Polyglycolic Acid Market Trends

Growth Drivers

• Growing Demand for PGA Sutures – Polyglycolic acid sutures are synthetic surgical sutures and have high great absorbent power. Moreover, they are much better than collagen-absorbable sutures and have greater flexibility and strength, and have a lower reaction with open tissues.

• Rising Expansion of the Oil & Gas Industry – During the well-stimulation operation, polyglycolic acid is used as a component in fracturing fluids. It reduced the amount of pressure to the required levels that are used to inject fluid into the oil well.

• Increasing Consumption of Packaged Bottles – Globally humans use over 1 million plastic bottles every minute. PGA is a high-quality polyester resin; they are usually combined with polyethylene terephthalate (PET) to produce high-quality with great performance films and bottles. It increases the shelf life which makes the process of distribution and supply of liquids more efficient.

Challenges

• High Cost of Production will Hamper the Polyglycolic Acid Market Growth – So far, there are no manufacturing techniques available in the market, that can make the production of polyglycolic acid cost-effective. Therefore, the large-scale production of polyglycolic acid becomes unfeasible and it directly affects the scalability of the industry. Moreover, PGA is produced by the process of ring-opening polymerization, which requires carefully controlled temperature, pressure, and catalyst concentration, which further makes the scaling even more challenging.

• Low awareness of its benefits

• High rate of degradation