Global Polyglycolic Acid (PGA) Market Report By Application (Medical, Packaging, Shale Gas Extraction) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2019-2026
ID:VMR11210003
January 2020
Report Formats:

Wide application areas within oil & gas especially in shale gas extraction, biomedical & packaging industry is fueling the demand for polyglycolic acid. Growing demand for PGA for clinical use owing to high strength, better handling, and minimum interface in wound healing is driving the growth. Also, increasing demand for advanced surgical equipment & tools within the medical industry is again expected to boost the PGA market growth. Further, the shift in consumer preference towards biodegradable plastics within the packaging industry will upsurge the demand for PGA market.

As per the latest report added by Value Market Research, the Global Polyglycolic Acid was valued at USD 240.9 MN in 2017 and is projected to reach USD 469.5 MN by 2024, with a CAGR of 9.9%.

SHALE GAS EXTRACTION LED THE APPLICATION SEGMENT
By application, shale gas extraction dominated the segment owing to the ability of PGA to reduce a viscosity of the fluid, improves productivity, & efficiency & better degradability is driving the segment growth. Shale gas extraction segment is anticipated to reach up to USD XX.X MN by the end of the year 2024.
 
BY REGION, NORTH AMERICA DOMINATED THE MARKET
North America led the regional segment owing to major producer and consumer of shale gas along with rising demand for packaged food products is key driver for the market growth. By end of the year 2024, North American PGA market is expected to reach USD XX.X MN. Also, the growth can be attributed to the favorable government norms on the usage of biodegradable plastics are the factors boosting the PGA market.
 
KEY PLAYERS OF THE PGA MARKET
Polyglycolic acid market is moderately competitive due to the presence of key manufacturers such as DuPont, Huizhou Foryou Medical Devices Co., Ltd., Kureha PGA, LLC and Teleflex, Inc

As per this study, the Global Polyglycolic Acid (PGA) Market was valued USD XXX.X MN (by revenue) in 2019 and is anticipated to reach USD XXX.X MN by 2026 with a CAGR of X.X%. By volume, the market was estimated at XX.X KT in 2019 and is expected to reach XX.X Tons by 2026 with a CAGR of X.X%.
 
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.
 
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of polyglycolic acid (PGA).
 
Market Segmentation
 
The broad polyglycolic acid (PGA) market has been sub-grouped into the application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
 
By Application Market Share 2017
 
Polyglycolic Acid Market By Application
 
By Application

  • Medical
  • Packaging
  • Shale Gas Extraction
  • Others
 
Regional Analysis
 
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for polyglycolic acid (PGA) in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
 
Europe Polyglycolic Acid (PGA) Market By Revenue (USD MN)
 
Europe Polyglycolic Acid Market By Revenue
 
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the polyglycolic acid (PGA) market includes DuPont, Huizhou Foryou Medical Devices Co., Ltd., Kureha PGA, LLC, and Teleflex, Inc. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
 
METHODOLOGY:
 
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand. 

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 Polyglycolic Acid (Pga) Market
       2.2. Global Polyglycolic Acid (Pga) Market Snapshot
 
3 . POLYGLYCOLIC ACID (PGA) – INDUSTRY ANALYSIS
       3.1. Introduction
       3.2. Market Drivers of Polyglycolic Acid (Pga) Market
       3.3. Market Restraints of Polyglycolic Acid (Pga) Market
       3.4. Opportunities of Polyglycolic Acid (Pga) Market
       3.5. Trends of Polyglycolic Acid (Pga) Market
       3.6. Porter’s Five Force Analysis of Polyglycolic Acid (Pga) Market
       3.7. Polyglycolic Acid (Pga) Market Attractiveness Analysis
           3.7.1 Market Attractive Analysis by Application
           3.7.2 Market Attractive Analysis by Region
 
4 . VALUE CHAIN ANALYSIS
       4.1. Polyglycolic Acid (Pga) Value Chain Analysis
       4.2. Polyglycolic Acid (Pga) Raw Material Analysis
           4.2.1. List of Raw Materials
           4.2.2. Polyglycolic Acid (Pga) Raw Material Manufactures List
           4.2.3. Price Trend of Polyglycolic Acid (Pga) 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 APPLICATION
       5.1 Overview by Application
       5.2 Global Polyglycolic Acid (Pga) Market Analysis by Application
       5.3 Market Analysis of Medical by Regions
       5.4 Market Analysis of Packaging by Regions
       5.5 Market Analysis of Shale Gas Extraction by Regions
       5.6 Market Analysis of Others by Regions
 
