Asia-Pacific Polyglycolic Acid Market Introduction and Overview
According to SPER Market Research, Asia-Pacific Polyglycolic Acid Market is estimated to reach USD XX billion by 2033 with a CAGR of 10.75%.
The report includes an in-depth analysis of Asia-Pacific Polyglycolic Acid Market, including market size and trends, product mix, applications, and supplier analysis. Polyglycolide or poly (glycolic acid) (PGA), likewise spelled as polyglycolic acid is a biodegradable, semi-crystalline thermoplastic. It is additionally the simplest straight, aliphatic polyester. PGA gums are known for their superb gas hindrance properties, relatively high strength, and brilliant biodegradability. A few grades have a biodegradation rate like cellulose and decay under treating the soil conditions into CO2 and water in one month or less. PGA and its copolymers, like, poly (lactic-co-glycolic acid), and poly (glycolide-co-caprolactone) are utilized in various applications. Because of PGA's extremely low penetrability to O2 and CO2, it very well may be utilized as a bundling film for oxygen-delicate items, for instance as an interlayer between two polyester films. Other significant applications incorporate shale gas extraction and other modern cycles as well as engineered quick absorbable stitches for inside medical procedures.
- January 2024: The National Mission on Sustainable Packaging Solution's presentation was declared by the Council of Scientific and Industrial Research (CSIR). The mission expects to foster answers for manageable packaging.
- October 2022: BASF announced to build Neopentyl Glycol plant at Zhanjiang Verbund site in China with an annual production capacity of 80,000 metric tons.
- September 2022: BASF offered neopentyl glycol and propionic acid with product carbon footprint of zero.
Market Opportunities and Challenges
Opportunities- As a significant source of oil and gas investment, the Asia Pacific is progressively forming into the worldwide spotlight for the up-and-coming age of flammable gas opportunities. Industrialization and urbanization in Asian nations particularly, China and India have placed a ton of strain on energy utilization in this manner speeding up the expectation for thorough investigation and creation. The oil and gas industry is progressively starting to see the value in PGA in light of its remarkable elements which incorporate; high strength, extraordinary compound opposition, or more all, biodegradable nature. These characteristics put PGA into a superior standing contrasted with different materials concerning its applications in downhole tasks where the adjustment of mechanical properties is expected with the capacity to crumble on order after conveying the planned capability.
Challenges- The presence of other biodegradable polymers, like, polylactic acid, polycaprolactone, and polyhydroxyalkanoates, are presenting difficulties to the polyglycolic acid (PGA) market. At times, these materials offer equivalent or unrivalled properties, consequently being reasonable PGA substitutes. The low creation cost of a portion of these substitute materials to PGA makes them all the more monetarily suitable for producers. Cost-delicate enterprises, particularly in creating districts, favour such less expensive options in contrast to PGA, which restrains market development. Other biodegradable polymers with extraordinary properties are more qualified for explicit applications. PCL is liked in those clinical fields where the corruption time frame is longer, as PGA will in general debase quicker. The differed reasonableness of these options gives a test to the development of the APAC Polyglycolic Acid Market.
Market Competitive Landscape
Asia-Pacific Polyglycolic Acid Market is a highly competitive arena due to the presence of multiple global and regional companies in the competitive environment. Leading companies in the industry are BMG Incorporated, Haihang Industry Co, Huizhou Foryou Medical Devices Co, Kureha Corporation, Merck KGaA, Orion Sutures India Pvt Ltd, Polysciences and Others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Form, By End User.
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| Regions covered | Australia, China, Indonesia, India, Malaysia, Philippines, South Korea, Thailand, Japan, Singapore, and the Rest of Asia-Pacific.
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| Companies Covered | BMG Incorporated, Haihang Industry Co, Huizhou Foryou Medical Devices Co, Kureha Corporation, Merck KGaA, Orion Sutures India Pvt Ltd, Polysciences.
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COVID-19 Impact on Asia-Pacific Polyglycolic Acid Market
The COVID-19 pandemic adversely affected the Polyglycolic Acid market, affecting every other area and business. Due to the pandemic, fabricating tasks ground to a halt, and requests likewise fell. Be that as it may, the economy has been quickly acclimating to the evolving situation. To resolve the issue, government authorities and applicable specialists prescribed imaginative answers to guarantee that the extension of the Polyglycolic Acid industry was kept up. Critical corporate entertainers and state-run administrations have utilized inventive methodologies and key drives to help the market.
