Marché de l'acide polyglycolique dans l'industrie pétrolière et gazière en Asie-Pacifique - Tendances et prévisions de l'industrie jusqu'en 2029

Analyse et taille du marché

L'acide polyglycolique (PGA) est un polymère biodégradable constitué d'un simple polyester aliphatique linéaire. Le PGA est synthétisé à partir de monomères d'acide glycolique par polycondensation ou polymérisation par ouverture de cycle. Il s'agit d'un polymère dégradable en masse avec une faible solubilité dans l'eau et les solvants organiques en raison de son degré élevé de cristallinité. Le composant est hautement cristallin et présente par conséquent un point de fusion élevé et une faible solubilité dans les solvants organiques.

Data Bridge Market Research analyse que le marché de l'acide polyglycolique dans l'industrie pétrolière et gazière devrait atteindre la valeur de 21 334,50 milliers USD d'ici 2029, à un TCAC de 4,5 % au cours de la période de prévision. Les matériaux fibreux « représentent le segment de forme le plus important sur le marché respectif en raison de l'augmentation des activités de forage pétrolier. Le rapport de marché organisé par l'équipe de Data Bridge Market Research comprend une analyse approfondie des experts, une analyse des importations/exportations, une analyse des prix, une analyse de la consommation de production et un scénario de chaîne climatique.

Définition du marché

L'acide polyglycolique (PGA) a une structure chimique similaire à celle du PLA mais sans le groupe latéral méthyle, ce qui permet aux chaînes polymères de se regrouper étroitement et d'obtenir un degré élevé de cristallinité, une stabilité thermique élevée, une barrière aux gaz exceptionnellement élevée, ainsi qu'une résistance mécanique et une rigidité élevées. Le PGA est rapidement biodégradable et 100 % compostable et possède des caractéristiques intrinsèques telles qu'une hydrophilie élevée, une dégradation rapide et une insolubilité dans la plupart des solvants organiques.

Cadre réglementaire

• US9303118B2: A method of preparing a poly (glycolic acid) (PGA) from the C1 feedstocks carbon monoxide and formaldehyde or its equivalent. By controlling the comonomer feed ratios and the polymerization temperatures, high-quality PGA can be prepared. The method is extended to copolymers of PGA where alkylene oxides or cyclic ether comonomers are included in the polymerization mixture with the C1 monomers to yield polyester-ether thermoplastics.

These standards provide qualification for PGA production, protocols and guidelines that ensures a high level of security and certifies the material for use.

COVID-19 had a Minimal Impact on Asia-Pacific Polyglycolic Acid Market in Oil & Gas Industry

COVID-19 impacted various manufacturing industries in the year 2020-2021 as it led to the closure of workplaces, disruption of supply chains, and restrictions on transportation. However, significant impact was noticed on polyglycolic acid market. The operations and supply chain of polyglycolic acid, with multiple manufacturing facilities were still operating in the region. The service providers continued offering polyglycolic acid following sanitation and safety measures in the post-COVID scenario.

The Market Dynamics of the Asia-Pacific Polyglycolic Acid Market in Oil & Gas Industry Include:

Drivers/opportunities faced by the Asia-Pacific polyglycolic acid market in oil & gas industry-

• The rising use of PGA in shale gas and oil exploration

With the advance of extraction technology, shale gas production has led to a new abundance of natural gas supply around the world over the past decade, and is expected to continue to do so for the foreseeable future. In general, increased domestic production of energy resources often results in larger supplies and lower prices, a reduced need for imports and enhanced the countries energy security. In conclusion, the production units of gas exploration have set an ambitious target to increase the area under exploration and production with an objective of increased domestic production of oil and gas. This in turn raises the demand for PGA and thus contributing to the growth of Asia-Pacific polyglycolic acid market in oil & gas industry.

• Increasing oil and gas drilling operations around the world

The rise in the oil drilling activities offers benefits for both the global economy and the global environment. The oil drilling requires a refinement process that makes usable petroleum products utilized around the world. The oil drilling technologies require PGA which are then used for air pollution control, particularly for removing harmful particulate matter from waste gases at industrial facilities and power-generating stations. In conclusion, the use of PGA in industrial filters and precipitators can remove a number of particulate exhaust elements such as coal or oil smoke, salt cake, chemical pulp extracts, and gaseous elements. This in turn raises the demand for PGA and thus contributing to the growth of Asia-Pacific polyglycolic acid market in oil & gas industry.

• Growing use of PGA in fresh water and high-salinity water fracturing processes

The boom in oil and gas produced through hydraulic fracturing, or fracking, is seen as a boon for meeting the world’s energy needs. Produced water from fossil-fuel wells can have salinity three to six times greater than that of seawater and this salt can be effectively removed through a succession of stages of electro dialysis. In conclusion, PGA can also work as a delayed-release acid through degradation, which enables the decomposition or activation of various types of finishing fluids. This in turn created opportunity for polyglycolic acid market and hence accelerating the growth of the Asia-Pacific polyglycolic acid market in oil & gas industry.

