The Latin America, Middle East and Africa Polyglycolic Acid Market would witness market growth of 12.0% CAGR during the forecast period (2024-2031). In the year 2027, the LAMEA market's volume is expected to surge to 5,641.9 tonnes, showcasing a growth of 9.6% (2024-2031).
The Packaging end-user industry is witnessing a significant shift towards sustainability, driving the adoption of Polyglycolic Acid (PGA) as a key material in eco-friendly packaging solutions. PGA's properties, including biodegradability, high barrier performance, and versatility, make it an attractive choice for a wide range of packaging applications. Hence, the Brazil market would utilize 491.2 tonnes of Polyglycolic Acid in Packaging end-user industry by 2031.
The Brazil market dominated the LAMEA Polyglycolic Acid Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $237.9 million by 2031. The Argentina market is capturing a CAGR of 13.2% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 11.6% during (2024 - 2031).
Integrating polyglycolic acid into composite materials and hybrid structures opens new avenues for its use in the automotive, aerospace, and construction sectors. By combining PGA with other materials, such as carbon fibers or biopolymers, manufacturers can tailor the properties of composites to meet specific performance requirements while leveraging PGA's biodegradability and sustainability benefits. Manufacturers can save weight by incorporating PGA into composite materials while maintaining structural integrity and performance.
Researchers and manufacturers are also continuously exploring methods to enhance PGA's mechanical properties, such as tensile strength, modulus, and toughness. This includes the development of novel polymer blends, copolymerization techniques, and fiber reinforcement strategies to improve PGA's performance in demanding applications. By optimizing polymer composition and processing parameters, innovators aim to produce PGA materials with superior mechanical characteristics, making them suitable for a wider range of industrial applications, including structural components, textiles, and composites.
With the expansion of hospitals, clinics, and healthcare facilities in the UAE, there is a rising demand for medical devices and materials used in surgeries and treatments. PGA's biodegradable and biocompatible properties make it an ideal material for absorbable sutures and implants used in various surgical procedures. As healthcare providers prioritize patient care and recovery, the demand for PGA-based medical products is expected to grow.
As per the report titled Investing in Healthcare in UAE, published by the UAE Ministry of Economy, by 2023, the healthcare sector in the Middle East and North Africa was projected to have grown from $144 billion in 2020 to $243 billion, with Dubai's healthcare sector serving as a pivotal contributor to this expansion. Therefore, with the expansion of the healthcare sector in LAMEA, there will be an enhanced demand for polyglycolic acid in the region.
Free Valuable Insights: The Worldwide Polyglycolic Acid Market is Projected to reach USD 11.2 Billion by 2031, at a CAGR of 9.6%
Based on Form, the market is segmented into Fibers, Films and Others. Based on End User, the market is segmented into Medical, Oil & Gas, Packaging, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
List of Key Companies Profiled
- BMG Incorporated
- Huizhou Foryou Medical Devices Co., Ltd. (GL Capital Group)
- Unisur Lifecare Pvt Ltd
- Orion Sutures India Pvt Ltd
- Kureha Corporation
- Shenzhen Polymtek Biomaterial Co., Ltd
- Haihang Industry Co., Ltd. (Haihang Group)
