Summary

The global PGA Resin market size was US$ 138 million in 2024 and is forecast to a readjusted size of US$ 590 million by 2031 with a CAGR of 23.4% during the forecast period 2025-2031.
By 2025, the evolving U.S. tariff policy is poised to inject considerable uncertainty into the global economic landscape. This report delves into the latest U.S. tariff measures and the corresponding policy responses across the globe, evaluating their impacts on PGA Resin market competitiveness, regional economic performance, and supply chain configurations.
Polyglycolide or poly(glycolic acid) (PGA) Resin, also spelled as polyglycolic acid is a biodegradable, semi-crystalline thermoplastic. It is also the simplest linear, aliphatic polyester. PGA resins are known for their excellent gas barrier properties, relative high strength, and excellent biodegradability. Some grades have a biodegradation rate similar to cellulose and decompose under composting conditions into CO2 and water within one month.

PGA and its copolymers such as poly(lactic-co-glycolic acid), and poly(glycolide-co-caprolactone) are used in a number of applications. Due to PGA's very low permeability to O2 and CO2, it can be used as a packaging film for oxygen sensitive products, for example as an interlayer between two polyester films. Other important applications include shale gas extraction and other industrial processes as well as synthetic fast absorbable sutures for internal surgeries.

Globally, the core manufacturers of PGA resins include Kureha, Evonik, Samyang, Shenzhen Polymtek Biomaterials, Shanghai Pujing Chemical, Corbion, BMG and Teleflex. The only first-tier manufacturer in the world is Kureha, which accounts for about 36% of the market share; the second-tier manufacturers include Evonik, Samyang and Shenzhen Polymtek Biomaterials, which together account for about 52%.
From the perspective of manufacturers, only Kureha and Shanghai Pujing Chemical have large-scale commercial plants in operation, while Shenzhen Boli Biomaterials has a medium capacity, and other companies are more focused on medical-grade products.
From the perspective of product types, industrial grade occupies an important position, and its market share is expected to grow very fast in the future. At the same time, in terms of application, the current sales share of the oil and gas industry is about 94%, and the CAGR in the next few years will be about 51.2%. Medical-grade products account for about 0.6% of the total global sales of PGA resins, but due to their high prices, their global revenue share has reached 49.2%.

The global PGA Resin market is strategically segmented by company, region (country), by Type, and by Application. This report empowers stakeholders to capitalize on emerging opportunities, optimize product strategies, and outperform competitors through data-driven insights on sales, revenue, and forecasts across regions, by Type, and by Application for 2020-2031.

Market Segmentation
By Company:
Kureha
Corbion
BMG
Evonik
Teleflex
Samyang Biopharm
Meta Biomed
Shanghai Pujing Chemical
Shenzhen Polymtek Biomaterial
Huizhou Foryou Medical Device
Danhua Technology
Dodgen
By Type: (Dominant Segment vs High-Margin Innovation)
Industrial Grade
Medical Grade
By Application: (Core Demand Driver vs Emerging Opportunity)
Oil and Gas Industry
Medical Industry
Packing Industry
Others
By Region
Macro-Regional Analysis: Market Size & Growth Forecasts
- North America
- Europe
- Asia-Pacific
- South America
- Middle East & Africa
Micro-Local Market Deep Dive: Strategic Insights
- Competitive Landscape: Player dominance vs. disruptors (e.g., Kureha in Europe)
- Emerging Product Trends: Industrial Grade adoption vs. Medical Grade premiumization
- Demand-Side Dynamics: Oil and Gas Industry growth in China vs. Medical Industry potential in North America
- Localized Consumer Needs: Regulatory hurdles in EU vs. price sensitivity in India
Focus Markets:
North America
Europe
China
Japan
(Additional regions can be customized based on client needs.)

