Press release
Polyglycolic Acid Market 2024 and its detail analysis by focusing on top key players like Polymtek, Corbion Corporation, BMG, Foryou Medical Ltd. Corbion NV
Polyglycolide film segment is projected to rise with more than 8.5% CAGR by 2024, with rising awareness of product efficiency as an inner layer in multi-layered PET bottles. The fiber form of product held above 40% share in the year 2016 and shall observe substantial gains by 2024 with increasing demand in medical and filtration applications.
Request a sample of this premium report titled Polyglycolic Acid Market at https://www.marketstudyreport.com/request-a-sample/871735?utm_source=openpr.com&utm_medium=Ram
Polyglycolic Acid Market will surpass USD 9 billion by 2024; according to a new research report.
Polyglycolic acid market shall witness a significant demand from packaging industry by 2024 as disposal of non-degradable plastics has been a serious issue for the sustainable environment especially in North America and Europe. Packaging sector has been the primary market of biodegradable plastics with drifting focus of industry players towards degradable and compostable polymers.
The U.S., Europe and Japan governments have officially approved polyglycolide to be biodegradable plastic and has made fit to use in day to day applications. Polyglycolic acid (polyglycolide) demonstrates ideal barrier against various gases such as CO2, O2, N2 and moisture vapor especially in food & beverage packaging. Its barrier properties have been found to have no impact of high relative humidity conditions in comparison with Ethylene Vinyl Alcohol (EVOH), MXD6 and other common barrier materials. These features of polyglycolic acid exhibit strong growth aspects in the near future.
Polyglycolide market shall be driven by the escalating demand of product in medical applications by 2024. PGA sutures have been gaining stronger position in the recent years among other absorbable sutures including, poliglecaprone 25, catgut, polyglactin 910 and polydioxanone sutures. The product exhibits better results in comparison with the commonly used non-absorbable sutures made of nylon, polypropylene, stainless steel, etc. PGA surgical sutures has substantial potential in orthopedic surgeries, cardiovascular surgeries, gynecological surgeries, general surgeries & ophthalmic surgeries. PGA is also a suitable material for bone grafting and finds application in knee, joint replacement and spine applications. It is also known as bio resorbable polymer.
Excessive cost involved in polyglycolide production is expected to be a factor restraining the market growth by 2024. The biomedical applications of the product shall be limited to some extent because of its low solubility and high rate of degradation yielding acidic products. Hence, instead of using homopolymers of polyglycolide, the industry is likely to witness demand for copolymers of glycolide with lactide, caprolactone or trimethylene carbonate for medical devices by 2024.
The global polyglycolic acid market was led by North America in 2016, holding market share more than 60%. Even though the total rig count dwindled in North America after the decline in crude oil prices, demand for PGA frac plugs is projected to be extremely high over the forecast timespan. Europe will also share substantial gains close to 8% CAGR by 2024. The region marks significant trends depicting promising gains for PGA in coming years. For instance, a recent European project- RefuCoat entailed development of fully recyclable barrier coatings and bioplastic materials for films & trays, replacing the aluminium-based packaging structures. Another trend in the region encouraging biodegradable plastics has been the prohibition of non-biodegradable cotton buds in Italy from December 2017.
Medical industry has been the largest contributor of polyglycolic acid market revenue in 2016 with a massive share over 60%. Polyglycolic acid has unique characteristics including: high initial tensile strength, easy handling, robust holding strength through the perilous wound healing span, even passage through the tissue and ideal knotting ability. These aspects are expected to propel global polyglycolide market for medical applications. The newer product applications such as packaging and shale gas extraction are also certain to expand at a rapid pace during the forecast timespan.
In 2016, the overall polyglycolide market was monopolistic, as Kureha Corporation contributing to over 75% market share. The company has been engaged in substantial product development with strong focus on the downstream markets. Other industry players include: Polymtek, Corbion Corporation, BMG, Foryou Medical Ltd. Corbion NV is a market leader in PGA for bone graft applications.
