PUBLISHER: KBV Research | PRODUCT CODE: 1484329
PUBLISHER: KBV Research | PRODUCT CODE: 1484329
LAMEA Polyglycolic Acid Market Size, Share & Trends Analysis Report By Form (Fibers, Films and Others), By End User (Medical, Oil & Gas, Packaging, and Others), By Country and Growth Forecast, 2024 - 2031
The Latin America, Middle East and Africa Polyglycolic Acid Market would witness market growth of 12.0% CAGR during the forecast period (2024-2031). In the year 2027, the LAMEA market's volume is expected to surge to 5,641.9 tonnes, showcasing a growth of 9.6% (2024-2031).
The Packaging end-user industry is witnessing a significant shift towards sustainability, driving the adoption of Polyglycolic Acid (PGA) as a key material in eco-friendly packaging solutions. PGA's properties, including biodegradability, high barrier performance, and versatility, make it an attractive choice for a wide range of packaging applications. Hence, the Brazil market would utilize 491.2 tonnes of Polyglycolic Acid in Packaging end-user industry by 2031.
The Brazil market dominated the LAMEA Polyglycolic Acid Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $237.9 million by 2031. The Argentina market is capturing a CAGR of 13.2% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 11.6% during (2024 - 2031).
Integrating polyglycolic acid into composite materials and hybrid structures opens new avenues for its use in the automotive, aerospace, and construction sectors. By combining PGA with other materials, such as carbon fibers or biopolymers, manufacturers can tailor the properties of composites to meet specific performance requirements while leveraging PGA's biodegradability and sustainability benefits. Manufacturers can save weight by incorporating PGA into composite materials while maintaining structural integrity and performance.
Researchers and manufacturers are also continuously exploring methods to enhance PGA's mechanical properties, such as tensile strength, modulus, and toughness. This includes the development of novel polymer blends, copolymerization techniques, and fiber reinforcement strategies to improve PGA's performance in demanding applications. By optimizing polymer composition and processing parameters, innovators aim to produce PGA materials with superior mechanical characteristics, making them suitable for a wider range of industrial applications, including structural components, textiles, and composites.
With the expansion of hospitals, clinics, and healthcare facilities in the UAE, there is a rising demand for medical devices and materials used in surgeries and treatments. PGA's biodegradable and biocompatible properties make it an ideal material for absorbable sutures and implants used in various surgical procedures. As healthcare providers prioritize patient care and recovery, the demand for PGA-based medical products is expected to grow.
As per the report titled Investing in Healthcare in UAE, published by the UAE Ministry of Economy, by 2023, the healthcare sector in the Middle East and North Africa was projected to have grown from $144 billion in 2020 to $243 billion, with Dubai's healthcare sector serving as a pivotal contributor to this expansion. Therefore, with the expansion of the healthcare sector in LAMEA, there will be an enhanced demand for polyglycolic acid in the region.
Based on Form, the market is segmented into Fibers, Films and Others. Based on End User, the market is segmented into Medical, Oil & Gas, Packaging, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
List of Key Companies Profiled
- BMG Incorporated
- Huizhou Foryou Medical Devices Co., Ltd. (GL Capital Group)
- Unisur Lifecare Pvt Ltd
- Orion Sutures India Pvt Ltd
- Kureha Corporation
- Shenzhen Polymtek Biomaterial Co., Ltd
- Haihang Industry Co., Ltd. (Haihang Group)
- Polysciences, Inc.
