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Global Polyglycolic Acid Market Research Report 2023
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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 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.
The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Global core polyglycolic acid manufacturers include Kureha, Corbion etc.The top 2 companies hold a share about 55%. North America is the largest market, with a share about 45%, followed by China and Europe with the share about 18% and 12%.In terms of product, 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.
Segment by Type
Industrial Grade
Medical Grade
Segment by Application
Oil and Gas Industry
Medical Industry
Packing Industry
Others
Production by Region
Japan
South Korea
China
Europe
Consumption by Region
North America (United States, Canada)
Europe (Germany, France, UK, Italy, Russia)
Asia-Pacific (China, Japan, South Korea, Taiwan)
Southeast Asia (India)
Latin America (Mexico, Brazil)
By Company Kureha, Corbion, BMG, Evonik, Teleflex, Samyang Biopharm, Meta Biomed, Shanghai Pujing Chemical, Shenzhen Polymtek Biomaterial, Huizhou Foryou Medical Device, Danhua Technology
SIMILAR REPORT
https://reports.valuates.com/market-reports/QYRE-Auto-38J11283/global-polyglycolic-acid-pga-resin
https://reports.valuates.com/market-reports/QYRE-Auto-18D14915/global-polydioxanone-monofilament-suture
https://reports.valuates.com/market-reports/QYRE-Auto-14W6862/global-resorbable-polymers
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