The Latin America, Middle East and Africa Polyglycolic Acid Market would witness market growth of 12.0% CAGR during the forecast period (2024-2031). In the year 2027, the LAMEA market's volume is expected to surge to 5,641.9 tonnes, showcasing a growth of 9.6% (2024-2031).
The Packaging end-user industry is witnessing a significant shift towards sustainability, driving the adoption of Polyglycolic Acid (PGA) as a key material in eco-friendly packaging solutions. PGA's properties, including biodegradability, high barrier performance, and versatility, make it an attractive choice for a wide range of packaging applications. Hence, the Brazil market would utilize 491.2 tonnes of Polyglycolic Acid in Packaging end-user industry by 2031.
The Brazil market dominated the LAMEA Polyglycolic Acid Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $237.9 million by 2031. The Argentina market is capturing a CAGR of 13.2% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 11.6% during (2024 - 2031).
Integrating polyglycolic acid into composite materials and hybrid structures opens new avenues for its use in the automotive, aerospace, and construction sectors. By combining PGA with other materials, such as carbon fibers or biopolymers, manufacturers can tailor the properties of composites to meet specific performance requirements while leveraging PGA's biodegradability and sustainability benefits. Manufacturers can save weight by incorporating PGA into composite materials while maintaining structural integrity and performance.
Researchers and manufacturers are also continuously exploring methods to enhance PGA's mechanical properties, such as tensile strength, modulus, and toughness. This includes the development of novel polymer blends, copolymerization techniques, and fiber reinforcement strategies to improve PGA's performance in demanding applications. By optimizing polymer composition and processing parameters, innovators aim to produce PGA materials with superior mechanical characteristics, making them suitable for a wider range of industrial applications, including structural components, textiles, and composites.
With the expansion of hospitals, clinics, and healthcare facilities in the UAE, there is a rising demand for medical devices and materials used in surgeries and treatments. PGA's biodegradable and biocompatible properties make it an ideal material for absorbable sutures and implants used in various surgical procedures. As healthcare providers prioritize patient care and recovery, the demand for PGA-based medical products is expected to grow.
As per the report titled Investing in Healthcare in UAE, published by the UAE Ministry of Economy, by 2023, the healthcare sector in the Middle East and North Africa was projected to have grown from $144 billion in 2020 to $243 billion, with Dubai's healthcare sector serving as a pivotal contributor to this expansion. Therefore, with the expansion of the healthcare sector in LAMEA, there will be an enhanced demand for polyglycolic acid in the region.
Based on Form, the market is segmented into Fibers, Films and Others. Based on End User, the market is segmented into Medical, Oil & Gas, Packaging, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The Packaging end-user industry is witnessing a significant shift towards sustainability, driving the adoption of Polyglycolic Acid (PGA) as a key material in eco-friendly packaging solutions. PGA's properties, including biodegradability, high barrier performance, and versatility, make it an attractive choice for a wide range of packaging applications. Hence, the Brazil market would utilize 491.2 tonnes of Polyglycolic Acid in Packaging end-user industry by 2031.
The Brazil market dominated the LAMEA Polyglycolic Acid Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $237.9 million by 2031. The Argentina market is capturing a CAGR of 13.2% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 11.6% during (2024 - 2031).
Integrating polyglycolic acid into composite materials and hybrid structures opens new avenues for its use in the automotive, aerospace, and construction sectors. By combining PGA with other materials, such as carbon fibers or biopolymers, manufacturers can tailor the properties of composites to meet specific performance requirements while leveraging PGA's biodegradability and sustainability benefits. Manufacturers can save weight by incorporating PGA into composite materials while maintaining structural integrity and performance.
Researchers and manufacturers are also continuously exploring methods to enhance PGA's mechanical properties, such as tensile strength, modulus, and toughness. This includes the development of novel polymer blends, copolymerization techniques, and fiber reinforcement strategies to improve PGA's performance in demanding applications. By optimizing polymer composition and processing parameters, innovators aim to produce PGA materials with superior mechanical characteristics, making them suitable for a wider range of industrial applications, including structural components, textiles, and composites.
With the expansion of hospitals, clinics, and healthcare facilities in the UAE, there is a rising demand for medical devices and materials used in surgeries and treatments. PGA's biodegradable and biocompatible properties make it an ideal material for absorbable sutures and implants used in various surgical procedures. As healthcare providers prioritize patient care and recovery, the demand for PGA-based medical products is expected to grow.
As per the report titled Investing in Healthcare in UAE, published by the UAE Ministry of Economy, by 2023, the healthcare sector in the Middle East and North Africa was projected to have grown from $144 billion in 2020 to $243 billion, with Dubai's healthcare sector serving as a pivotal contributor to this expansion. Therefore, with the expansion of the healthcare sector in LAMEA, there will be an enhanced demand for polyglycolic acid in the region.
Based on Form, the market is segmented into Fibers, Films and Others. Based on End User, the market is segmented into Medical, Oil & Gas, Packaging, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
List of Key Companies Profiled
- BMG Incorporated
- Huizhou Foryou Medical Devices Co., Ltd. (GL Capital Group)
- Unisur Lifecare Pvt Ltd
- Orion Sutures India Pvt Ltd
- Kureha Corporation
- Shenzhen Polymtek Biomaterial Co., Ltd
- Haihang Industry Co., Ltd. (Haihang Group)
- Polysciences, Inc.
- Teleflex Incorporated
- Merck KGaA
Market Report Segmentation
By Form (Volume, Tonnes, USD Billion, 2020-2031)- Fibers
- Films
- Others
- Medical
- Oil & Gas
- Packaging
- Others
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. LAMEA Polyglycolic Acid Market by Form
Chapter 5. LAMEA Polyglycolic Acid Market by End-user
Chapter 6. LAMEA Polyglycolic Acid Market by Country
Chapter 7. Company Profiles
Companies Mentioned
- BMG Incorporated
- Huizhou Foryou Medical Devices Co., Ltd. (GL Capital Group)
- Unisur Lifecare Pvt Ltd
- Orion Sutures India Pvt Ltd
- Kureha Corporation
- Shenzhen Polymtek Biomaterial Co., Ltd
- Haihang Industry Co., Ltd. (Haihang Group)
- Polysciences, Inc.
- Teleflex Incorporated
- Merck KGaA
Methodology
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