- Polysciences, Inc.
- Teleflex Incorporated
- Merck KGaA
LAMEA Polyglycolic Acid Market Report Segmentation
By Form (Volume, Tonnes, USD Billion, 2020-2031)
By End User (Volume, Tonnes, USD Billion, 2020-2031)
- Medical
- Oil & Gas
- Packaging
- Others
By Country (Volume, Tonnes, USD Billion, 2020-2031)
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
TABLE 1 LAMEA Polyglycolic Acid Market, 2020 - 2023, USD Million
TABLE 2 LAMEA Polyglycolic Acid Market, 2024 - 2031, USD Million
TABLE 3 LAMEA Polyglycolic Acid Market, 2020 - 2023, Tonnes
TABLE 4 LAMEA Polyglycolic Acid Market, 2024 - 2031, Tonnes
TABLE 5 LAMEA Polyglycolic Acid Market by Form, 2020 - 2023, USD Million
TABLE 6 LAMEA Polyglycolic Acid Market by Form, 2024 - 2031, USD Million
TABLE 7 LAMEA Polyglycolic Acid Market by Form, 2020 - 2023, Tonnes
TABLE 8 LAMEA Polyglycolic Acid Market by Form, 2024 - 2031, Tonnes
TABLE 9 LAMEA Fibers Market by Country, 2020 - 2023, USD Million
TABLE 10 LAMEA Fibers Market by Country, 2024 - 2031, USD Million
TABLE 11 LAMEA Fibers Market by Country, 2020 - 2023, Tonnes
TABLE 12 LAMEA Fibers Market by Country, 2024 - 2031, Tonnes
TABLE 13 LAMEA Films Market by Country, 2020 - 2023, USD Million
TABLE 14 LAMEA Films Market by Country, 2024 - 2031, USD Million
TABLE 15 LAMEA Films Market by Country, 2020 - 2023, Tonnes
TABLE 16 LAMEA Films Market by Country, 2024 - 2031, Tonnes
TABLE 17 LAMEA Others Market by Country, 2020 - 2023, USD Million
TABLE 18 LAMEA Others Market by Country, 2024 - 2031, USD Million
TABLE 19 LAMEA Others Market by Country, 2020 - 2023, Tonnes
TABLE 20 LAMEA Others Market by Country, 2024 - 2031, Tonnes
TABLE 21 LAMEA Polyglycolic Acid Market by End-user, 2020 - 2023, USD Million
TABLE 22 LAMEA Polyglycolic Acid Market by End-user, 2024 - 2031, USD Million
TABLE 23 LAMEA Polyglycolic Acid Market by End-user, 2020 - 2023, Tonnes
TABLE 24 LAMEA Polyglycolic Acid Market by End-user, 2024 - 2031, Tonnes
TABLE 25 LAMEA Medical Market by Country, 2020 - 2023, USD Million
TABLE 26 LAMEA Medical Market by Country, 2024 - 2031, USD Million
TABLE 27 LAMEA Medical Market by Country, 2020 - 2023, Tonnes
TABLE 28 LAMEA Medical Market by Country, 2024 - 2031, Tonnes
TABLE 29 LAMEA Oil & Gas Market by Country, 2020 - 2023, USD Million
TABLE 30 LAMEA Oil & Gas Market by Country, 2024 - 2031, USD Million
TABLE 31 LAMEA Oil & Gas Market by Country, 2020 - 2023, Tonnes
TABLE 32 LAMEA Oil & Gas Market by Country, 2024 - 2031, Tonnes
TABLE 33 LAMEA Packaging Market by Country, 2020 - 2023, USD Million
TABLE 34 LAMEA Packaging Market by Country, 2024 - 2031, USD Million
TABLE 35 LAMEA Packaging Market by Country, 2020 - 2023, Tonnes
TABLE 36 LAMEA Packaging Market by Country, 2024 - 2031, Tonnes
TABLE 37 LAMEA Others Market by Country, 2020 - 2023, USD Million
TABLE 38 LAMEA Others Market by Country, 2024 - 2031, USD Million
TABLE 39 LAMEA Others Market by Country, 2020 - 2023, Tonnes
TABLE 40 LAMEA Others Market by Country, 2024 - 2031, Tonnes
TABLE 41 LAMEA Polyglycolic Acid Market by Country, 2020 - 2023, USD Million
TABLE 42 LAMEA Polyglycolic Acid Market by Country, 2024 - 2031, USD Million
TABLE 43 LAMEA Polyglycolic Acid Market by Country, 2020 - 2023, Tonnes
TABLE 44 LAMEA Polyglycolic Acid Market by Country, 2024 - 2031, Tonnes
TABLE 45 Brazil Polyglycolic Acid Market, 2020 - 2023, USD Million
TABLE 46 Brazil Polyglycolic Acid Market, 2024 - 2031, USD Million
TABLE 47 Brazil Polyglycolic Acid Market, 2020 - 2023, Tonnes
TABLE 48 Brazil Polyglycolic Acid Market, 2024 - 2031, Tonnes
TABLE 49 Brazil Polyglycolic Acid Market by Form, 2020 - 2023, USD Million
TABLE 50 Brazil Polyglycolic Acid Market by Form, 2024 - 2031, USD Million
