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Polyglycolic Acid (pga) Market

Polyglycolic Acid (PGA) Market Size, Share, Competitive Landscape and Trend Analysis Report by Type, by Form, by Process, by Application and by End User : Global Opportunity Analysis and Industry Forecast, 2023-2032

MC : Advanced Materials

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Author's: | Eswara Prasad
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Polyglycolic acid (PGA) is a synthetic and absorbablesuture material derived from homopolymer of glycolic acid.Polyglycolic acid (PGA) is produced through ring-opening polymerization of glycolide and polycondensation of glycolic acid. PGA is a thermoplastic offering excellent resistance from UV and moisture. It is widely used in shale gas extraction, and biomedical & packaging industry.

The global polyglycolic acid (PGA) market is rapidly growing due to rise in demand for surgical sutures in the medical industry.In addition, PGA mesh fabric is widely used for healing injured tissues during surgeries. Further, application of polyglycolic acid in textile industry with high UV resistance property is expected to positively influence the market size. Newly developed polyglycolicacid products with bio-degradable properties are projected to create opportunities targeting new market segments. However, high maintenance cost and high degradation rate hinder the polyglycolic acid market growth during the forecast period.

The polyglycolic acid (PGA) market is segmented by type, form,process, application,enduser, and region. By form, the market is segregated in fibers, films, and others. Fiber form of global polyglycolic acid (PGA) market is a major contributor in the medical industry.By process, the market is divided into direct polycondensation of lactic and glycolic acids, ring-opening polymerization of the cyclic lactide, and glycolide dimers. By application, market is segmented as drug delivery, tissue engineering, regeneration of phrenic nerve, and others. By end user, it is classified into medical, oil &gas, packaging, textiles, and others. By region, market is analyzed acrossNorth America, Europe, Asia-Pacific, and LAMEA (Latin America, Middle East, and Africa).

Some of the key players operating in the global polyglycolic acid (PGA) market include Kureha Corporation, Corbion, Shenzhen Polymtek Biomaterial Co. Ltd., BMG Incorporated, HuizhoForyou Medical Devices Co. Ltd., Teleflex, EI du Pont de Nemours, Foster Corporation, Samyang Biopharmaceuticals, and Meta Biomed Co. Ltd.

Key Benefits for Stakeholders:

  • The global polyglycolic acid (PGA) market size has been analyzed across four major regions.

  • Porter’s five force analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of global polyglycolic acid (PGA) for strategy building.

  • The report outlines the current market trends and future scenario of the market size to understand the prevailing opportunities and potential investment pockets.

  • Major countries in each region have been mapped according to their individual revenue contribution to the regional market.

  • The key drivers, restraints, opportunities and market trends along with their detailed impact analysis are elucidated in the study.

  • The global polyglycolic acid (PGA) market analysis covers in-depth information of the major industry participants

Questions answered in theglobal polyglycolic acid (PGA) market research report:

  • What is the growth rate of the market during the forecast period?

  • What will be the global polyglycolic acid (PGA) market size ?

  • Who are the leading manufacturing companies in themarket?

  • How the major current trends will shape the market in the future?

  • What are the driving factors and opportunities in the market?

  • Which will be the niches at which players profiling with thorough plans, financials, and recent advancements should set a presence?

Polyglycolic Acid (PGA) Market Report Highlights

Aspects Details
By Type
  • Coated
  • Uncoated
By Form
  • Fibers
  • Films
  • Others
By Process
  • Direct polycondensation of lactic and glycolic acids
  • Ring-opening polymerization of the cyclic lactide
  • Glycolide dimers
By Application
  • Drug delivery
  • Tissue engineering
  • Regeneration of phrenic nerve
  • Others
By End User
  • Medical
  • Oil & Gas
  • Packaging
  • Textile
  • Others
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (France, Germany, Italy, Spain, UK, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific)
  • LAMEA  (Brazil, South Africa, Saudi Arabia, Rest of LAMEA)
Key Market Players

HuizhoForyou Medical Devices Co. Ltd., Kureha Corporation, Corbion, EI du Pont de Nemours, Meta Biomed Co. Ltd., Samyang Biopharmaceuticals, BMG Incorporated, Teleflex, Shenzhen Polymtek Biomaterial Co. Ltd., Foster Corporation

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Polyglycolic Acid (PGA) Market

Global Opportunity Analysis and Industry Forecast, 2023-2032