- Teleflex Incorporated
- Merck KGaA
LAMEA Polyglycolic Acid Market Report Segmentation
By Form (Volume, Tonnes, USD Billion, 2020-2031)
- Fibers
- Films
- Others
By End User (Volume, Tonnes, USD Billion, 2020-2031)
- Medical
- Oil & Gas
- Packaging
- Others
By Country (Volume, Tonnes, USD Billion, 2020-2031)
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1.Market Scope & Methodology
- 1.1Market Definition
- 1.2Objectives
- 1.3Market Scope
- 1.4Segmentation
- 1.4.1LAMEA Polyglycolic Acid Market, by Form
- 1.4.2LAMEA Polyglycolic Acid Market, by End User
- 1.4.3LAMEA Polyglycolic Acid Market, by Country
- 1.5Methodology for the research
Chapter 2.Market at a Glance
- 2.1Key Highlights
Chapter 3.Market Overview
- 3.1Introduction
- 3.1.1Overview
- 3.1.1.1Market Composition and Scenario
- 3.1.1Overview
- 3.2Key Factors Impacting the Market
- 3.2.1Market Drivers
- 3.2.2Market Restraints
- 3.2.3Market Opportunities
- 3.2.4Market Challenges
- 3.3Porter Five Forces Analysis
Chapter 4.LAMEA Polyglycolic Acid Market by Form
- 4.1LAMEA Fibers Market by Country
- 4.2LAMEA Films Market by Country
- 4.3LAMEA Others Market by Country
Chapter 5.LAMEA Polyglycolic Acid Market by End-user
- 5.1LAMEA Medical Market by Country
- 5.2LAMEA Oil & Gas Market by Country
- 5.3LAMEA Packaging Market by Country
- 5.4LAMEA Others Market by Country
Chapter 6.LAMEA Polyglycolic Acid Market by Country
- 6.1Brazil Polyglycolic Acid Market
- 6.1.1Brazil Polyglycolic Acid Market by Form
- 6.1.2Brazil Polyglycolic Acid Market by End-user
- 6.2Argentina Polyglycolic Acid Market
- 6.2.1Argentina Polyglycolic Acid Market by Form
- 6.2.2Argentina Polyglycolic Acid Market by End-user
- 6.3UAE Polyglycolic Acid Market
- 6.3.1UAE Polyglycolic Acid Market by Form
- 6.3.2UAE Polyglycolic Acid Market by End-user
- 6.4Saudi Arabia Polyglycolic Acid Market
- 6.4.1Saudi Arabia Polyglycolic Acid Market by Form
- 6.4.2Saudi Arabia Polyglycolic Acid Market by End-user
- 6.5South Africa Polyglycolic Acid Market
- 6.5.1South Africa Polyglycolic Acid Market by Form
- 6.5.2South Africa Polyglycolic Acid Market by End-user
- 6.6Nigeria Polyglycolic Acid Market
- 6.6.1Nigeria Polyglycolic Acid Market by Form
- 6.6.2Nigeria Polyglycolic Acid Market by End-user
- 6.7Rest of LAMEA Polyglycolic Acid Market
- 6.7.1Rest of LAMEA Polyglycolic Acid Market by Form
- 6.7.2Rest of LAMEA Polyglycolic Acid Market by End-user
Chapter 7.Company Profiles
- 7.1BMG Incorporated
- 7.1.1Company Overview
- 7.2Huizhou Foryou Medical Devices Co., Ltd. (GL Capital Group)
- 7.2.1Company Overview
- 7.3Unisur Lifecare Pvt Ltd
- 7.3.1Company Overview
- 7.4Orion Sutures India Pvt Ltd
- 7.4.1Company Overview
- 7.5Kureha Corporation
- 7.5.1Company Overview
- 7.5.2Financial Analysis
- 7.5.3Segmental Analysis
- 7.5.4SWOT Analysis
- 7.6Shenzhen Polymtek Biomaterial Co., Ltd.
- 7.6.1Company Overview
- 7.7Haihang Industry Co., Ltd. (Haihang Group)
- 7.7.1Company Overview
- 7.8Polysciences, Inc.
