Asia Pacific Polyglycolic Acid Market Research Report: Forecast (2024-2030)

Asia Pacific Polyglycolic Acid Market - By Form (Composites, Film, Fiber, Others), By End User (Medical, Oil & Gas, Packaging) and others ... Read more

  • Chemicals
  • Aug 2024
  • 150
  • PDF, Excel, PPT

Market Definition

Polyglycolic acid (PGA) is a synthetic biodegradable polymer that comprises glycolic acid monomers that are connected through ester bonds. It is manufactured by polycondensation of glycolic acid and also through ring-opening polymerization.

Market Insights & Analysis: Asia Pacific Polyglycolic Acid Market (2024-30):

The Asia Pacific Polyglycolic Acid Market is estimated to grow at a CAGR of around 11.2% during the forecast period, i.e., 2024-30. The surge in demand for implantable medical devices, adsorbable sutures, biodegradable packaging material for food & beverage, etc. are the key factors which is driving the market of Polyglycolic Acid across the globe.

Report Coverage Details
Study Period Historical Data: 2019-22
Base Year: 2023
Forecast Period: 2024-30
CAGR (2024-2030) 11.2%
Countries Covered China, Japan, India, South Korea, Australia, Singapore, Vietnam, The Philippines, Rest of Asia-Pacific
Key Companies Profiled BMG Incorporated, Kureha Corporation, Merck KGaA, Polysciences Inc., Huizhou Foryou Medical Devices Co., Ltd., Haihang Industry, Teleflex Incorporated, Hefei TNJ Chemical Industry Co.,Ltd., Polylactide, Inc., Vizag Chemicals, Others
Unit Denominations USD Million/Billion

 

The growing number of surgical procedures such as appendectomy, coronary artery bypass, etc., across the globe have generated demand for absorbable sutures which has further created a requirement for polyglycolic acid. Moreover, the growing aging population coupled with the rising inclination of both males and females towards plastic surgery has led to a surge in demand for polyglycolic acid as these are utilized in dermal fillers which are further injected into the skin to reduce wrinkles, scars, etc.  Hence, the growing number of plastic surgery procedures across the globe is projected to boost the demand for polyglycolic acid in the years to come.

  • The American Society of Plastic Surgeons highlighted that in 2019 the number of cosmetic surgical procedures for the face was around 294,004 which raised to around 346,384 in 2022.

Today’s consumers are much more environmentally sensitive, especially those in the Asia Pacific region, and are so keen on products that are in environmentally friendly packages. The change in customers’ trends in purchasing products is a strong driving force that is forcing organizations to use organic materials such as PGA to satisfy market needs. The growing e-commerce sector in the Asia Pacific region has paved the way for ample growth for efficient and good packaging. This makes PGA more suitable for packaging, in particular for meat and dairy products that are often bought through e-shops, and is a major concern when it comes to minimizing the volume of packaging waste.

  1. Market Segmentation
  2. Introduction
    1. Market Definition
    2. Research Process
    3. Assumptions
  3. Executive Summary
  4. Asia-Pacific Polyglycolic Acid Market Trends & Developments
  5. Asia-Pacific Polyglycolic Acid Market Dynamics
    1. Growth Drivers
    2. Challenges
  6. Asia-Pacific Polyglycolic Acid Market Hotspots & Opportunities
  7. Asia-Pacific Polyglycolic Acid Market Policies & Regulations
  8. Asia-Pacific Polyglycolic Acid Market Supply Chain Analysis
  9. Asia-Pacific Polyglycolic Acid Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
      2. By Quantity Sold (Thousand Tons)
    2. Market Share & Analysis
      1. By Form
        1. Composites- Market Size & Forecast 2019-2030F, Thousand Tons
        2. Film- Market Size & Forecast 2019-2030F, Thousand Tons
        3. Fiber- Market Size & Forecast 2019-2030F, Thousand Tons
        4. Others (Plate, Rod, etc.)- Market Size & Forecast 2019-2030F, Thousand Tons
      2. By End User
        1. Medical- Market Size & Forecast 2019-2030F, Thousand Tons
        2. Oil & Gas- Market Size & Forecast 2019-2030F, Thousand Tons
        3. Packaging- Market Size & Forecast 2019-2030F, Thousand Tons
        4. Others (Agriculture, Manufacturing, etc.)- Market Size & Forecast 2019-2030F, Thousand Tons
      3. By Country
        1. China
        2. Japan
        3. India
        4. South Korea
        5. Australia
        6. Singapore
        7. Vietnam
        8. The Philippines
        9. Rest of Asia-Pacific
      4. By Company
        1. Market Share of Top Companies
        2. Competition Characteristics
  10. China Polyglycolic Acid Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
      2. By Quantity Sold (Thousand Tons)
    2. Market Share & Analysis
      1. By Form- Market Size & Forecast 2019-2030F, Thousand Tons
      2. By End User- Market Size & Forecast 2019-2030F, Thousand Tons
  11. Japan Polyglycolic Acid Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
      2. By Quantity Sold (Thousand Tons)
    2. Market Share & Analysis
      1. By Form- Market Size & Forecast 2019-2030F, Thousand Tons
      2. By End User- Market Size & Forecast 2019-2030F, Thousand Tons
  12. India Polyglycolic Acid Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Form- Market Size & Forecast 2019-2030F, Thousand Tons
      2. By End User- Market Size & Forecast 2019-2030F, Thousand Tons
  13. South Korea Polyglycolic Acid Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
      2. By Quantity Sold (Thousand Tons)
    2. Market Share & Analysis
      1. By Form- Market Size & Forecast 2019-2030F, Thousand Tons
      2. By End User- Market Size & Forecast 2019-2030F, Thousand Tons
  14. Australia Polyglycolic Acid Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
      2. By Quantity Sold (Thousand Tons)
    2. Market Share & Analysis
      1. By Form- Market Size & Forecast 2019-2030F, Thousand Tons
      2. By End User- Market Size & Forecast 2019-2030F, Thousand Tons
  15. Singapore Polyglycolic Acid Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
      2. By Quantity Sold (Thousand Tons)
    2. Market Share & Analysis
      1. By Form- Market Size & Forecast 2019-2030F, Thousand Tons
      2. By End User- Market Size & Forecast 2019-2030F, Thousand Tons
  16. Vietnam Polyglycolic Acid Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
      2. By Quantity Sold (Thousand Tons)
    2. Market Share & Analysis
      1. By Form- Market Size & Forecast 2019-2030F, Thousand Tons
      2. By End User- Market Size & Forecast 2019-2030F, Thousand Tons
  17. The Philippines Polyglycolic Acid Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
      2. By Quantity Sold (Thousand Tons)
    2. Market Share & Analysis
      1. By Form- Market Size & Forecast 2019-2030F, Thousand Tons
      2. By End User- Market Size & Forecast 2019-2030F, Thousand Tons
  18. Asia-Pacific Polyglycolic Acid Market Key Strategic Imperatives for Success & Growth
  19. Competition Outlook
    1. Company Profiles
      1. BMG Incorporated
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      2. Kureha Corporation
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      3. Merck KGaA
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      4. Polysciences Inc.
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      5. Huizhou Foryou Medical Devices Co., Ltd.
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      6. Haihang Industry
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      7. Teleflex Incorporated
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      8. Hefei TNJ Chemical Industry Co., Ltd.
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      9. Polylactide, Inc.
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      10. Vizag Chemicals
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      11. Others
  20. Disclaimer


MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.

3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.

Data Trangulation

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

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