Polyglycolic acid is a polymeric compound which is easily decomposable. It is a biobased compound which can be prepared by two major methods. Ring open polymerization and polycondensation of glycolic acid are two processes which prepare high molecular weight polymer and low molecular weight polymer. Along with medicinal and health care applications polyglycolic acid also finds application in oil and gas exploration.
Polyglycolic acid and its polymer properties also finds application in food packaging industry. On the basis of applications global polyglycolic acid market is segmented as packaging, shale gas extraction, medical and others (including agriculture, civil engineering resins, and filters). Growing demand for food worldwide is motivating the application of polyglycolic acid in packaging sector.
Healthcare and medical are prominent applications which empower the growth of global polyglycolic acid market. Technological advancement and research and development for newer applications of polyglycolic acid is expected to drive this market over the forecast. Increased use of polyglycolic acid based polymers in food packaging and exploration of shale gas is expected to open new opportunities for this market.
North America and Europe dominate this market. High economic stability and increased consumption of packaged food drives the global polyglycolic acid market in these regions Asia pacific is expected to show consistent growth over the forecast. Agricultural development and use of advance polymer technology in agriculture supports growth of this region. Key players in the global polyglycolic acid market are Kureha PGA, LLC, E. I. du Pont de Nemours and Company, Huizhou Foryou Medical Devices Co., Ltd., and Teleflex, Inc.
Decision Databases is involved in providing research reports and company profiles in the global polyglycolic acid market in terms of revenue and output/volume. Market drivers, opportunities and restraints are thoroughly studied which influences the market. This study is further utilized for the overall analysis of the market. The polyglycolic acid market is segmented based on the global applications, geographic presence, by products and ingredients. We offer an inclusive category-specific market outlook. We provide access to a comprehensive collection of companies in the industry. The companies can strategize and execute business operations through our competitor analysis. Find the global industry analysis, market size, share, growth, and trends information in our polyglycolic acid profiles.
SEGMENTATIONS IN REPORT:
Polyglycolic Acid By Application
1. INTRODUCTION TO THE POLYGLYCOLIC ACID MARKET
2. EXECUTIVE SUMMARY
3. MARKET ANALYSIS OF POLYGLYCOLIC ACID
4. POLYGLYCOLIC ACID MARKET ANALYSIS BY APPLICATION
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