Focus On Polyglycolic Acid Market and Industry Development Research Report 2014 to 2021
Research Report on Global Polyglycolic Acid Market 2014 to 2021 added by DecisionDatabases.com studies the current and upcoming Market Size, Share, Demand, Growth Trend and Forecast.
Polyglycolic acid is a polymeric compound which is easily decomposable. It is a biobased compound which can be prepared by two major methods. Ring open polymerization and polycondensation of glycolic acid are two processes which prepare high molecular weight polymer and low molecular weight polymer. Along with medicinal and health care applications polyglycolic acid also finds application in oil and gas exploration.
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Polyglycolic acid and its polymer properties also finds application in food packaging industry. On the basis of applications global polyglycolic acid market is segmented as packaging, shale gas extraction, medical and others (including agriculture, civil engineering resins, and filters). Growing demand for food worldwide is motivating the application of polyglycolic acid in packaging sector.
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Healthcare and medical are prominent applications which empower the growth of global polyglycolic acid market. Technological advancement and research and development for newer applications of polyglycolic acid is expected to drive this market over the forecast. Increased use of polyglycolic acid based polymers in food packaging and exploration of shale gas is expected to open new opportunities for this market.
Best Region Of Markets :
North America and Europe dominate this market. High economic stability and increased consumption of packaged food drives the global polyglycolic acid market in these regions Asia pacific is expected to show consistent growth over the forecast. Agricultural development and use of advance polymer technology in agriculture supports growth of this region. Key players in the global polyglycolic acid market are Kureha PGA, LLC, E. I. du Pont de Nemours and Company, Huizhou Foryou Medical Devices Co., Ltd., and Teleflex, Inc.
SEGMENTATIONS IN REPORT :
A. Polyglycolic Acid By Application :
3. Shale Gas Extraction
B. Polyglycolic Acid By Geography :
1. North America
3. Asia Pacific
4. Latin America
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