The polyglycolic acid market is projected to grow at a rate of 9.3% in terms of value, from USD 4.05 Billion in 2019 to reach USD 8.29 Billion by 2027. Polyglycolic acid (PGA) is a synthetic, inter-woven polymer and is very slightly reactive and better resistant to bacterial contamination. The chemical is considered to be biocompatible in several end-uses and of late finds usage as filler material blended with polymers that can be chemically degraded. Polyglycolic acid is usually deployed into several tissue engineering applications supports include bone, tooth, cartilage, tendon, and spinal regeneration. Sheets made from the acid in combination with fibrin glue spray is applied as healing of open wounds of soft tissues, along with bone surfaces in the course of oral surgery, by adhering to the wound and assisting in stop postoperative hemorrhage and stimulate epithelialization. Moreover, the chemical finds widespread application in pharmaceuticals, including polymers for a biodegradable bone graft, organ regeneration, absorbable sutures, and drug delivery vehicles.
Top Companies Operating in the Global Polyglycolic Acid Market:
BMG Incorporated, Foryou Medical, Kureha Corporation, Teleflex Incorporated, Corbion, Advanced Medical Solutions Group PLC, Lotus Surgicals, Shenzhen Polymtek, Biomaterial Co. Ltd., LUX Sutures, and Unisur Lifecare Pvt. Ltd.
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Major Factors Contributing to the Global Materials and Chemicals Market Revenue Growth
The global materials chemicals market revenue growth is primarily attributed to factors such as fast-paced industrialization across the globe, rising demand for essential consumer goods (including packaged foods beverages, personal care cosmetic products, and household hygiene products), and increasing applications of raw materials and chemicals in a wide range of industries including the buildings construction, food beverage, pharmaceutical, agriculture, and textile industries. Other important factors contributing to the global market revenue growth are increasing industrial applications of specialty chemicals, growing use of high-performance, organic agrochemicals in the agriculture industry, rising environmental concerns among the population, growing need for environmentally friendly and sustainable raw materials and chemicals, and increasing government investments in the materials chemicals industry.
Table of Contents:
- Report Overview
1.1 Research Scope
1.2 Key Polyglycolic Acid market segments
1.3 Major players
1.4 Market analysis by product type
1.5 Market analysis by application
1.6 Report timeline - Global Growth Trends
2.1 Global Polyglycolic Acid market size
2.2 Latest regional market trends
2.3 Emerging growth trends - Competitive Outlook
3.1 Global Polyglycolic Acid market key players
3.2 Global Polyglycolic Acid size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the Polyglycolic Acid market
3.5 Mergers, acquisitions, joint ventures, and other strategic alliances
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Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
Polyglycolic Acid Market Segmentation
Form Outlook (Revenue, USD Million; 2017-2027)
- Films
- Fibers
- Others
Distribution Channel Outlook (Revenue, USD Million; 2017-2027)
- Online
- Offline
Industry Vertical Outlook (Revenue, USD Million; 2017-2027)
- Pharmaceutical
- Oil Gas
- Packaging
- Others
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