Published On : September 2018 Pages : 180 Category: Chemicals & Nanomaterials Report Code : CM091270
Industry Outlook and Trend Analysis
The Polyglycolic Acid Market is predicted to garner lucrative market share by 2027, while registering itself at a significant compound annual growth rate (CAGR) during the forecast period. The polyglycolic corrosive (PGA) market is anticipated to witness considerable growth in medicinal industry in the following years. Increasing demand for absorbable suture and other enhanced surgical instruments has been the significant pattern in medical sector driving the polyglycolic acid (polyglycolide) market. The product has a variety of uses in medical industry including: biodegradable bone graft polymers, dental surgeries, absorbable sutures, in regeneration of organs, scaffolds in cell culture & transplantation and in drug delivery vehicles. The usage of absorbable sutures circumvents and the requirement for re-surgery for suture evacuation is probably going to be a key factor pushing the polyglycolide market in the following years.
Form Outlook and Trend Analysis
Fibre form captured a huge share of more than 40% out of 2017 and is foreseen to rise generously over the conjecture time period. The fibrous PGA has been utilized as monofilament, interlaced form or in mesh structure. Fibre form is anticipated to hold considerable demand in the upcoming years, in the medical sector for use in sutures, scaffolds, stents, adhesion barrier reinforcement, in synthetic dura, etc. Film form has been gaining demand in the packaging sector as a coating material for PET bottles.
Application Outlook and Trend Analysis
Numerous benefits of polyglycolide in shale gas extraction include: upgrading the profitability, cost-and operational proficiency of hydraulic fracturing tasks. PGA downhole devices dispose of the need of expensive drill-out procedures, since they corrupt and break down in water after use. Shale gas extraction is anticipated to be the quickest developing part with a significant CAGR over the forecast period. Packaging applications constituted around 30% share in worldwide polyglycolide market in 2017.
Regional Outlook and Trend Analysis
North America drove the general polyglycolide market in 2017 with a huge share over 60%. The locale is foreseen to witness critical interest for polyglycolide in shale gas extraction in the coming years. The U.S's. administration as the innovative producer of shale gas lately has set up it as a conceivable catalyzer for worldwide energy change. Europe polyglycolic acid market will likewise encounter significant development in the following years.
Competitive Insights
The leading players in the market are Teleflex, CSM N.V, Huizhou Foryou Medical Devices Co., Ltd, BMG Incorporated and Shenzhen Polymtek Biomaterial Co., Ltd. The global polyglycolic acid market was highly monopolistic in nature in 2017, as Kureha Corporation was the sole industrial-scale manufacturer of the product. The company possesses strong growth techniques for development of its business beyond North America in the upcoming years. While medical sutures are the major applications of product, Kureha is planning development of new applications using its patented cost-effective methods.
