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North America Polyglycolic Acid Market Size, Share & Trends Analysis Report By Form (Fibers, Films and Others), By End User (Medical, Oil & Gas, Packaging, and Others), By Country and Growth Forecast, 2024 - 2031

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    Report

  • 86 Pages
  • April 2024
  • Region: North America
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5972443
The North America Polyglycolic Acid Market would witness market growth of 9.0% CAGR during the forecast period (2024-2031). In the year 2020, the North America market's volume surged to 13,298.7 tonnes, showcasing a growth of 18.3% (2020-2023).

Polyglycolic acid (PGA) fibers represent a remarkable advancement in the realm of biodegradable polymers. These fibers are synthesized through the polymerization of glycolic acid molecules, resulting in a high-strength material with versatile applications. PGA fibers are characterized by their exceptional tensile strength, stiffness, and biocompatibility, making them ideal for use in various fields. Thus, the US market would utilize 11,428.1 tonnes of Polyglycolic Acid in Fibers segment by 2031.



The US market dominated the North America Polyglycolic Acid Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $3,506.8 million by 2031. The Canada market is experiencing a CAGR of 11% during (2024 - 2031). Additionally, The Mexico market would witness a CAGR of 10.5% during (2024 - 2031).

PGA fibers are utilized in the textile industry for applications such as surgical mesh reinforcement and wound dressings. PGA's high strength and biodegradability make it suitable for manufacturing textile products with enhanced durability and biocompatibility. PGA fibers are incorporated into fabrics and meshes used in medical textiles, sports equipment, and technical textiles, offering superior performance and environmental sustainability.

In addition to its biomedical and packaging applications, PGA is employed in various industrial sectors for specialized applications. These include producing biodegradable films for industrial packaging, composite materials for automotive and aerospace applications, and filtration membranes for water treatment and separation processes. PGA's versatility and biodegradability make it an attractive material for addressing sustainability challenges across diverse industrial domains.

Canada increasingly focuses on sustainable agriculture practices to minimize environmental impact and promote conservation. As part of this effort, there is growing interest in adopting biodegradable materials such as PGA to replace conventional plastics in agricultural applications. PGA-based products, including mulch films, soil stabilization mats, and crop protection nets, offer eco-friendly alternatives that align with Canada's sustainability goals. As per the data from the Government of Canada, in 2022, the whole agriculture and agri-food system generated $143.8 billion (around 7.0%) of Canada's gross domestic product (GDP). Hence, North America's growing agriculture and healthcare sectors will boost the 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 U.S., Mexico, Canada, and Rest of North America.

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
By End User (Volume, Tonnes, USD Billion, 2020-2031)
  • Medical
  • Oil & Gas
  • Packaging
  • Others
By Country (Volume, Tonnes, USD Billion, 2020-2031)
  • US
  • Canada
  • Mexico
  • Rest of North America

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Polyglycolic Acid Market, by Form
1.4.2 North America Polyglycolic Acid Market, by End User
1.4.3 North America Polyglycolic Acid Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
3.3 Porter Five Forces Analysis
Chapter 4. North America Polyglycolic Acid Market by Form
4.1 North America Fibers Market by Country
4.2 North America Films Market by Country
4.3 North America Others Market by Country
Chapter 5. North America Polyglycolic Acid Market by End-user
5.1 North America Medical Market by Country
5.2 North America Oil & Gas Market by Country
5.3 North America Packaging Market by Country
5.4 North America Others Market by Country
Chapter 6. North America Polyglycolic Acid Market by Country
6.1 US Polyglycolic Acid Market
6.1.1 US Polyglycolic Acid Market by Form
6.1.2 US Polyglycolic Acid Market by End-user
6.2 Canada Polyglycolic Acid Market
6.2.1 Canada Polyglycolic Acid Market by Form
6.2.2 Canada Polyglycolic Acid Market by End-user
6.3 Mexico Polyglycolic Acid Market
6.3.1 Mexico Polyglycolic Acid Market by Form
6.3.2 Mexico Polyglycolic Acid Market by End-user
6.4 Rest of North America Polyglycolic Acid Market
6.4.1 Rest of North America Polyglycolic Acid Market by Form
6.4.2 Rest of North America Polyglycolic Acid Market by End-user
Chapter 7. Company Profiles
7.1 BMG Incorporated
7.1.1 Company Overview
7.2 Huizhou Foryou Medical Devices Co., Ltd. (GL Capital Group)
7.2.1 Company Overview
7.3 Unisur Lifecare Pvt Ltd
7.3.1 Company Overview
7.4 Orion Sutures India Pvt Ltd
7.4.1 Company Overview
7.5 Kureha Corporation
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental Analysis
7.5.4 SWOT Analysis
7.6 Shenzhen Polymtek Biomaterial Co., Ltd.
7.6.1 Company Overview
7.7 Haihang Industry Co., Ltd. (Haihang Group)
7.7.1 Company Overview
7.8 Polysciences, Inc.
7.8.1 Company Overview
7.9 Teleflex Incorporated
7.9.1 Company Overview
7.9.2 Financial Analysis
7.9.3 Segmental and Regional Analysis
7.9.4 Research & Development Expenses
7.9.5 SWOT Analysis
7.10. Merck KGaA
7.10.1 Company Overview
7.10.2 Financial Analysis
7.10.3 Segmental and Regional Analysis
7.10.4 Research & Development Expense
7.10.5 SWOT Analysis

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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