Polyglycolic Acid Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032
- Report ID: ME_005222
- Format: Electronic (PDF)
- Publish Type: Publish
- Number of Pages: 250
Market Snapshot
Source: Market Expertz
| Study Period | 2019-2032 |
| Base Year | 2023 |
| Forcast Year | 2023-2032 |
| CAGR | 7.24 |
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The Polyglycolic Acid Market size is estimated to grow at a CAGR of 6.78% between 2022 and 2032. The market size is forecast to increase by USD 1,245.36 million. The growth of the market depends on several factors, including the rising demand for bioresorbable polymers in medical applications, increasing adoption of sustainable packaging solutions, and growing awareness about environmental concerns. Polyglycolic Acid (PGA) is a bioresorbable polymer that is widely used in various industries due to its excellent properties and biodegradability. It is a synthetic polymer made from glycolic acid monomers and is known for its high strength, flexibility, and biocompatibility. PGA is commonly used in medical applications such as sutures, tissue engineering, drug delivery systems, and wound healing due to its ability to degrade in the body over time without causing any harm. It is also used in the packaging industry for the production of sustainable and biodegradable materials.
Polyglycolic Acid Market Overview
Drivers
One of the key factors driving the polyglycolic acid market growth is the increasing demand for bioresorbable polymers in medical applications. PGA is widely used in the medical industry for the production of absorbable sutures. It offers several advantages over traditional sutures, such as better wound healing, reduced scarring, and decreased risk of infection. The growing preference for minimally invasive surgeries and the rising number of surgical procedures worldwide are driving the demand for bioresorbable sutures, thereby fueling the growth of the polyglycolic acid market.
Moreover, the increasing adoption of sustainable packaging solutions is also driving the demand for polyglycolic acid. PGA is used in the production of biodegradable and compostable packaging materials, which are gaining popularity due to their eco-friendly nature. With the growing awareness about environmental concerns and the need to reduce plastic waste, there is a rising demand for sustainable packaging solutions, thereby boosting the growth of the polyglycolic acid market.
Trends
A key trend shaping the polyglycolic acid market growth is the development of advanced applications in tissue engineering. PGA has excellent biocompatibility and biodegradability, making it suitable for tissue engineering applications. It is used as a scaffold material to support the growth of cells and tissues in regenerative medicine. The use of PGA scaffolds in tissue engineering can help in the repair and regeneration of damaged tissues and organs. With the advancements in tissue engineering techniques and the increasing focus on regenerative medicine, there is a growing demand for polyglycolic acid in this field.
Additionally, the growing awareness about environmental concerns and the need for sustainable materials is driving the demand for biodegradable polymers such as polyglycolic acid. The use of PGA in various industries, including packaging, agriculture, and textiles, is expected to witness significant growth in the coming years. The development of new applications and the expansion of end-use industries are expected to drive market growth during the forecast period.
Restraints:
One of the key challenges hindering the polyglycolic acid market growth is the high production cost. The manufacturing process of PGA involves several steps, including polymerization, purification, and shaping. These processes require specialized equipment and expertise, leading to high production costs. The high cost of PGA limits its adoption in various applications, especially in price-sensitive markets. The development of cost-effective production methods and the optimization of manufacturing processes are essential to overcome this challenge and drive market growth.
Furthermore, the availability of alternative materials such as polylactic acid (PLA) and polyhydroxyalkanoates (PHA) poses a challenge to the polyglycolic acid market. PLA and PHA are also biodegradable polymers and are widely used in similar applications as PGA. The competition from these alternative materials can impact the market growth of polyglycolic acid. However, the unique properties and advantages of PGA, such as higher strength and faster degradation, can help in maintaining its market position.
Polyglycolic Acid Market Segmentation By Application
The medical applications segment is estimated to witness significant growth during the forecast period. Polyglycolic acid is widely used in the medical industry for various applications, including sutures, tissue engineering, drug delivery systems, and wound healing. PGA sutures are highly preferred in surgical procedures due to their excellent tensile strength, flexibility, and absorbability. The increasing number of surgical procedures worldwide and the growing demand for bioresorbable sutures are driving the growth of this segment.
In tissue engineering, PGA is used as a scaffold material to support the growth of cells and tissues. It provides a temporary structure for cell attachment, proliferation, and differentiation, facilitating the regeneration of damaged tissues and organs. The advancements in tissue engineering techniques and the increasing focus on regenerative medicine are expected to drive the demand for polyglycolic acid in this segment.
