Polyglycolic Acid Market Opportunities 2031
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.
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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.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
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
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Polyglycolic Acid Market - By Form
1.3.2 Polyglycolic Acid Market - By End-Use Industry
1.3.3 Polyglycolic Acid Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. POLYGLYCOLIC ACID MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. POLYGLYCOLIC ACID MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. POLYGLYCOLIC ACID MARKET - GLOBAL MARKET ANALYSIS
6.1. POLYGLYCOLIC ACID - GLOBAL MARKET OVERVIEW
6.2. POLYGLYCOLIC ACID - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. POLYGLYCOLIC ACID MARKET - REVENUE AND FORECASTS TO 2028 - FORM
7.1. OVERVIEW
7.2. FORM MARKET FORECASTS AND ANALYSIS
7.3. FIBER
7.3.1. Overview
7.3.2. Fiber Market Forecast and Analysis
7.4. FILM
7.4.1. Overview
7.4.2. Film Market Forecast and Analysis
7.5. OTHERS
7.5.1. Overview
7.5.2. Others Market Forecast and Analysis
8. POLYGLYCOLIC ACID MARKET - REVENUE AND FORECASTS TO 2028 - END-USE INDUSTRY
8.1. OVERVIEW
8.2. END-USE INDUSTRY MARKET FORECASTS AND ANALYSIS
8.3. MEDICAL
8.3.1. Overview
8.3.2. Medical Market Forecast and Analysis
8.4. OIL AND GAS
8.4.1. Overview
8.4.2. Oil and Gas Market Forecast and Analysis
8.5. PACKAGING
8.5.1. Overview
8.5.2. Packaging Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. POLYGLYCOLIC ACID MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Polyglycolic Acid Market Overview
9.1.2 North America Polyglycolic Acid Market Forecasts and Analysis
9.1.3 North America Polyglycolic Acid Market Forecasts and Analysis - By Form
9.1.4 North America Polyglycolic Acid Market Forecasts and Analysis - By End-Use Industry
9.1.5 North America Polyglycolic Acid Market Forecasts and Analysis - By Countries
9.1.5.1 United States Polyglycolic Acid Market
9.1.5.1.1 United States Polyglycolic Acid Market by Form
9.1.5.1.2 United States Polyglycolic Acid Market by End-Use Industry
9.1.5.2 Canada Polyglycolic Acid Market
9.1.5.2.1 Canada Polyglycolic Acid Market by Form
9.1.5.2.2 Canada Polyglycolic Acid Market by End-Use Industry
9.1.5.3 Mexico Polyglycolic Acid Market
9.1.5.3.1 Mexico Polyglycolic Acid Market by Form
9.1.5.3.2 Mexico Polyglycolic Acid Market by End-Use Industry
9.2. EUROPE
9.2.1 Europe Polyglycolic Acid Market Overview
9.2.2 Europe Polyglycolic Acid Market Forecasts and Analysis
9.2.3 Europe Polyglycolic Acid Market Forecasts and Analysis - By Form
9.2.4 Europe Polyglycolic Acid Market Forecasts and Analysis - By End-Use Industry
9.2.5 Europe Polyglycolic Acid Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Polyglycolic Acid Market
9.2.5.1.1 Germany Polyglycolic Acid Market by Form
9.2.5.1.2 Germany Polyglycolic Acid Market by End-Use Industry
9.2.5.2 France Polyglycolic Acid Market
9.2.5.2.1 France Polyglycolic Acid Market by Form
9.2.5.2.2 France Polyglycolic Acid Market by End-Use Industry
9.2.5.3 Italy Polyglycolic Acid Market
9.2.5.3.1 Italy Polyglycolic Acid Market by Form
9.2.5.3.2 Italy Polyglycolic Acid Market by End-Use Industry
9.2.5.4 United Kingdom Polyglycolic Acid Market
9.2.5.4.1 United Kingdom Polyglycolic Acid Market by Form
9.2.5.4.2 United Kingdom Polyglycolic Acid Market by End-Use Industry
9.2.5.5 Russia Polyglycolic Acid Market
9.2.5.5.1 Russia Polyglycolic Acid Market by Form
9.2.5.5.2 Russia Polyglycolic Acid Market by End-Use Industry
9.2.5.6 Rest of Europe Polyglycolic Acid Market
9.2.5.6.1 Rest of Europe Polyglycolic Acid Market by Form
9.2.5.6.2 Rest of Europe Polyglycolic Acid Market by End-Use Industry
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Polyglycolic Acid Market Overview
9.3.2 Asia-Pacific Polyglycolic Acid Market Forecasts and Analysis
9.3.3 Asia-Pacific Polyglycolic Acid Market Forecasts and Analysis - By Form
9.3.4 Asia-Pacific Polyglycolic Acid Market Forecasts and Analysis - By End-Use Industry
9.3.5 Asia-Pacific Polyglycolic Acid Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Polyglycolic Acid Market
