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Polyglycolic Acid Market

Polyglycolic Acid Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023

Global Polyglycolic Acid Market: Snapshot

Customarily, polyglycolic acid is used in the production of absorbable sutures, attributable to its high elasticity. In any case, these days, it is seeing an across the board application in shale gas extraction, which is probably going to introduce lucrative scope for the market players in the forthcoming years. Polyglycolic acid producers are additionally anticipated to see enormous development opportunity in the years to come because of the developing inclination of customers for food products with plastic bundling.

The global market for polyglycolic acid is estimated to expand at a CAGR of 10.10% within the forecast period from 2015 to 2023. The market was evaluated to be of worth US181.7 mn back in 2014, and is likely to reach around US$424.5 mn by the end of 2023.

Increased Use of Absorbable Sutures to Bolster Market Demand

The demand for polyglycolic acid has gotten a solid push from the developing utilization of absorbable sutures in the course of the most recent couple of years. Prior to its boundless application in shale gas extraction, and packaging, polyglycolic acid was for the most part used in the development of absorbable sutures. As these sutures disintegrate in the body as the injury mends, they needn't bother with reviving of the body parts for their evacuation. This factor has expanded the use of these sutures in the treatment of interior injuries, prompting a critical flood popular for polyglycolic acid.

On the other side, the high expenses of polyglycolic acid is probably going to constrain its application extensively throughout the years to come. Being an expensive material, it is confronting serious trouble in its expansive scale commercialization, which is making an obstruction in its use crosswise over different application zones. Aside from this, the absence of awareness among individuals with respect to the utilization of polyglycolic acid is additionally anticipated to hamper its demand in future.

Geographically, Europe, Asia Pacific, North America, Latin America, and the Middle East and Africa are the key territorial markets for polyglycolic acid. In 2014, North America rose as the market leader with a share of over 70%. The commercial sale of shale gas has expanded the utilization of polyglycolic acid in the region, which is probably going to improve the development over the coming years. The revenue created by polyglycolic acid in this region is evaluated to expand at a CAGR of around 10.4% in the forecast period.

Mergers and Acquisition to Be a Main Strategy Followed by Major Firms

With Kureha PGA LLC holding a market share of almost 84%, the global market for polyglycolic acid exhibited an exceptionally focused and monopolistic competitive scene few years back. Throughout the following couple of years, no noteworthy change is was witnessed in the present course of action, inferable from which the opposition in the market is foreseen to stay low.

Kureha Corp., which is the main business scale maker of polyglycolic acid used in non-restorative applications, is probably going to remain the key investor of this market in the upcoming years. Nevertheless, different players, for example, EI Du Pont De Nemours and Co., Teleflex Inc., and Huizhou Foryou Medical Devices Co. Ltd. may pick up speed in biomedical and medical applications.


    Chapter 1 Preface
    1.1 Research Description
    1.2 Market Segmentation
          1.2.1 Global Polyglycolic Acid Market Segmentation, by Application and Region
    1.3 Research Scope
          1.3.1 Assumptions
    1.4 Research Methodology
          1.4.1 Abbreviations

    Chapter 2 Executive Summary
    2.1 Global Polyglycolic Acid Market, 2014–2023 (Kilo Tons) (US$ Mn)

    Chapter 3 Polyglycolic Acid Market - Industry Analysis
    3.1 Introduction
    3.2 Value Chain Analysis
    3.3 Market Drivers
          3.3.1 Growing Market for Absorbable Sutures Drives Market for PGA
    3.3.1.1 Global Absorbable Sutures Market Revenue, 2014–2023 (USD Mn)
    3.4 Restraints
          3.4.1 High Price of PGA Coupled with Lack of Customer Awareness Restrains the Market
    3.5 Opportunity
          3.5.1 Shifting Preference Toward Plastic Packaging of Beverages Presents Lucrative Growth Opportunity for Polyglycolic Acid Market
          3.5.2 Shale Gas and Oil Extraction is Expected to Provide Impetus to the PGA Market in the Medium Term
    3.6 Porter’s Five Forces Analysis
          3.6.1 Bargaining Power of Suppliers
          3.6.2 Bargaining Power of Buyers
          3.6.3 Threat of New Entrants
          3.6.4 Threat of Substitutes
          3.6.5 Degree of Competition
    3.7 Global Polyglycolic Acid Market - Attractiveness Analysis
          3.7.1 Global Polyglycolic Acid Market - Attractiveness Analysis, 2014
    3.8 Global Polyglycolic Acid Market - Company Market Share Analysis
          3.8.1 Global Polyglycolic Acid Market: Company Market Share Analysis, 2014 (%)

