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Polyglycolic Acid-Global Market Insights and Sales Trends 2025
Synopsis
Polyglycolide or poly(glycolic acid) (PGA), also spelled as polyglycolic acid is a biodegradable, semi-crystalline thermoplastic. It is also the simplest linear, aliphatic polyester. PGA resins are known for their excellent gas barrier properties, relative high strength, and excellent biodegradability. Some grades have a biodegradation rate similar to cellulose and decompose under composting conditions into CO2 and water within one month.
PGA and its copolymers such as poly(lactic-co-glycolic acid), and poly(glycolide-co-caprolactone) are used in a number of applications. Due to PGA's very low permeability to O2 and CO2, it can be used as a packaging film for oxygen sensitive products, for example as an interlayer between two polyester films. Other important applications include shale gas extraction and other industrial processes as well as synthetic fast absorbable sutures for internal surgeries.
The global Polyglycolic Acid market size is expected to reach US$ 426.9 million by 2029, growing at a CAGR of 23.9% from 2023 to 2029. The market is mainly driven by the significant applications of Polyglycolic Acid in various end use industries. The expanding demands from the Oil and Gas Industry, Medical Industry, Packing Industry and Others, are propelling Polyglycolic Acid market. Industrial Grade, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Medical Grade segment is estimated at % CAGR for the next seven-year period.
Global core polyglycolic acid manufacturers include Kureha and Shanghai Pujing Chemical. The top 2 companies hold a share over 90%. North America is the largest market, with a share over 45%, followed by China and Europe with the share about 23% and 11%. In terms of product type, industrial grade is the largest segment, with a share over 50%. And in terms of application, the largest application is oil and gas industry, followed by medical industry.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Polyglycolic Acid, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Polyglycolic Acid market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Polyglycolic Acid market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Polyglycolic Acid sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Polyglycolic Acid covered in this report include Kureha, Corbion, BMG, Evonik, Teleflex, Samyang Biopharm, Meta Biomed, Shanghai Pujing Chemical and Shenzhen Polymtek Biomaterial, etc.
The global Polyglycolic Acid market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Kureha
Corbion
BMG
Evonik
Teleflex
Samyang Biopharm
Meta Biomed
Shanghai Pujing Chemical
Shenzhen Polymtek Biomaterial
Huizhou Foryou Medical Device
Danhua Technology
Global Polyglycolic Acid market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Polyglycolic Acid market, Segment by Type:
Industrial Grade
Medical Grade
Global Polyglycolic Acid market, by Application
Oil and Gas Industry
Medical Industry
Packing Industry
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Polyglycolic Acid manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Polyglycolic Acid in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Polyglycolide or poly(glycolic acid) (PGA), also spelled as polyglycolic acid is a biodegradable, semi-crystalline thermoplastic. It is also the simplest linear, aliphatic polyester. PGA resins are known for their excellent gas barrier properties, relative high strength, and excellent biodegradability. Some grades have a biodegradation rate similar to cellulose and decompose under composting conditions into CO2 and water within one month.
PGA and its copolymers such as poly(lactic-co-glycolic acid), and poly(glycolide-co-caprolactone) are used in a number of applications. Due to PGA's very low permeability to O2 and CO2, it can be used as a packaging film for oxygen sensitive products, for example as an interlayer between two polyester films. Other important applications include shale gas extraction and other industrial processes as well as synthetic fast absorbable sutures for internal surgeries.
The global Polyglycolic Acid market size is expected to reach US$ 426.9 million by 2029, growing at a CAGR of 23.9% from 2023 to 2029. The market is mainly driven by the significant applications of Polyglycolic Acid in various end use industries. The expanding demands from the Oil and Gas Industry, Medical Industry, Packing Industry and Others, are propelling Polyglycolic Acid market. Industrial Grade, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Medical Grade segment is estimated at % CAGR for the next seven-year period.
Global core polyglycolic acid manufacturers include Kureha and Shanghai Pujing Chemical. The top 2 companies hold a share over 90%. North America is the largest market, with a share over 45%, followed by China and Europe with the share about 23% and 11%. In terms of product type, industrial grade is the largest segment, with a share over 50%. And in terms of application, the largest application is oil and gas industry, followed by medical industry.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Polyglycolic Acid, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Polyglycolic Acid market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Polyglycolic Acid market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Polyglycolic Acid sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Polyglycolic Acid covered in this report include Kureha, Corbion, BMG, Evonik, Teleflex, Samyang Biopharm, Meta Biomed, Shanghai Pujing Chemical and Shenzhen Polymtek Biomaterial, etc.