6 . GLOBAL POLYGLYCOLIC ACID (PGA) MARKET ANALYSIS BY GEOGRAPHY
       6.1. Regional Outlook
       6.2. Introduction
       6.3. North America
           6.3.1. Overview
           6.3.2. North America Polyglycolic Acid (Pga) Market Estimate by Market Segment
           6.3.3. North America Polyglycolic Acid (Pga) Market Estimate by Country
           6.3.4. United State
           6.3.5. Rest of North America
       6.4. Europe
           6.4.1. Overview
           6.4.2. Europe Polyglycolic Acid (Pga) Market Estimate by Market Segment
           6.4.3. Europe Polyglycolic Acid (Pga) Market Estimate by Country
           6.4.4. United Kingdom
           6.4.5. France
           6.4.6. Germany
           6.4.6 Rest of Europe
       6.5. Asia Pacific
           6.5.1. Overview
           6.5.2. Asia Pacific Polyglycolic Acid (Pga) Market Estimate by Market Segment
           6.5.3. Asia Pacific Polyglycolic Acid (Pga) Market Estimate by Country
           6.5.4. China
           6.5.5. Japan
           6.5.6. India
           6.5.6. Rest of Asia Pacific
       6.6. Latin America
           6.6.1. Overview
           6.6.2. Latin America Polyglycolic Acid (Pga) Market Estimate by Market Segment
           6.6.3. Latin America Polyglycolic Acid (Pga) Market Estimate by Country
           6.6.4. Brazil
           6.6.5. Rest of Latin America
       6.7. Middle East & Africa
           6.7.1. Overview
           6.7.2. Middle East & Africa Polyglycolic Acid (Pga) Market Estimate by Market Segment
           6.7.3. Middle East & Africa Polyglycolic Acid (Pga) Market Estimate by Country
           6.7.4. Middle East
           6.7.5. Africa
 
7 . COMPETITIVE LANDSCAPE OF THE POLYGLYCOLIC ACID (PGA) COMPANIES
       7.1. Polyglycolic Acid (Pga) Market Competition
       7.2. Partnership/Collaboration/Agreement
       7.3. Merger And Acquisitions
       7.4. New Product Launch
       7.5. Other Developments
 
8 . COMPANY PROFILES OF POLYGLYCOLIC ACID (PGA) INDUSTRY
       8.1. Company Share Analysis
       8.2. Market Concentration Rate
       8.3. DuPont
           8.3.1. Company Overview
           8.3.2. Financials
           8.3.3. Products
           8.3.4. Recent Developments
       8.4. Huizhou Foryou Medical Devices Co., Ltd.
           8.4.1. Company Overview
           8.4.2. Financials
           8.4.3. Products
           8.4.4. Recent Developments
       8.5. Kureha PGA, LLC
           8.5.1. Company Overview
           8.5.2. Financials
           8.5.3. Products
           8.5.4. Recent Developments
       8.6. Teleflex, Inc.
           8.6.1. Company Overview
           8.6.2. Financials
           8.6.3. Products
           8.6.4. Recent Developments
 
9.  IMPACT ANALYSIS OF COVID-19 OUTBREAK
       9.1. Impact Analysis of Covid-19 Outbreak on the Market
           9.1.1. Direct Impact on Production
           9.1.2. Supply Chain and Market Disruption
           9.1.3. Financial Impact on Firms and Financial Markets
       9.2. COVID-19 Impact Analysis by Production, Import, Export and Demand
       9.3. Pre V/S Post COVID-19 Market
       9.4. Estimated Impact of the Coronavirus (COVID-19) Epidemic on the Market Size in 2020, by Scenario
       9.5. COVID-19: Micro and Macro Factor Analysis on the Market
    