Key Target Audience:
- Medical Device Manufacturers
- Pharmaceutical Companies
- Biotechnology Firms
- Research Institutions
- Agricultural Sector
- Packaging Industry
Our in-depth analysis of the Asia-Pacific Polyglycolic Acid Market includes the following segments:
| By Form: | FibresFilmsOthers |
| By End User: | MedicalOil & GasPackagingOthers |
Key Topics Covered in the Report:
- Asia-Pacific Polyglycolic Acid Market Size (FY’2024-FY’2033)
- Overview of Asia-Pacific Polyglycolic Acid Market
- Segmentation of Asia-Pacific Polyglycolic Acid Market By Form (Fibres, Films and others)
- Segmentation of Asia-Pacific Polyglycolic Acid Market By End User (Medical, Oil & Gas, Packaging and others)
- Statistical Snap of Asia-Pacific Polyglycolic Acid Market
- Expansion Analysis of Asia-Pacific Polyglycolic Acid Market
- Problems and Obstacles in Asia-Pacific Polyglycolic Acid Market
- Competitive Landscape in Asia-Pacific Polyglycolic Acid Market
- Impact of COVID-19 and Demonetization on Asia-Pacific Polyglycolic Acid Market
- Details on Current Investment in Asia-Pacific Polyglycolic Acid Market
- Competitive Analysis of Asia-Pacific Polyglycolic Acid Market
- Prominent Players in Asia-Pacific Polyglycolic Acid Market
- SWOT Analysis of Asia-Pacific Polyglycolic Acid Market
- Asia-Pacific Polyglycolic Acid Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPERs internal database
2.1.4. Premium insight from KOLs
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Asia-Pacific Polyglycolic Acid Market.
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTERs Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Asia-Pacific Polyglycolic Acid Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Asia-Pacific Polyglycolic Acid Market
7. Asia-Pacific Polyglycolic Acid Market, By Form (USD Million) 2020-2033
7.1. Asia-Pacific Polyglycolic Acid Market Size, Share and Forecast, By Form, 2020-2026
7.2. Asia-Pacific Polyglycolic Acid Market Size, Share and Forecast, By Form, 2027-2033
7.3. Fibres
7.4. Films
7.5. Others
8. Asia-Pacific Polyglycolic Acid Market, By End User (USD Million) 2020-2033
8.1. Asia-Pacific Polyglycolic Acid Market Size, Share and Forecast, By End User, 2020-2026
8.2. Asia-Pacific Polyglycolic Acid Market Size, Share and Forecast, By End User, 2027-2033
8.3. Medical
8.4. Oil & Gas
8.5. Packaging
8.6. Others
9. Asia-Pacific Polyglycolic Acid Market Forecast, 2020-2033 (USD Million)
9.1. Asia-Pacific Polyglycolic Acid Market Size and Market Share
10. Asia-Pacific Polyglycolic Acid Market, By Region, 2020-2033 (USD Million)
10.1. Asia-Pacific Polyglycolic Acid Market Size and Market Share By Region (2020-2026)
10.2. Asia-Pacific Polyglycolic Acid Market Size and Market Share By Region (2027-2033)
10.3. Australia
10.4. China
10.5. Indonesia
10.6. India
10.7. Malaysia
10.8. Philippines
10.9. South Korea
10.10. Thailand
10.11. Japan
10.12. Singapore
10.13. Rest of Asia-Pacific
11. Company Profile
11.1. BMG Incorporated
11.1.1. Company details
11.1.2. Financial outlook
11.1.3. Product summary
11.1.4. Recent developments
11.2. Haihang Industry Co
11.2.1. Company details
11.2.2. Financial outlook
11.2.3. Product summary
11.2.4. Recent developments
11.3. Huizhou Foryou Medical Devices Co
11.3.1. Company details
11.3.2. Financial outlook
11.3.3. Product summary
11.3.4. Recent developments
11.4. Kureha Corporation
11.4.1. Company details
11.4.2. Financial outlook
11.4.3. Product summary
11.4.4. Recent developments
11.5. Merck KGaA
11.5.1. Company details
11.5.2. Financial outlook
11.5.3. Product summary
11.5.4. Recent developments
11.6. Orion Sutures India Pvt Ltd
11.6.1. Company details
11.6.2. Financial outlook
11.6.3. Product summary
11.6.4. Recent developments
11.7. Polysciences
11.7.1. Company details
11.7.2. Financial outlook
11.7.3. Product summary
11.7.4. Recent developments
11.8. Others
12. Conclusion
13. List of Abbreviations
14. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