The Polyglycolic Acid Market is segmented as follows:
By Form:
By Application:
By Region
Some of the key questions answered by the report are:
Market Classification
· Polyglycolic Acid Market, By Application, Estimates and Forecast, 2014-2023($Million)
· Medical
· Packaging
· Shale Gas Extraction
· Other Applications
· Polyglycolic Acid Market, By Region, Estimates and Forecast, 2014-2023($Million)
o North America
§ North America Polyglycolic Acid Market, By Country
o U.S. Polyglycolic Acid Market
o Canada Polyglycolic Acid Market
o Mexico Polyglycolic Acid Market
o Europe
§ Europe Polyglycolic Acid Market, By Country
o Germany Polyglycolic Acid Market
o UK Polyglycolic Acid Market
o France Polyglycolic Acid Market
o Russia Polyglycolic Acid Market
o Italy Polyglycolic Acid Market
o Rest of Europe Polyglycolic Acid Market
o Asia-Pacific
§ Asia-Pacific Polyglycolic Acid Market, By Country
o China Polyglycolic Acid Market
o Japan Polyglycolic Acid Market
o South Korea Polyglycolic Acid Market
o India Polyglycolic Acid Market
o Southeast Asia Polyglycolic Acid Market
o Rest of Asia-Pacific Polyglycolic Acid Market
o South America
§ South America Polyglycolic Acid Market
o Brazil Polyglycolic Acid Market
o Argentina Polyglycolic Acid Market
o Columbia Polyglycolic Acid Market
o South Africa Polyglycolic Acid Market
o Rest of South America Polyglycolic Acid Market
o Middle East and Africa
§ Middle East and Africa Polyglycolic Acid Market
o Saudi Arabia Polyglycolic Acid Market
o UAE Polyglycolic Acid Market
o Egypt Polyglycolic Acid Market
o Nigeria Polyglycolic Acid Market
o South Africa Polyglycolic Acid Market
o Rest of MEA Polyglycolic Acid Market
Table of Contents
1. Introduction
1.1. Report Description
1.2. Research Methodology
1.2.1. Secondary Research
1.2.2. Primary Research
2. Executive Summary
2.1. Key Highlights
3. Market Overview
3.1. Introduction
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Dynamics
3.2.1. Drivers
3.2.1.1. Growing Market for Absorbable Sutures Drives Market for PGA
3.2.2. Restraints
3.2.2.1. High Price of PGA Coupled with Lack of Customer Awareness Restrains the Market
3.2.3. Opportunities
3.2.3.1. Emerging Markets to Offer Lucrative Growth Opportunities
4. Market Analysis by Regions
4.1. North America (United States, Canada and Mexico)
4.1.1. United States Market States and Outlook (2017-2027)
4.1.2. Canada Market States and Outlook (2017-2027)
4.1.3. Mexico Market States and Outlook (2017-2027)
4.2. Europe (Germany, France, UK, Russia, Italy and Rest of Europe)
4.2.1. Germany Market States and Outlook (2017-2027)
4.2.2. France Market States and Outlook (2017-2027)
4.2.3. UK Market States and Outlook (2017-2027)
4.2.4. Russia Market States and Outlook (2017-2027)
4.2.5. Italy Market States and Outlook (2017-2027)
4.2.6. Rest of Europe Market States and Outlook (2017-2027)
4.3. Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Rest of Asia-Pacific)
4.3.1. China Market States and Outlook (2017-2027)
4.3.2. Japan Market States and Outlook (2017-2027)
4.3.3. Korea Market States and Outlook (2017-2027)
4.3.4. India Market States and Outlook (2017-2027)
4.3.5. Rest of Asia-Pacific Market States and Outlook (2017-2027)
4.4. South America (Brazil, Argentina, Columbia and Rest of South America)
4.4.1. Brazil Market States and Outlook (2017-2027)
4.4.2. Argentina Market States and Outlook (2017-2027)
4.4.3. Columbia Market States and Outlook (2017-2027)
4.4.4. Rest of South America Market States and Outlook (2017-2027)
4.5. Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa and Rest of MEA)
