Polyglycolic Acid Market
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Transparency <strong>Market</strong><br />
Research<br />
<strong>Polyglycolic</strong> <strong>Acid</strong> <strong>Market</strong> - Global Industry Analysis,<br />
Size, Share, Growth, Trends and Forecast 2015 - 2023<br />
Published Date<br />
30-Dec-2015<br />
98 Page Report<br />
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Press Release<br />
Growing Demand for Absorbable Sutures to Create Growth<br />
Opportunities for <strong>Polyglycolic</strong> <strong>Acid</strong> <strong>Market</strong>, reports TMR<br />
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<strong>Polyglycolic</strong> <strong>Acid</strong> <strong>Market</strong><br />
REPORT DESCRIPTION<br />
<strong>Polyglycolic</strong> <strong>Acid</strong> <strong>Market</strong> - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 -<br />
2023<br />
The study presented here is based on a report by Transparency <strong>Market</strong> Research (TMR) titled “<strong>Polyglycolic</strong><br />
<strong>Acid</strong> <strong>Market</strong> - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2023.”<br />
According to TMR, the opportunity in the polyglycolic acid market, worldwide, was worth US$181.7 mn in 2014<br />
with a production volume of 1,690.0 tons. Expanding at a CAGR of 10.10% between 2015 and 2023, it is likely<br />
to reach US$424.5 mn by the end of the forecast period.<br />
North America led the demand for polyglycolic acid in 2014 with a share of nearly 72%. The region is expected<br />
to continue to lead throughout the forecast period with revenue reaching US$213.4 mn by 2023. Shale gas<br />
extraction is anticipated to remain the key application area of polyglycolic over the forthcoming years.<br />
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<strong>Polyglycolic</strong> <strong>Acid</strong> Experiences High Demand due to Rising Application of Absorbable Sutures<br />
“The demand for polyglycolic acid has received a strong push from the growing application of absorbable<br />
sutures over the last few years,” says an analyst at TMR. Before its widespread application in packaging and<br />
shale gas extraction, polyglycolic acid was mainly utilized in the production of absorbable sutures. As these<br />
sutures dissolve in the body as the wound heals, they do not need reopening of the body parts for their<br />
removal. This factor has increased the application of these sutures in the treatment of internal wounds, leading<br />
to a significant surge in demand for polyglycolic acid.<br />
High Cost of <strong>Polyglycolic</strong> <strong>Acid</strong> Could Limit its Application in Near Future<br />
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<strong>Polyglycolic</strong> <strong>Acid</strong> <strong>Market</strong><br />
On the flip side, the high cost of polyglycolic acid is likely to limit its application considerably over the years to<br />
come. Traditionally, it was utilized in small portions for the production of absorbable sutures; however, shale<br />
gas extraction, packaging, and other application such as agriculture, filters, and civil engineering resins. Being<br />
a costly material, it is facing severe difficulty in its large-scale commercialization, which is creating a hindrance<br />
in its utilization across various application areas.<br />
