Glycolide Polymers Market: An overview
Glycolide Polymers also are known as Poly (glycolide) or PGA, comes under the family of biodegradable polymers. Glycolide polymers are highly crystalline polymers having a cross structure of crystalline nature. Owing to their high tensile strength, hydrolytic stability, Glycolide polymers have excellent knotting ability and tissue reactivity. Glycolide polymers are widely accepted as surgical suture material in tissue engineering and biomedical applications. Besides glycolide polymers have also been used in high end food packaging application. Other application that have picked prominence in last few years lies in oil & gas industry. Owing to bundled application of glycolide polymers across several end use industry, global glycolide polymers market is expected to witness significant growth at a CAGR of higher single digit throughout the forecast period.
Glycolide Polymers Market: Dynamics
With recent COVID 19 outbreak hitting hard worldwide, all the investment associated with healthcare commodities has gained prominence. Similar is the case witness for glycolide polymer, which are used in critical health related application such as tissue engineering and nano-immunotherapy. Thus rapid upsurge in medical device industry due to a significant rise in healthcare expenditure coupled with growing geriatric population is forecast to amplify consumption of commodities such as glycolide polymer.
Furthermore, growth in global glycolide polymer market is compelled by the snowballing use of frac balls and frac plugs in oil and gas extraction activities. This activity is particularly well known in the US. Frac plugs made from glycolide polymer are being progressively utilized instead of metal plugs as they have a lower operating cost and these plugs need not be recovered from wellbores after being used, which is why these are mostly preferred over metals plugs.
Segmentation analysis of Glycolide Polymers Market:
The global Glycolide Polymers market is bifurcated into three segments: form, application, and region.
On the basis of form, Glycolide Polymers market has been segmented as follows:
On the basis of application, Glycolide Polymers market has been segmented as follows:
- Tissue Engineering
- Drug Delivery System
- 3D gel printing or bio printing
- Food packaging
- Barrier films
- Oil Drilling
On the basis of geographic regions, Glycolide Polymers market is segmented as
- North America
- Latin America
- East Asia
- South Asia
- Middle East & Africa
Glycolide Polymers Market: Regional Outlook
From regional perspective, North America is estimated to dominate demand pie in global glycolide polymers market. Of which glycolide polymers market in the United States will generate up to 90% of total revenue in the region. High consumption of glycolide polymers in US can be attributed to the rapid upsurge in shale gas extraction. In addition, United States also dominates in manufacturing of medical devices and equipment. Country also has high per capita expenditure on healthcare activities, all these activities in combination make US as a significant growth opportunity for glycolide polymers market. Furthermore, market in Europe will be witnessing high growth owing to a rise in expenditure in healthcare activities. Recent COVID 19 incidence has hit the region hard, so most of European countries have severely boosted consumption of medicines and all health related commodities. Such increment in healthcare investment is expected to bolster demand growth of glycolide polymers market.
When it comes to oil & gas industry, Middle East ranks first, glycolide polymers which have been used in shale gas extraction crude oil drilling will thus witness a steady rise in demand in this region too.
Glycolide Polymers Market: Key Players
Glycolide polymers have been one of the critical research topics worldwide. Key players in Glycolide polymers market are investing in expensive research and development technologies to further stretch scope of application of glycolide polymers and developing new production techniques. Some of key players involved in glycolide polymers business includes are KUREHA CORPORATION, BMG Incorporated, Teleflex Inc., Huizhou Foryou Medical Devices Co., Ltd, Shenzhen Polymtek Biomaterial Co., Ltd and Corbion N.V. With innovation and technology add to existing glycolide polymers product portfolio, these players are eying to enhance their market reach in both developed and untapped economies.
The research report presents a comprehensive assessment of the Glycolide Polymers market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies.
The Glycolide Polymers Market Report Covers Exhaustive Analysis On:
- Market Segments
- Market Dynamics (Driver, Restraints, Opportunities and Trends)
- Market Size & Demand (US$ Mn & Tons)
- Current Trends / Issues / Challenges
- Competition & Companies involved (Tier wise Structure)
- Technology & Recent Development
- Value Chain & Supply Chain Analysis
The Glycolide Polymers Market Regional Analysis Includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Argentina, Chile, Peru, & Rest of Latin America)
- Western Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic)
- Eastern Europe (Russia, Poland & CIS)
- East Asia (China, Japan, South Korea)
- South Asia (India, Malaysia, Indonesia, Thailand & Rest of South Asia)
- Oceania (Australia & New Zealand)
- Middle East & Africa (GCC Countries, South Africa, Northern Africa, Turkey & Rest of MEA)
The Glycolide Polymers report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain. The Glycolide Polymers report provides an in-depth analysis of parent market trends, macroeconomic indicators, and governing factors along with market attractiveness as per segments. The Glycolide Polymers report also maps the qualitative impact of various market factors on market segments and geographies.
The Glycolide Polymers Market Report Highlights:
- A Detailed overview of the parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company
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