The global Polyglycolic Acid market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Kureha
Corbion
BMG
Evonik
Teleflex
Samyang Biopharm
Meta Biomed
Shanghai Pujing Chemical
Shenzhen Polymtek Biomaterial
Huizhou Foryou Medical Device
Danhua Technology
Global Polyglycolic Acid market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Polyglycolic Acid market, Segment by Type:
Industrial Grade
Medical Grade
Global Polyglycolic Acid market, by Application
Oil and Gas Industry
Medical Industry
Packing Industry
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Polyglycolic Acid manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Polyglycolic Acid in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Polyglycolic Acid Market Overview
1.1 Polyglycolic Acid Product Overview
1.2 Polyglycolic Acid Market Segment by Type
1.2.1 Industrial Grade
1.2.2 Medical Grade
1.3 Global Polyglycolic Acid Market Size by Type
1.3.1 Global Polyglycolic Acid Market Size Overview by Type (2018-2029)
1.3.2 Global Polyglycolic Acid Historic Market Size Review by Type (2018-2023)
1.3.3 Global Polyglycolic Acid Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Polyglycolic Acid Sales Breakdown by Type (2018-2023)
1.4.2 Europe Polyglycolic Acid Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Polyglycolic Acid Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Polyglycolic Acid Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Polyglycolic Acid Sales Breakdown by Type (2018-2023)
2 Global Polyglycolic Acid Market Competition by Company
2.1 Global Top Players by Polyglycolic Acid Sales (2018-2023)
2.2 Global Top Players by Polyglycolic Acid Revenue (2018-2023)
2.3 Global Top Players by Polyglycolic Acid Price (2018-2023)
2.4 Global Top Manufacturers Polyglycolic Acid Manufacturing Base Distribution, Sales Area, Product Type
2.5 Polyglycolic Acid Market Competitive Situation and Trends
2.5.1 Polyglycolic Acid Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Polyglycolic Acid Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Polyglycolic Acid as of 2022)
2.7 Date of Key Manufacturers Enter into Polyglycolic Acid Market
2.8 Key Manufacturers Polyglycolic Acid Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Polyglycolic Acid Status and Outlook by Region
3.1 Global Polyglycolic Acid Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Polyglycolic Acid Historic Market Size by Region
3.2.1 Global Polyglycolic Acid Sales in Volume by Region (2018-2023)
3.2.2 Global Polyglycolic Acid Sales in Value by Region (2018-2023)
3.2.3 Global Polyglycolic Acid Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Polyglycolic Acid Forecasted Market Size by Region
3.3.1 Global Polyglycolic Acid Sales in Volume by Region (2024-2029)
3.3.2 Global Polyglycolic Acid Sales in Value by Region (2024-2029)
3.3.3 Global Polyglycolic Acid Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Polyglycolic Acid by Application
4.1 Polyglycolic Acid Market Segment by Application
4.1.1 Oil and Gas Industry
4.1.2 Medical Industry
4.1.3 Packing Industry
4.1.4 Others
4.2 Global Polyglycolic Acid Market Size by Application
4.2.1 Global Polyglycolic Acid Market Size Overview by Application (2018-2029)
4.2.2 Global Polyglycolic Acid Historic Market Size Review by Application (2018-2023)
4.2.3 Global Polyglycolic Acid Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Polyglycolic Acid Sales Breakdown by Application (2018-2023)
4.3.2 Europe Polyglycolic Acid Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Polyglycolic Acid Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Polyglycolic Acid Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Polyglycolic Acid Sales Breakdown by Application (2018-2023)
5 North America Polyglycolic Acid by Country
5.1 North America Polyglycolic Acid Historic Market Size by Country
5.1.1 North America Polyglycolic Acid Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Polyglycolic Acid Sales in Volume by Country (2018-2023)
5.1.3 North America Polyglycolic Acid Sales in Value by Country (2018-2023)
5.2 North America Polyglycolic Acid Forecasted Market Size by Country
5.2.1 North America Polyglycolic Acid Sales in Volume by Country (2024-2029)
5.2.2 North America Polyglycolic Acid Sales in Value by Country (2024-2029)
6 Europe Polyglycolic Acid by Country
6.1 Europe Polyglycolic Acid Historic Market Size by Country
6.1.1 Europe Polyglycolic Acid Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Polyglycolic Acid Sales in Volume by Country (2018-2023)
6.1.3 Europe Polyglycolic Acid Sales in Value by Country (2018-2023)
6.2 Europe Polyglycolic Acid Forecasted Market Size by Country
6.2.1 Europe Polyglycolic Acid Sales in Volume by Country (2024-2029)
6.2.2 Europe Polyglycolic Acid Sales in Value by Country (2024-2029)
7 Asia-Pacific Polyglycolic Acid by Region
7.1 Asia-Pacific Polyglycolic Acid Historic Market Size by Region
7.1.1 Asia-Pacific Polyglycolic Acid Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Polyglycolic Acid Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Polyglycolic Acid Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Polyglycolic Acid Forecasted Market Size by Region