Apart from this, the dearth of awareness among people regarding the usage of polyglycolic acid is also<br />
expected to hamper its demand in the near future. However, the increasing preference for plastic packaging for<br />
beverages is expected to present growth opportunities for polyglycolic acid producers across the world.<br />
North America to Remain Key Contributor in Revenue Generated by <strong>Polyglycolic</strong> <strong>Acid</strong> Globally<br />
With Kureha PGA LLC holding a market share of nearly 84%, the global market for polyglycolic acid<br />
demonstrated a highly concentrated and monopolistic competitive landscape in 2014, reports Transparency<br />
<strong>Market</strong> Research (TMR) in a recent study. Over the next few years, no significant change is expected in the<br />
current arrangement, owing to which the competition in the market is anticipated to remain low.<br />
Browse the Full Research Report : http://www.transparencymarketresearch.com/polyglycolic-acidmarket.html<br />
Kureha Corp., the only commercial-scale producer of polyglycolic acid utilized in non-medical applications, is<br />
likely to remain the key shareholder of this market between 2015 and 2023. However, other players, such as<br />
Teleflex Inc., EI Du Pont De Nemours & Co., and Huizhou Foryou Medical Devices Co. Ltd. may gain<br />
considerable momentum in medical and biomedical applications, states TMR.<br />
Key Takeaways<br />
• A total of 1,690.0 tons of polyglycolic acid were produced in 2014<br />
• The opportunity in the polyglycolic acid market in North America will stand at US$213.4 mn by 2023<br />
• Shale gas extraction is likely to remain the key consumer of polyglycolic acid between 2015 and 2023<br />
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The polyglycolic acid market has been segmented as follows:<br />
By Application<br />
• Medical<br />
• Packaging<br />
• Shale Gas Extraction<br />
• Others (Including Agriculture, Civil Engineering Resins, and Filters)<br />
By Region<br />
• North America<br />
• U.S.<br />
• Rest of North America<br />
Europe<br />
• Germany<br />
• U.K.<br />
• France<br />
• Italy<br />
• Spain<br />
• Rest of Europe<br />
Asia Pacific<br />
• China<br />
• Japan<br />
• ASEAN<br />
• Rest of APAC<br />
Latin America<br />
• Brazil<br />
• Rest of LATAM<br />
Middle East & Africa<br />
• GCC<br />
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• South Africa<br />
• Rest of MEA<br />
Browse Press Release : http://www.transparencymarketresearch.com/pressrelease/polyglycolic-acidmarket.htm<br />
TABLE OF CONTENT<br />
Chapter 1 Preface<br />
1.1 Research Description<br />
1.2 <strong>Market</strong> Segmentation<br />
1.2.1 Global <strong>Polyglycolic</strong> <strong>Acid</strong> <strong>Market</strong> Segmentation, by Application and Region<br />
1.3 Research Scope<br />
1.3.1 Assumptions<br />
1.4 Research Methodology<br />
1.4.1 Abbreviations<br />
Chapter 2 Executive Summary<br />
2.1 Global <strong>Polyglycolic</strong> <strong>Acid</strong> <strong>Market</strong>, 2014–2023 (Kilo Tons) (US$ Mn)<br />
Chapter 3 <strong>Polyglycolic</strong> <strong>Acid</strong> <strong>Market</strong> - Industry Analysis<br />
3.1 Introduction<br />
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3.2 Value Chain Analysis<br />
3.3 <strong>Market</strong> Drivers<br />
3.3.1 Growing <strong>Market</strong> for Absorbable Sutures Drives <strong>Market</strong> for PGA<br />