Chapter Outline
Chapter 1: Report scope, executive summary, and market evolution scenarios (short/mid/long term).
Chapter 2: Quantitative analysis of PGA Resin market size and growth potential at global, regional, and country levels.
Chapter 3: Competitive benchmarking of manufacturers (revenue, market share, M&A, R&D focus).
Chapter 4: Type-based segmentation analysis – Uncovering blue ocean markets (e.g., Medical Grade in China).
Chapter 5: Application-based segmentation analysis – High-growth downstream opportunities (e.g., Medical Industry in India).
Chapter 6: Regional sales and revenue breakdown by company, type, application and customer.
Chapter 7: Key manufacturer profiles – Financials, product portfolios, and strategic developments.
Chapter 8: Market dynamics – Drivers, restraints, regulatory impacts, and risk mitigation strategies.
Chapter 9: Actionable conclusions and strategic recommendations.
Why This Report?
Unlike generic global market reports, this study combines macro-level industry trends with hyper-local operational intelligence, empowering data-driven decisions across the PGA Resin value chain, addressing:
- Market entry risks/opportunities by region
- Product mix optimization based on local practices
- Competitor tactics in fragmented vs. consolidated markets

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Table of Contents

1 Market Overview
1.1 PGA Resin Product Scope
1.2 PGA Resin by Type
1.2.1 Global PGA Resin Sales by Type (2020 & 2024 & 2031)
1.2.2 Industrial Grade
1.2.3 Medical Grade
1.3 PGA Resin by Application
1.3.1 Global PGA Resin Sales Comparison by Application (2020 & 2024 & 2031)
1.3.2 Oil and Gas Industry
1.3.3 Medical Industry
1.3.4 Packing Industry
1.3.5 Others
1.4 Global PGA Resin Market Estimates and Forecasts (2020-2031)
1.4.1 Global PGA Resin Market Size in Value Growth Rate (2020-2031)
1.4.2 Global PGA Resin Market Size in Volume Growth Rate (2020-2031)
1.4.3 Global PGA Resin Price Trends (2020-2031)
1.5 Assumptions and Limitations
2 Market Size and Prospective by Region
2.1 Global PGA Resin Market Size by Region: 2020 VS 2024 VS 2031
2.2 Global PGA Resin Retrospective Market Scenario by Region (2020-2025)
2.2.1 Global PGA Resin Sales Market Share by Region (2020-2025)
2.2.2 Global PGA Resin Revenue Market Share by Region (2020-2025)
2.3 Global PGA Resin Market Estimates and Forecasts by Region (2026-2031)
2.3.1 Global PGA Resin Sales Estimates and Forecasts by Region (2026-2031)
2.3.2 Global PGA Resin Revenue Forecast by Region (2026-2031)
2.4 Major Region and Emerging Market Analysis
2.4.1 North America PGA Resin Market Size and Prospective (2020-2031)
2.4.2 Europe PGA Resin Market Size and Prospective (2020-2031)
2.4.3 China PGA Resin Market Size and Prospective (2020-2031)
2.4.4 Japan PGA Resin Market Size and Prospective (2020-2031)
3 Global Market Size by Type
3.1 Global PGA Resin Historic Market Review by Type (2020-2025)
3.1.1 Global PGA Resin Sales by Type (2020-2025)
3.1.2 Global PGA Resin Revenue by Type (2020-2025)
3.1.3 Global PGA Resin Price by Type (2020-2025)
3.2 Global PGA Resin Market Estimates and Forecasts by Type (2026-2031)
3.2.1 Global PGA Resin Sales Forecast by Type (2026-2031)
3.2.2 Global PGA Resin Revenue Forecast by Type (2026-2031)
3.2.3 Global PGA Resin Price Forecast by Type (2026-2031)
3.3 Different Types PGA Resin Representative Players
4 Global Market Size by Application
4.1 Global PGA Resin Historic Market Review by Application (2020-2025)
