Polyglycolic Acid Market to witness growth over 4.7% by 2024.

Polyglycolic acid (PGA) market is poised to have strong demand in accordance with the modern trends in the packaging sector by 2024. The packaging industry focus has been consistently drifted to the usage of compostable and degradable polymers. Approval of polyglycolic acid (polyglycolide) as a biodegradable plastic by the U.S., Japan and Europe governments present strong prospects for product demand. When polyglycolide is used in multi-layered PET bottles as an inner layer, the bottle can be recycled using standard PET recycling processes. This reduces the extent of CO2 outflowing from carbonated drink bottle and provides extended shelf life. Such traits are expected to boost the market over the forecast period.

"Polyglycolic Acid Market is estimated to generate about USD 9 billion by 2024; as per the new research report by Global Market Insights, Inc.”

PGA market will observe the mounting demand of product for medical applications in future years. Polyglycolide sutures have witnessed a widening acceptance among other absorbable sutures in the recent decade. A global escalation in obesity rates has resulted in a rise in the number of bariatric surgeries performed annually. The American Society for Metabolic & Bariatric Surgery (ASMBS) stated that in 2016, over 210,000 bariatric measures were undertaken in the U.S. Rising prevalence of lifestyle ailments and a consequent rise in procedures for their treatment shall demand effective wound closure methods for increased patient expediency and faster recovery by 2024.

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High rate of degradation featured by PGA along with its low solubility might limit the product usage in biomedical applications. The industry will be benefited soon with robust product development initiatives in order to control its rate of degradation as well as cost of production.

Fiber form of product had more than 40% share in 2016, which will have prominent gains in next 7 years, with swelling product usage in medical applications. The film segment in the global polyglycolide market shall rise with CAGR of 8.5% during forecast timespan. A rise in the product usage in the multi-layered PET bottles, as an inner layer will propel the size of film form by 2024.

In 2016, largest revenue share was held by the medical sector in the global polyglycolic acid market, with a huge share exceeding 60%. The unique properties demonstrated by PGA such as: easy handling, strong tensile strength, strong knotting ability, etc. will boost its demand in medical sector by 2024. Shale gas extraction will be another key area for the product demand in the coming years. Unlike the metal plugs, the frac plugs made of degradable PGA resin, could severely reduce field operators’ costs in shale gas extraction. Since, these frac plugs don’t involve retrieval from the well bores after use, the shale field operators will be benefited by the product usage in the future years.

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North America had the highest share in global polyglycolic acid market in 2016, with market share exceeding 60%. Europe shall observe gains up to CAGR 8% in the forecast period. The region depicts promising advances for PGA. European projects such as RefuCoat - involving development of bioplastic materials and PGA based barrier coatings, as alternative to metal-based packaging will drive the market in the region in the coming years.

In 2016, polyglycolide market observed monopolistic traits, as Kureha Corporation held massive share above 75%. Kureha has been investing significantly in the product development with a sturdy focus on downstream markets. Few other industry manufacturers include: BMG, Corbion Corporation, Polymtek, etc.

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Polyglycolic acid market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in tons & revenue in USD million from 2013 to 2024, for the following segments:
Polyglycolic Acid Market Of Form By Application
o Fiber
 Medical
 Others
o Film
 Packaging
o Other forms
 Medical
 Shale gas extraction
 Others
Polyglycolic Acid Market By Application
o Medical
o Packaging
o Shale gas extraction
o Others
The above information is provided on a regional and country basis for the following:
o North America
 U.S.
 Canada
o Europe
 Germany
 UK
 France
 Spain
 Italy
 Russia
 Netherlands
 Norway
o Asia Pacific
 China
 India
 Japan
 Australia
 Indonesia
 Thailand
o Latin America
 Brazil
 Mexico
 Argentina
 Venezuela
o MEA
 South Africa
 UAE
 Saudi Arabia
 Iran
 Qatar