7.2.1 Asia-Pacific Polyglycolic Acid Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Polyglycolic Acid Sales in Value by Region (2024-2029)
8 Latin America Polyglycolic Acid by Country
8.1 Latin America Polyglycolic Acid Historic Market Size by Country
8.1.1 Latin America Polyglycolic Acid Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Polyglycolic Acid Sales in Volume by Country (2018-2023)
8.1.3 Latin America Polyglycolic Acid Sales in Value by Country (2018-2023)
8.2 Latin America Polyglycolic Acid Forecasted Market Size by Country
8.2.1 Latin America Polyglycolic Acid Sales in Volume by Country (2024-2029)
8.2.2 Latin America Polyglycolic Acid Sales in Value by Country (2024-2029)
9 Middle East and Africa Polyglycolic Acid by Country
9.1 Middle East and Africa Polyglycolic Acid Historic Market Size by Country
9.1.1 Middle East and Africa Polyglycolic Acid Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Polyglycolic Acid Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Polyglycolic Acid Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Polyglycolic Acid Forecasted Market Size by Country
9.2.1 Middle East and Africa Polyglycolic Acid Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Polyglycolic Acid Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Kureha
10.1.1 Kureha Company Information
10.1.2 Kureha Introduction and Business Overview
10.1.3 Kureha Polyglycolic Acid Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Kureha Polyglycolic Acid Products Offered
10.1.5 Kureha Recent Development
10.2 Corbion
10.2.1 Corbion Company Information
10.2.2 Corbion Introduction and Business Overview
10.2.3 Corbion Polyglycolic Acid Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Corbion Polyglycolic Acid Products Offered
10.2.5 Corbion Recent Development
10.3 BMG
10.3.1 BMG Company Information
10.3.2 BMG Introduction and Business Overview
10.3.3 BMG Polyglycolic Acid Sales, Revenue and Gross Margin (2018-2023)
10.3.4 BMG Polyglycolic Acid Products Offered
10.3.5 BMG Recent Development
10.4 Evonik
10.4.1 Evonik Company Information
10.4.2 Evonik Introduction and Business Overview
10.4.3 Evonik Polyglycolic Acid Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Evonik Polyglycolic Acid Products Offered
10.4.5 Evonik Recent Development
10.5 Teleflex
10.5.1 Teleflex Company Information
10.5.2 Teleflex Introduction and Business Overview
10.5.3 Teleflex Polyglycolic Acid Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Teleflex Polyglycolic Acid Products Offered
10.5.5 Teleflex Recent Development
10.6 Samyang Biopharm
10.6.1 Samyang Biopharm Company Information
10.6.2 Samyang Biopharm Introduction and Business Overview
10.6.3 Samyang Biopharm Polyglycolic Acid Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Samyang Biopharm Polyglycolic Acid Products Offered
10.6.5 Samyang Biopharm Recent Development
10.7 Meta Biomed
10.7.1 Meta Biomed Company Information
10.7.2 Meta Biomed Introduction and Business Overview
10.7.3 Meta Biomed Polyglycolic Acid Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Meta Biomed Polyglycolic Acid Products Offered
10.7.5 Meta Biomed Recent Development
10.8 Shanghai Pujing Chemical
10.8.1 Shanghai Pujing Chemical Company Information
10.8.2 Shanghai Pujing Chemical Introduction and Business Overview
10.8.3 Shanghai Pujing Chemical Polyglycolic Acid Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Shanghai Pujing Chemical Polyglycolic Acid Products Offered
10.8.5 Shanghai Pujing Chemical Recent Development
10.9 Shenzhen Polymtek Biomaterial
10.9.1 Shenzhen Polymtek Biomaterial Company Information
10.9.2 Shenzhen Polymtek Biomaterial Introduction and Business Overview
10.9.3 Shenzhen Polymtek Biomaterial Polyglycolic Acid Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Shenzhen Polymtek Biomaterial Polyglycolic Acid Products Offered
10.9.5 Shenzhen Polymtek Biomaterial Recent Development
10.10 Huizhou Foryou Medical Device
10.10.1 Huizhou Foryou Medical Device Company Information
10.10.2 Huizhou Foryou Medical Device Introduction and Business Overview
10.10.3 Huizhou Foryou Medical Device Polyglycolic Acid Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Huizhou Foryou Medical Device Polyglycolic Acid Products Offered
10.10.5 Huizhou Foryou Medical Device Recent Development
10.11 Danhua Technology
10.11.1 Danhua Technology Company Information
10.11.2 Danhua Technology Introduction and Business Overview
10.11.3 Danhua Technology Polyglycolic Acid Sales, Revenue and Gross Margin (2018-2023)
10.11.4 Danhua Technology Polyglycolic Acid Products Offered
10.11.5 Danhua Technology Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Polyglycolic Acid Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Polyglycolic Acid Industrial Chain Analysis
11.4 Polyglycolic Acid Market Dynamics
11.4.1 Polyglycolic Acid Industry Trends
11.4.2 Polyglycolic Acid Market Drivers
11.4.3 Polyglycolic Acid Market Challenges
11.4.4 Polyglycolic Acid Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Polyglycolic Acid Distributors
12.3 Polyglycolic Acid Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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