TABLE 51 Brazil Polyglycolic Acid Market by Form, 2020 - 2023, Tonnes
TABLE 52 Brazil Polyglycolic Acid Market by Form, 2024 - 2031, Tonnes
TABLE 53 Brazil Polyglycolic Acid Market by End-user, 2020 - 2023, USD Million
TABLE 54 Brazil Polyglycolic Acid Market by End-user, 2024 - 2031, USD Million
TABLE 55 Brazil Polyglycolic Acid Market by End-user, 2020 - 2023, Tonnes
TABLE 56 Brazil Polyglycolic Acid Market by End-user, 2024 - 2031, Tonnes
TABLE 57 Argentina Polyglycolic Acid Market, 2020 - 2023, USD Million
TABLE 58 Argentina Polyglycolic Acid Market, 2024 - 2031, USD Million
TABLE 59 Argentina Polyglycolic Acid Market, 2020 - 2023, Tonnes
TABLE 60 Argentina Polyglycolic Acid Market, 2024 - 2031, Tonnes
TABLE 61 Argentina Polyglycolic Acid Market by Form, 2020 - 2023, USD Million
TABLE 62 Argentina Polyglycolic Acid Market by Form, 2024 - 2031, USD Million
TABLE 63 Argentina Polyglycolic Acid Market by Form, 2020 - 2023, Tonnes
TABLE 64 Argentina Polyglycolic Acid Market by Form, 2024 - 2031, Tonnes
TABLE 65 Argentina Polyglycolic Acid Market by End-user, 2020 - 2023, USD Million
TABLE 66 Argentina Polyglycolic Acid Market by End-user, 2024 - 2031, USD Million
TABLE 67 Argentina Polyglycolic Acid Market by End-user, 2020 - 2023, Tonnes
TABLE 68 Argentina Polyglycolic Acid Market by End-user, 2024 - 2031, Tonnes
TABLE 69 UAE Polyglycolic Acid Market, 2020 - 2023, USD Million
TABLE 70 UAE Polyglycolic Acid Market, 2024 - 2031, USD Million
TABLE 71 UAE Polyglycolic Acid Market, 2020 - 2023, Tonnes
TABLE 72 UAE Polyglycolic Acid Market, 2024 - 2031, Tonnes
TABLE 73 UAE Polyglycolic Acid Market by Form, 2020 - 2023, USD Million
TABLE 74 UAE Polyglycolic Acid Market by Form, 2024 - 2031, USD Million
TABLE 75 UAE Polyglycolic Acid Market by Form, 2020 - 2023, Tonnes
TABLE 76 UAE Polyglycolic Acid Market by Form, 2024 - 2031, Tonnes
TABLE 77 UAE Polyglycolic Acid Market by End-user, 2020 - 2023, USD Million
TABLE 78 UAE Polyglycolic Acid Market by End-user, 2024 - 2031, USD Million
TABLE 79 UAE Polyglycolic Acid Market by End-user, 2020 - 2023, Tonnes
TABLE 80 UAE Polyglycolic Acid Market by End-user, 2024 - 2031, Tonnes
TABLE 81 Saudi Arabia Polyglycolic Acid Market, 2020 - 2023, USD Million
TABLE 82 Saudi Arabia Polyglycolic Acid Market, 2024 - 2031, USD Million
TABLE 83 Saudi Arabia Polyglycolic Acid Market, 2020 - 2023, Tonnes
TABLE 84 Saudi Arabia Polyglycolic Acid Market, 2024 - 2031, Tonnes
TABLE 85 Saudi Arabia Polyglycolic Acid Market by Form, 2020 - 2023, USD Million
TABLE 86 Saudi Arabia Polyglycolic Acid Market by Form, 2024 - 2031, USD Million
TABLE 87 Saudi Arabia Polyglycolic Acid Market by Form, 2020 - 2023, Tonnes
TABLE 88 Saudi Arabia Polyglycolic Acid Market by Form, 2024 - 2031, Tonnes
TABLE 89 Saudi Arabia Polyglycolic Acid Market by End-user, 2020 - 2023, USD Million
TABLE 90 Saudi Arabia Polyglycolic Acid Market by End-user, 2024 - 2031, USD Million
TABLE 91 Saudi Arabia Polyglycolic Acid Market by End-user, 2020 - 2023, Tonnes
TABLE 92 Saudi Arabia Polyglycolic Acid Market by End-user, 2024 - 2031, Tonnes
TABLE 93 South Africa Polyglycolic Acid Market, 2020 - 2023, USD Million
TABLE 94 South Africa Polyglycolic Acid Market, 2024 - 2031, USD Million
TABLE 95 South Africa Polyglycolic Acid Market, 2020 - 2023, Tonnes
TABLE 96 South Africa Polyglycolic Acid Market, 2024 - 2031, Tonnes
TABLE 97 South Africa Polyglycolic Acid Market by Form, 2020 - 2023, USD Million
TABLE 98 South Africa Polyglycolic Acid Market by Form, 2024 - 2031, USD Million
TABLE 99 South Africa Polyglycolic Acid Market by Form, 2020 - 2023, Tonnes
