Polyglycolic Acid Market Predicted to Reach Significant Growth by 2031 | Kureha Corporation, Corbion, Shenzhen Polymtek Biomaterial Co, Ltd.

Polyglycolic Acid Market Research Report By DataM Intelligence: A comprehensive analysis of current and emerging trends provides clarity on the dynamics of the Polyglycolic Acid market. The report employs Porter's Five Forces model to assess key factors such as the influence of suppliers and customers, risks posed by different entities, competitive intensity, and the potential of emerging entrepreneurs, offering valuable insights. Additionally, the report presents research data from various companies, including their benefits, gross margins, and strategic decisions in the global market, all conveyed through tables, charts, and infographics.

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What is the projected growth rate (CAGR) of the Global Polyglycolic Acid market from 2024 to 2031?

The Polyglycolic Acid Market is estimated to reach at a CAGR of 9.5% during the forecast period (2024-2031).

What is Polyglycolic Acid Market?

The polyglycolic acid (PGA) market focuses on the production and use of this biodegradable polymer, known for its excellent mechanical strength, high degradability, and gas barrier properties. PGA is widely used in medical applications such as sutures, tissue engineering, and drug delivery systems, as well as in packaging and shale gas extraction. The market is driven by growing demand for sustainable and eco-friendly materials, especially in healthcare and industrial sectors.

Growth Driver

The Growing Demand for Biodegradable Bioplastics

The rising environmental concerns over plastic pollution have accelerated the development of biodegradable bioplastics derived from renewable resources. These eco-friendly alternatives are expected to replace petrochemical-based polymers across industries such as textiles, electronics, agriculture, food packaging, and pharmaceuticals. Polyglycolic acid (PGA), a key biodegradable bioplastic, is particularly noteworthy for its rapid degradation, compostability, and a biodegradation profile similar to cellulose. PGA degrades within about a year, offering short-term stability in ambient conditions, making it a promising solution for reducing plastic waste.

Key Players:

Profiles of some of the major players in the global Polyglycolic Acid market, which include Kureha Corporation, Corbion, Shenzhen Polymtek Biomaterial Co, Ltd., BMG Incorporated, Huizhou Foryou Medical Devices Co., Ltd., Teleflex Incorporated, Unilene, The Chemours Company, Merck KGaA and Boen Healthcare Co., Ltd.

Industry Development:

In November 2021, The Chemours Company announced the launch of Glyclean™ D, a broad-spectrum disinfectant and cleaner that has been registered with the EPA. This product is proven to inactivate SARS-CoV-2 as well as other viruses and bacteria. Glyclean™ D is formulated with a 70% concentration of glycolic acid (GA), an EPA-certified antimicrobial component used in liquid disinfectants for nonporous hard surfaces. Notably, Glyclean™ D is biodegradable and is considered gentler on both humans and the environment compared to harsher chemicals like quaternary ammonium compounds (quats) or bleach.

The purpose of the report is to offer a comprehensive analysis of the market, along with insightful conclusions, statistical data, historical information, market data that has been confirmed by the industry, and predictions based on a sound methodology. By identifying and examining market segments and forecasting global market size, the study also contributes to understanding the dynamics and structure of the global Polyglycolic Acid market.

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Market Segments:

The report covers the segmentation of the market into different segments based on various classifications such as applications, end users, product types, and others. The segmentation is divided into two sections, one for development and the other for different roles, needs, and behaviours.

By Form: Fiber, Film, Others.

By Application: Medical, Oil & Gas, Packaging, Others.

Regional Break out:

☞ North America - US, Canada, Mexico

☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe

☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific

☞ South America- Brazil, Argentina, Colombia, Rest of South America

☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel

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Key Features

➧ Gain deep insights into market dynamics, trends, and opportunities to stay ahead in a competitive landscape.

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➧ Compare your performance with industry leaders to identify gaps, strengths, and areas for improvement.

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➧ Tailor competitive intelligence to your unique business needs, ensuring relevant and focused analysis.

➧ Evaluate supply chain efficiency and logistics strategies to optimize operations and minimize disruptions.

➧ Understand key players, stakeholders, and partnerships to navigate the competitive landscape more effectively.

➧ Identify and target specific market segments with detailed intelligence on customer preferences and behaviours.

➧ Stay informed on regulatory changes and legal requirements impacting your industry to ensure compliance and mitigate risks.

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