 *Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies
 
LIST OF TABLES

  •  Global Market Snapshot
  •  Drivers of the Global Market Impact Analysis
  •  Restraints of the Global Market Impact Analysis
  •  List of Raw Material
  •  List of Raw Material Manufactures
  •  List of Potential Buyers 
  •  COVID-19 Impact Analysis by Production, Import, Export and Demand
  •  Pre V/S Post COVID-19 Market
  •  Estimated Impact Of The Coronavirus (Covid-19) Epidemic On The Market Size In 2020, By Scenario
  •  COVID-19: Micro and Macro Factor Analysis on the Market
  •  Global Polyglycolic Acid (Pga) Market Analysis by Application (Kilo Tons)
  •  Global Polyglycolic Acid (Pga) Market Analysis by Application (USD MN)
  •  Global Polyglycolic Acid (Pga) Market Analysis in Medical by Geography (Kilo Tons)
  •  Global Polyglycolic Acid (Pga) Market Analysis in Medical by Geography (USD MN)
  •  Global Polyglycolic Acid (Pga) Market Analysis in Packaging by Geography (Kilo Tons)
  •  Global Polyglycolic Acid (Pga) Market Analysis in Packaging by Geography (USD MN)
  •  Global Polyglycolic Acid (Pga) Market Analysis in Shale Gas Extraction by Geography (Kilo Tons)
  •  Global Polyglycolic Acid (Pga) Market Analysis in Shale Gas Extraction by Geography (USD MN)
  •  Global Polyglycolic Acid (Pga) Market Analysis in Others by Geography (Kilo Tons)
  •  Global Polyglycolic Acid (Pga) Market Analysis in Others by Geography (USD MN)
  •  Global Polyglycolic Acid (Pga) Market by Geography (Kilo Tons)
  •  Global Polyglycolic Acid (Pga) Market by Geography (USD MN)
  •  North America Polyglycolic Acid (Pga) Market Analysis by Application (Kilo Tons)
  •  North America Polyglycolic Acid (Pga) Market Analysis by Application (USD MN)
  •  North America Polyglycolic Acid (Pga) Market Estimate by Country (Kilo Tons)
  •  North America Polyglycolic Acid (Pga) Market Estimate by Country (USD MN)
  •  United State Polyglycolic Acid (Pga) Market Analysis by Application (Kilo Tons)
  •  United State Polyglycolic Acid (Pga) Market Analysis by Application (USD MN)
  •  Rest of North America Polyglycolic Acid (Pga) Market Analysis by Application (Kilo Tons)
  •  Rest of North America Polyglycolic Acid (Pga) Market Analysis by Application (USD MN)
  •  Europe Polyglycolic Acid (Pga) Market Analysis by Application (Kilo Tons)
  •  Europe Polyglycolic Acid (Pga) Market Analysis by Application (USD MN)
  •  Europe Polyglycolic Acid (Pga) Market Estimate by Country (Kilo Tons)
  •  Europe Polyglycolic Acid (Pga) Market Estimate by Country (USD MN)
  •  United Kingdom Polyglycolic Acid (Pga) Market Analysis by Application (Kilo Tons)
  •  United Kingdom Polyglycolic Acid (Pga) Market Analysis by Application (USD MN)
  •  France Polyglycolic Acid (Pga) Market Analysis by Application (Kilo Tons)
  •  France Polyglycolic Acid (Pga) Market Analysis by Application (USD MN)
  •  Germany Polyglycolic Acid (Pga) Market Analysis by Application (Kilo Tons)
  •  Germany Polyglycolic Acid (Pga) Market Analysis by Application (USD MN)
  •  Rest of Europe Polyglycolic Acid (Pga) Market Analysis by Application (Kilo Tons)
  •  Rest of Europe Polyglycolic Acid (Pga) Market Analysis by Application (USD MN)
  •  Asia Pacific Polyglycolic Acid (Pga) Market Analysis by Application (Kilo Tons)
  •  Asia Pacific Polyglycolic Acid (Pga) Market Analysis by Application (USD MN)
  •  Asia Pacific Polyglycolic Acid (Pga) Market Estimate by Country (Kilo Tons)
  •  Asia Pacific Polyglycolic Acid (Pga) Market Estimate by Country (USD MN)
  •  China Polyglycolic Acid (Pga) Market Analysis by Application (Kilo Tons)
  •  China Polyglycolic Acid (Pga) Market Analysis by Application (USD MN)
  •  Japan Polyglycolic Acid (Pga) Market Analysis by Application (Kilo Tons)
  •  Japan Polyglycolic Acid (Pga) Market Analysis by Application (USD MN)
  •  India Polyglycolic Acid (Pga) Market Analysis by Application (Kilo Tons)
  •  India Polyglycolic Acid (Pga) Market Analysis by Application (USD MN)
  •  Rest of Asia Pacific Polyglycolic Acid (Pga) Market Analysis by Application (Kilo Tons)
  •  Rest of Asia Pacific Polyglycolic Acid (Pga) Market Analysis by Application (USD MN)
  •  Latin America Polyglycolic Acid (Pga) Market Analysis by Application (Kilo Tons)
  •  Latin America Polyglycolic Acid (Pga) Market Analysis by Application (USD MN)
  •  Latin America Polyglycolic Acid (Pga) Market Estimate by Country (Kilo Tons)
  •  Latin America Polyglycolic Acid (Pga) Market Estimate by Country (USD MN)
  •  Brazil Polyglycolic Acid (Pga) Market Analysis by Application (Kilo Tons)
  •  Brazil Polyglycolic Acid (Pga) Market Analysis by Application (USD MN)
  •  Rest of Latin America Polyglycolic Acid (Pga) Market Analysis by Application (Kilo Tons)
  •  Rest of Latin America Polyglycolic Acid (Pga) Market Analysis by Application (USD MN)
  •  Middle East & Africa Polyglycolic Acid (Pga) Market Analysis by Application (Kilo Tons)
  •  Middle East & Africa Polyglycolic Acid (Pga) Market Analysis by Application (USD MN)
  •  Middle East & Africa Polyglycolic Acid (Pga) Market Estimate by Country (Kilo Tons)
  •  Middle East & Africa Polyglycolic Acid (Pga) Market Estimate by Country (USD MN)
  •  Middle East Polyglycolic Acid (Pga) Market Analysis by Application (Kilo Tons)
  •  Middle East Polyglycolic Acid (Pga) Market Analysis by Application (USD MN)
  •  Africa Polyglycolic Acid (Pga) Market Analysis by Application (Kilo Tons)
  •  Africa Polyglycolic Acid (Pga) Market Analysis by Application (USD MN)
  •  Partnership/Collaboration/Agreement
  •  Mergers And Acquisiton
 
