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Polyglycolic Acid Market Share

Report ID: GMI2415
Published Date: Feb 2018
Report Format: PDF

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Polyglycolic Acid Market Share

The global polyglycolic acid industry was highly monopolistic in nature in 2016, with Kureha Corporation being the only industrial-scale manufacturer of the product. The company holds strong developmental strategies for expansion of its business beyond North America in the near future. While medical sutures are the prominent applications of product, Kureha aims development of new applications using its patented cost-effective techniques. Other PGA industry participants include:

Corbion N.V.
Polymtek
BMG Incorporated
Huizhou Foryou Medical Devices
Corbion & Evonik

are the top leading suppliers of PGA in bone graft substitute market.

Authors: Kiran Pulidindi

Frequently Asked Questions (FAQ) :

Owing to the increasing popularity of film form in the packaging industry as a coating material for PET bottles, the segment is projected to expand at nearly 8.5% CAGR through 2024.

With a CAGR of 8%, shale gas extraction is projected to be the fastest-growing sector for the global polyglycolic acid industry demand by 2024.

The global polyglycolic acid industry revenue was over USD 6 billion in 2016 and is anticipated to grow at a 4.7% rate through 2024.

North America led the overall polyglycolic acid industry share in 2016 with over 60% shares. The region is expected to witness 56% of the rise in natural gas production, propelling the upward development of shale gas, further influencing the market growth.