Market Research Report

Global Polyglycolic Acid (PGA) Market Report By Application (Medical, Packaging, Shale Gas Extraction) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2021-2028

ID:VMR11210003
March 2022
Report Formats: Electronic (PDF), MS EXCEL

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 6.14 MN (by revenue) in 2021 and is anticipated to reach USD 1034.42 MN by 2028 with a CAGR of 7.5%. By volume, the market was estimated at XX KT in 2021 and is expected to reach XX KT by 2028 with a CAGR of XX%.
 
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
  • 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.

Global Polyglycolic Acid Market Share by Region (Representative Graph)

 Global Polyglycolic Acid Market Share by Region
 
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.
 
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Frequently Asked Questions (FAQs) about this Report

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 Application
           3.7.2 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 . IMPACT ANALYSIS OF COVID-19 OUTBREAK
       5.1. Impact Analysis of Covid-19 Outbreak
           5.1.1. Direct Impact on Production
           5.1.2. Supply Chain and Market Disruption
           5.1.3. Financial Impact on Firms and Financial Markets
       5.2. COVID-19 Impact Analysis by Production, Import, Export and Demand
       5.3. Market: Pre V/S Post COVID-19
       5.4. Estimated Impact of the Coronavirus (COVID-19) Epidemic 
       5.5. COVID-19: Micro and Macro Factor Analysis
 
6 . GLOBAL POLYGLYCOLIC ACID (PGA) MARKET ANALYSIS BY APPLICATION
       6.1 Overview by Application
       6.2 Historical and Forecast Data
       6.3 Analysis by Application
       6.4 Medical Historic and Forecast Sales by Regions
       6.5 Packaging Historic and Forecast Sales by Regions
       6.6 Shale Gas Extraction Historic and Forecast Sales by Regions
       6.7 Others 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 State 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. 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. Company Share Analysis
       9.2. Market Concentration Rate
       9.3. DuPont
           9.3.1. Company Overview
           9.3.2. Company Revenue
           9.3.3. Products
           9.3.4. Recent Developments
       9.4. Huizhou Foryou Medical Devices Co. Ltd.
           9.4.1. Company Overview
           9.4.2. Company Revenue
           9.4.3. Products
           9.4.4. Recent Developments
       9.5. Kureha PGA
           9.5.1. Company Overview
           9.5.2. Company Revenue
           9.5.3. Products
           9.5.4. Recent Developments
       9.6. LLC
           9.6.1. Company Overview
           9.6.2. Company Revenue
           9.6.3. Products
           9.6.4. Recent Developments
       9.7. Teleflex Inc
           9.7.1. Company Overview
           9.7.2. Company Revenue
           9.7.3. Products
           9.7.4. Recent Developments
 
 *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
 

  •  Market Snapshot
  •  Drivers : Impact Analysis
  •  Restraints : 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
  •  Estimated Impact Of The Coronavirus (Covid-19) Epidemic
  •  COVID-19: Micro and Macro Factor Analysis
  •  Analysis by Application (Kilo Tons and USD MN)
  •  Medical Market Sales by Geography (Kilo Tons and USD MN)
  •  Packaging Market Sales by Geography (Kilo Tons and USD MN)
  •  Shale Gas Extraction Market Sales by Geography (Kilo Tons and USD MN)
  •  Others Market Sales by Geography (Kilo Tons and USD MN)
  •  Global Polyglycolic Acid (Pga) Market Sales by Geography (Kilo Tons and USD MN)
  •  North America Market Analysis (Kilo Tons and USD MN)
  •  United State Market Analysis (Kilo Tons and USD MN)
  •  Canada Market Analysis (Kilo Tons and USD MN)
  •  Mexico Market Analysis (Kilo Tons and USD MN)
  •  Europe Market Analysis (Kilo Tons and USD MN)
  •  Europe Market Estimate by Country (Kilo Tons and USD MN)
  •  United Kingdom Market Analysis (Kilo Tons and USD MN)
  •  France Market Analysis (Kilo Tons and USD MN)
  •  Germany Market Analysis (Kilo Tons and USD MN)
  •  Italy Market Analysis (Kilo Tons and USD MN)
  •  Russia Market Analysis (Kilo Tons and USD MN)
  •  Spain Market Analysis (Kilo Tons and USD MN)
  •  Rest of Europe Market Analysis (Kilo Tons and USD MN)
  •  Asia Pacific Market Analysis (Kilo Tons and USD MN)
  •  China Market Analysis (Kilo Tons and USD MN)
  •  Japan Market Analysis (Kilo Tons and USD MN)
  •  India Market Analysis (Kilo Tons and USD MN)
  •  South Korea Market Analysis (Kilo Tons and USD MN)
  •  Australia Market Analysis (Kilo Tons and USD MN)
  •  Rest of Asia Pacific Market Analysis (Kilo Tons and USD MN)
  •  Latin America Market Analysis (Kilo Tons and USD MN)
  •  Brazil Market Analysis (Kilo Tons and USD MN)
  •  Argentina Market Analysis (Kilo Tons and USD MN)
  •  Peru Market Analysis (Kilo Tons and USD MN)
  •  Chile Market Analysis (Kilo Tons and USD MN)
  •  Rest of Latin America Market Analysis (Kilo Tons and USD MN)
  •  Middle East & Africa Market Analysis (Kilo Tons and USD MN)
  •  Saudi Arabia Market Analysis (Kilo Tons and USD MN)
  •  UAE Market Analysis (Kilo Tons and USD MN)
  •  Israel Market Analysis (Kilo Tons and USD MN)
  •  South Africa Market Analysis (Kilo Tons and USD MN)
  •  Rest of Middle East and Africa Market Analysis (Kilo Tons and 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 (Kilo Tons and USD MN)
  •  Porters Five Forces Analysis
  •  Market Attractiveness Analysis by Application
  •  Market Attractiveness Analysis by Region
  •  Value Chain Analysis
  •  Global Market Analysis by Application (Kilo Tons and USD MN)
  •  Medical Market Sales by Geography (Kilo Tons and USD MN)
  •  Packaging Market Sales by Geography (Kilo Tons and USD MN)
  •  Shale Gas Extraction Market Sales by Geography (Kilo Tons and USD MN)
  •  Others Market Sales by Geography (Kilo Tons and USD MN)
  •  Global Market Sales (Kilo Tons and USD MN)
  •  North America Market Sales (Kilo Tons and USD MN)
  •  Europe Market Sales (Kilo Tons and USD MN)
  •  Asia Pacific Market Sales (Kilo Tons and USD MN)
  •  Latin America Market Sales (Kilo Tons and USD MN)
  •  Middle East & Africa Market Sales (Kilo Tons and USD MN)
  •  Recent Development in Industry
  •  Top 10 Company Market Share Analysis
 
 * Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.

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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
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  • Analyze competitive developments

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