Polyglycolic Acid Market 2019 | Technology, Applications, Growth and Region Forecast 2023

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Polyglycolic Acid Market Research Report -
Forecast to 2023
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2023
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Polyglycolic Acid Market Research Report-
Forecast to 2023
Polyglycolic Acid Market - Overview
Polyglycolic Acid is a thermoplastic polymer,
widely used for the production of absorbable
sutures owing to superior characteristics such as
high tensile strength, tissue reactivity, and
hydrolytic stability. Two manufacturing processes
namely polycondensation and ring-opening
polymerization of glycolide are used for
producing low and high weight molecular products
respectively. The rise in the usage of
Polyglycolic Acid in the healthcare industry
owing to biodegradability is expected to fuel the
demand over the next seven years. Surging demand
for Polyglycolic Acid in various medical
applications such as dental, orthopedic and drug
delivery is expected to drive the market growth.
Polyglycolic Acid is widely in the packaging
industry. Increasing demand for packaged food
owing to rising disposable income and changing
lifestyle of the people, specifically in
developing economies of the Asia Pacific and
Latin America is anticipated to augment market
growth. The boost in the demand for shale gas is
likely to propel the demand for PGA further on
account of its use in the shale gas extraction.
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Polyglycolic Acid Market Research Report-
Forecast to 2023
Segmental Analysis
The Global Polyglycolic Acid Market has been
segmented on the basis of the Application and
Region. On the basis of the Application, this
market is divided into bio-medical, packaging,
shale gas extraction and others. Bio-medical
emerged as the leading application segment due to
increasing usage in manufacturing of implantable
medical devices. These devices eliminate the need
for second surgery and the risks related to it.
The application of Polyglycolic Acid is
increasing at a staggering rate in the controlled
drug delivery and tissue engineering owing to
biocompatibility. Increasing use of Polyglycolic
Acid in perishable food packaging to increase the
shelf life for maintaining the freshness of the
product is likely to drive the growth of this
market. Polyglycolic Acid had been used vastly in
multilayered PET bottles to improve the
production efficiency. For instance, Solvay
Speciality Polymer and Husky Injection Moulding
Systems together introduced a recyclable Verian
High Barrier Polyester (HBP) to be used in PET
bottles packaging. Polyglycolic Acid on account
of high gas barrier properties has been
progressively used in shale gas extraction. The
use of Polyglycolic Acid is vastly spread in the
U.S. due to the supply of ultra-strong and
biodegradable materials. Examine Full Research
Study with Complete TOC Click on Below Link _at_
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lycolic-acid-market-5749


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Polyglycolic Acid Market Research Report-
Forecast to 2023
Regional Outlook
The Global Polyglycolic Acid Market is
geographically divided into five regions, which
include Asia Pacific, North America, Europe,
Latin America, and the Middle East Africa.
North America dominates the global market owing
to surging demand of Polyglycolic Acid in the oil
and gas extraction industry. Europe is the second
most substantial region in the global market
owing to the rising demand for the in the
packaging industry. For instance, a recent
European project named as RefuCoat had been
started by EU for the development of recyclable
barrier coatings and bio-plastic material for
films and trays. Asia Pacific is expected to
witness a significant growth in the demand due to
the growth of packaging industry coupled with
rising awareness among consumers related to food
hygiene. Other regions are expected to show a
moderate growth over the next few years.
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Polyglycolic Acid Market Research Report-
Forecast to 2023
Major Players in this Research

• Polyglycolic Acid Market Prominent Players
• Toray Industries, Inc (Japan)
• BASF SE (Germany)
• SK Chemicals (South Korea)
• Shenzhen Polymtek Biomaterial Co., Ltd (China)
• Teleflex Incorporated (U.S.)
• Huizhou Foryou Medical Devices Co., Ltd (China)
• DemeTech Sutures (U.S.)
• DowDuPont (U.S.)
• Corbion (Netherlands)
• Kureha Corporation (U.S.)
• Focus Technology Co., Ltd ( China)
• Foosin Medical Supplies Inc Ltd (China)

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