Polyglycolic Acid Market Segmentation By Type
The homopolymer segment is expected to dominate the polyglycolic acid market during the forecast period. Homopolymer PGA is a linear polymer composed of glycolic acid monomers. It offers excellent mechanical properties, such as high tensile strength and flexibility, making it suitable for various applications. Homopolymer PGA is widely used in the production of sutures, tissue engineering scaffolds, and drug delivery systems. The increasing demand for bioresorbable polymers in medical applications is driving the growth of this segment.
Regional Overview
North America is estimated to contribute significantly to the growth of the global polyglycolic acid market during the forecast period. The region has a well-established healthcare infrastructure and a high adoption rate of advanced medical technologies. The increasing number of surgical procedures and the growing demand for bioresorbable sutures are driving the demand for polyglycolic acid in the region. Moreover, the presence of key market players and ongoing research and development activities in the field of tissue engineering are further fueling the market growth in North America.
In Europe, the growing awareness about environmental concerns and the need for sustainable materials are driving the demand for polyglycolic acid in various industries, including packaging and textiles. The stringent regulations regarding plastic waste management and the increasing focus on circular economy principles are boosting the adoption of biodegradable polymers such as PGA in the region.
Asia Pacific (APAC) is expected to witness significant growth in the polyglycolic acid market during the forecast period. The region has a large population and a growing healthcare sector, which is driving the demand for bioresorbable polymers in medical applications. The increasing investments in healthcare infrastructure and the rising number of surgical procedures in countries like China and India are fueling the market growth in APAC. Additionally, the growing awareness about sustainable packaging solutions and the implementation of strict regulations on plastic waste management are driving the demand for polyglycolic acid in the region.
Polyglycolic Acid Market Customer Landscape
The polyglycolic acid market industry report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Who are the Major Polyglycolic Acid Market Companies?
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Some of the major companies operating in the polyglycolic acid market are:
- Daicel Corporation
- DuPont de Nemours, Inc.
- Kureha Corporation
- Mitsui Chemicals, Inc.
- Poly-Med, Inc.
- Shenzhen Polymtek Biomaterial Co., Ltd.
- Synthetic Biologics, Inc.
- Tepha, Inc.
- Terumo Corporation
- Teleflex Incorporated
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
- BASF SE
- Corbin Corporation
- Dow Chemical Company
- Ethicon, Inc.
- Foster Corporation
- Henkel AG & Co. KGaA
- Kraton Corporation
- LyondellBasell Industries N.V.
- Mitsubishi Chemical Corporation
- PolyOne Corporation
Polyglycolic Acid (PGA) Overview
The polyglycolic acid (PGA) market report forecasts market growth by revenue at global, regional, and country levels and provides an analysis of the latest trends and growth opportunities from 2019 to 2032.
- Application Outlook (USD Million, 2019 - 2032)
o Medical and healthcare
o Packaging
o Oil and gas
o Textiles
o Others
- Type Outlook (USD Million, 2019 - 2032)
o Monofilament
o Braided
o Coated
o Others
- Geography Outlook (USD Million, 2019 - 2032)
o North America
The U.S.
Canada
o Europe
U.K.
