Polyglycolic Acid Market

Polyglycolic Acid Market: Definition and Introduction

Polyglycolic acid is the first synthetic absorbable structure introduced. It is biodegradable in nature and a thermoplastic polymer. The key application Polyglycolic acid is found in surgical material owing to its tissue reactivity, high tensile strength, hydraulic stability, and excellent knotting ability.

It is produced through two process: ring-opening polymerization of glycolide and polycondensation of glycolic acid. They can be composted easily comparatively petroleum based products and not even emit toxic gases during incineration. This factors will lead to fuel the demand for Polyglycolic Acid over forecast period.

Polyglycolic Acid application in medical sector

Polyglycolic acid have its key application in medical industry. It is used in the field of transluminal coronary, hysterectomy, angioplasty, total mastectomy and other surgical field. This is the key factor for driving the global market growth of polyglycolic acid. 

Polyglycolic Acid Market: Market Dynamics

Fiber form of polyglycolic acid will lead the overall polyglycolic acid market owing to the factor that the demand for fiber form polyglycolic acid is increased by the medical industry for the formation of absorbable surgical sutures. Surgical sutures are widely used for therapeutic treatment which is associated with the field of gynecological and obstetric, ophthalmic, orthopedic, urological and other medical department.

Rising consumption of processed and packaged foods such as ready to eat-meal and frozen food, snacks and cake mixes is projected to fuel demand for flexible packaging solutions, which intend to drive the growth of Polyglycolic Acid market owing to its application in packaging industries. Key application of Polyglycolic Acid in packaging, agriculture, electronics, transport and textiles is anticipated to fuel the global market growth.

The global market of Polyglycolic Acid will fuel in forecast period owing to all this application Polyglycolic Acid has relatively low glass transition temperature. This make it unsuitable for high temperature applications. Polyglycolic Acid is relatively more brittle than ABS for 3d prototyping. These factors will hamper the global market of Polyglycolic Acid. 

Nikhil Kaitwade

Principal Consultant

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Polyglycolic Acid Market: Regional Outlook

Increasing number of oil & gas industries demand for the biodegradable polyglycolic acid in various countries such as Saudi Arabia, China, Japan, India and Germany is anticipated to fuel the growth of regional market of Polyglycolic Acid owing to the application of Polyglycolic Acid in shopping bags and disposable cutlery.

Rising demand for packaged food in North America leads to fuel the growth of Polyglycolic Acid market owing to consumption of Polyglycolic Acid in packaging material. Significant presence of old age population with increasing number of orthopedic, cardiac and hysterectomy surgeries in this region anticipated to drive the growth of polyglycolic acid in Mexico, Canada and US.

Europe is witnessed to have prominent growth of Polyglycolic Acid market over the forecast period owing to the stringent government regulation on the consumption of biodegradable product.

Polyglycolic Acid Market: Market participants

Example of some market participant in Global Polyglycolic Acid market identified across the value chain include:

• Huizhou Foryou Medical Devices Co., Ltd. (China)
• Kureha Corporation (Japan)
• Corbion (Netherland)
• Teleflex Incorporated (US)
• BMG Incorporated (Japan)
• Shenzhen Polymtek Biomaterial Co., (China)

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Polyglycolic Acid Market: Segmentation

The global market of Polyglycolic Acid can be segmented on the basis of type, form, end use industries, and manufacturing process:

On the basis of type the global market of Polyglycolic Acid can be segmented as:

• Racemic Polyglycolic Acid
• Regular Polyglycolic Acid
• Poly-DL-lactic acid

On the basis of form the global market of Polyglycolic Acid can be segmented as: 

• Fibers
• Films
• Others (plate, rod and composites)

On the basis of end use industries the global market of Polyglycolic Acid can be segmented as:

• Medical
• Oil & Gas
• Packaging
• Others (civil engineering, agriculture and filters)

On the basis of manufacturing process the global market of Polyglycolic Acid can be segmented as:

• Direct Polycondensatioal Reactions
• Ring Opening Polymerization
• Azeotropic Dehydrative Condensation