4.1.1 Global PGA Resin Sales by Application (2020-2025)
4.1.2 Global PGA Resin Revenue by Application (2020-2025)
4.1.3 Global PGA Resin Price by Application (2020-2025)
4.2 Global PGA Resin Market Estimates and Forecasts by Application (2026-2031)
4.2.1 Global PGA Resin Sales Forecast by Application (2026-2031)
4.2.2 Global PGA Resin Revenue Forecast by Application (2026-2031)
4.2.3 Global PGA Resin Price Forecast by Application (2026-2031)
4.3 New Sources of Growth in PGA Resin Application
5 Competition Landscape by Players
5.1 Global PGA Resin Sales by Players (2020-2025)
5.2 Global Top PGA Resin Players by Revenue (2020-2025)
5.3 Global PGA Resin Market Share by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in PGA Resin as of 2024)
5.4 Global PGA Resin Average Price by Company (2020-2025)
5.5 Global Key Manufacturers of PGA Resin, Manufacturing Sites & Headquarters
5.6 Global Key Manufacturers of PGA Resin, Product Type & Application
5.7 Global Key Manufacturers of PGA Resin, Date of Enter into This Industry
5.8 Manufacturers Mergers & Acquisitions, Expansion Plans
6 Region Analysis
6.1 North America Market: Players, Segments, Downstream and Major Customers
6.1.1 North America PGA Resin Sales by Company
6.1.1.1 North America PGA Resin Sales by Company (2020-2025)
6.1.1.2 North America PGA Resin Revenue by Company (2020-2025)
6.1.2 North America PGA Resin Sales Breakdown by Type (2020-2025)
6.1.3 North America PGA Resin Sales Breakdown by Application (2020-2025)
6.1.4 North America PGA Resin Major Customer
6.1.5 North America Market Trend and Opportunities
6.2 Europe Market: Players, Segments, Downstream and Major Customers
6.2.1 Europe PGA Resin Sales by Company
6.2.1.1 Europe PGA Resin Sales by Company (2020-2025)
6.2.1.2 Europe PGA Resin Revenue by Company (2020-2025)
6.2.2 Europe PGA Resin Sales Breakdown by Type (2020-2025)
6.2.3 Europe PGA Resin Sales Breakdown by Application (2020-2025)
6.2.4 Europe PGA Resin Major Customer
6.2.5 Europe Market Trend and Opportunities
6.3 China Market: Players, Segments, Downstream and Major Customers
6.3.1 China PGA Resin Sales by Company
6.3.1.1 China PGA Resin Sales by Company (2020-2025)
6.3.1.2 China PGA Resin Revenue by Company (2020-2025)
6.3.2 China PGA Resin Sales Breakdown by Type (2020-2025)
6.3.3 China PGA Resin Sales Breakdown by Application (2020-2025)
6.3.4 China PGA Resin Major Customer
6.3.5 China Market Trend and Opportunities
6.4 Japan Market: Players, Segments, Downstream and Major Customers
6.4.1 Japan PGA Resin Sales by Company
6.4.1.1 Japan PGA Resin Sales by Company (2020-2025)
6.4.1.2 Japan PGA Resin Revenue by Company (2020-2025)
6.4.2 Japan PGA Resin Sales Breakdown by Type (2020-2025)
6.4.3 Japan PGA Resin Sales Breakdown by Application (2020-2025)
6.4.4 Japan PGA Resin Major Customer
6.4.5 Japan Market Trend and Opportunities
7 Company Profiles and Key Figures
7.1 Kureha
7.1.1 Kureha Company Information
7.1.2 Kureha Business Overview
7.1.3 Kureha PGA Resin Sales, Revenue and Gross Margin (2020-2025)
7.1.4 Kureha PGA Resin Products Offered
7.1.5 Kureha Recent Development
7.2 Corbion
7.2.1 Corbion Company Information
7.2.2 Corbion Business Overview
7.2.3 Corbion PGA Resin Sales, Revenue and Gross Margin (2020-2025)
7.2.4 Corbion PGA Resin Products Offered
7.2.5 Corbion Recent Development
7.3 BMG
7.3.1 BMG Company Information
7.3.2 BMG Business Overview
7.3.3 BMG PGA Resin Sales, Revenue and Gross Margin (2020-2025)
