Polyglycolic Acid Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Polyglycolic acid is a thermoplastic polymer which belongs to aliphatic polyesters family. The product is characterized by biodegradability and superior biocompatibility along with high strength and low gas permeability. It is produced by ring-opening polymerization or polycondensation of glycolic acid. Polyglycolic acid is widely used across several end use industries such as medical, oil and gas, packaging and other end use industries. Now-a days, it is being increasingly demanded for various medical applications such as production of absorbable sutures etc.

MARKET DYNAMICS

The polyglycolic acid market has witnessed a significant growth owing to factors such as growing use of PGA in biomedical application coupled with the rising demand for biodegradable polymer in the packaging industry. However, high cost associated with the production of polyglycolic acid is projected to hamper the polyglycolic acid market growth over the projected period. Moreover, the primary trend followed in the polyglycolic acid market is rising opportunities of PGA application in shale gas extraction.

MARKET SCOPE

The "Global Polyglycolic Acid Market Analysis to 2031" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the polyglycolic acid market with detailed market segmentation by type, end user industry, and geography. The global polyglycolic acid market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading polyglycolic acid market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global polyglycolic acid market is segmented on the basis of form and end user industry. On the basis of form, the polyglycolic acid market is segmented into fiber, film and others. The polyglycolic acid market on the basis of the end user industry is classified into medical, oil and gas, packaging and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global polyglycolic acid market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The polyglycolic acid market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the polyglycolic acid market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the polyglycolic acid market in these regions.

MARKET PLAYERS

The reports cover key developments in the polyglycolic acid market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from polyglycolic acid market are anticipated to lucrative growth opportunities in the future with the rising demand for Polyglycolic acid in the global market. Below mentioned is the list of few companies engaged in the Polyglycolic acid market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the polyglycolic acid market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

- B. Braun Melsungen AG
- BMG Incorporated
- Corbion NV
- DemeTech Sutures
- Evonik Industries
- Kureha Corporation
- Orion Sutures India Pvt. Ltd
- Sigma-Aldrich, Inc. (Merck KGaA)
- Teleflex Incorporated
- The Chemours Company



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Polyglycolic Acid Report Scope