Global Polyglycolic Acid Market - 2021-2028
|出版日期||內容資訊||英文 180 Pages
|Polyglycolic酸的全球市場(2021年∼2028年) Global Polyglycolic Acid Market - 2021-2028|
|出版日期: 2021年07月30日||內容資訊: 英文 180 Pages||
Polyglycolic Acid Market Overview
The global polyglycolic acid market size was worth US$ XX million in 2020 and is estimated to reach US$ XX million by 2028, growing at a CAGR of XX % during the forecast period (2021-2028).
Polyglycolic acid is an aliphatic polyester derived from fossil fuel resources. It is a biodegradable polymer that has high mechanical strength and high gas barrier properties. Moreover, it also has excellent short-term stability in ambient conditions, and it is known to biodegrade within approximately 12 months.
The unique properties of polyglycolic acid have led to global market development in various fields, including industrial processes and shale oil and gas extraction. Polyglycolic acid has been used as pore-forming age. Its commercial grades, such as Kuredux® of Kureha Corp. and TLF-6267 PGA of DuPont Specialty Chemicals, have also been used for fracturing and sealing oil and gas wells.
The use of polyglycolic acid has also been proposed in shale gas and oil exploration because it can supply ultra-strong and biodegradable materials.
Polyglycolic Acid Market Dynamics
Increasing demand of biodegradable bioplastics is expected to drive the polyglycolic acid market
The concerns about accumulating plastic waste pollution have stimulated the rapid development of bioplastics, particularly biodegradable bioplastics derived from renewable resources. As per Bioplastics Market Data 2018, driven by a low carbon circular economy, production is estimated to reach a 40% share of the plastics market by 2030. It is expected to substitute petrochemical-based plastics in many applications, including food packaging, pharmaceuticals, electronics, agriculture and textiles.
Meanwhile, Polyglycolic acid is rapidly biodegradable and 100% compostable; it is showing a similar biodegradation profile to cellulose. It also has excellent short-term stability in ambient conditions, and it is known to biodegrade within approximately 12 months.
Huge costs of production are expected to hinder the polyglycolic market over the forecast period
Compared to traditional petroleum-based plastics, polyglycolic acid is more expensive and usually has less mechanical and physical properties. It has only been produced in small quantities as a costly, high value-added product because no technology has existed to permit inexpensive mass production.
Polyglycolic Acid Market Segment Analysis
Based on form, polyglycolic acid market is segmented into fiber, film and others.
Fiber form is estimated to dominate the polyglycolic acid market during the forecast period.
Fiber form dominates the polyglycolic acid market. The fibrous type of polyglycolic acid is significantly acquired through ring-opening polymerization of the cyclic dimers of glycolic corrosive.
The current interest for fiber type of polyglycolic acid is significantly upheld by its immense utilization in the clinical business in the arrangement of absorbable careful stitches. Careful stitch comprised of polyglycolic corrosive is generally utilized for surgeries and helpful therapies in the field of ophthalmic, gynecological and obstetric, muscular, urological and different branches of the clinical business.
Polyglycolic Acid Market Geographical Analysis
North America is projected to be the largest polyglycolic acid market.
North America is projected to be the largest polyglycolic acid market over the forecast period. US, Mexico and Canada are the significant markets for polyglycolic acid in the region, with the US being the largest.
The presence of a significant old age population and an increase in the number of cardiac, hysterectomy and orthopaedic surgeries in the region is expected to drive the demand for polyglycolic acid in North America. The increasing medical tourism in a significant part of the area will further support the polyglycolic acid market growth.
Polyglycolic Acid Market Competitive Landscape
The polyglycolic acid market is moderately competitive with presence of local as well as global companies. Some of the key players which are contributing to the growth of the market include Kureha Corporation, Corbion, Shenzhen Polymtek Biomaterial Co, Ltd., BMG Incorporated, Huizhou Foryou Medical Devices Co., Ltd., Teleflex Incorporated, Unilene, The Chemours Company, Merck KGaA, Boen Healthcare Co., Ltd. among others. The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, which are contributing to the growth of the polyglycolic acid market globally.
Overview: Kureha Corporation is a Japanese chemical products manufacturer. The company is headquartered in Tokyo, Japan. The company also has a business outline of manufacturing and sales of functional materials and plastics.
Product Portfolio: The company offers a product called Kuredux in its polyglycolic acid segment. It provides advanced characteristics including, high strength and biodegradability.
The global polyglycolic acid market report would provide an access to an approx. 53 market data table, 41 figures and 228 pages.
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