7.3.4 BMG PGA Resin Products Offered
7.3.5 BMG Recent Development
7.4 Evonik
7.4.1 Evonik Company Information
7.4.2 Evonik Business Overview
7.4.3 Evonik PGA Resin Sales, Revenue and Gross Margin (2020-2025)
7.4.4 Evonik PGA Resin Products Offered
7.4.5 Evonik Recent Development
7.5 Teleflex
7.5.1 Teleflex Company Information
7.5.2 Teleflex Business Overview
7.5.3 Teleflex PGA Resin Sales, Revenue and Gross Margin (2020-2025)
7.5.4 Teleflex PGA Resin Products Offered
7.5.5 Teleflex Recent Development
7.6 Samyang Biopharm
7.6.1 Samyang Biopharm Company Information
7.6.2 Samyang Biopharm Business Overview
7.6.3 Samyang Biopharm PGA Resin Sales, Revenue and Gross Margin (2020-2025)
7.6.4 Samyang Biopharm PGA Resin Products Offered
7.6.5 Samyang Biopharm Recent Development
7.7 Meta Biomed
7.7.1 Meta Biomed Company Information
7.7.2 Meta Biomed Business Overview
7.7.3 Meta Biomed PGA Resin Sales, Revenue and Gross Margin (2020-2025)
7.7.4 Meta Biomed PGA Resin Products Offered
7.7.5 Meta Biomed Recent Development
7.8 Shanghai Pujing Chemical
7.8.1 Shanghai Pujing Chemical Company Information
7.8.2 Shanghai Pujing Chemical Business Overview
7.8.3 Shanghai Pujing Chemical PGA Resin Sales, Revenue and Gross Margin (2020-2025)
7.8.4 Shanghai Pujing Chemical PGA Resin Products Offered
7.8.5 Shanghai Pujing Chemical Recent Development
7.9 Shenzhen Polymtek Biomaterial
7.9.1 Shenzhen Polymtek Biomaterial Company Information
7.9.2 Shenzhen Polymtek Biomaterial Business Overview
7.9.3 Shenzhen Polymtek Biomaterial PGA Resin Sales, Revenue and Gross Margin (2020-2025)
7.9.4 Shenzhen Polymtek Biomaterial PGA Resin Products Offered
7.9.5 Shenzhen Polymtek Biomaterial Recent Development
7.10 Huizhou Foryou Medical Device
7.10.1 Huizhou Foryou Medical Device Company Information
7.10.2 Huizhou Foryou Medical Device Business Overview
7.10.3 Huizhou Foryou Medical Device PGA Resin Sales, Revenue and Gross Margin (2020-2025)
7.10.4 Huizhou Foryou Medical Device PGA Resin Products Offered
7.10.5 Huizhou Foryou Medical Device Recent Development
7.11 Danhua Technology
7.11.1 Danhua Technology Company Information
7.11.2 Danhua Technology Business Overview
7.11.3 Danhua Technology PGA Resin Sales, Revenue and Gross Margin (2020-2025)
7.11.4 Danhua Technology PGA Resin Products Offered
7.11.5 Danhua Technology Recent Development
7.12 Dodgen
7.12.1 Dodgen Company Information
7.12.2 Dodgen Business Overview
7.12.3 Dodgen PGA Resin Sales, Revenue and Gross Margin (2020-2025)
7.12.4 Dodgen PGA Resin Products Offered
7.12.5 Dodgen Recent Development
8 PGA Resin Manufacturing Cost Analysis
8.1 PGA Resin Key Raw Materials Analysis
8.1.1 Key Raw Materials
8.1.2 Key Suppliers of Raw Materials
8.2 Proportion of Manufacturing Cost Structure
8.3 Manufacturing Process Analysis of PGA Resin
8.4 PGA Resin Industrial Chain Analysis
9 Marketing Channel, Distributors and Customers
9.1 Marketing Channel
9.2 PGA Resin Distributors List
9.3 PGA Resin Customers
10 PGA Resin Market Dynamics
10.1 PGA Resin Industry Trends
10.2 PGA Resin Market Drivers
10.3 PGA Resin Market Challenges
10.4 PGA Resin Market Restraints
11 Research Findings and Conclusion
12 Appendix
12.1 Research Methodology
12.1.1 Methodology/Research Approach
12.1.1.1 Research Programs/Design
12.1.1.2 Market Size Estimation
12.1.1.3 Market Breakdown and Data Triangulation
12.1.2 Data Source
12.1.2.1 Secondary Sources
12.1.2.2 Primary Sources
12.2 Author Details
12.3 Disclaimer