4.5.1. Saudi Arabia Market States and Outlook (2017-2027)
4.5.2. UAE Market States and Outlook (2017-2027)
4.5.3. Egypt Market States and Outlook (2017-2027)
4.5.4. Nigeria Market States and Outlook (2017-2027)
4.5.5. South Africa Market States and Outlook (2017-2027)
4.5.6. Rest of MEA Market States and Outlook (2017-2027)
5. Polyglycolic Acid Market, By Application
5.1. Introduction
5.2. Global Polyglycolic Acid Sales, Revenue and Market Share by Application (2017-2017)
5.2.1. Global Polyglycolic Acid Sales and Sales Share by Application (2017-2017)
5.2.2. Global Polyglycolic Acid Revenue and Revenue Share by Application (2017-2017)
5.3. Polyglycolic Acid Market Assessment and Forecast, By Application, 2017-2027
5.4. Medical
5.4.1. Global Medical Sales and Growth Rate (2017-2027)
5.5. Packaging
5.5.1. Global Packaging Sales and Growth Rate (2017-2027)
5.6. Shale Gas Extraction
5.6.1. Global Shale Gas Extraction Sales and Growth Rate (2017-2027)
5.7. Other Applications
5.7.1. Global Other Applications Sales and Growth Rate (2017-2027)
6. Polyglycolic Acid Market, By Region
6.1. Introduction
6.2. Global Polyglycolic Acid Sales, Revenue and Market Share by Regions
6.2.1. Global Polyglycolic Acid Sales by Regions (2017-2027)
6.2.2. Global Polyglycolic Acid Revenue by Regions (2017-2027)
6.3. North America Polyglycolic Acid by Countries
6.3.1. North America Polyglycolic Acid Sales and Growth Rate (2017-2027)
6.3.2. North America Polyglycolic Acid Revenue and Growth Rate (2017-2027)
6.3.3. North America Polyglycolic Acid Sales by Countries (2017-2027)
6.3.4. North America Polyglycolic Acid Revenue (Million USD) by Countries (2017-2027)
6.3.5. U.S.
6.3.5.1. United States Polyglycolic Acid Sales and Growth Rate (2017-2027)
6.3.5.2. United States Polyglycolic Acid Revenue (Millions USD) and Growth Rate (2017-2027)
6.3.6. Canada
6.3.6.1. Canada Polyglycolic Acid Sales and Growth Rate (2017-2027)
6.3.6.2. Canada Polyglycolic Acid Sales (Millions USD) and Growth Rate (2017-2027)
6.3.7. Mexico
6.3.7.1. Mexico Polyglycolic Acid Sales and Growth Rate (2017-2027)
6.3.7.2. Mexico Polyglycolic Acid Revenue (Millions USD) and Growth Rate (2017-2027)
6.4. Europe Polyglycolic Acid by Countries
6.4.1. Europe Polyglycolic Acid Sales and Growth Rate (2017-2027)
6.4.2. Europe Polyglycolic Acid Revenue and Growth Rate (2017-2027)
6.4.3. Europe Polyglycolic Acid Sales by Countries (2017-2027)
6.4.4. Europe Polyglycolic Acid Revenue (Million USD) by Countries (2017-2027)
6.4.5. Germany
6.4.5.1. Germany Polyglycolic Acid Sales and Growth Rate (2017-2027)
6.4.5.2. Germany Polyglycolic Acid Revenue (Millions USD) and Growth Rate (2017-2027)
6.4.6. UK
6.4.6.1. UK Polyglycolic Acid Sales and Growth Rate (2017-2027)
6.4.6.2. UK Polyglycolic Acid Revenue (Millions USD) and Growth Rate (2017-2027)
6.4.7. France
6.4.7.1. France Polyglycolic Acid Sales and Growth Rate (2017-2027)
6.4.7.2. France Polyglycolic Acid Revenue (Millions USD) and Growth Rate (2017-2027)
6.4.8. Russia
6.4.8.1. Russia Polyglycolic Acid Sales and Growth Rate (2017-2027)
6.4.8.2. Russia Polyglycolic Acid Revenue (Millions USD) and Growth Rate (2017-2027)
6.4.9. Italy
6.4.9.1. Italy Polyglycolic Acid Sales and Growth Rate (2017-2027)
6.4.9.2. Italy Polyglycolic Acid Revenue (Millions USD) and Growth Rate (2017-2027)
6.4.10. Rest of Europe
6.4.10.1. Rest of Europe Polyglycolic Acid Sales and Growth Rate (2017-2027)
6.4.10.2. Rest of Europe Polyglycolic Acid Revenue (Millions USD) and Growth Rate (2017-2027)
6.5. Asia-Pacific
6.5.1. Asia-Pacific Polyglycolic Acid Sales and Growth Rate (2017-2027)
6.5.2. Asia-Pacific Polyglycolic Acid Revenue and Growth Rate (2017-2027)
6.5.3. Asia-Pacific Polyglycolic Acid Sales by Countries (2017-2027)
6.5.4. Asia-Pacific Polyglycolic Acid Revenue (Million USD) by Countries (2017-2027)
6.5.5. China
6.5.5.1. China Polyglycolic Acid Sales and Growth Rate (2017-2027)
6.5.5.2. China Polyglycolic Acid Revenue (Millions USD) and Growth Rate (2017-2027)
6.5.6. Japan
6.5.6.1. Japan Polyglycolic Acid Sales and Growth Rate (2017-2027)
6.5.6.2. Japan Polyglycolic Acid Revenue (Millions USD) and Growth Rate (2017-2027)
6.5.6.3.