    Chapter 4 Polyglycolic Acid Market – Raw Material & Price Analysis
    4.1 Raw Material Analysis: Manufacturing Process
    4.2 Raw Material Price Trends

    Chapter 5 Polyglycolic Acid Market – Application Analysis
    5.1 Polyglycolic Acid Market: Application Overview
          5.1.1 Global Polyglycolic Acid Market Volume Share, by Application, 2014 and 2023
    5.2 Medical Applications
          5.2.1 Global Demand for Polyglycolic Acid in Medical Applications, 2014–2023 (Tons) (US$ Mn)
    5.3 Packaging
          5.3.1 Global Demand for Polyglycolic Acid in Packaging, 2014–2023 (Tons) (US$ Mn)
    5.4 Shale Gas Extraction
          5.4.1 Global Demand for Polyglycolic Acid in Shale Gas Extraction, 2014–2023 (Tons) (US$ Mn)
    5.5 Others
          5.5.1 Global Demand for Polyglycolic Acid in Other Applications, 2014–2023 (Tons) (US$ Mn)

    Chapter 6 Polyglycolic Acid Market - Regional Analysis
    6.1 Global Polyglycolic Acid Market: Regional Overview
          6.1.1 Global Polyglycolic Acid Market Volume Share, by Region, 2014 and 2023
    6.2 North America
          6.2.1 North America Polyglycolic Acid Market Volume, by Application, 2014–2023 (Tons)
          6.2.2 North America Polyglycolic Acid Market Revenue, by Application, 2014–2023 (US$ Mn)
          6.2.3 U.S.
                  6.2.3.1 U.S. Polyglycolic Acid Market Volume, by Application, 2014–2023 (Tons)
                  6.2.3.2 U.S. Polyglycolic Acid Market Revenue, by Application, 2014–2023 (US$ Mn)
          6.2.4 Rest of North America
                  6.2.4.1 Rest of North America Polyglycolic Acid Market Volume, by Application, 2014–2023 (Tons)
                  6.2.4.2 Rest of North America Polyglycolic Acid Market Revenue, by Application, 2014–2023 (US$ Mn)
    6.3 Europe
          6.3.1 Europe Polyglycolic Acid Market Volume, by Application, 2014–2023 (Tons)
          6.3.2 Europe Polyglycolic Acid Market Revenue, by Application, 2014–2023 (US$ Mn)
          6.3.3 Germany
                  6.3.3.1 Germany Polyglycolic Acid Market Volume, by Application, 2014–2023 (Kilo Grams)
                  6.3.3.2 Germany Polyglycolic Acid Market Revenue, by Application, 2014–2023 (US$ Thousand)
          6.3.4 U.K.
                  6.3.4.1 U.K. Polyglycolic Acid Market Volume, by Application, 2014–2023 (Kilo Grams)
                  6.3.4.2 U.K. Polyglycolic Acid Market Revenue, by Application, 2014–2023 (US$ Thousand)
          6.3.5 France
                  6.3.5.1 France Polyglycolic Acid Market Volume, by Application, 2014–2023 (Kilo Grams)
                  6.3.5.2 France Polyglycolic Acid Market Revenue, by Application, 2014–2023 (US$ Thousand)
          6.3.6 Spain
                  6.3.6.1 Spain Polyglycolic Acid Market, Volume by Application, 2014–2023 (Kilo Grams)
                  6.3.6.2 Spain Polyglycolic Acid Market Revenue, by Application, 2014–2023 (US$ Thousand)
          6.3.7 Italy
                  6.3.7.1 Italy Polyglycolic Acid Market Volume, by Application, 2014–2023 (Kilo Grams)
                  6.3.7.2 Italy Polyglycolic Acid Market Revenue, by Application, 2014–2023 (US$ Thousand)
          6.3.8 Rest of Europe
