Polyglycolic Acid Market Analysis

End User (Medical, Oil & Gas, Packaging, Agriculture)

The medical end-user segment is expected to acquire around 40% polyglycolic acid market share in the year 2036. Rising cases of road accidents are significantly the demand for medical sutures. Every year, around 1.3 million people lose their lives due to a traffic accident.

Poly glycolic acid sutures are a biodegradable polymer that makes it safe for securing the open wound, and it eliminates the need for suture removal by getting dissolved in the body over the period. Other than this, PGA is also used in the medical sector in developing drug delivery systems, especially for sustained drug release.

Form (Fibers, Films)

Fibers form segment is set to gain the largest market share of about 60% till 2036. The fiber form of PGA has great mechanical properties, such as high retardancy to abrasion, tensile strength, and modulus.

The growth of the segment is supported by its high utilization in various industries, such as textiles, geotextiles, medical sutures, composites, and others. Apart from this, polyglycolic acid fibers can be combined with other materials to create great composite materials for automotive, aerospace, and sports equipment.

Our in-depth analysis of the global market includes the following segments:

Form	Fibers Films
End User	Medical Oil & Gas Packaging Agriculture

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of polyglycolic acid is evaluated at USD 4.8 Billion.

The polyglycolic acid market size was over USD 4.4 Billion in 2023 and is poised to cross USD 15.37 Billion by 2036, witnessing more than 10.1% CAGR during the forecast period i.e., between 2024-2036. Increasing demand for sustainable packaging, 3d printing, and medical sutures are the major factors driving the market growth.

North America industry is projected to dominate 37% revenue share by 2036, as growing cases of cardiac surgery and other surgeries are increasing the need for sutures and better drug delivery systems.

Kureha Corporation, Corbion NV, Shenzhen Polymtek Biomaterial Co. Ltd., BMG Incorporated, HuizhoForyou Medical Devices Co., Ltd., Teleflex Incorporated, Du Pont de Nemours, Inc., Foster Group, Inc., Samyang Holdings Biopharma Group, Ethicon Inc.

Polyglycolic Acid Market Analysis