 LIST OF FIGURES
 
  •  Research Scope of Polyglycolic Acid (Pga) Report
  •  Market Research Process
  •  Market Research Methodology
  •  Global Polyglycolic Acid (Pga) Market Size, by Region (2019)
  •  Porters Five Forces Analysis
  •  Market Attractiveness Analysis by Application
  •  Market Attractiveness Analysis by Region
  •  Value Chain Analysis
  •  Global Polyglycolic Acid (Pga) Market Analysis by Application
  •  Global Polyglycolic Acid (Pga) Market Analysis in Medical by Region
  •  Global Polyglycolic Acid (Pga) Market Analysis in Packaging by Region
  •  Global Polyglycolic Acid (Pga) Market Analysis in Shale Gas Extraction by Region
  •  Global Polyglycolic Acid (Pga) Market Analysis in Others by Region
  •  Global Polyglycolic Acid (Pga) Market by Volume And Revenue
  •  North America Polyglycolic Acid (Pga) Market by Volume And Revenue
  •  Europe Polyglycolic Acid (Pga) Market by Volume And Revenue
  •  Asia Pacific Polyglycolic Acid (Pga) Market by Volume And Revenue
  •  Latin America Polyglycolic Acid (Pga) Market by Volume And Revenue
  •  Middle East & Africa Polyglycolic Acid (Pga) Market by Volume And Revenue
  •  Recent Development in Polyglycolic Acid (Pga) Industry
  •  Company Market Share Analysis, 2019
 
* Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.

Objectives of Study

  • Define and measure the global market
  • Volume or revenue forecast of the global market and its various sub-segments with respect to main geographies
  • Analyze and identify major market trends along with the factors driving or inhibiting the market growth
  • Study the company profiles of the major market players with their market share
  • Analyze competitive developments

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