                  6.3.8.1 Rest of Europe Polyglycolic Acid Market Volume, by Application, 2014–2023 (Kilo Grams)
                  6.3.8.2 Rest of Europe Polyglycolic Acid Market Revenue, by Application, 2014–2023 (US$ Thousand)
    6.4 Asia Pacific
          6.4.1 Asia Pacific Polyglycolic Acid Market Volume, by Application, 2014–2023 (Kilo Grams)
          6.4.2 Asia Pacific Polyglycolic Acid Market Revenue, by Application, 2014–2023 (US$ Thousand)
          6.4.3 China
                  6.4.3.1 China Polyglycolic Acid Market Volume, by Application, 2014–2023 (Kilo Grams)
                  6.4.3.2 China Polyglycolic Acid Market Revenue, by Application, 2014–2023 (US$ Thousand)
          6.4.4 Japan
                  6.4.4.1 Japan Polyglycolic Acid Market Volume, by Application, 2014–2023 (Kilo Grams)
                  6.4.4.2 Japan Polyglycolic Acid Market Revenue, by Application, 2014–2023 (US$ Thousand)
          6.4.5 ASEAN
                  6.4.5.1 ASEAN Polyglycolic Acid Market Volume, by Application, 2014–2023 (Kilo Grams)
                  6.4.5.2 ASEAN Polyglycolic Acid Market Revenue, by Application, 2014–2023 (US$ Thousand)
          6.4.6 Rest of Asia Pacific
                  6.4.6.1 Rest of Asia Pacific Polyglycolic Acid Market Volume, by Application, 2014–2023 (Kilo Grams)
                  6.4.6.2 Rest of Asia Pacific Polyglycolic Acid Market Revenue, by Application, 2014–2023 (US$ Thousand)
    6.5 MEA
          6.5.1 MEA Polyglycolic Acid Market Volume, by Application, 2014–2023 (Kilo Grams)
          6.5.2 MEA Polyglycolic Acid Market Revenue, by Application, 2014–2023 (US$ Thousand)
          6.5.3 GCC
                  6.5.3.1 GCC Polyglycolic Acid Market Volume, by Application, 2014–2023 (Kilo Grams)
          6.5.3.2 GCC Polyglycolic Acid Market Revenue, by Application, 2014–2023 (US$ Thousand)
          6.5.4 South Africa
                  6.5.4.1 South Africa Polyglycolic Acid Market Volume, by Application, 2014–2023 (Kilo Grams)
                  6.5.4.2 South Africa Polyglycolic Acid Market Revenue, by Application, 2014–2023 (US$ Thousand)
          6.5.5 Rest of MEA
                  6.5.5.1 Rest of MEA Polyglycolic Acid Market Volume, by Application, 2014–2023 (Kilo Grams)
                  6.5.5.2 Rest of MEA Polyglycolic Acid Market Revenue, by Application, 2014–2023 (US$ Thousand)
    6.6 Latin America
          6.6.1 Latin America Polyglycolic Acid Market Volume, by Application, 2014–2023 (Kilo Grams)
          6.6.2 Latin America Polyglycolic Acid Market Revenue, by Application, 2014–2023 (US$ Thousand)
          6.6.3 Brazil
                  6.6.3.1 Brazil Polyglycolic Acid Market Volume, by Application, 2014–2023 (Kilo Grams)
                  6.6.3.2 Brazil Polyglycolic Acid Market Revenue, by Application, 2014–2023 (US$ Thousand)
          6.6.4 Rest of Latin America
                  6.6.4.1 Rest of Latin America Polyglycolic Acid Market Volume, by Application, 2014–2023 (Kilo Grams)
                  6.6.4.2 Rest of Latin America Polyglycolic Acid Market Revenue, by Application, 2014–2023 (US$ Thousand)

    Chapter 7 Company Profiles
    7.1 Kureha PGA LLC
    7.2 Huizhou Foryou Medical Devices Co., Ltd.
    7.3 EI Du Pont De Nemours & Co.
    7.4 Teleflex, Inc.