Germany
France
Rest of Europe
o APAC
China
India
o South America
Chile
Argentina
Brazil
o Middle East & Africa
Saudi Arabia
South Africa
Rest of the Middle East & Africa
Table of Contents
Global Polyglycolic Acid Market Professional Survey Report 2018
1 Industry Overview of Polyglycolic Acid
1.1 Definition and Specifications of Polyglycolic Acid
1.1.1 Definition of Polyglycolic Acid
1.1.2 Specifications of Polyglycolic Acid
1.2 Classification of Polyglycolic Acid
1.2.1 Industrial Grade
1.2.2 Medical Grade
1.3 Applications of Polyglycolic Acid
1.3.1 Pharmaceutical Industry
1.3.2 Oil and Gas Industry
1.3.3 Packaging Industry
1.3.4 Other
1.4 Market Segment by Regions
1.4.1 North America
1.4.2 China
1.4.3 Europe
1.4.4 Southeast Asia
1.4.5 Japan
1.4.6 India
2 Manufacturing Cost Structure Analysis of Polyglycolic Acid
2.1 Raw Material and Suppliers
2.2 Manufacturing Cost Structure Analysis of Polyglycolic Acid
2.3 Manufacturing Process Analysis of Polyglycolic Acid
2.4 Industry Chain Structure of Polyglycolic Acid
3 Technical Data and Manufacturing Plants Analysis of Polyglycolic Acid
3.1 Capacity and Commercial Production Date of Global Polyglycolic Acid Major Manufacturers in 2017
3.2 Manufacturing Plants Distribution of Global Polyglycolic Acid Major Manufacturers in 2017
3.3 R&D Status and Technology Source of Global Polyglycolic Acid Major Manufacturers in 2017
3.4 Raw Materials Sources Analysis of Global Polyglycolic Acid Major Manufacturers in 2017
4 Global Polyglycolic Acid Overall Market Overview
4.1 2013-2018E Overall Market Analysis
4.2 Capacity Analysis
4.2.1 2013-2018E Global Polyglycolic Acid Capacity and Growth Rate Analysis
4.2.2 2017 Polyglycolic Acid Capacity Analysis (Company Segment)
4.3 Sales Analysis
4.3.1 2013-2018E Global Polyglycolic Acid Sales and Growth Rate Analysis
4.3.2 2017 Polyglycolic Acid Sales Analysis (Company Segment)
4.4 Sales Price Analysis
4.4.1 2013-2018E Global Polyglycolic Acid Sales Price
4.4.2 2017 Polyglycolic Acid Sales Price Analysis (Company Segment)
5 Polyglycolic Acid Regional Market Analysis
5.1 North America Polyglycolic Acid Market Analysis
5.1.1 North America Polyglycolic Acid Market Overview
5.1.2 North America 2013-2018E Polyglycolic Acid Local Supply, Import, Export, Local Consumption Analysis
5.1.3 North America 2013-2018E Polyglycolic Acid Sales Price Analysis
5.1.4 North America 2017 Polyglycolic Acid Market Share Analysis
5.2 China Polyglycolic Acid Market Analysis
5.2.1 China Polyglycolic Acid Market Overview
5.2.2 China 2013-2018E Polyglycolic Acid Local Supply, Import, Export, Local Consumption Analysis
5.2.3 China 2013-2018E Polyglycolic Acid Sales Price Analysis
5.2.4 China 2017 Polyglycolic Acid Market Share Analysis
5.3 Europe Polyglycolic Acid Market Analysis
5.3.1 Europe Polyglycolic Acid Market Overview
5.3.2 Europe 2013-2018E Polyglycolic Acid Local Supply, Import, Export, Local Consumption Analysis
5.3.3 Europe 2013-2018E Polyglycolic Acid Sales Price Analysis
5.3.4 Europe 2017 Polyglycolic Acid Market Share Analysis
5.4 Southeast Asia Polyglycolic Acid Market Analysis
5.4.1 Southeast Asia Polyglycolic Acid Market Overview
5.4.2 Southeast Asia 2013-2018E Polyglycolic Acid Local Supply, Import, Export, Local Consumption Analysis
5.4.3 Southeast Asia 2013-2018E Polyglycolic Acid Sales Price Analysis
5.4.4 Southeast Asia 2017 Polyglycolic Acid Market Share Analysis
5.5 Japan Polyglycolic Acid Market Analysis
5.5.1 Japan Polyglycolic Acid Market Overview
5.5.2 Japan 2013-2018E Polyglycolic Acid Local Supply, Import, Export, Local Consumption Analysis
5.5.3 Japan 2013-2018E Polyglycolic Acid Sales Price Analysis
5.5.4 Japan 2017 Polyglycolic Acid Market Share Analysis
5.6 India Polyglycolic Acid Market Analysis
5.6.1 India Polyglycolic Acid Market Overview
5.6.2 India 2013-2018E Polyglycolic Acid Local Supply, Import, Export, Local Consumption Analysis