6.5.7. Korea
6.5.7.1. Korea Polyglycolic Acid Sales and Growth Rate (2017-2027)
6.5.7.2. Korea Polyglycolic Acid Revenue (Millions USD) and Growth Rate (2017-2027)
6.5.8. India
6.5.8.1. India Polyglycolic Acid Sales and Growth Rate (2017-2027)
6.5.8.2. India Polyglycolic Acid Revenue (Millions USD) and Growth Rate (2017-2027)
6.5.9. Southeast Asia
6.5.9.1. Southeast Asia Polyglycolic Acid Sales and Growth Rate (2017-2027)
6.5.9.2. Southeast Asia Polyglycolic Acid Revenue (Millions USD) and Growth Rate (2017-2027)
6.5.10. Rest of Asia-Pacific
6.5.10.1. Rest of Asia-Pacific Polyglycolic Acid Sales and Growth Rate (2017-2027)
6.5.10.2. Rest of Asia-Pacific Polyglycolic Acid Revenue (Millions USD) and Growth Rate (2017-2027)
6.6. South America
6.6.1. South America Polyglycolic Acid Sales and Growth Rate (2017-2027)
6.6.2. South America Polyglycolic Acid Revenue and Growth Rate (2017-2027)
6.6.3. South America Polyglycolic Acid Sales by Countries (2017-2027)
6.6.4. South America Polyglycolic Acid Revenue (Million USD) by Countries (2017-2027)
6.6.5. Brazil
6.6.5.1. Brazil Polyglycolic Acid Sales and Growth Rate (2017-2027)
6.6.5.2. Brazil Polyglycolic Acid Revenue (Millions USD) and Growth Rate (2017-2027)
6.6.6. Argentina
6.6.6.1. Argentina Polyglycolic Acid Sales and Growth Rate (2017-2027)
6.6.6.2. Argentina Polyglycolic Acid Revenue (Millions USD) and Growth Rate (2017-2027)
6.6.7. Columbia
6.6.7.1. Columbia Polyglycolic Acid Sales and Growth Rate (2017-2027)
6.6.7.2. Columbia Polyglycolic Acid Revenue (Millions USD) and Growth Rate (2017-2027)
6.6.8. Rest of South America
6.6.8.1. Rest of South America Polyglycolic Acid Sales and Growth Rate (2017-2027)
6.6.8.2. Rest of South America Polyglycolic Acid Revenue (Millions USD) and Growth Rate (2017-2027)
6.7. Middle East and Africa
6.7.1. Middle East and Africa Polyglycolic Acid Sales and Growth Rate (2017-2027)
6.7.2. Middle East and Africa Polyglycolic Acid Revenue and Growth Rate (2017-2027)
6.7.3. Middle East and Africa Polyglycolic Acid Sales by Countries (2017-2027)
6.7.4. Middle East and Africa Polyglycolic Acid Revenue (Million USD) by Countries (2017-2027)
6.7.5. Saudi Arabia
6.7.5.1. Saudi Arabia Polyglycolic Acid Sales and Growth Rate (2017-2027)
6.7.5.2. Saudi Arabia Polyglycolic Acid Revenue (Millions USD) and Growth Rate (2017-2027)
6.7.6. United Arab Emirates
6.7.6.1. United Arab Emirates Polyglycolic Acid Sales and Growth Rate (2017-2027)
6.7.6.2. United Arab Emirates Polyglycolic Acid Revenue (Millions USD) and Growth Rate (2017-2027)
6.7.7. Egypt
6.7.7.1. Egypt Polyglycolic Acid Sales and Growth Rate (2017-2027)
6.7.7.2. Egypt Polyglycolic Acid Revenue (Millions USD) and Growth Rate (2017-2027)
6.7.8. Nigeria
6.7.8.1. Nigeria Polyglycolic Acid Sales and Growth Rate (2017-2027)
6.7.8.2. Nigeria Polyglycolic Acid Revenue (Millions USD) and Growth Rate (2017-2027)
6.7.9. South Africa
6.7.9.1. South Africa Polyglycolic Acid Sales and Growth Rate (2017-2027)
6.7.9.2. South Africa Polyglycolic Acid Revenue (Millions USD) and Growth Rate (2017-2027)
6.7.10. Rest of Middle East and Africa
6.7.10.1. Rest of Middle East and Africa Polyglycolic Acid Sales and Growth Rate (2017-2027)
6.7.10.2. Rest of Middle East and Africa Polyglycolic Acid Revenue (Millions USD) and Growth Rate (2017-2027)