    Chapter 8 Primary Findings

    List of Tables 

    TABLE 1 Global Polyglycolic Acid Market, Snapshot
    TABLE 2 Drivers for Polyglycolic Acid Market - Impact Analysis
    TABLE 3 Restraints for the Polyglycolic Acid Market - Impact Analysis
    TABLE 4 Global Glycolic Price Trend
    TABLE 5 Global Formaldehyde Price Trend
    TABLE 6 North America Polyglycolic Acid Market Volume, by Application, 2014–2023 (Tons)
    TABLE 7 North America Polyglycolic Acid Market Revenue, by Application, 2014–2023 (US$ Mn)
    TABLE 8 U.S. Polyglycolic Acid Market Volume, by Application, 2014–2023 (Tons)
    TABLE 9 U.S. Polyglycolic Acid Market Revenue, by Application, 2014–2023 (US$ Mn)
    TABLE 10 Rest of North America Polyglycolic Acid Market Volume, by Application, 2014–2023 (Tons)
    TABLE 11 Rest of North America Polyglycolic Acid Market Revenue, by Application, 2014–2023 (US$ Mn)
    TABLE 12 Europe Polyglycolic Acid Market Volume, by Application, 2014–2023 (Tons)
    TABLE 13 Europe Polyglycolic Acid Market Revenue, by Application, 2014–2023 (US$ Mn)
    TABLE 14 Germany Polyglycolic Acid Market Volume, by Application, 2014–2023 (Kilo Grams)
    TABLE 15 Germany Polyglycolic Acid Market Revenue, by Application, 2014–2023 (US$ Thousand)
    TABLE 16 U.K. Polyglycolic Acid Market Volume, by Application, 2014–2023 (Kilo Grams)
    TABLE 17 U.K. Polyglycolic Acid Market Revenue, by Application, 2014–2023 (US$ Thousand)
    TABLE 18 France Polyglycolic Acid Market Volume, by Application, 2014–2023 (Kilo Grams)
    TABLE 19 France Polyglycolic Acid Market Revenue, by Application, 2014–2023 (US$ Thousand)
    TABLE 20 Spain Polyglycolic Acid Market Volume, by Application, 2014–2023 (Kilo Grams)
    TABLE 21 Spain Polyglycolic Acid Market Revenue, by Application, 2014–2023 (US$ Thousand)
    TABLE 22 Italy Polyglycolic Acid Market Volume, by Application, 2014–2023 (Kilo Grams)
    TABLE 23 Italy Polyglycolic Acid Market Revenue, by Application, 2014–2023 (US$ Thousand)
    TABLE 24 Rest of Europe Polyglycolic Acid Market Volume, by Application, 2014–2023 (Kilo Grams)
    TABLE 25 Rest of Europe Polyglycolic Acid Market Revenue, by Application, 2014–2023 (US$ Thousand)
    TABLE 26 Asia Pacific Polyglycolic Acid Market Volume, by Application, 2014–2023 (Kilo Grams)
    TABLE 27 Asia Pacific Polyglycolic Acid Market Revenue, by Application, 2014–2023 (US$ Thousand)
    TABLE 28 China Polyglycolic Acid Market Volume, by Application, 2014–2023 (Kilo Grams)
    TABLE 29 China Polyglycolic Acid Market Revenue, by Application, 2014–2023 (US$ Thousand)
    TABLE 30 Japan Polyglycolic Acid Market Volume, by Application, 2014–2023 (Kilo Grams)
    TABLE 31 Japan Polyglycolic Acid Market Revenue, by Application, 2014–2023 (US$ Thousand)
    TABLE 32 ASEAN Polyglycolic Acid Market Volume, by Application, 2014–2023 (Kilo Grams)
    TABLE 33 ASEAN Polyglycolic Acid Market Revenue, by Application, 2014–2023 (US$ Thousand)
    TABLE 34 Rest of Asia Pacific Polyglycolic Acid Market Volume, by Application, 2014–2023 (Kilo Grams)
    TABLE 35 Rest of Asia Pacific Polyglycolic Acid Market Revenue, by Application, 2014–2023 (US$ Thousand)
    TABLE 36 MEA Polyglycolic Acid Market Volume, by Application, 2014–2023 (Kilo Grams)
    TABLE 37 MEA Polyglycolic Acid Market Revenue, by Application, 2014–2023 (US$ Thousand)
    TABLE 38 GCC Polyglycolic Acid Market Volume, by Application, 2014–2023 (Kilo Grams)
    TABLE 39 GCC Polyglycolic Acid Market Revenue, by Application, 2014–2023 (US$ Thousand)
    TABLE 40 South Africa Polyglycolic Acid Market Volume, by Application, 2014–2023 (Kilo Grams)
    TABLE 41 South Africa Polyglycolic Acid Market Revenue, by Application, 2014–2023 (US$ Thousand)
    TABLE 42 Rest of MEA Polyglycolic Acid Market Volume, by Application, 2014–2023 (Kilo Grams)
    TABLE 43 Rest of MEA Polyglycolic Acid Market Revenue, by Application, 2014–2023 (US$ Thousand)
    TABLE 44 Latin America Polyglycolic Acid Market Volume, by Application, 2014–2023 (Kilo Grams)
    TABLE 45 Latin America Polyglycolic Acid Market Revenue, by Application, 2014–2023 (US$ Thousand)
    TABLE 46 Brazil Polyglycolic Acid Market Volume, by Application, 2014–2023 (Kilo Grams)
    TABLE 47 Brazil Polyglycolic Acid Market Revenue, by Application, 2014–2023 (US$ Thousand)
    TABLE 48 Rest of Latin America Polyglycolic Acid Market Volume, by Application, 2014–2023 (Kilo Grams)
    TABLE 49 Rest of Latin America Polyglycolic Acid Market Revenue, by Application, 2014–2023 (US$ Thousand)