3.3.1.1 Global Absorbable Sutures <strong>Market</strong> Revenue, 2014–2023 (USD Mn)<br />
3.4 Restraints<br />
3.4.1 High Price of PGA Coupled with Lack of Customer Awareness Restrains the <strong>Market</strong><br />
3.5 Opportunity<br />
3.5.1 Shifting Preference Toward Plastic Packaging of Beverages Presents Lucrative Growth Opportunity<br />
for <strong>Polyglycolic</strong> <strong>Acid</strong> <strong>Market</strong><br />
3.5.2 Shale Gas and Oil Extraction is Expected to Provide Impetus to the PGA <strong>Market</strong> in the Medium Term<br />
3.6 Porter’s Five Forces Analysis<br />
3.6.1 Bargaining Power of Suppliers<br />
3.6.2 Bargaining Power of Buyers<br />
3.6.3 Threat of New Entrants<br />
3.6.4 Threat of Substitutes<br />
3.6.5 Degree of Competition<br />
3.7 Global <strong>Polyglycolic</strong> <strong>Acid</strong> <strong>Market</strong> - Attractiveness Analysis<br />
3.7.1 Global <strong>Polyglycolic</strong> <strong>Acid</strong> <strong>Market</strong> - Attractiveness Analysis, 2014<br />
3.8 Global <strong>Polyglycolic</strong> <strong>Acid</strong> <strong>Market</strong> - Company <strong>Market</strong> Share Analysis<br />
3.8.1 Global <strong>Polyglycolic</strong> <strong>Acid</strong> <strong>Market</strong>: Company <strong>Market</strong> Share Analysis, 2014 (%)<br />
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Chapter 4 <strong>Polyglycolic</strong> <strong>Acid</strong> <strong>Market</strong> – Raw Material & Price Analysis<br />
4.1 Raw Material Analysis: Manufacturing Process<br />
4.2 Raw Material Price Trends<br />
Chapter 5 <strong>Polyglycolic</strong> <strong>Acid</strong> <strong>Market</strong> – Application Analysis<br />
5.1 <strong>Polyglycolic</strong> <strong>Acid</strong> <strong>Market</strong>: Application Overview<br />
5.1.1 Global <strong>Polyglycolic</strong> <strong>Acid</strong> <strong>Market</strong> Volume Share, by Application, 2014 and 2023<br />
5.2 Medical Applications<br />
5.2.1 Global Demand for <strong>Polyglycolic</strong> <strong>Acid</strong> in Medical Applications, 2014–2023 (Tons) (US$ Mn)<br />
5.3 Packaging<br />
5.3.1 Global Demand for <strong>Polyglycolic</strong> <strong>Acid</strong> in Packaging, 2014–2023 (Tons) (US$ Mn)<br />
5.4 Shale Gas Extraction<br />
5.4.1 Global Demand for <strong>Polyglycolic</strong> <strong>Acid</strong> in Shale Gas Extraction, 2014–2023 (Tons) (US$ Mn)<br />
5.5 Others<br />
5.5.1 Global Demand for <strong>Polyglycolic</strong> <strong>Acid</strong> in Other Applications, 2014–2023 (Tons) (US$ Mn)<br />
Chapter 6 <strong>Polyglycolic</strong> <strong>Acid</strong> <strong>Market</strong> - Regional Analysis<br />
6.1 Global <strong>Polyglycolic</strong> <strong>Acid</strong> <strong>Market</strong>: Regional Overview<br />
6.1.1 Global <strong>Polyglycolic</strong> <strong>Acid</strong> <strong>Market</strong> Volume Share, by Region, 2014 and 2023<br />
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6.2 North America<br />
6.2.1 North America <strong>Polyglycolic</strong> <strong>Acid</strong> <strong>Market</strong> Volume, by Application, 2014–2023 (Tons)<br />
6.2.2 North America <strong>Polyglycolic</strong> <strong>Acid</strong> <strong>Market</strong> Revenue, by Application, 2014–2023 (US$ Mn)<br />
6.2.3 U.S.<br />
6.2.3.1 U.S. <strong>Polyglycolic</strong> <strong>Acid</strong> <strong>Market</strong> Volume, by Application, 2014–2023 (Tons)<br />
