iCrowdNewswire Feb 1, 2021 5:30 PM ET
Reports and Data has recently added a report titled Polyglycolic Acid Market Report Forecast to 2026 to its repository, which comprises of data relating to the market size, share, value, and volume, production processes, revenue generation, the regional analysis of the business vertical, along with the outcomes of analytical tools including, SWOT analysis and Porter’s Five Forces analysis. The report highlights the growth opportunities and challenges that industry players might encounter in the forecast years, along with an elaborate competitive landscape and expansion strategies adopted by the companies functioning in the Polyglycolic Acid Testing Market.
The global Polyglycolic acid (PGA) market is expected to reach USD 8.29 Billion by 2027, according to a new report by Reports and Data. Polyglycolic acid (PGA) is a synthetic, inter-woven polymer and is very slightly reactive and better resistant to bacterial contamination. The chemical is considered to be biocompatible in several end-uses and of late finds usage as filler material blended with polymers that can be chemically degraded.
Companies considered and profiled in this market study:
BMG Incorporated, Foryou Medical, Kureha Corporation, Teleflex Incorporated, Corbion, Advanced Medical Solutions Group PLC, Lotus Surgicals, Shenzhen Polymtek, Biomaterial Co. Ltd., LUX Sutures, and Unisur Lifecare Pvt. Ltd., among others.
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The report includes the latest coverage of the impact of COVID-19 on the Polyglycolic Acid industry. The incidence has affected nearly every aspect of the business domain. This study evaluates the current scenario and predicts future outcomes of the pandemic on the global economy.
For the purpose of this report, Reports and Data have segmented the global polyglycolic acid market on the basis of form, distribution channel, industry vertical, and region:
Form Outlook (Revenue, USD Million; 2017-2027)
Distribution Channel Outlook (Revenue, USD Million; 2017-2027)
Industry Vertical Outlook (Revenue, USD Million; 2017-2027)
- Oil & Gas
The key geographical regions analyzed in the report are:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Further key findings from the report suggest:
- By form, fibers contributed to the largest market share in 2019. The market dominance of the fibers is owing to the escalating application of fiber in the making of end-products like frac bars, frac balls, and sutures, among others deployed in industry verticals like the pharmaceutical and oil & gas.
- By distribution channel, offline held a larger market share in 2019. The polyglycolic acid industry is very offline-intensive and witnesses transparency. The offline channel necessitates the requirement of substantial investment of time by the buyer and high selling costs, along with considerable knowledge of the market on the seller side.
- By application, packing held a significant market share in 2019. Polyglycolic acid possesses considerable potential in several packaging applications in food & beverages, amongst other products having short shelf-life. PGA is considered to be an effective bio-plastic with superior potential to biodegradability…Continued
Key points from Table of Content:
Chapter 1. Market Synopsis
Chapter 2. Executive Summary
Chapter 3. Indicative Metrics
Chapter 4. Polyglycolic Acid Segmentation & Impact Analysis
Chapter 5. Polyglycolic Acid Market By Product Type Insights & Trends
Chapter 6. Polyglycolic Acid Market By Application Insights & Trends
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Keywords: Polyglycolic Acid Market, Polyglycolic Acid Industry, Polyglycolic Acid Market Size, Polyglycolic Acid Market Share, Polyglycolic Acid Market Trend, Polyglycolic Acid Market Forecast, Polyglycolic Acid Market Growth, Reports And Data