    List of Figures 

    FIG. 1 Global Polyglycolic Acid Market Segmentation
    FIG. 2 Global Polyglycolic Acid Market, 2014–2023 (Kilo Tons) (US$ Mn)
    FIG. 3 Value Chain Analysis: Polyglycolic Acid Market
    FIG. 4 Global Absorbable Sutures Market Revenue, 2014–2023 (US$ Mn)
    FIG. 5 Global Demand for PET Beer Bottle, 2014–2023 (Billion Units)
    FIG. 6 Porter’s Five Forces Analysis
    FIG. 7 Global Polyglycolic Acid Market - Attractiveness Analysis
    FIG. 8 Global Polyglycolic Acid Market: Company Market Share Analysis, 2014 (%)
    FIG. 9 Global Polyglycolic Acid Market Volume Share, by Application, 2014 and 2023
    FIG. 10 Global Demand for Polyglycolic Acid in Medical Applications, 2014–2023 (Tons) (US$ Mn)
    FIG. 11 Global Demand for Polyglycolic Acid in Packaging, 2014–2023 (Tons) (US$ Mn)
    FIG. 12 Global Demand for Polyglycolic Acid in Shale Gas Extraction, 2014–2023 (Tons) (US$ Mn)
    FIG. 13 Global Demand for Polyglycolic Acid in Other Applications, 2014–2023 (Tons) (US$ Mn)
    FIG. 14 Global Polyglycolic Acid Market Volume Share, by Region, 2014 and 2023

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Polyglycolic Acid Market

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