6.2.3.2 U.S. <strong>Polyglycolic</strong> <strong>Acid</strong> <strong>Market</strong> Revenue, by Application, 2014–2023 (US$ Mn)<br />
6.2.4 Rest of North America<br />
6.2.4.1 Rest of North America <strong>Polyglycolic</strong> <strong>Acid</strong> <strong>Market</strong> Volume, by Application, 2014–2023 (Tons)<br />
Mn)<br />
6.2.4.2 Rest of North America <strong>Polyglycolic</strong> <strong>Acid</strong> <strong>Market</strong> Revenue, by Application, 2014–2023 (US$<br />
6.3 Europe<br />
6.3.1 Europe <strong>Polyglycolic</strong> <strong>Acid</strong> <strong>Market</strong> Volume, by Application, 2014–2023 (Tons)<br />
6.3.2 Europe <strong>Polyglycolic</strong> <strong>Acid</strong> <strong>Market</strong> Revenue, by Application, 2014–2023 (US$ Mn)<br />
6.3.3 Germany<br />
6.3.3.1 Germany <strong>Polyglycolic</strong> <strong>Acid</strong> <strong>Market</strong> Volume, by Application, 2014–2023 (Kilo Grams)<br />
6.3.3.2 Germany <strong>Polyglycolic</strong> <strong>Acid</strong> <strong>Market</strong> Revenue, by Application, 2014–2023 (US$ Thousand)<br />
6.3.4 U.K.<br />
6.3.4.1 U.K. <strong>Polyglycolic</strong> <strong>Acid</strong> <strong>Market</strong> Volume, by Application, 2014–2023 (Kilo Grams)<br />
6.3.4.2 U.K. <strong>Polyglycolic</strong> <strong>Acid</strong> <strong>Market</strong> Revenue, by Application, 2014–2023 (US$ Thousand)<br />
6.3.5 France<br />
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6.3.5.1 France <strong>Polyglycolic</strong> <strong>Acid</strong> <strong>Market</strong> Volume, by Application, 2014–2023 (Kilo Grams)<br />
6.3.5.2 France <strong>Polyglycolic</strong> <strong>Acid</strong> <strong>Market</strong> Revenue, by Application, 2014–2023 (US$ Thousand)<br />
6.3.6 Spain<br />
6.3.6.1 Spain <strong>Polyglycolic</strong> <strong>Acid</strong> <strong>Market</strong>, Volume by Application, 2014–2023 (Kilo Grams)<br />
6.3.6.2 Spain <strong>Polyglycolic</strong> <strong>Acid</strong> <strong>Market</strong> Revenue, by Application, 2014–2023 (US$ Thousand)<br />
6.3.7 Italy<br />
6.3.7.1 Italy <strong>Polyglycolic</strong> <strong>Acid</strong> <strong>Market</strong> Volume, by Application, 2014–2023 (Kilo Grams)<br />
6.3.7.2 Italy <strong>Polyglycolic</strong> <strong>Acid</strong> <strong>Market</strong> Revenue, by Application, 2014–2023 (US$ Thousand)<br />
6.3.8 Rest of Europe<br />
6.3.8.1 Rest of Europe <strong>Polyglycolic</strong> <strong>Acid</strong> <strong>Market</strong> Volume, by Application, 2014–2023 (Kilo Grams)<br />
6.3.8.2 Rest of Europe <strong>Polyglycolic</strong> <strong>Acid</strong> <strong>Market</strong> Revenue, by Application, 2014–2023 (US$ Thousand)<br />
6.4 Asia Pacific<br />
6.4.1 Asia Pacific <strong>Polyglycolic</strong> <strong>Acid</strong> <strong>Market</strong> Volume, by Application, 2014–2023 (Kilo Grams)<br />
6.4.2 Asia Pacific <strong>Polyglycolic</strong> <strong>Acid</strong> <strong>Market</strong> Revenue, by Application, 2014–2023 (US$ Thousand)<br />
6.4.3 China<br />
6.4.3.1 China <strong>Polyglycolic</strong> <strong>Acid</strong> <strong>Market</strong> Volume, by Application, 2014–2023 (Kilo Grams)<br />
6.4.3.2 China <strong>Polyglycolic</strong> <strong>Acid</strong> <strong>Market</strong> Revenue, by Application, 2014–2023 (US$ Thousand)<br />
6.4.4 Japan<br />
6.4.4.1 Japan <strong>Polyglycolic</strong> <strong>Acid</strong> <strong>Market</strong> Volume, by Application, 2014–2023 (Kilo Grams)<br />
