Polyglycolic Acid Market to grow at a perceptive 17% CAGR Forecast Period 2017-2023

02/gen/2019 19:14:41 Pradeep Z Contatta l'autore

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Polyglycolic acid is a thermoplastic polymer, widely used to produce 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.

Segmentation Analysis:

The global polyglycolic acid market is segmented based on application and region. By the application, this market is segmented into bio-medical, packaging, and shale gas extraction. Geographically, the market is divided into five regions namely Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa.

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Top Key Players:

Some of the key players in the global polyglycolic acid market are 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), and Foosin Medical Supplies Inc Ltd (China).

Regional Analysis:

Asia Pacific is expected to drive the demand for polyglycolic acid owing to its usage in biomedical application and packaging industry in developing economies such as India, China, Thailand, Taiwan, and Indonesia among others. The Indian healthcare industry is growing at a considerable rate due to excellent services and increasing disposable income of the consumers. For instance, according to India Brand Equity Foundation, India’s healthcare industry is expected to reach USD 275 billion over the forecast period.

Market Scope:

Rising innovation in food packaging application in the European region is likely to drive the growth of the Polyglycolic Acid Market. A new Refucoat project has started in Spain to develop fully-recyclable food packaging and to improve the preservation of food. Rising demand for polyglycolic acid in medical application is projected to propel the growth of this market in other regions. In Latin America, Argentina is driving the boost the markets growth due to the existence of huge wells in the Neuquen Basin.

Browse the market data and information spread across 140 pages with 24 data tables and 09 figures of the report “Polyglycolic Acid Market Research Report - Forecast to 2023” in-depth alongside table of content (TOC) at: https://www.marketresearchfuture.com/reports/polyglycolic-acid-market-5749

Industry News:

March 22, 2018 Market Research Future Published a Half-Cooked Research Report on Global Polyglycolic Acid Research Report.

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