TABLE 100 South Africa Polyglycolic Acid Market by Form, 2024 - 2031, Tonnes
TABLE 101 South Africa Polyglycolic Acid Market by End-user, 2020 - 2023, USD Million
TABLE 102 South Africa Polyglycolic Acid Market by End-user, 2024 - 2031, USD Million
TABLE 103 South Africa Polyglycolic Acid Market by End-user, 2020 - 2023, Tonnes
TABLE 104 South Africa Polyglycolic Acid Market by End-user, 2024 - 2031, Tonnes
TABLE 105 Nigeria Polyglycolic Acid Market, 2020 - 2023, USD Million
TABLE 106 Nigeria Polyglycolic Acid Market, 2024 - 2031, USD Million
TABLE 107 Nigeria Polyglycolic Acid Market, 2020 - 2023, Tonnes
TABLE 108 Nigeria Polyglycolic Acid Market, 2024 - 2031, Tonnes
TABLE 109 Nigeria Polyglycolic Acid Market by Form, 2020 - 2023, USD Million
TABLE 110 Nigeria Polyglycolic Acid Market by Form, 2024 - 2031, USD Million
TABLE 111 Nigeria Polyglycolic Acid Market by Form, 2020 - 2023, Tonnes
TABLE 112 Nigeria Polyglycolic Acid Market by Form, 2024 - 2031, Tonnes
TABLE 113 Nigeria Polyglycolic Acid Market by End-user, 2020 - 2023, USD Million
TABLE 114 Nigeria Polyglycolic Acid Market by End-user, 2024 - 2031, USD Million
TABLE 115 Nigeria Polyglycolic Acid Market by End-user, 2020 - 2023, Tonnes
TABLE 116 Nigeria Polyglycolic Acid Market by End-user, 2024 - 2031, Tonnes
TABLE 117 Rest of LAMEA Polyglycolic Acid Market, 2020 - 2023, USD Million
TABLE 118 Rest of LAMEA Polyglycolic Acid Market, 2024 - 2031, USD Million
TABLE 119 Rest of LAMEA Polyglycolic Acid Market, 2020 - 2023, Tonnes
TABLE 120 Rest of LAMEA Polyglycolic Acid Market, 2024 - 2031, Tonnes
TABLE 121 Rest of LAMEA Polyglycolic Acid Market by Form, 2020 - 2023, USD Million
TABLE 122 Rest of LAMEA Polyglycolic Acid Market by Form, 2024 - 2031, USD Million
TABLE 123 Rest of LAMEA Polyglycolic Acid Market by Form, 2020 - 2023, Tonnes
TABLE 124 Rest of LAMEA Polyglycolic Acid Market by Form, 2024 - 2031, Tonnes
TABLE 125 Rest of LAMEA Polyglycolic Acid Market by End-user, 2020 - 2023, USD Million
TABLE 126 Rest of LAMEA Polyglycolic Acid Market by End-user, 2024 - 2031, USD Million
TABLE 127 Rest of LAMEA Polyglycolic Acid Market by End-user, 2020 - 2023, Tonnes
TABLE 128 Rest of LAMEA Polyglycolic Acid Market by End-user, 2024 - 2031, Tonnes
TABLE 129 Key Information – BMG Incorporated
TABLE 130 Key Information – Huizhou Foryou Medical Devices Co., Ltd.
TABLE 131 Key Information – Unisur Lifecare Pvt Ltd
TABLE 132 Key Information – Orion Sutures India Pvt Ltd
TABLE 133 Key Information – Kureha Corporation
TABLE 134 Key Information – Shenzhen Polymtek Biomaterial Co., Ltd.
TABLE 135 Key Information – Haihang Industry CO., LTD.
TABLE 136 Key Information – Polysciences, Inc.
TABLE 137 Key Information – Teleflex Incorporated
TABLE 138 key Information – Merck KGaA
List of Figures
FIG 1 Methodology for the research
FIG 2 LAMEA Polyglycolic Acid Market, 2020 - 2031, USD Million
FIG 3 Key Factors Impacting Polyglycolic Acid Market
FIG 4 Porter’s Five Forces Analysis – Polyglycolic Acid Market
FIG 5 LAMEA Polyglycolic Acid Market share by Form, 2023
FIG 6 LAMEA Polyglycolic Acid Market share by Form, 2031
FIG 7 LAMEA Polyglycolic Acid Market by Form, 2020 - 2031, USD Million
FIG 8 LAMEA Polyglycolic Acid Market share by End-user, 2023
FIG 9 LAMEA Polyglycolic Acid Market share by End-user, 2031
FIG 10 LAMEA Polyglycolic Acid Market by End-user, 2020 - 2031, USD Million
FIG 11 LAMEA Polyglycolic Acid Market share by Country, 2023
FIG 12 LAMEA Polyglycolic Acid Market share by Country, 2031
FIG 13 LAMEA Polyglycolic Acid Market by Country, 2020 - 2031, USD Million
FIG 14 SWOT Analysis: Kureha Corporation
FIG 15 SWOT Analysis: Teleflex INcorporated
FIG 16 Swot Analysis: Merck KGaA