6.4.4.2 Japan <strong>Polyglycolic</strong> <strong>Acid</strong> <strong>Market</strong> Revenue, by Application, 2014–2023 (US$ Thousand)<br />
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6.4.5 ASEAN<br />
6.4.5.1 ASEAN <strong>Polyglycolic</strong> <strong>Acid</strong> <strong>Market</strong> Volume, by Application, 2014–2023 (Kilo Grams)<br />
6.4.5.2 ASEAN <strong>Polyglycolic</strong> <strong>Acid</strong> <strong>Market</strong> Revenue, by Application, 2014–2023 (US$ Thousand)<br />
6.4.6 Rest of Asia Pacific<br />
6.4.6.1 Rest of Asia Pacific <strong>Polyglycolic</strong> <strong>Acid</strong> <strong>Market</strong> Volume, by Application, 2014–2023 (Kilo Grams)<br />
Thousand)<br />
6.4.6.2 Rest of Asia Pacific <strong>Polyglycolic</strong> <strong>Acid</strong> <strong>Market</strong> Revenue, by Application, 2014–2023 (US$<br />
6.5 MEA<br />
6.5.1 MEA <strong>Polyglycolic</strong> <strong>Acid</strong> <strong>Market</strong> Volume, by Application, 2014–2023 (Kilo Grams)<br />
6.5.2 MEA <strong>Polyglycolic</strong> <strong>Acid</strong> <strong>Market</strong> Revenue, by Application, 2014–2023 (US$ Thousand)<br />
6.5.3 GCC<br />
6.5.3.1 GCC <strong>Polyglycolic</strong> <strong>Acid</strong> <strong>Market</strong> Volume, by Application, 2014–2023 (Kilo Grams)<br />
6.5.3.2 GCC <strong>Polyglycolic</strong> <strong>Acid</strong> <strong>Market</strong> Revenue, by Application, 2014–2023 (US$ Thousand)<br />
6.5.4 South Africa<br />
6.5.4.1 South Africa <strong>Polyglycolic</strong> <strong>Acid</strong> <strong>Market</strong> Volume, by Application, 2014–2023 (Kilo Grams)<br />
6.5.4.2 South Africa <strong>Polyglycolic</strong> <strong>Acid</strong> <strong>Market</strong> Revenue, by Application, 2014–2023 (US$ Thousand)<br />
6.5.5 Rest of MEA<br />
6.5.5.1 Rest of MEA <strong>Polyglycolic</strong> <strong>Acid</strong> <strong>Market</strong> Volume, by Application, 2014–2023 (Kilo Grams)<br />
6.5.5.2 Rest of MEA <strong>Polyglycolic</strong> <strong>Acid</strong> <strong>Market</strong> Revenue, by Application, 2014–2023 (US$ Thousand)<br />
6.6 Latin America<br />
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6.6.1 Latin America <strong>Polyglycolic</strong> <strong>Acid</strong> <strong>Market</strong> Volume, by Application, 2014–2023 (Kilo Grams)<br />
6.6.2 Latin America <strong>Polyglycolic</strong> <strong>Acid</strong> <strong>Market</strong> Revenue, by Application, 2014–2023 (US$ Thousand)<br />
6.6.3 Brazil<br />
6.6.3.1 Brazil <strong>Polyglycolic</strong> <strong>Acid</strong> <strong>Market</strong> Volume, by Application, 2014–2023 (Kilo Grams)<br />
6.6.3.2 Brazil <strong>Polyglycolic</strong> <strong>Acid</strong> <strong>Market</strong> Revenue, by Application, 2014–2023 (US$ Thousand)<br />
6.6.4 Rest of Latin America<br />
Grams)<br />
6.6.4.1 Rest of Latin America <strong>Polyglycolic</strong> <strong>Acid</strong> <strong>Market</strong> Volume, by Application, 2014–2023 (Kilo<br />
Thousand)<br />
6.6.4.2 Rest of Latin America <strong>Polyglycolic</strong> <strong>Acid</strong> <strong>Market</strong> Revenue, by Application, 2014–2023 (US$<br />
Chapter 7 Company Profiles<br />
7.1 Kureha PGA LLC<br />
7.2 Huizhou Foryou Medical Devices Co., Ltd.<br />
7.3 EI Du Pont De Nemours & Co.<br />
7.4 Teleflex, Inc.<br />
Chapter 8 Primary Findings<br />
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