Report Content
Chapter 6. Polyglycolic Acid Market, By Region
6.1. Polyglycolic acid market share by region, 2016 & 2024
6.2. North America
6.2.1. North America market estimates and forecast, 2013 - 2024
6.2.2. North America market estimates and forecast of form, by application, 2013 – 2024
6.2.3. North America market estimates and forecast by application, 2013 – 2024
6.2.4. U.S.
6.2.4.1. U.S market estimates and forecast, 2013 - 2024
6.2.4.2. U.S. market estimates and forecast of form, by application, 2013 – 2024
6.2.4.3. U.S. market estimates and forecast by application, 2013 – 2024
6.2.5. Canada
6.2.5.1. Canada market estimates and forecast, 2013 - 2024
6.2.5.2. Canada market estimates and forecast of form, by application, 2013 – 2024
6.2.5.3. Canada market estimates and forecast by application, 2013 – 2024
6.3. Europe
6.3.1. Europe market estimates and forecast, 2013 - 2024
6.3.2. Europe market estimates and forecast of form, by application, 2013 – 2024
6.3.3. Europe market estimates and forecast by application, 2013 – 2024
6.3.4. Germany
6.3.4.1. Germany market estimates and forecast, 2013 – 2024
6.3.4.2. Germany market estimates and forecast of form, by application, 2013 – 2024
6.3.4.3. Germany market estimates and forecast by application, 2013 – 2024
6.3.5. UK
6.3.5.1. UK market estimates and forecast, 2013 - 2024
6.3.5.2. UK market estimates and forecast of form, by application, 2013 – 2024
6.3.5.3. UK market estimates and forecast by application, 2013 – 2024
6.3.6. France
6.3.6.1. France market estimates and forecast, 2013 - 2024
6.3.6.2. France market estimates and forecast of form, by application, 2013 – 2024
6.3.6.3. France market estimates and forecast by application, 2013 – 2024
6.3.7. Spain
6.3.7.1. Spain market estimates and forecast, 2013 - 2024
6.3.7.2. Spain market estimates and forecast of form, by application, 2013 – 2024
6.3.7.3. Spain market estimates and forecast by application, 2013 – 2024
6.3.8. Italy
6.3.8.1. Italy market estimates and forecast, 2013 - 2024
6.3.8.2. Italy market estimates and forecast of form, by application, 2013 – 2024
6.3.8.3. Italy market estimates and forecast by application, 2013 – 2024
6.3.9. Russia
6.3.9.1. Russia market estimates and forecast, 2013 - 2024
6.3.9.2. Russia market estimates and forecast of form, by application, 2013 – 2024
6.3.9.3. Russia market estimates and forecast by application, 2013 – 2024
6.3.10. Netherlands
6.3.10.1. Netherlands market estimates and forecast, 2013 - 2024
6.3.10.2. Netherlands market estimates and forecast of form, by application, 2013 – 2024
6.3.10.3. Netherlands market estimates and forecast by application, 2013 – 2024
6.3.11. Norway
6.3.11.1. Norway market estimates and forecast, 2013 - 2024
6.3.11.2. Norway market estimates and forecast of form, by application, 2013 – 2024
6.3.11.3. Norway market estimates and forecast by application, 2013 – 2024
6.4. Asia Pacific
6.4.1. Asia Pacific market estimates and forecast, 2013 - 2024
6.4.2. Asia Pacific market estimates and forecast of form, by application, 2013 – 2024
6.4.3. Asia Pacific market estimates and forecast by application, 2013 – 2024
6.4.4. China
6.4.4.1. China market estimates and forecast, 2013 - 2024
6.4.4.2. China market estimates and forecast of form, by application, 2013 – 2024
6.4.4.3. China market estimates and forecast by application, 2013 – 2024
6.4.5. India
6.4.5.1. India market estimates and forecast, 2013 - 2024
6.4.5.2. India market estimates and forecast of form, by application, 2013 – 2024
6.4.5.3. India market estimates and forecast by application, 2013 – 2024
6.4.6. Japan
6.4.6.1. Japan market estimates and forecast, 2013 - 2024
6.4.6.2. Japan market estimates and forecast of form, by application, 2013 – 2024
6.4.6.3. Japan market estimates and forecast by application, 2013 – 2024
6.4.7. Australia
6.4.7.1. Australia market estimates and forecast, 2013 - 2024
6.4.7.2. Australia market estimates and forecast of form, by application, 2013 – 2024
6.4.7.3. Australia market estimates and forecast by application, 2013 – 2024