- 7.8.1Company Overview
- 7.9Teleflex Incorporated
- 7.9.1Company Overview
- 7.9.2Financial Analysis
- 7.9.3Segmental and Regional Analysis
- 7.9.4Research & Development Expenses
- 7.9.5SWOT Analysis
- 7.10.Merck KGaA
- 7.10.1Company Overview
- 7.10.2Financial Analysis
- 7.10.3Segmental and Regional Analysis
- 7.10.4Research & Development Expense
- 7.10.5SWOT Analysis
LIST OF TABLES
- TABLE 1LAMEA Polyglycolic Acid Market, 2020 - 2023, USD Million
- TABLE 2LAMEA Polyglycolic Acid Market, 2024 - 2031, USD Million
- TABLE 3LAMEA Polyglycolic Acid Market, 2020 - 2023, Tonnes
- TABLE 4LAMEA Polyglycolic Acid Market, 2024 - 2031, Tonnes
- TABLE 5LAMEA Polyglycolic Acid Market by Form, 2020 - 2023, USD Million
- TABLE 6LAMEA Polyglycolic Acid Market by Form, 2024 - 2031, USD Million
- TABLE 7LAMEA Polyglycolic Acid Market by Form, 2020 - 2023, Tonnes
- TABLE 8LAMEA Polyglycolic Acid Market by Form, 2024 - 2031, Tonnes
- TABLE 9LAMEA Fibers Market by Country, 2020 - 2023, USD Million
- TABLE 10LAMEA Fibers Market by Country, 2024 - 2031, USD Million
- TABLE 11LAMEA Fibers Market by Country, 2020 - 2023, Tonnes
- TABLE 12LAMEA Fibers Market by Country, 2024 - 2031, Tonnes
- TABLE 13LAMEA Films Market by Country, 2020 - 2023, USD Million
- TABLE 14LAMEA Films Market by Country, 2024 - 2031, USD Million
- TABLE 15LAMEA Films Market by Country, 2020 - 2023, Tonnes
- TABLE 16LAMEA Films Market by Country, 2024 - 2031, Tonnes
- TABLE 17LAMEA Others Market by Country, 2020 - 2023, USD Million
- TABLE 18LAMEA Others Market by Country, 2024 - 2031, USD Million
- TABLE 19LAMEA Others Market by Country, 2020 - 2023, Tonnes
- TABLE 20LAMEA Others Market by Country, 2024 - 2031, Tonnes
- TABLE 21LAMEA Polyglycolic Acid Market by End-user, 2020 - 2023, USD Million
- TABLE 22LAMEA Polyglycolic Acid Market by End-user, 2024 - 2031, USD Million
- TABLE 23LAMEA Polyglycolic Acid Market by End-user, 2020 - 2023, Tonnes
- TABLE 24LAMEA Polyglycolic Acid Market by End-user, 2024 - 2031, Tonnes
- TABLE 25LAMEA Medical Market by Country, 2020 - 2023, USD Million
- TABLE 26LAMEA Medical Market by Country, 2024 - 2031, USD Million
- TABLE 27LAMEA Medical Market by Country, 2020 - 2023, Tonnes
- TABLE 28LAMEA Medical Market by Country, 2024 - 2031, Tonnes
- TABLE 29LAMEA Oil & Gas Market by Country, 2020 - 2023, USD Million
- TABLE 30LAMEA Oil & Gas Market by Country, 2024 - 2031, USD Million
- TABLE 31LAMEA Oil & Gas Market by Country, 2020 - 2023, Tonnes
- TABLE 32LAMEA Oil & Gas Market by Country, 2024 - 2031, Tonnes
- TABLE 33LAMEA Packaging Market by Country, 2020 - 2023, USD Million
- TABLE 34LAMEA Packaging Market by Country, 2024 - 2031, USD Million
- TABLE 35LAMEA Packaging Market by Country, 2020 - 2023, Tonnes
- TABLE 36LAMEA Packaging Market by Country, 2024 - 2031, Tonnes
- TABLE 37LAMEA Others Market by Country, 2020 - 2023, USD Million
- TABLE 38LAMEA Others Market by Country, 2024 - 2031, USD Million
- TABLE 39LAMEA Others Market by Country, 2020 - 2023, Tonnes
- TABLE 40LAMEA Others Market by Country, 2024 - 2031, Tonnes
- TABLE 41LAMEA Polyglycolic Acid Market by Country, 2020 - 2023, USD Million
- TABLE 42LAMEA Polyglycolic Acid Market by Country, 2024 - 2031, USD Million
- TABLE 43LAMEA Polyglycolic Acid Market by Country, 2020 - 2023, Tonnes
- TABLE 44LAMEA Polyglycolic Acid Market by Country, 2024 - 2031, Tonnes
- TABLE 45Brazil Polyglycolic Acid Market, 2020 - 2023, USD Million
