Polyglycolic Acid Market– Future Scope, Industry Trends and Forecast to 2027

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Polyglycolic Acid Market Future Scope, Industry
Trends and Forecast to 2027
Polyglycolic Acid Market By Form (Fiber, Film,
Others), End-Use Industry (Medical, Oil Gas,
Packaging, Others), Country (U.S., Canada,
Mexico, Brazil, Argentina, Rest of South America,
Germany, France, U.K., Netherlands, Switzerland,
Belgium, Russia, Italy, Spain, Turkey, Rest of
Europe, China, Japan, India, South Korea,
Singapore, Malaysia, Australia, Thailand,
Indonesia, Philippines, Rest of Asia Pacific,
Saudi Arabia, U.A.E, Israel, Egypt, South Africa,
Rest of Middle East and Africa), Industry Trends
and Forecast to 2027
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Report Description
Polyglycolic acid market is expected to reach USD
8.75 Billion by 2027 growing at a growth rate of
9.60 in the forecast period 2020 to 2027.
Increasing usage of polyglyconic acid in shale
gas extraction and growing awareness about their
flavor and odor barrier characteristics are the
factor for the market growth. Polyglycolic acid
is thermoplastic polymer which is usually
produced from glycolic acid monomers. It is
biodegradable in nature, and usually has high
tensile strength, and hydrolytic stability. It is
widely used in application such as packaging,
electronics, textiles, transport, and
other. Increasing demand for PGA in biomedical
and packaging industry will accelerate the growth
of the polyglycolic acid market. Increasing
application of absorbable sutures will further
create new opportunities for the polyglycolic
acid market in the forecast period of 2020-
2027.
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Major Key Players

• Some of the major players operating in this
  market are
• KUREHA CORPORATION
• Corbion
• BMG Incorporated
• Teleflex Incorporated
• Shenzhen Polymtek Biomaterial Co., Ltd.
• Unisur Lifecare Pvt. Ltd.
• KUREHA AMERICA, INC
• Merck KGaA
• Hitachi, Ltd.
• ORION SUTURES INDIA PVT LTD,

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Market Segmentation

• By Form (Fiber, Film, Others)
• By End-Use Industry (Medical, Oil Gas,
  Packaging, Others))

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Regional Analysis

• Based on geography, the market is segmented into
  five geographical regions
• North America
• Europe
• Asia-Pacific
• South America
• Middle East
• Africa

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