Polyglycolic Acid Market

Polyglycolic Acid Market was valued at USD 5.6 billion in 2022 and is forecast to touch USD 11.7 billion in 2030, and the market is expected to grow at a CAGR of 9.7% from 2023-2030.

Polyglycolic acid is a known as a multifilament suture material which is derived from homopolymer of glycolic acid and is a kind of thermoplastic, biodegradable polymer. This acid is available uncoated or coated and is absorbed by hydrolysis with less associated tissue inflammation than plain or silk. It is obtained by two processes, which are ring-opening polymerization of glycolide and polycondensation of glycolic acid.

To have an edge over the competition by knowing the market dynamics and current trends of “Polyglycolic Acid Market” request for Sample Report here

Key Polyglycolic Acid Market Drivers

The increasing investments in the healthcare sector leading to an expansion in the industry of medical devices along with the rising aged population globally is resulting in the growing demand for polyglycolic acid during the forecast period. Furthermore, the factors which are responsible for driving the growth of global polyglycolic acid market includes the rising demand for the absorbable suture and other tools in medical industry owing to the increasing diseases including ischemic heart diseases, cardiovascular diseases among others and increasing cases of hypertension. In addition, the increasing growth of the packaging industry primarily preferring the biodegradable packaging will lead to an increase in the growth of global polyglycolic acid market over the forecast period. The factors restraining the market growth includes the high cost in the maintenance and application of polyglycolic acid along with lack of awareness about its applications.

Do you want to know more about the Research process and detailed Methodology, Request Research Methodology of this report

Regional – Segment Analysis

On the basis of geography, North America is expected to grow at a highest compound annual growth rate during the forecast period owing to its high investments in healthcare infrastructure and rising number of cardiac, orthopaedic surgeries along with a substantial increase in the geriatric population in this region.

Top Market Players

Various notable players operating in the global polyglycolic acid market including Kureha Corporation, Corbion, BMG Incorporated, Teleflex Incorporated, Huizhou Foryou Medical Devices Co. Ltd., Shenzhen Polymtek Biomaterial Co., Ltd. and El Du Pont De Nemours & Co. among others.

In case, any of your pain points areas are not covered in the current scope of this report, Request for Customization here

The global polyglycolic acid market has been segmented on the basis of form, application and key geographies. Based on form, the market is segmented into Fiber, Film and Others. Based on application, the market is segmented into Oil & Gas, Medical, Packaging and Others

For detailed scope of the “Polyglycolic Acid Market” report request a Sample Copy of the report

Market Segmentation

Global Polyglycolic Acid Market by Form

• • Fiber
  • Film
  • Others

Global Polyglycolic Acid Market by Application

• • Oil & Gas
  • Medical
  • Packaging
  • Others

Global Polyglycolic Acid Market by Region

• • North America Global Polyglycolic Acid Market (Option 1: As a part of the free 25% customization)
    • By Form
    • By Application
    • US Market All-Up
    • Canada Market All-Up
  • Europe Global Polyglycolic Acid Market (Option 2: As a part of the free 25% customization)
    • By Form
    • By Application
    • By End-Use Industry
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Global Polyglycolic Acid Market (Option 3: As a part of the free 25% customization)
    • By Form
    • By Application
    • By End-Use Industry
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Global Polyglycolic Acid Market (Option 4: As a part of the free 25% customization)
    • By Form
    • By Application
    • By End-Use Industry
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Leading market players

• • Kureha Corporation
  • Corbion
  • BMG Incorporated
  • Teleflex Incorporated
  • Huizhou Foryou Medical Devices Co. Ltd.
  • Shenzhen Polymtek Biomaterial Co., Ltd.
  • El Du Pont De Nemours & Co.