Transparency Market Research Polyglycolic Acid Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023 Published Date 30-Dec-2015 98 Page Report Buy Now Request Sample Press Release Growing Demand for Absorbable Sutures to Create Growth Opportunities for Polyglycolic Acid Market, reports TMR Transparency Market Research State Tower, 90, State Street, Suite 700. Albany, NY 12207 United States www.transparencymarketresearch.com sales@transparencymarketresearch.com Polyglycolic Acid Market REPORT DESCRIPTION Polyglycolic Acid Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 2023 The study presented here is based on a report by Transparency Market Research (TMR) titled “Polyglycolic Acid Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2023.” According to TMR, the opportunity in the polyglycolic acid market, worldwide, was worth US$181.7 mn in 2014 with a production volume of 1,690.0 tons. Expanding at a CAGR of 10.10% between 2015 and 2023, it is likely to reach US$424.5 mn by the end of the forecast period. North America led the demand for polyglycolic acid in 2014 with a share of nearly 72%. The region is expected to continue to lead throughout the forecast period with revenue reaching US$213.4 mn by 2023. Shale gas extraction is anticipated to remain the key application area of polyglycolic over the forthcoming years. Get FREE Sample Of This Report : http://www.transparencymarketresearch.com/sample/sample.php? flag=S&rep_id=7394 Polyglycolic Acid Experiences High Demand due to Rising Application of Absorbable Sutures “The demand for polyglycolic acid has received a strong push from the growing application of absorbable sutures over the last few years,” says an analyst at TMR. Before its widespread application in packaging and shale gas extraction, polyglycolic acid was mainly utilized in the production of absorbable sutures. As these sutures dissolve in the body as the wound heals, they do not need reopening of the body parts for their removal. This factor has increased the application of these sutures in the treatment of internal wounds, leading to a significant surge in demand for polyglycolic acid. High Cost of Polyglycolic Acid Could Limit its Application in Near Future Transparency Market Research 2 Polyglycolic Acid Market On the flip side, the high cost of polyglycolic acid is likely to limit its application considerably over the years to come. Traditionally, it was utilized in small portions for the production of absorbable sutures; however, shale gas extraction, packaging, and other application such as agriculture, filters, and civil engineering resins. Being a costly material, it is facing severe difficulty in its large-scale commercialization, which is creating a hindrance in its utilization across various application areas. Apart from this, the dearth of awareness among people regarding the usage of polyglycolic acid is also expected to hamper its demand in the near future. However, the increasing preference for plastic packaging for beverages is expected to present growth opportunities for polyglycolic acid producers across the world. North America to Remain Key Contributor in Revenue Generated by Polyglycolic Acid Globally With Kureha PGA LLC holding a market share of nearly 84%, the global market for polyglycolic acid demonstrated a highly concentrated and monopolistic competitive landscape in 2014, reports Transparency Market Research (TMR) in a recent study. Over the next few years, no significant change is expected in the current arrangement, owing to which the competition in the market is anticipated to remain low. Browse the Full Research Report : http://www.transparencymarketresearch.com/polyglycolic-acidmarket.html Kureha Corp., the only commercial-scale producer of polyglycolic acid utilized in non-medical applications, is likely to remain the key shareholder of this market between 2015 and 2023. However, other players, such as Teleflex Inc., EI Du Pont De Nemours & Co., and Huizhou Foryou Medical Devices Co. Ltd. may gain considerable momentum in medical and biomedical applications, states TMR. Key Takeaways • A total of 1,690.0 tons of polyglycolic acid were produced in 2014 • The opportunity in the polyglycolic acid market in North America will stand at US$213.4 mn by 2023 • Shale gas extraction is likely to remain the key consumer of polyglycolic acid between 2015 and 2023 Transparency Market Research 3 Polyglycolic Acid Market The polyglycolic acid market has been segmented as follows: By Application • Medical • Packaging • Shale Gas Extraction • Others (Including Agriculture, Civil Engineering Resins, and Filters) By Region • North America • U.S. • Rest of North America Europe • Germany • U.K. • France • Italy • Spain • Rest of Europe Asia Pacific • China • Japan • ASEAN • Rest of APAC Latin America • Brazil • Rest of LATAM Middle East & Africa • GCC Transparency Market Research 4 Polyglycolic Acid Market • South Africa • Rest of MEA Browse Press Release : http://www.transparencymarketresearch.com/pressrelease/polyglycolic-acidmarket.htm TABLE OF CONTENT Chapter 1 Preface 1.1 Research Description 1.2 Market Segmentation 1.2.1 Global Polyglycolic Acid Market Segmentation, by Application and Region 1.3 Research Scope 1.3.1 Assumptions 1.4 Research Methodology 1.4.1 Abbreviations Chapter 2 Executive Summary 2.1 Global Polyglycolic Acid Market, 2014–2023 (Kilo Tons) (US$ Mn) Chapter 3 Polyglycolic Acid Market - Industry Analysis 3.1 Introduction Transparency Market Research 5 Polyglycolic Acid Market 3.2 Value Chain Analysis 3.3 Market Drivers 3.3.1 Growing Market for Absorbable Sutures Drives Market for PGA 3.3.1.1 Global Absorbable Sutures Market Revenue, 2014–2023 (USD Mn) 3.4 Restraints 3.4.1 High Price of PGA Coupled with Lack of Customer Awareness Restrains the Market 3.5 Opportunity 3.5.1 Shifting Preference Toward Plastic Packaging of Beverages Presents Lucrative Growth Opportunity for Polyglycolic Acid Market 3.5.2 Shale Gas and Oil Extraction is Expected to Provide Impetus to the PGA Market in the Medium Term 3.6 Porter’s Five Forces Analysis 3.6.1 Bargaining Power of Suppliers 3.6.2 Bargaining Power of Buyers 3.6.3 Threat of New Entrants 3.6.4 Threat of Substitutes 3.6.5 Degree of Competition 3.7 Global Polyglycolic Acid Market - Attractiveness Analysis 3.7.1 Global Polyglycolic Acid Market - Attractiveness Analysis, 2014 3.8 Global Polyglycolic Acid Market - Company Market Share Analysis 3.8.1 Global Polyglycolic Acid Market: Company Market Share Analysis, 2014 (%) Transparency Market Research 6 Polyglycolic Acid Market Chapter 4 Polyglycolic Acid Market – Raw Material & Price Analysis 4.1 Raw Material Analysis: Manufacturing Process 4.2 Raw Material Price Trends Chapter 5 Polyglycolic Acid Market – Application Analysis 5.1 Polyglycolic Acid Market: Application Overview 5.1.1 Global Polyglycolic Acid Market Volume Share, by Application, 2014 and 2023 5.2 Medical Applications 5.2.1 Global Demand for Polyglycolic Acid in Medical Applications, 2014–2023 (Tons) (US$ Mn) 5.3 Packaging 5.3.1 Global Demand for Polyglycolic Acid in Packaging, 2014–2023 (Tons) (US$ Mn) 5.4 Shale Gas Extraction 5.4.1 Global Demand for Polyglycolic Acid in Shale Gas Extraction, 2014–2023 (Tons) (US$ Mn) 5.5 Others 5.5.1 Global Demand for Polyglycolic Acid in Other Applications, 2014–2023 (Tons) (US$ Mn) Chapter 6 Polyglycolic Acid Market - Regional Analysis 6.1 Global Polyglycolic Acid Market: Regional Overview 6.1.1 Global Polyglycolic Acid Market Volume Share, by Region, 2014 and 2023 Transparency Market Research 7 Polyglycolic Acid Market 6.2 North America 6.2.1 North America Polyglycolic Acid Market Volume, by Application, 2014–2023 (Tons) 6.2.2 North America Polyglycolic Acid Market Revenue, by Application, 2014–2023 (US$ Mn) 6.2.3 U.S. 6.2.3.1 U.S. Polyglycolic Acid Market Volume, by Application, 2014–2023 (Tons) 6.2.3.2 U.S. Polyglycolic Acid Market Revenue, by Application, 2014–2023 (US$ Mn) 6.2.4 Rest of North America 6.2.4.1 Rest of North America Polyglycolic Acid Market Volume, by Application, 2014–2023 (Tons) 6.2.4.2 Rest of North America Polyglycolic Acid Market Revenue, by Application, 2014–2023 (US$ Mn) 6.3 Europe 6.3.1 Europe Polyglycolic Acid Market Volume, by Application, 2014–2023 (Tons) 6.3.2 Europe Polyglycolic Acid Market Revenue, by Application, 2014–2023 (US$ Mn) 6.3.3 Germany 6.3.3.1 Germany Polyglycolic Acid Market Volume, by Application, 2014–2023 (Kilo Grams) 6.3.3.2 Germany Polyglycolic Acid Market Revenue, by Application, 2014–2023 (US$ Thousand) 6.3.4 U.K. 6.3.4.1 U.K. Polyglycolic Acid Market Volume, by Application, 2014–2023 (Kilo Grams) 6.3.4.2 U.K. Polyglycolic Acid Market Revenue, by Application, 2014–2023 (US$ Thousand) 6.3.5 France Transparency Market Research 8 Polyglycolic Acid Market 6.3.5.1 France Polyglycolic Acid Market Volume, by Application, 2014–2023 (Kilo Grams) 6.3.5.2 France Polyglycolic Acid Market Revenue, by Application, 2014–2023 (US$ Thousand) 6.3.6 Spain 6.3.6.1 Spain Polyglycolic Acid Market, Volume