Global Polyglycolic Acid (PGA) Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast 2024 to 2032

Description

List of Tables

The global demand for Polyglycolic Acid (PGA) Market is presumed to reach the market size of nearly USD 15.64 Billion by 2032 from USD 6.62 Billion in 2023 with a CAGR of 10.02% under the study period 2024-2032.

Polyglycolic Acid (PGA) often referred to as polyglycolide is composed of polymers of glycolide acids. It possesses the simplest chemical structure of aliphatic polyester. PGA is a novel biodegradable resin that exhibits high mechanical strength and high gas-barrier performance. PGA is witnessing widespread application across the industries such as shale gas extraction, packaging, medical, civil engineering, agriculture, and filters due to its excellent biodegradability property owing to its sensitivity to hydrolysis when compared to another synthetic polymer.

MARKET DYNAMICS

Polyglycolic acid is witnessing high demand from the medical industry owing to growing application in the absorbable suture and other advanced surgical tools. Rising demand of polyglycolic acid in biomedical applications such as controlled drug delivery, tissue engineering, and others is fueling the market growth. In addition, U.S., Europe, and Japan governments have accepted Polyglycolic acid as a biodegradable plastic. Growing preference of consumers for biodegradable plastic packaging is further supporting the market growth. However, High cost of polyglycolic acid is expected to restrict its usage substantially over the years to come. Also, the lack of awareness regarding the usage of polyglycolic acid within potential customers is projected to hamper its demand in the near future.

The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Polyglycolic Acid (PGA). The growth and trends of Polyglycolic Acid (PGA) industry provide a holistic approach to this study.

MARKET SEGMENTATION

This section of the Polyglycolic Acid (PGA) market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.

By Form

Fibers
Films
Others (Plate, Rod, and Composites)

By End-use Industry

Medical
Oil & Gas
Packaging
Others (Civil Engineering, Agriculture, and Filter)

REGIONAL ANALYSIS

This section covers the regional outlook, which accentuates current and future demand for the Polyglycolic Acid (PGA) market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.

The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Polyglycolic Acid (PGA) market include Kureha Corporation (Japan), Corbion (Netherlands), Shenzhen Polymtek Biomaterial Co, .Ltd. (China), BMG Incorporated (JAPAN), Huizhou Foryou Medical Devices Co. Ltd. (China), Teleflex Incorporated (US). This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.

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Product Code: VMR11210003

1. PREFACE

1.1. Report Description
- 1.1.1 Objective
- 1.1.2 Target Audience
- 1.1.3 Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
- 1.3.1 Market Research Process
- 1.3.2 Market Research Methodology

2. EXECUTIVE SUMMARY

2.1. Highlights of Market
2.2. Global Market Snapshot

3. POLYGLYCOLIC ACID (PGA) - INDUSTRY ANALYSIS

3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter's Five Force Analysis
3.7. Market Attractiveness Analysis
- 3.7.1 Market Attractiveness Analysis By Form
- 3.7.2 Market Attractiveness Analysis By End-use Industry
- 3.7.3 Market Attractiveness Analysis By Region

4. VALUE CHAIN ANALYSIS

4.1. Value Chain Analysis
4.2. Raw Material Analysis
- 4.2.1 List of Raw Materials
- 4.2.2 Raw Material Manufactures List
- 4.2.3 Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
- 4.4.1 Direct Marketing
- 4.4.2 Indirect Marketing
- 4.4.3 Marketing Channel Development Trend

5. GLOBAL POLYGLYCOLIC ACID (PGA) MARKET ANALYSIS BY FORM

5.1. Overview By Form
5.2. Historical and Forecast Data Analysis By Form
5.3. Fibers Historic and Forecast Sales By Regions
5.4. Films Historic and Forecast Sales By Regions
5.5. Others (Plate, Rod, and Composites) Historic and Forecast Sales By Regions

6. GLOBAL POLYGLYCOLIC ACID (PGA) MARKET ANALYSIS BY END-USE INDUSTRY

6.1. Overview By End-use Industry
6.2. Historical and Forecast Data Analysis By End-use Industry
6.3. Medical Historic and Forecast Sales By Regions
6.4. Oil & Gas Historic and Forecast Sales By Regions
6.5. Packaging Historic and Forecast Sales By Regions
6.6. Others (Civil Engineering, Agriculture, and Filter) Historic and Forecast Sales By Regions

