아시아 태평양 폴리글리콜산 시장 석유 및 가스 산업 - 2029년까지의 산업 동향 및 예측

시장 분석 및 규모

폴리글리콜산(PGA)은 간단한 선형 지방족 폴리에스터로 구성된 생분해성 폴리머입니다. PGA는 폴리축합 또는 고리 개방 중합을 통해 글리콜산 모노머에서 합성됩니다. 결정도가 높아 물과 유기 용매에 대한 용해도가 낮은 벌크 분해 폴리머입니다. 이 성분은 결정성이 매우 높아 녹는점이 높고 유기 용매에 대한 용해도가 낮습니다.

Data Bridge Market Research는 석유 및 가스 산업의 폴리글리콜산 시장이 2029년까지 21,334.50만 달러에 도달할 것으로 예상하며, 예측 기간 동안 CAGR은 4.5%입니다. 섬유질 소재는 "석유 시추 활동의 증가로 인해 해당 시장에서 가장 두드러진 형태 세그먼트를 차지합니다. Data Bridge Market Research 팀이 큐레이팅한 시장 보고서에는 심층적인 전문가 분석, 수입/수출 분석, 가격 분석, 생산 소비 분석 및 기후 사슬 시나리오가 포함되어 있습니다.

시장 정의

폴리글리콜산(PGA)은 PLA와 유사한 화학 구조를 가지고 있지만 메틸 측기가 없어 폴리머 사슬이 단단히 뭉쳐지고 높은 결정성, 높은 열 안정성, 매우 높은 가스 차단성, 높은 기계적 강도와 강성을 제공합니다. PGA는 빠르게 생분해되고 100% 퇴비화 가능하며 높은 친수성, 빠른 분해, 대부분 유기 용매에 대한 불용성과 같은 고유한 특성을 가지고 있습니다.

규제 프레임워크

• 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

아시아 태평양 폴리글리콜산 시장 석유 및 가스 산업 경쟁 구도는 경쟁자별 세부 정보를 제공합니다. 포함된 세부 정보는 회사 개요, 회사 재무, 창출된 수익, 시장 잠재력, 연구 개발 투자, 새로운 시장 이니셔티브, 글로벌 입지, 생산 현장 및 시설, 생산 용량, 회사의 강점과 약점, 제품 출시, 제품 폭과 범위, 응용 분야 우세입니다. 위에 제공된 데이터 포인트는 아시아 태평양 폴리글리콜산 시장 석유 및 가스 산업과 관련된 회사의 초점에만 관련이 있습니다.

석유 및 가스 산업의 폴리글리콜산 시장에서 활동하는 주요 기업으로는 KUREHA CORPORATION과 The Chemours Company가 있습니다.

SKU-68358