5.6.3 India 2013-2018E Polyglycolic Acid Sales Price Analysis
5.6.4 India 2017 Polyglycolic Acid Market Share Analysis
6 Global 2013-2018E Polyglycolic Acid Segment Market Analysis (by Type)
6.1 Global 2013-2018E Polyglycolic Acid Sales by Type
6.2 Different Types of Polyglycolic Acid Product Interview Price Analysis
6.3 Different Types of Polyglycolic Acid Product Driving Factors Analysis
6.3.1 Industrial Grade of Polyglycolic Acid Growth Driving Factor Analysis
6.3.2 Medical Grade of Polyglycolic Acid Growth Driving Factor Analysis
7 Global 2013-2018E Polyglycolic Acid Segment Market Analysis (by Application)
7.1 Global 2013-2018E Polyglycolic Acid Consumption by Application
7.2 Different Application of Polyglycolic Acid Product Interview Price Analysis
7.3 Different Application of Polyglycolic Acid Product Driving Factors Analysis
7.3.1 Pharmaceutical Industry of Polyglycolic Acid Growth Driving Factor Analysis
7.3.2 Oil and Gas Industry of Polyglycolic Acid Growth Driving Factor Analysis
7.3.3 Packaging Industry of Polyglycolic Acid Growth Driving Factor Analysis
7.3.4 Other of Polyglycolic Acid Growth Driving Factor Analysis
8 Major Manufacturers Analysis of Polyglycolic Acid
8.1 Kureha
8.1.1 Company Profile
8.1.2 Product Picture and Specifications
8.1.2.1 Product A
8.1.2.2 Product B
8.1.3 Kureha 2017 Polyglycolic Acid Sales, Ex-factory Price, Revenue, Gross Margin Analysis
8.1.4 Kureha 2017 Polyglycolic Acid Business Region Distribution Analysis
8.2 Samyang Biopharm
8.2.1 Company Profile
8.2.2 Product Picture and Specifications
8.2.2.1 Product A
8.2.2.2 Product B
8.2.3 Samyang Biopharm 2017 Polyglycolic Acid Sales, Ex-factory Price, Revenue, Gross Margin Analysis
8.2.4 Samyang Biopharm 2017 Polyglycolic Acid Business Region Distribution Analysis
8.3 Meta Biomed
8.3.1 Company Profile
8.3.2 Product Picture and Specifications
8.3.2.1 Product A
8.3.2.2 Product B
8.3.3 Meta Biomed 2017 Polyglycolic Acid Sales, Ex-factory Price, Revenue, Gross Margin Analysis
8.3.4 Meta Biomed 2017 Polyglycolic Acid Business Region Distribution Analysis
8.4 Huizhou Foryou Medical
8.4.1 Company Profile
8.4.2 Product Picture and Specifications
8.4.2.1 Product A
8.4.2.2 Product B
8.4.3 Huizhou Foryou Medical 2017 Polyglycolic Acid Sales, Ex-factory Price, Revenue, Gross Margin Analysis
8.4.4 Huizhou Foryou Medical 2017 Polyglycolic Acid Business Region Distribution Analysis
8.5 Shenzhen Polymtek Biomaterial
8.5.1 Company Profile
8.5.2 Product Picture and Specifications
8.5.2.1 Product A
8.5.2.2 Product B
8.5.3 Shenzhen Polymtek Biomaterial 2017 Polyglycolic Acid Sales, Ex-factory Price, Revenue, Gross Margin Analysis
8.5.4 Shenzhen Polymtek Biomaterial 2017 Polyglycolic Acid Business Region Distribution Analysis
9 Development Trend of Analysis of Polyglycolic Acid Market
9.1 Global Polyglycolic Acid Market Trend Analysis
9.1.1 Global 2018-2025 Polyglycolic Acid Market Size (Volume and Value) Forecast
9.1.2 Global 2018-2025 Polyglycolic Acid Sales Price Forecast
9.2 Polyglycolic Acid Regional Market Trend
9.2.1 North America 2018-2025 Polyglycolic Acid Consumption Forecast
9.2.2 China 2018-2025 Polyglycolic Acid Consumption Forecast
9.2.3 Europe 2018-2025 Polyglycolic Acid Consumption Forecast
9.2.4 Southeast Asia 2018-2025 Polyglycolic Acid Consumption Forecast
9.2.5 Japan 2018-2025 Polyglycolic Acid Consumption Forecast
9.2.6 India 2018-2025 Polyglycolic Acid Consumption Forecast
9.3 Polyglycolic Acid Market Trend (Product Type)
9.4 Polyglycolic Acid Market Trend (Application)
10 Polyglycolic Acid Marketing Type Analysis
10.1 Polyglycolic Acid Regional Marketing Type Analysis
10.2 Polyglycolic Acid International Trade Type Analysis
10.3 Traders or Distributors with Contact Information of Polyglycolic Acid by Region
10.4 Polyglycolic Acid Supply Chain Analysis
11 Consumers Analysis of Polyglycolic Acid
