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Polyglycolic Acid Market Share

  • Report ID: GMI2415
  • Published Date: Nov 2024
  • Report Format: PDF

Polyglycolic Acid Market Share

BMG Incorporated is a leader in the production of biodegradable medical devices and materials. They utilize polyglycolic acid (PGA) in the creation of resorbable sutures and other medical products due to its biocompatibility and ability to degrade over time within the body.
 

Corbion is a global supplier of sustainable biochemicals and biomaterials, including polymers such as polyglycolic acid (PGA). The company focuses on using PGA for biodegradable plastics and medical applications, leveraging its properties for controlled degradation in medical devices and sutures.
 

DuPont is a science and technology company involved in a wide range of industries, including advanced materials and biopolymers. DuPont explores PGA as a material for sustainable applications, particularly in the medical and packaging sectors, due to its eco-friendly biodegradability and mechanical properties.
 

Ethicon is renowned for its surgical products, particularly sutures. They use polyglycolic acid in the production of resorbable sutures that provide strength during healing and gradually degrade as the wound heals, minimizing the need for removal. Evonik is a global leader in specialty chemicals, offering a range of high-performance materials. The company produces polyglycolic acid (PGA) and its copolymers, which are essential for creating biodegradable medical devices, surgical sutures, and drug delivery systems, thanks to their excellent biocompatibility and controlled degradation rates.
 

Polyglycolic Acid Market Companies

Major players operating in the polyglycolic acid industry are: 

  • BMG Incorporated
  • Corbion
  • DuPont
  • Ethicon
  • Evonik
  • Huizhou Foryou Medical Devices
  • Kureha
  • Shenzhen Polymtek Biomaterial
  • Teleflex
  • Others
Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The global market size for polyglycolic acid was valued at USD 9.1 billion in 2024 and is projected to reach USD 14.3 billion by 2034, driven by a CAGR of over 4.5% from 2025 to 2034.

Medical applications held a dominant market share of 90.4% in 2024, driven by PGAs high biocompatibility and biodegradability.

The U.S. market was valued at USD 5.6 billion in 2024, driven by increasing demand from the medical and oil & gas industries.

Major players in the industry include BMG Incorporated, Corbion, DuPont, Ethicon, Evonik, Huizhou Foryou Medical Devices, Kureha, Shenzhen Polymtek Biomaterial, and Teleflex.

Polyglycolic Acid Market Scope

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Premium Report Details

  • Base Year: 2024
  • Companies covered: 9
  • Tables & Figures: 240
  • Countries covered: 18
  • Pages: 205
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