7. Company Profiles
7.1. Kureha PGA LLC
7.1.1. Business Overview
7.1.2. Product Portfolio
7.1.3. Strategic Developments
7.1.4. Sales, Revenue and Market Share
7.2. Huizhou Foryou Medical Devices Co., Ltd.
7.2.1. Business Overview
7.2.2. Product Portfolio
7.2.3. Strategic Developments
7.2.4. Sales, Revenue and Market Share
7.3. EI Du Pont De Nemours & Co.
7.3.1. Business Overview
7.3.2. Product Portfolio
7.3.3. Strategic Developments
7.3.4. Sales, Revenue and Market Share
7.4. Teleflex, Inc.
7.4.1. Business Overview
7.4.2. Product Portfolio
7.4.3. Strategic Developments
7.4.4. Sales, Revenue and Market Share
8. Global Polyglycolic Acid Market Competition, by Manufacturer
8.1. Global Polyglycolic Acid Sales and Market Share by Manufacturer (2017-2017)
8.2. Global Polyglycolic Acid Revenue and Market Share by Manufacturer (2017-2017)
8.3. Global Polyglycolic Acid Price by Manufacturer (2017-2017)
8.4. Top 5 Polyglycolic Acid Manufacturer Market Share
8.5. Market Competition Trend
9. Polyglycolic Acid Market Forecast (2017-2027)
9.1. Global Polyglycolic Acid Sales, Revenue (Millions USD) and Growth Rate (2017-2027)
9.2. Polyglycolic Acid Market Forecast by Regions (2017-2027)
9.2.1. North America Polyglycolic Acid Market Forecast (2017-2027)
9.2.1.1. United States Polyglycolic Acid Market Forecast (2017-2027)
9.2.1.2. Canada Polyglycolic Acid Market Forecast (2017-2027)
9.2.1.3. Mexico Polyglycolic Acid Market Forecast (2017-2027)
9.2.2. Europe Polyglycolic Acid Market Forecast (2017-2027)
9.2.2.1. Germany Polyglycolic Acid Market Forecast (2017-2027)
9.2.2.2. United Kingdom Polyglycolic Acids Market Forecast (2017-2027)
9.2.2.3. France Polyglycolic Acid Market Forecast (2017-2027)
9.2.2.4. Russia Polyglycolic Acid Market Forecast (2017-2027)
9.2.2.5. Italy Polyglycolic Acid Market Forecast (2017-2027)
9.2.2.6. Rest of the Europe Polyglycolic Acid Market Forecast (2017-2027)
9.2.3. Asia-Pacific Polyglycolic Acid Market Forecast (2017-2027)
9.2.3.1. China Polyglycolic Acid Market Forecast (2017-2027)
9.2.3.2. Japan Polyglycolic Acid Market Forecast (2017-2027)
9.2.3.3. Korea Polyglycolic Acid Market Forecast (2017-2027)
9.2.3.4. India Polyglycolic Acid Market Forecast (2017-2027)
9.2.3.5. Southeast Asia Polyglycolic Acid Market Forecast (2017-2027)
9.2.3.6. Rest of Asia-Pacific Polyglycolic Acid Market Forecast (2017-2027)
9.2.4. South America Polyglycolic Acid Market Forecast (2017-2027)
9.2.4.1. Brazil Polyglycolic Acid Market Forecast (2017-2027)
9.2.4.2. Argentina Polyglycolic Acid Market Forecast (2017-2027)
9.2.4.3. Columbia Polyglycolic Acid Market Forecast (2017-2027)
9.2.4.4. Rest of South America Polyglycolic Acid Market Forecast (2017-2027)
9.2.5. Middle East and Africa Polyglycolic Acid Market Forecast (2017-2027)
9.2.5.1. Saudi Arabia Polyglycolic Acid Market Forecast (2017-2027)
9.2.5.2. UAE Polyglycolic Acid Market Forecast (2017-2027)
9.2.5.3. Egypt Polyglycolic Acid Market Forecast (2017-2027)
9.2.5.4. Nigeria Polyglycolic Acid Market Forecast (2017-2027)
9.2.5.5. South Africa Polyglycolic Acid Market Forecast (2017-2027)
9.2.5.6. Rest of MEA Polyglycolic Acid Market Forecast (2017-2027)
9.3. Polyglycolic Acid Market Forecast by Application (2017-2027)