11.1 Consumer 1 Analysis
11.2 Consumer 2 Analysis
11.3 Consumer 3 Analysis
11.4 Consumer 4 Analysis
12 Conclusion of the Global Polyglycolic Acid Market Professional Survey Report 2017
Methodology
Analyst Introduction
Data Source
List of Tables and Figures
Figure Picture of Polyglycolic Acid
Table Product Specifications of Polyglycolic Acid
Table Classification of Polyglycolic Acid
Figure Global Production Market Share of Polyglycolic Acid by Type in 2017
Figure Industrial Grade Picture
Table Major Manufacturers of Industrial Grade
Figure Medical Grade Picture
Table Major Manufacturers of Medical Grade
Table Applications of Polyglycolic Acid
Figure Global Consumption Volume Market Share of Polyglycolic Acid by Application in 2017
Figure Pharmaceutical Industry Examples
Table Major Consumers in Pharmaceutical Industry
Figure Oil and Gas Industry Examples
Table Major Consumers in Oil and Gas Industry
Figure Packaging Industry Examples
Table Major Consumers in Packaging Industry
Figure Other Examples
Table Major Consumers in Other
Figure Market Share of Polyglycolic Acid by Regions
Figure North America Polyglycolic Acid Market Size (Million USD) (2013-2025)
Figure China Polyglycolic Acid Market Size (Million USD) (2013-2025)
Figure Europe Polyglycolic Acid Market Size (Million USD) (2013-2025)
Figure Southeast Asia Polyglycolic Acid Market Size (Million USD) (2013-2025)
Figure Japan Polyglycolic Acid Market Size (Million USD) (2013-2025)
Figure India Polyglycolic Acid Market Size (Million USD) (2013-2025)
Table Polyglycolic Acid Raw Material and Suppliers
Table Manufacturing Cost Structure Analysis of Polyglycolic Acid in 2017
Figure Manufacturing Process Analysis of Polyglycolic Acid
Figure Industry Chain Structure of Polyglycolic Acid
Table Capacity and Commercial Production Date of Global Polyglycolic Acid Major Manufacturers in 2017
Table Manufacturing Plants Distribution of Global Polyglycolic Acid Major Manufacturers in 2017
Table R&D Status and Technology Source of Global Polyglycolic Acid Major Manufacturers in 2017
Table Raw Materials Sources Analysis of Global Polyglycolic Acid Major Manufacturers in 2017
Table Global Capacity, Sales , Price, Cost, Sales Revenue (M USD) and Gross Margin of Polyglycolic Acid 2013-2018E
Figure Global 2013-2018E Polyglycolic Acid Market Size (Volume) and Growth Rate
Figure Global 2013-2018E Polyglycolic Acid Market Size (Value) and Growth Rate
Table 2013-2018E Global Polyglycolic Acid Capacity and Growth Rate
Table 2017 Global Polyglycolic Acid Capacity (K MT) List (Company Segment)
Table 2013-2018E Global Polyglycolic Acid Sales (K MT) and Growth Rate
Table 2017 Global Polyglycolic Acid Sales (K MT) List (Company Segment)
Table 2013-2018E Global Polyglycolic Acid Sales Price (USD/MT)
Table 2017 Global Polyglycolic Acid Sales Price (USD/MT) List (Company Segment)
Figure North America Capacity Overview
Table North America Supply, Import, Export and Consumption (K MT) of Polyglycolic Acid 2013-2018E
Figure North America 2013-2018E Polyglycolic Acid Sales Price (USD/MT)
Figure North America 2017 Polyglycolic Acid Sales Market Share
Figure China Capacity Overview
Table China Supply, Import, Export and Consumption (K MT) of Polyglycolic Acid 2013-2018E
Figure China 2013-2018E Polyglycolic Acid Sales Price (USD/MT)
Figure China 2017 Polyglycolic Acid Sales Market Share
Figure Europe Capacity Overview
Table Europe Supply, Import, Export and Consumption (K MT) of Polyglycolic Acid 2013-2018E
Figure Europe 2013-2018E Polyglycolic Acid Sales Price (USD/MT)
Figure Europe 2017 Polyglycolic Acid Sales Market Share
Figure Southeast Asia Capacity Overview
Table Southeast Asia Supply, Import, Export and Consumption (K MT) of Polyglycolic Acid 2013-2018E
Figure Southeast Asia 2013-2018E Polyglycolic Acid Sales Price (USD/MT)
Figure Southeast Asia 2017 Polyglycolic Acid Sales Market Share
