Polyglycolic Acid Market will constitute US$424.5 million Opportunity by 2023, North America Leads Global Industry in terms of Demand and Production: Transparency Market Research

Albany - New York, Nov. 2, 2015 (GLOBE NEWSWIRE) -- According to the report, the global polyglycolic acid market was valued at US$ 181.7 Million in 2014 and is estimated to reach US$ 424.5 Million in 2023, expanding at a CAGR of 10.1% between 2015 and 2023.

Browse Research Report with ToC & Free Analysis: http://www.transparencymarketresearch.com/polyglycolic-acid-market.html

Polyglycolic acid (PGA) is a fine chemical derived from glycolic acid. Earlier, global demand for PGA was limited to its application as absorbable medical sutures used for internal surgeries. Kureha Corporation, a Japan-based chemical manufacturing company, introduced its commercial application as packaging material and in shale gas and oil field extraction.

The polyglycolic market is highly region specific; it exhibits distinct demand dynamics in different locations. North America holds the largest share of the global polyglycolic acid market in terms of production as well as demand. Kureha PGA, LLC is the only commercial scale producer of glycolic acid, which is used in packaging and shale gas extraction applications. Kureha PGA, LLC is a subsidiary of Japan based Kureha Corporation. The company procures raw material (glycolic acid) from E. I. du Pont de Nemours and Company and produces polyglycolic acid. In terms of demand, North America accounted for over 70% share of the global market in 2014. Europe followed North America and Asia Pacific in 2014. In terms of demand, the polyglycolic acid market in North America is likely to exhibit the fastest growth rate during the forecast period. This is primarily ascribed to the commercial extraction of shale gas in the region, which accounts for the major share of the global shale gas market. However, the medical application dominates the PGA market in Europe, Asia Pacific, and Latin America.

Get Sample of Research Report: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=7394

Kureha Corporation dominates the global polyglycolic acid market. It is the only manufacturer of polyglycolic acid that is used in packaging and shale gas extraction applications.

Browse Press Release: http://www.transparencymarketresearch.com/pressrelease/polyglycolic-acid-market.htm

The report provides in-depth analysis of the polyglycolic acid market in terms of volume (tons and kilo grams) and revenue (US$ Mn and US$ thousand). It includes current demand analysis and forecast for each application segment at the global and regional level. Regions analyzed include North America, Europe, Asia Pacific, Latin America (LATAM), and Middle East & Africa (MEA). Each region has been further sub-segmented into major countries or areas.

The Polyglycolic Acid Market has been segmented as follows:

Polyglycolic Acid Market - Application Analysis

  • Medical
  • Packaging
  • Shale Gas Extraction
  • Others (Including Agriculture, Civil Engineering Resins, and Filters)

Polyglycolic Acid Market - Regional Analysis

North America

  • U.S.
  • Rest of North America


  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • Rest of APAC

Latin America

  • Brazil
  • Rest of LATAM

Middle East & Africa

  • GCC
  • South Africa

Rest of MEA

Other Related Market Research Reports:

  • Mining Chemicals Market to Progress at 6.6% CAGR till 2019 thanks to Rising Demand for Rare Earth Metals

The featured report from Transparency Market Research (TMR) on the global mining chemicals market offers the latest intelligence on the industry. This report is titled "Mining Chemicals Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2019". According to this report, the global mining chemicals market will expand at a CAGR of 6.6% during the forecast period from 2013 to 2019. In 2012, the global mining chemicals market was estimated at US$18 bn and by 2019, the market is projected to be worth US$28.1 bn.

Get Sample of this Report: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1320

  • Peracetic Acid Market: Demand from Food and Beverage Industry to Encourage Market Growth at CAGR of 7.3%

According to a recent market research report released by Transparency Market Research, the global peracetic acid market is estimated to expand at a CAGR of 7.3% during the period between 2014 and 2020. The report, titled "Peracetic Acid Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020", projects the global peracetic acid market to reach a valuation of US$652.9 million by 2020. The overall market was worth US$398.7 million in 2013.

Get Sample of this Report: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=2941

About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company's exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR's data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

CONTACT: Mr. Nachiket Ghumare 90 State Street, Suite 700 Albany, NY 12207 Tel: +1-518-618-1030 USA - Canada Toll Free: 866-552-3453 Email: sales@transparencymarketresearch.com Website: http://www.transparencymarketresearch.com/

Source:Transparency Market Research