- TABLE 46Brazil Polyglycolic Acid Market, 2024 - 2031, USD Million
- TABLE 47Brazil Polyglycolic Acid Market, 2020 - 2023, Tonnes
- TABLE 48Brazil Polyglycolic Acid Market, 2024 - 2031, Tonnes
- TABLE 49Brazil Polyglycolic Acid Market by Form, 2020 - 2023, USD Million
- TABLE 50Brazil Polyglycolic Acid Market by Form, 2024 - 2031, USD Million
- TABLE 51Brazil Polyglycolic Acid Market by Form, 2020 - 2023, Tonnes
- TABLE 52Brazil Polyglycolic Acid Market by Form, 2024 - 2031, Tonnes
- TABLE 53Brazil Polyglycolic Acid Market by End-user, 2020 - 2023, USD Million
- TABLE 54Brazil Polyglycolic Acid Market by End-user, 2024 - 2031, USD Million
- TABLE 55Brazil Polyglycolic Acid Market by End-user, 2020 - 2023, Tonnes
- TABLE 56Brazil Polyglycolic Acid Market by End-user, 2024 - 2031, Tonnes
- TABLE 57Argentina Polyglycolic Acid Market, 2020 - 2023, USD Million
- TABLE 58Argentina Polyglycolic Acid Market, 2024 - 2031, USD Million
- TABLE 59Argentina Polyglycolic Acid Market, 2020 - 2023, Tonnes
- TABLE 60Argentina Polyglycolic Acid Market, 2024 - 2031, Tonnes
- TABLE 61Argentina Polyglycolic Acid Market by Form, 2020 - 2023, USD Million
- TABLE 62Argentina Polyglycolic Acid Market by Form, 2024 - 2031, USD Million
- TABLE 63Argentina Polyglycolic Acid Market by Form, 2020 - 2023, Tonnes
- TABLE 64Argentina Polyglycolic Acid Market by Form, 2024 - 2031, Tonnes
- TABLE 65Argentina Polyglycolic Acid Market by End-user, 2020 - 2023, USD Million
- TABLE 66Argentina Polyglycolic Acid Market by End-user, 2024 - 2031, USD Million
- TABLE 67Argentina Polyglycolic Acid Market by End-user, 2020 - 2023, Tonnes
- TABLE 68Argentina Polyglycolic Acid Market by End-user, 2024 - 2031, Tonnes
- TABLE 69UAE Polyglycolic Acid Market, 2020 - 2023, USD Million
- TABLE 70UAE Polyglycolic Acid Market, 2024 - 2031, USD Million
- TABLE 71UAE Polyglycolic Acid Market, 2020 - 2023, Tonnes
- TABLE 72UAE Polyglycolic Acid Market, 2024 - 2031, Tonnes
- TABLE 73UAE Polyglycolic Acid Market by Form, 2020 - 2023, USD Million
- TABLE 74UAE Polyglycolic Acid Market by Form, 2024 - 2031, USD Million
- TABLE 75UAE Polyglycolic Acid Market by Form, 2020 - 2023, Tonnes
- TABLE 76UAE Polyglycolic Acid Market by Form, 2024 - 2031, Tonnes
- TABLE 77UAE Polyglycolic Acid Market by End-user, 2020 - 2023, USD Million
- TABLE 78UAE Polyglycolic Acid Market by End-user, 2024 - 2031, USD Million
- TABLE 79UAE Polyglycolic Acid Market by End-user, 2020 - 2023, Tonnes
- TABLE 80UAE Polyglycolic Acid Market by End-user, 2024 - 2031, Tonnes
- TABLE 81Saudi Arabia Polyglycolic Acid Market, 2020 - 2023, USD Million
- TABLE 82Saudi Arabia Polyglycolic Acid Market, 2024 - 2031, USD Million
- TABLE 83Saudi Arabia Polyglycolic Acid Market, 2020 - 2023, Tonnes
- TABLE 84Saudi Arabia Polyglycolic Acid Market, 2024 - 2031, Tonnes
- TABLE 85Saudi Arabia Polyglycolic Acid Market by Form, 2020 - 2023, USD Million
- TABLE 86Saudi Arabia Polyglycolic Acid Market by Form, 2024 - 2031, USD Million
- TABLE 87Saudi Arabia Polyglycolic Acid Market by Form, 2020 - 2023, Tonnes
- TABLE 88Saudi Arabia Polyglycolic Acid Market by Form, 2024 - 2031, Tonnes
- TABLE 89Saudi Arabia Polyglycolic Acid Market by End-user, 2020 - 2023, USD Million
- TABLE 90Saudi Arabia Polyglycolic Acid Market by End-user, 2024 - 2031, USD Million
- TABLE 91Saudi Arabia Polyglycolic Acid Market by End-user, 2020 - 2023, Tonnes