Figure Japan Capacity Overview
Table Japan Supply, Import, Export and Consumption (K MT) of Polyglycolic Acid 2013-2018E
Figure Japan 2013-2018E Polyglycolic Acid Sales Price (USD/MT)
Figure Japan 2017 Polyglycolic Acid Sales Market Share
Figure India Capacity Overview
Table India Supply, Import, Export and Consumption (K MT) of Polyglycolic Acid 2013-2018E
Figure India 2013-2018E Polyglycolic Acid Sales Price (USD/MT)
Figure India 2017 Polyglycolic Acid Sales Market Share
Table Global 2013-2018E Polyglycolic Acid Sales (K MT) by Type
Table Different Types Polyglycolic Acid Product Interview Price
Table Global 2013-2018E Polyglycolic Acid Sales (K MT) by Application
Table Different Application Polyglycolic Acid Product Interview Price
Table Kureha Information List
Table Product A Overview
Table Product B Overview
Table 2017 Kureha Polyglycolic Acid Revenue (Million USD), Sales (K MT), Ex-factory Price (USD/MT)
Figure 2017 Kureha Polyglycolic Acid Business Region Distribution
Table Samyang Biopharm Information List
Table Product A Overview
Table Product B Overview
Table 2017 Samyang Biopharm Polyglycolic Acid Revenue (Million USD), Sales (K MT), Ex-factory Price (USD/MT)
Figure 2017 Samyang Biopharm Polyglycolic Acid Business Region Distribution
Table Meta Biomed Information List
Table Product A Overview
Table Product B Overview
Table 2015 Meta Biomed Polyglycolic Acid Revenue (Million USD), Sales (K MT), Ex-factory Price (USD/MT)
Figure 2017 Meta Biomed Polyglycolic Acid Business Region Distribution
Table Huizhou Foryou Medical Information List
Table Product A Overview
Table Product B Overview
Table 2017 Huizhou Foryou Medical Polyglycolic Acid Revenue (Million USD), Sales (K MT), Ex-factory Price (USD/MT)
Figure 2017 Huizhou Foryou Medical Polyglycolic Acid Business Region Distribution
Table Shenzhen Polymtek Biomaterial Information List
Table Product A Overview
Table Product B Overview
Table 2017 Shenzhen Polymtek Biomaterial Polyglycolic Acid Revenue (Million USD), Sales (K MT), Ex-factory Price (USD/MT)
Figure 2017 Shenzhen Polymtek Biomaterial Polyglycolic Acid Business Region Distribution
Figure Global 2018-2025 Polyglycolic Acid Market Size (K MT) and Growth Rate Forecast
Figure Global 2018-2025 Polyglycolic Acid Market Size (Million USD) and Growth Rate Forecast
Figure Global 2018-2025 Polyglycolic Acid Sales Price (USD/MT) Forecast
Figure North America 2018-2025 Polyglycolic Acid Consumption Volume (K MT) and Growth Rate Forecast
Figure China 2018-2025 Polyglycolic Acid Consumption Volume (K MT) and Growth Rate Forecast
Figure Europe 2018-2025 Polyglycolic Acid Consumption Volume (K MT) and Growth Rate Forecast
Figure Southeast Asia 2018-2025 Polyglycolic Acid Consumption Volume (K MT) and Growth Rate Forecast
Figure Japan 2018-2025 Polyglycolic Acid Consumption Volume (K MT) and Growth Rate Forecast
Figure India 2018-2025 Polyglycolic Acid Consumption Volume (K MT) and Growth Rate Forecast
Table Global Sales Volume (K MT) of Polyglycolic Acid by Type 2018-2025
Table Global Consumption Volume (K MT) of Polyglycolic Acid by Application 2018-2025
Table Traders or Distributors with Contact Information of Polyglycolic Acid by Region
RESEARCH METHODOLOGY
A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.
Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.
Now let’s take a closer look at the research methods here.
Secondary Research Model
Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.
Primary Insights
Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.
However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.
Market Estimation
The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.
Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.
Final Presentation
The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.
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