelligence.com/research-report/polyglycolic-acid-market
Our research report gives wide perceptions of the latest trends and development prospects of the market analysis, detailed segmentation analysis, volume, size, share, growth…