• Rise in R&D activities of PGA

Oil and gas operations conducted in different regions improve the standard of living of the society by promoting the sustainable development of the often-marginalized regions where the production units are typically located. In recent times, governments of different countries have been investing in research activities of several fluids used in the gas production including PGA for the development of environmental management along with focusing on infrastructure costs for hosting oil and gas operations in the particular regions. In conclusion, governments of developing countries are also prioritizing the development of CGD networks to enhance domestic gas distribution to the PNG (Domestic) and CNG (Transportation) segments. This in turn created opportunity for polyglycolic acid market and hence accelerating the growth of the Asia-Pacific polyglycolic acid market in oil & gas industry.

Restraints/Challenges faced by the Asia-Pacific Polyglycolic Acid Market in Oil & Gas Industry

• High cost of production for PGA

Increasing drilling and finishing efficiency and shifting to longer wells for gas extraction with more complex finishing stages tend to drive up oil and natural gas costs, impacting the drilling and finishing supply market, affecting drilling operations. As it is expensive to own land for exploration, and drilling is sometimes a condition of the contract, companies drill in the field and keep the well running even if prices are dropped. As with any resource extraction industry, production cannot be idled, so the demand for labor, equipment costs, rent, and more continues to grow even when output declines and hence increasing the overall costs of gas exploration. In addition, the involvement of different types of equipment and machines using PGA for the extraction of oil and gas from deep sea level includes huge costs of production. This in turn hinders the growth of the Asia-Pacific polyglycolic acid market in oil & gas industry.

• Fluctuations in the prices of natural gas

Natural gas price fluctuations are a function of market supply and demand. The alternatives to natural gas are limited, particularly in the short-term. This means that any change in the supply or demand for natural gas, even over short periods, can result in significant price changes. Due to natural gas supply infrastructure constraints and limitations in the ability of many natural gas consumers to switch fuels quickly, short-term increases in demand and/or reductions in supply may cause large changes in natural gas prices. In conclusion, typical weather conditions force the natural gas refineries to slow or shut down production during periods when weather events pose a threat to workers and facilities. This in turn decreases the demand for polyglycolic acid and thus hinders the growth of the Asia-Pacific polyglycolic acid market in oil & gas industry.

This Asia-Pacific Polyglycolic Acid Market in Oil & Gas Industry report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the rodenticides market contact Data Bridge Market Research for an Analyst Brief. Our team will help you take an informed market decision to achieve market growth.

Recent Development

•   In July, 2021, KUREHA CORPORATION built a new polyvinylidene fluoride (“PVDF”) plant at its wholly-owned subsidiary, Kureha Changshu Fluoropolymers Co., in China. This has enabled the company to strengthen its position in Asia-Pacific region.
•   In April, 2022, The Chemours Company announced that it will host an investor webinar on May 16, 2022 with a focus on the thermal & specialized solutions segment highlighting secular dynamics, key business drivers, and strategic initiatives for growth. This has in turn helped the company to attract more customers worldwide.

Asia-Pacific Polyglycolic Acid Market in Oil & Gas Industry Scope

The Asia-Pacific Polyglycolic Acid Market in Oil & Gas Industry is segmented on the basis of form and application. The growth amongst these segments will help you analyze growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Form

• Fibrous Materials
• Powder/Granular
• Films
• Others

Based on form, the Asia-Pacific polyglycolic acid market in oil & gas industry is segmented into powder/granular, fibrous materials, films and others.

Application

• Oil Extraction
• Hydraulic Fracturing
• Downhole Tools
• Scale Control and Remediation
• Horizontal Well Stimulation
• Gypsum Removal
• Metal Naphthenate Dissolution
• Removal of Water Soluble Organics
• Well Control
• Pressure Management
• Others

Based on application, the Asia-Pacific polyglycolic acid market in oil & gas industry is segmented into scale control and remediation, horizontal well stimulation, gypsum removal, metal naphthenate dissolution, removal of water soluble organics, hydraulic fracturing, downhole tools, pressure management, well control, oil extraction and others.

Polyglycolic Acid Market in Oil & Gas Industry Market Regional Analysis/Insights

The Asia-Pacific polyglycolic acid market in oil & gas industry is segmented on the basis of form and application as referenced above.

The countries covered in the Asia-Pacific polyglycolic acid market in oil & gas industry are Japan, China, India, South Korea, Australia & New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines & Rest of Asia-Pacific. China is dominating the market due to the increasing oil drilling activities in the country.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Asia-Pacific Polyglycolic Acid Market in Oil & Gas Industry Share Analysis

Le paysage concurrentiel du marché de l'acide polyglycolique en Asie-Pacifique dans l'industrie pétrolière et gazière fournit des détails par concurrent. Les détails inclus sont l'aperçu de l'entreprise, les finances de l'entreprise, les revenus générés, le potentiel du marché, les investissements dans la recherche et le développement, les nouvelles initiatives du marché, la présence mondiale, les sites et installations de production, les capacités de production, les forces et les faiblesses de l'entreprise, le lancement du produit, la largeur et l'étendue du produit, la domination des applications. Les points de données ci-dessus fournis ne concernent que l'orientation des entreprises liées au marché de l'acide polyglycolique en Asie-Pacifique dans l'industrie pétrolière et gazière.

Les acteurs opérant sur le marché de l'acide polyglycolique dans l'industrie pétrolière et gazière sont KUREHA CORPORATION et The Chemours Company.

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