9.3.5.1.1 Australia Polyglycolic Acid Market by Form
9.3.5.1.2 Australia Polyglycolic Acid Market by End-Use Industry
9.3.5.2 China Polyglycolic Acid Market
9.3.5.2.1 China Polyglycolic Acid Market by Form
9.3.5.2.2 China Polyglycolic Acid Market by End-Use Industry
9.3.5.3 India Polyglycolic Acid Market
9.3.5.3.1 India Polyglycolic Acid Market by Form
9.3.5.3.2 India Polyglycolic Acid Market by End-Use Industry
9.3.5.4 Japan Polyglycolic Acid Market
9.3.5.4.1 Japan Polyglycolic Acid Market by Form
9.3.5.4.2 Japan Polyglycolic Acid Market by End-Use Industry
9.3.5.5 South Korea Polyglycolic Acid Market
9.3.5.5.1 South Korea Polyglycolic Acid Market by Form
9.3.5.5.2 South Korea Polyglycolic Acid Market by End-Use Industry
9.3.5.6 Rest of Asia-Pacific Polyglycolic Acid Market
9.3.5.6.1 Rest of Asia-Pacific Polyglycolic Acid Market by Form
9.3.5.6.2 Rest of Asia-Pacific Polyglycolic Acid Market by End-Use Industry
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Polyglycolic Acid Market Overview
9.4.2 Middle East and Africa Polyglycolic Acid Market Forecasts and Analysis
9.4.3 Middle East and Africa Polyglycolic Acid Market Forecasts and Analysis - By Form
9.4.4 Middle East and Africa Polyglycolic Acid Market Forecasts and Analysis - By End-Use Industry
9.4.5 Middle East and Africa Polyglycolic Acid Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Polyglycolic Acid Market
9.4.5.1.1 South Africa Polyglycolic Acid Market by Form
9.4.5.1.2 South Africa Polyglycolic Acid Market by End-Use Industry
9.4.5.2 Saudi Arabia Polyglycolic Acid Market
9.4.5.2.1 Saudi Arabia Polyglycolic Acid Market by Form
9.4.5.2.2 Saudi Arabia Polyglycolic Acid Market by End-Use Industry
9.4.5.3 U.A.E Polyglycolic Acid Market
9.4.5.3.1 U.A.E Polyglycolic Acid Market by Form
9.4.5.3.2 U.A.E Polyglycolic Acid Market by End-Use Industry
9.4.5.4 Rest of Middle East and Africa Polyglycolic Acid Market
9.4.5.4.1 Rest of Middle East and Africa Polyglycolic Acid Market by Form
9.4.5.4.2 Rest of Middle East and Africa Polyglycolic Acid Market by End-Use Industry
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Polyglycolic Acid Market Overview
9.5.2 South and Central America Polyglycolic Acid Market Forecasts and Analysis
9.5.3 South and Central America Polyglycolic Acid Market Forecasts and Analysis - By Form
9.5.4 South and Central America Polyglycolic Acid Market Forecasts and Analysis - By End-Use Industry
9.5.5 South and Central America Polyglycolic Acid Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Polyglycolic Acid Market
9.5.5.1.1 Brazil Polyglycolic Acid Market by Form
9.5.5.1.2 Brazil Polyglycolic Acid Market by End-Use Industry
9.5.5.2 Argentina Polyglycolic Acid Market
9.5.5.2.1 Argentina Polyglycolic Acid Market by Form
9.5.5.2.2 Argentina Polyglycolic Acid Market by End-Use Industry
9.5.5.3 Rest of South and Central America Polyglycolic Acid Market
9.5.5.3.1 Rest of South and Central America Polyglycolic Acid Market by Form
9.5.5.3.2 Rest of South and Central America Polyglycolic Acid Market by End-Use Industry
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. POLYGLYCOLIC ACID MARKET, KEY COMPANY PROFILES
11.1. B. BRAUN MELSUNGEN AG
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. BMG INCORPORATED
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. CORBION NV
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. DEMETECH SUTURES
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. EVONIK INDUSTRIES
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. KUREHA CORPORATION
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. ORION SUTURES INDIA PVT. LTD
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. SIGMA-ALDRICH, INC. (MERCK KGAA)
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. TELEFLEX INCORPORATED
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. THE CHEMOURS COMPANY
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. B. Braun Melsungen AG
2. BMG Incorporated
3. Corbion NV
4. DemeTech Sutures
5. Evonik Industries
6. Kureha Corporation
7. Orion Sutures India Pvt. Ltd
8. Sigma-Aldrich, Inc. (Merck KGaA)
9. Teleflex Incorporated
10. The Chemours Company
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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