Shale gas extraction segment is expected to dominate the Polyglycolic Acid Market in the forthcoming years.
According to MarketIntelReports' “World Polyglycolic Acid Market Research Report 2021(covering USA, Europe , South East Asia, China, India and etc )”:
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Polyglycolic acid is described as biodegradable polymer and the simplest polyester. It can be prepared by the polycondensation of glycolic acid.
It is also a tough fiber forming polymer. Growing use of absorbable sutures drives the growth of the Polyglycolic Acid Market.
These sutures dissolve in the body and the body parts don’t have to be opened for their removal.
Glycolic acid polymer is also applied in shale gas extraction which provides excellent opportunities for the market. Drug delivery, tissue engineering, and manufacture of implantable medical devices benefit the market a lot.
Scope & Regional Forecast of the Polyglycolic Acid Market
Growing applications like agriculture, civil engineering resins, and filters drive the growth of the Polyglycolic Acid Market. Shale gas had a major share of glycolic acid in 2014.
North America dominates the market.
Packaging and medical applications propel the growth of polyglycolic acid suture material during the forecast period. But the high price of polyglycolic acid and lack of awareness among the consumers inhibit the market growth.
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Shale gas extraction will be the leading consumer of poly glycolide. The reason for the softness of polyglycolic acid can be attributed to the presence of N-Laurine and L-lysine.
Hence, the plga sutures are naturally degraded in the body by hydrolysis. This is beneficial for the elderly anaemic patients.
They have a smooth passage through the tissues.
Pga polymer is also useful in biomedical fields and even tissue engineering. Tissue engineering scaffolds are produced with polyglycolide.
Kureha Chemical Industries has made polyglycolide applicable for food packaging.
Segmentations & Key Players Involved in the Polyglycolic Acid Market
The Polyglycolic Acid Market can be broken down into various segments as follows:
- Product- Industrial Grade and Medical grade.
- Application- Medical Industry, Oil and gas Industry, Packing Industry, and Other.
- Region- USA, Europe, South East Asia, China, and India.
Some of the key players involved in the Polyglycolic Acid Market are as follows:
- Samyang Biopharm(KR)
- Bank Valley(CN)
- Huizhou Foryou Medical Device(CN)
- Shenzhen Boli Biological Materials(CN)
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