6.4.8. Indonesia
6.4.8.1. Indonesia market estimates and forecast, 2013 - 2024
6.4.8.2. Indonesia market estimates and forecast of form, by application, 2013 – 2024
6.4.8.3. Indonesia market estimates and forecast by application, 2013 – 2024
6.4.9. Thailand
6.4.9.1. Thailand market estimates and forecast, 2013 - 2024
6.4.9.2. Thailand market estimates and forecast of form, by application, 2013 – 2024
6.4.9.3. Thailand market estimates and forecast by application, 2013 – 2024
6.5. Latin America (LATAM)
6.5.1. LATAM market estimates and forecast, 2013 - 2024
6.5.2. LATAM market estimates and forecast of form, by application, 2013 – 2024
6.5.3. LATAM market estimates and forecast by application, 2013 – 2024
6.5.4. Brazil
6.5.4.1. Brazil market estimates and forecast, 2013 - 2024
6.5.4.2. Brazil market estimates and forecast of form, by application, 2013 – 2024
6.5.4.3. Brazil market estimates and forecast by application, 2013 – 2024
6.5.5. Mexico
6.5.5.1. Mexico market estimates and forecast, 2013 - 2024
6.5.5.2. Mexico market estimates and forecast of form, by application, 2013 – 2024
6.5.5.3. Mexico market estimates and forecast by application, 2013 – 2024
6.5.6. Argentina
6.5.6.1. Argentina market estimates and forecast, 2013 - 2024
6.5.6.2. Argentina market estimates and forecast of form, by application, 2013 – 2024
6.5.6.3. Argentina market estimates and forecast by application, 2013 – 2024
6.5.7. Venezuela
6.5.7.1. Venezuela market estimates and forecast, 2013 - 2024
6.5.7.2. Venezuela market estimates and forecast of form, by application, 2013 – 2024
6.5.7.3. Venezuela market estimates and forecast by application, 2013 – 2024
6.6. Middle East & Africa (MEA)
6.6.1. MEA market estimates and forecast, 2013 - 2024
6.6.2. MEA market estimates and forecast of form, by application, 2013 – 2024
6.6.3. MEA market estimates and forecast by application, 2013 – 2024
6.6.4. South Africa
6.6.4.1. South Africa market estimates and forecast, 2013 - 2024
6.6.4.2. South Africa market estimates and forecast of form, by application, 2013 – 2024
6.6.4.3. South Africa market estimates and forecast by application, 2013 – 2024
6.6.5. UAE
6.6.5.1. UAE market estimates and forecast, 2013 - 2024
6.6.5.2. UAE market estimates and forecast of form, by application, 2013 – 2024
6.6.5.3. UAE market estimates and forecast by application, 2013 – 2024
6.6.6. Saudi Arabia
6.6.6.1. Saudi Arabia market estimates and forecast, 2013 - 2024
6.6.6.2. Saudi Arabia market estimates and forecast of form, by application, 2013 – 2024
6.6.6.3. Saudi Arabia market estimates and forecast by application, 2013 – 2024
6.6.7. Iran
6.6.7.1. Iran market estimates and forecast, 2013 - 2024
6.6.7.2. Iran market estimates and forecast of form, by application, 2013 – 2024
6.6.7.3. Iran market estimates and forecast by application, 2013 – 2024
6.6.8. Qatar
6.6.8.1. Qatar market estimates and forecast, 2013 - 2024
6.6.8.2. Qatar market estimates and forecast of form, by application, 2013 – 2024
6.6.8.3. Qatar market estimates and forecast by application, 2013 – 2024
Chapter 7. Company Profiles
7.1. Kureha Corporation
7.1.1. Business overview
7.1.2. Financial data
7.1.3. Product landscape
7.1.4. SWOT analysis
7.1.5. Strategic outlook
7.2. Huizhou Foryou Medical Devices Co., Ltd
7.2.1. Business overview
7.2.2. Financial data
7.2.3. Product landscape
7.2.4. SWOT analysis
7.2.5. Strategic outlook
7.3. Corbion N.V.
7.3.1. Business overview
7.3.2. Financial data
7.3.3. Product landscape
7.3.4. SWOT analysis
7.3.5. Strategic outlook
7.4. Teleflex Inc.
7.4.1. Business overview
7.4.2. Financial data
7.4.3. Product landscape
7.4.4. SWOT analysis
7.4.5. Strategic outlook
7.5. Shenzhen Polymtek Biomaterial Co., Ltd.
7.5.1. Business overview
7.5.2. Financial data
7.5.3. Product landscape
7.5.4. SWOT analysis
7.5.5. Strategic outlook
7.6. BMG Incorporated
7.6.1. Business overview
7.6.2. Financial data
7.6.3. Product landscape
7.6.4. SWOT analysis
7.6.5. Strategic outlook

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