by Application, 2014–2023 (Kilo Grams) 6.3.6.2 Spain Polyglycolic Acid Market Revenue, by Application, 2014–2023 (US$ Thousand) 6.3.7 Italy 6.3.7.1 Italy Polyglycolic Acid Market Volume, by Application, 2014–2023 (Kilo Grams) 6.3.7.2 Italy Polyglycolic Acid Market Revenue, by Application, 2014–2023 (US$ Thousand) 6.3.8 Rest of Europe 6.3.8.1 Rest of Europe Polyglycolic Acid Market Volume, by Application, 2014–2023 (Kilo Grams) 6.3.8.2 Rest of Europe Polyglycolic Acid Market Revenue, by Application, 2014–2023 (US$ Thousand) 6.4 Asia Pacific 6.4.1 Asia Pacific Polyglycolic Acid Market Volume, by Application, 2014–2023 (Kilo Grams) 6.4.2 Asia Pacific Polyglycolic Acid Market Revenue, by Application, 2014–2023 (US$ Thousand) 6.4.3 China 6.4.3.1 China Polyglycolic Acid Market Volume, by Application, 2014–2023 (Kilo Grams) 6.4.3.2 China Polyglycolic Acid Market Revenue, by Application, 2014–2023 (US$ Thousand) 6.4.4 Japan 6.4.4.1 Japan Polyglycolic Acid Market Volume, by Application, 2014–2023 (Kilo Grams) 6.4.4.2 Japan Polyglycolic Acid Market Revenue, by Application, 2014–2023 (US$ Thousand) Transparency Market Research 9 Polyglycolic Acid Market 6.4.5 ASEAN 6.4.5.1 ASEAN Polyglycolic Acid Market Volume, by Application, 2014–2023 (Kilo Grams) 6.4.5.2 ASEAN Polyglycolic Acid Market Revenue, by Application, 2014–2023 (US$ Thousand) 6.4.6 Rest of Asia Pacific 6.4.6.1 Rest of Asia Pacific Polyglycolic Acid Market Volume, by Application, 2014–2023 (Kilo Grams) 6.4.6.2 Rest of Asia Pacific Polyglycolic Acid Market Revenue, by Application, 2014–2023 (US$ Thousand) 6.5 MEA 6.5.1 MEA Polyglycolic Acid Market Volume, by Application, 2014–2023 (Kilo Grams) 6.5.2 MEA Polyglycolic Acid Market Revenue, by Application, 2014–2023 (US$ Thousand) 6.5.3 GCC 6.5.3.1 GCC Polyglycolic Acid Market Volume, by Application, 2014–2023 (Kilo Grams) 6.5.3.2 GCC Polyglycolic Acid Market Revenue, by Application, 2014–2023 (US$ Thousand) 6.5.4 South Africa 6.5.4.1 South Africa Polyglycolic Acid Market Volume, by Application, 2014–2023 (Kilo Grams) 6.5.4.2 South Africa Polyglycolic Acid Market Revenue, by Application, 2014–2023 (US$ Thousand) 6.5.5 Rest of MEA 6.5.5.1 Rest of MEA Polyglycolic Acid Market Volume, by Application, 2014–2023 (Kilo Grams) 6.5.5.2 Rest of MEA Polyglycolic Acid Market Revenue, by Application, 2014–2023 (US$ Thousand) 6.6 Latin America Transparency Market Research 10 Polyglycolic Acid Market 6.6.1 Latin America Polyglycolic Acid Market Volume, by Application, 2014–2023 (Kilo Grams) 6.6.2 Latin America Polyglycolic Acid Market Revenue, by Application, 2014–2023 (US$ Thousand) 6.6.3 Brazil 6.6.3.1 Brazil Polyglycolic Acid Market Volume, by Application, 2014–2023 (Kilo Grams) 6.6.3.2 Brazil Polyglycolic Acid Market Revenue, by Application, 2014–2023 (US$ Thousand) 6.6.4 Rest of Latin America 6.6.4.1 Rest of Latin America Polyglycolic Acid Market Volume, by Application, 2014–2023 (Kilo Grams) 6.6.4.2 Rest of Latin America Polyglycolic Acid Market Revenue, by Application, 2014–2023 (US$ Thousand) Chapter 7 Company Profiles 7.1 Kureha PGA LLC 7.2 Huizhou Foryou Medical Devices Co., Ltd. 7.3 EI Du Pont De Nemours & Co. 7.4 Teleflex, Inc. Chapter 8 Primary Findings Browse All Chemical Market Research Reports: http://www.transparencymarketresearch.com/chemical-market-reports-2.html Transparency Market Research 11 Polyglycolic Acid Market About Us Transparency Market Research is a market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forwardlooking insight for thousands of decision makers. We are privileged with highly experienced team of Analysts, Researchers and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge. Contact Transparency Market Research 90 State Street, Suite 700, Albany NY - 12207 United States Tel: +1-518-618-1030 USA - Canada Toll Free 866-552-3453 Email: sales@transparencymarketresearch.com Website: http://www.transparencymarketresearch.com/ Linkedin : https://www.linkedin.com/today/author/430748012 Browse The Market Research Blog : http://globalresearchanalysis.blogspot.in/ Transparency Market Research 12
With Kureha PGA LLC holding a market share of nearly 84%, the global market for polyglycolic acid demonstrated a highly concentrated and monopolistic competitive landscape in 2014, reports Transparency Market Research (TMR) in a recent study. Over the next few years, no significant change is expected in the current arrangement, owing to which the competition in the market is anticipated to remain low.
© Copyright 2024 Paperzz