9.3.1. Global Polyglycolic Acid Sales Forecast by Application (2017-2027)
9.3.2. Global Polyglycolic Acid Sales Market Share Forecast by Application (2017-2027)
List of Tables
List of Tables and Figures
*You can glance through the list of Tables and Figures when you view the sample copy of Polyglycolic Acid Market.
Research Methodology
We use both primary as well as secondary research for our market surveys, estimates and for developing forecast. Our research process commence by analyzing the problem which enable us to design the scope for our research study. Our research process is uniquely designed with enough flexibility to adjust according to changing nature of products and markets, while retaining core element to ensure reliability and accuracy in research findings. We understand both macro and micro-economic factors to evaluate and forecast different market segments.
Data Mining
Data is extensively collected through various secondary sources such as annual reports, investor presentations, SEC filings, and other corporate publications. We also refer trade magazines, technical journals, paid databases such as Factiva and Bloomberg, industry trade journals, scientific journals, and social media data to understand market dynamics and industry trends. Further, we also conduct primary research to understand market drivers, restraints, opportunities, challenges, and competitive scenario to build our analysis.
Data Collection Matrix
Data Collection Matrix |
Supply Side |
Demand Side |
Primary Data Sources |
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Secondary Data Sources |
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Market Modeling and Forecasting
We use epidemiology and capital equipment-based models to forecast market size of different segments at country and regional level.
We do forecast on basis of several parameters such as market drivers, market opportunities, industry trends government regulations, raw materials supply and trade dynamics to ensure relevance of forecast with market scenario. With increasing need to granulized information, we used bottom-up methodology for forecasting where we evaluate each regional segment differently and combined all forecast to develop final market forecast.
Data Validation
We believe primary research is a very important tool in analyzing and forecasting different markets. In order to make sure accuracy of our findings, our team conducts primary interviews at every stage of research to gain deep insights into current business environment and future trends and key developments in market. This includes use of various methods such as telephonic interviews, focus groups, face to face interviews and questionnaires to validate our research from all aspects. We validate our data through primary research from key industry leaders such as CEO, product managers, marketing managers, suppliers, distributors, and consumers are frequently interviewed. These interviews provide valuable insights which help us to have better market understanding besides validating our estimates and forecast.
Data Triangulation
Industry Analysis
Qualitative Data |
Quantitative Data (2017-2025) |
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