Polyglycolic Acid Market - Global Industry Analysis, Forecast 2015 – 2023

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Research

Polyglycolic Acid Market - Global Industry Analysis,

Size, Share, Growth, Trends and Forecast 2015 - 2023

Published Date

30-Oct-2015

98 Page Report

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Press Release

Polyglycolic Acid Market will Constitute US$424.5 mn Opportunity

Globally by 2023 : TMR

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Polyglycolic Acid Market

REPORT DESCRIPTION

Polyglycolic Acid Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 2023

Transparency Market Research has published a new report titled “Polyglycolic Acid Market for Medical,

Packaging, Shale Gas Extraction, and Other Applications – Global Industry Analysis, Size, Share,

Growth, Trends and Forecast, 2015–2023.” According to the report, the global polyglycolic acid market was

valued at US$ 181.7 Mn in 2014 and is estimated to reach US$ 424.5 Mn in 2023, expanding at a CAGR of

10.1% between 2015 and 2023.

Browse Research Report : 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...