Polyglycolic acid market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in tons & revenue in USD million from 2013 to 2024, for the following segments:
Polyglycolic Acid Market of Form by Application
Fiber
Medical
Others
Film
Packaging
Other forms
Medical
Shale gas extraction
Others
Polyglycolic Acid Market By Application
Medical
Packaging
Shale gas extraction
Others
Request a discount on standard prices of this premium report titled Polyglycolic Acid Market at https://www.marketstudyreport.com/check-for-discount/871735?utm_source=openpr.com&utm_medium=Ram
Report Content
Chapter 1. Methodology & Scope
1.1. Methodology
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.4. Definitions & forecast parameters
1.1.4.1. Definitions
1.1.4.2. Forecast parameters
1.2. Data sources
1.2.1. Primary
1.2.2. Secondary
Chapter 2. Executive Summary
2.1. Polyglycolic acid industry 360 degree synopsis, 2013 - 2024
2.1.1. Business trends
2.1.2. Form trends
2.1.3. Application trends
2.1.4. Regional trends
Chapter 3. Polyglycolic Acid Industry Insights
Chapter 4. Polyglycolic Acid Market, Form By Application
4.1. Polyglycolic acid market share by form, 2016 & 2024
4.2. Fiber
4.2.1. Market estimates and forecast of form by application, 2013 - 2024
· Medical
· Others
4.2.2. Market estimates and forecast by region, 2013 - 2024
4.3. Film
4.3.1. Market estimates and forecast of form by application, 2013 - 2024
· Packaging
4.3.2. Market estimates and forecast by region, 2013 - 2024
4.4. Others
4.4.1. Market estimates and forecast of form by application, 2013 - 2024
· Medical
· Shale gas extraction
· Others
4.4.2. Market estimates and forecast by region, 2013 - 2024
Chapter 5. Polyglycolic Acid Market, By Application
5.1. Polyglycolic acid market share by application, 2016 & 2024
5.2. Medical
5.2.1. Market estimates and forecast, 2013 - 2024
5.2.2. Market estimates and forecast by region, 2013 - 2024
5.3. Packaging
5.3.1. Market estimates and forecast, 2013 - 2024
5.3.2. Market estimates and forecast by region, 2013 - 2024
5.4. Shale gas extraction
5.4.1. Market estimates and forecast, 2013 - 2024
5.4.2. Market estimates and forecast by region, 2013 - 2024
5.5. Others
5.5.1. Market estimates and forecast, 2013 - 2024
5.5.2. Market estimates and forecast by region, 2013 - 2024
Chapter 6. Polyglycolic Acid Market, By Region
Chapter 7. Company Profiles
7.1. Kureha Corporation
7.1.1. Business overview
7.1.2. Financial data
7.1.3. Product landscape
7.1.4. SWOT analysis
7.1.5. Strategic outlook
7.2. Huizhou Foryou Medical Devices Co., Ltd
7.2.1. Business overview
7.2.2. Financial data
7.2.3. Product landscape
7.2.4. SWOT analysis
7.2.5. Strategic outlook
7.3. Corbion N.V.
7.3.1. Business overview
7.3.2. Financial data
7.3.3. Product landscape
7.3.4. SWOT analysis
7.3.5. Strategic outlook
7.4. Teleflex Inc.
7.4.1. Business overview
7.4.2. Financial data
7.4.3. Product landscape
7.4.4. SWOT analysis
7.4.5. Strategic outlook
7.5. Shenzhen Polymtek Biomaterial Co., Ltd.
7.5.1. Business overview
7.5.2. Financial data
7.5.3. Product landscape
7.5.4. SWOT analysis
7.5.5. Strategic outlook
7.6. BMG Incorporated
7.6.1. Business overview
7.6.2. Financial data
7.6.3. Product landscape
7.6.4. SWOT analysis
7.6.5. Strategic outlook
Questions? Get them answered via https://www.marketstudyreport.com/enquiry-before-buying/871735?utm_source=openpr.com&utm_medium=Ram
Contact Us:
Market Study Report
4 North Main Street,
Selbyville, Delaware 19975
USA
Phone: 1-302-273-0910
US Toll Free: 1-866-764-2150
Email: sales@marketstudyreport.com
Website: https://www.marketstudyreport.com
Blog: https://www.marketstudyreport.com/blog
About Us:
Marketstudyreport.com allows you to manage and control all corporate research purchases to consolidate billing and vendor management. You can eliminate duplicate purchases and customize your content and license management.
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 2024 and its detail analysis by focusing on top key players like Polymtek, Corbion Corporation, BMG, Foryou Medical Ltd. Corbion NV here
News-ID: 2026504 • Views: …
More Releases from Market Study Report LLC
COVID-19 Detection Kits Market Size o witness substantial growth during 2020-202 …
The research report on ‘COVID-19 Detection Kits market’ scrutinizes the current industry scenario to predict market size, market share, and projects valuation for different segmentations of the industry over 2020-2026. It provides business intelligence regarding various factors driving the industry growth in consort with discussing the challenges faced by the industry, and the approaches followed by market players to counter their impact. COVID-19 Detection Kits Market size to grow with…
What's driving the Small Satellite Market trends? Raytheon, Lockheed Martin, Nor …
Market Study Report LLC adds new research on Small Satellite market, which is a detailed analysis of this business space inclusive of the trends, competitive landscape, and the market size. Encompassing one or more parameters among product analysis, application potential, and the regional growth landscape, Small Satellite market also includes an in-depth study of the industry competitive scenario.
The global Small Satellite market is valued at 1340 million US$ in 2018…
What's driving the Antibiotics Market trends? Sanofi, Novartis AG, Pfizer Inc., …
Market Study Report LLC has added a new report on Antibiotics market that provides a comprehensive review of this industry with respect to the driving forces influencing the market size. Comprising the current and future trends defining the dynamics of this industry vertical, this report also incorporates the regional landscape of Antibiotics market in tandem with its competitive terrain.
The antibiotics was valued at US$ 43,348.38 million in 2019 and is…
What's driving the Electrical House (E-House) Market trends? Schneider Electric, …
Market Study Report LLC has added a new report on Electrical House (E-House) market that provides a comprehensive review of this industry with respect to the driving forces influencing the market size. Comprising the current and future trends defining the dynamics of this industry vertical, this report also incorporates the regional landscape of Electrical House (E-House) market in tandem with its competitive terrain.
Electrical House (E-House), also called Power House, is…
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…