7. GLOBAL POLYGLYCOLIC ACID (PGA) MARKET ANALYSIS BY GEOGRAPHY

7.1. Regional Outlook
7.2. Introduction
7.3. North America Sales Analysis
- 7.3.1 Overview, Historic and Forecast Data Sales Analysis
- 7.3.2 North America By Segment Sales Analysis
- 7.3.3 North America By Country Sales Analysis
- 7.3.4 United States Sales Analysis
- 7.3.5 Canada Sales Analysis
- 7.3.6 Mexico Sales Analysis
7.4. Europe Sales Analysis
- 7.4.1 Overview, Historic and Forecast Data Sales Analysis
- 7.4.2 Europe By Segment Sales Analysis
- 7.4.3 Europe By Country Sales Analysis
- 7.4.4 United Kingdom Sales Analysis
- 7.4.5 France Sales Analysis
- 7.4.6 Germany Sales Analysis
- 7.4.7 Italy Sales Analysis
- 7.4.8 Russia Sales Analysis
- 7.4.9 Rest Of Europe Sales Analysis
7.5. Asia Pacific Sales Analysis
- 7.5.1 Overview, Historic and Forecast Data Sales Analysis
- 7.5.2 Asia Pacific By Segment Sales Analysis
- 7.5.3 Asia Pacific By Country Sales Analysis
- 7.5.4 China Sales Analysis
- 7.5.5 India Sales Analysis
- 7.5.6 Japan Sales Analysis
- 7.5.7 South Korea Sales Analysis
- 7.5.8 Australia Sales Analysis
- 7.5.9 South East Asia Sales Analysis
- 7.5.10 Rest Of Asia Pacific Sales Analysis
7.6. Latin America Sales Analysis
- 7.6.1 Overview, Historic and Forecast Data Sales Analysis
- 7.6.2 Latin America By Segment Sales Analysis
- 7.6.3 Latin America By Country Sales Analysis
- 7.6.4 Brazil Sales Analysis
- 7.6.5 Argentina Sales Analysis
- 7.6.6 Peru Sales Analysis
- 7.6.7 Chile Sales Analysis
- 7.6.8 Rest of Latin America Sales Analysis
7.7. Middle East & Africa Sales Analysis
- 7.7.1 Overview, Historic and Forecast Data Sales Analysis
- 7.7.2 Middle East & Africa By Segment Sales Analysis
- 7.7.3 Middle East & Africa By Country Sales Analysis
- 7.7.4 Saudi Arabia Sales Analysis
- 7.7.5 UAE Sales Analysis
- 7.7.6 Israel Sales Analysis
- 7.7.7 South Africa Sales Analysis
- 7.7.8 Rest Of Middle East And Africa Sales Analysis

8. COMPETITIVE LANDSCAPE OF THE POLYGLYCOLIC ACID (PGA) COMPANIES

8.1. Polyglycolic Acid (PGA) Market Competition
8.2. Partnership/Collaboration/Agreement
8.3. Merger And Acquisitions
8.4. New Product Launch
8.5. Other Developments

9. COMPANY PROFILES OF POLYGLYCOLIC ACID (PGA) INDUSTRY

9.1. Top Companies Market Share Analysis
9.2. Market Concentration Rate
9.3. Kureha Corporation (Japan)
- 9.3.1 Company Overview
- 9.3.2 Company Revenue
- 9.3.3 Products
- 9.3.4 Recent Developments
9.4. Corbion (Netherlands)
- 9.4.1 Company Overview
- 9.4.2 Company Revenue
- 9.4.3 Products
- 9.4.4 Recent Developments
9.5. Shenzhen Polymtek Biomaterial Co. Ltd. (China)
- 9.5.1 Company Overview
- 9.5.2 Company Revenue
- 9.5.3 Products
- 9.5.4 Recent Developments
9.6. Teleflex Incorporated (US)
- 9.6.1 Company Overview
- 9.6.2 Company Revenue
- 9.6.3 Products
- 9.6.4 Recent Developments
9.7. BMG Incorporated (JAPAN)
- 9.7.1 Company Overview
- 9.7.2 Company Revenue
- 9.7.3 Products
- 9.7.4 Recent Developments
9.8. Huizhou Foryou Medical Devices Co. Ltd. (China)
- 9.8.1 Company Overview
- 9.8.2 Company Revenue
- 9.8.3 Products
- 9.8.4 Recent Developments

Note - In company profiling, financial details and recent developments are subject to availability or might not be covered in the case of private companies