- TABLE 92Saudi Arabia Polyglycolic Acid Market by End-user, 2024 - 2031, Tonnes
- TABLE 93South Africa Polyglycolic Acid Market, 2020 - 2023, USD Million
- TABLE 94South Africa Polyglycolic Acid Market, 2024 - 2031, USD Million
- TABLE 95South Africa Polyglycolic Acid Market, 2020 - 2023, Tonnes
- TABLE 96South Africa Polyglycolic Acid Market, 2024 - 2031, Tonnes
- TABLE 97South Africa Polyglycolic Acid Market by Form, 2020 - 2023, USD Million
- TABLE 98South Africa Polyglycolic Acid Market by Form, 2024 - 2031, USD Million
- TABLE 99South Africa Polyglycolic Acid Market by Form, 2020 - 2023, Tonnes
- TABLE 100South Africa Polyglycolic Acid Market by Form, 2024 - 2031, Tonnes
- TABLE 101South Africa Polyglycolic Acid Market by End-user, 2020 - 2023, USD Million
- TABLE 102South Africa Polyglycolic Acid Market by End-user, 2024 - 2031, USD Million
- TABLE 103South Africa Polyglycolic Acid Market by End-user, 2020 - 2023, Tonnes
- TABLE 104South Africa Polyglycolic Acid Market by End-user, 2024 - 2031, Tonnes
- TABLE 105Nigeria Polyglycolic Acid Market, 2020 - 2023, USD Million
- TABLE 106Nigeria Polyglycolic Acid Market, 2024 - 2031, USD Million
- TABLE 107Nigeria Polyglycolic Acid Market, 2020 - 2023, Tonnes
- TABLE 108Nigeria Polyglycolic Acid Market, 2024 - 2031, Tonnes
- TABLE 109Nigeria Polyglycolic Acid Market by Form, 2020 - 2023, USD Million
- TABLE 110Nigeria Polyglycolic Acid Market by Form, 2024 - 2031, USD Million
- TABLE 111Nigeria Polyglycolic Acid Market by Form, 2020 - 2023, Tonnes
- TABLE 112Nigeria Polyglycolic Acid Market by Form, 2024 - 2031, Tonnes
- TABLE 113Nigeria Polyglycolic Acid Market by End-user, 2020 - 2023, USD Million
- TABLE 114Nigeria Polyglycolic Acid Market by End-user, 2024 - 2031, USD Million
- TABLE 115Nigeria Polyglycolic Acid Market by End-user, 2020 - 2023, Tonnes
- TABLE 116Nigeria Polyglycolic Acid Market by End-user, 2024 - 2031, Tonnes
- TABLE 117Rest of LAMEA Polyglycolic Acid Market, 2020 - 2023, USD Million
- TABLE 118Rest of LAMEA Polyglycolic Acid Market, 2024 - 2031, USD Million
- TABLE 119Rest of LAMEA Polyglycolic Acid Market, 2020 - 2023, Tonnes
- TABLE 120Rest of LAMEA Polyglycolic Acid Market, 2024 - 2031, Tonnes
- TABLE 121Rest of LAMEA Polyglycolic Acid Market by Form, 2020 - 2023, USD Million
- TABLE 122Rest of LAMEA Polyglycolic Acid Market by Form, 2024 - 2031, USD Million
- TABLE 123Rest of LAMEA Polyglycolic Acid Market by Form, 2020 - 2023, Tonnes
- TABLE 124Rest of LAMEA Polyglycolic Acid Market by Form, 2024 - 2031, Tonnes
- TABLE 125Rest of LAMEA Polyglycolic Acid Market by End-user, 2020 - 2023, USD Million
- TABLE 126Rest of LAMEA Polyglycolic Acid Market by End-user, 2024 - 2031, USD Million
- TABLE 127Rest of LAMEA Polyglycolic Acid Market by End-user, 2020 - 2023, Tonnes
- TABLE 128Rest of LAMEA Polyglycolic Acid Market by End-user, 2024 - 2031, Tonnes
- TABLE 129Key Information - BMG Incorporated
- TABLE 130Key Information - Huizhou Foryou Medical Devices Co., Ltd.
- TABLE 131Key Information - Unisur Lifecare Pvt Ltd
- TABLE 132Key Information - Orion Sutures India Pvt Ltd
- TABLE 133Key Information - Kureha Corporation
- TABLE 134Key Information - Shenzhen Polymtek Biomaterial Co., Ltd.
- TABLE 135Key Information - Haihang Industry CO., LTD.
- TABLE 136Key Information - Polysciences, Inc.
- TABLE 137Key Information - Teleflex Incorporated
- TABLE 138key Information - Merck KGaA
