Chitosan is a type of carbohydrate with number of sugar molecules bonded closely. It consists of chitosan and chitin, which are two renewable and naturally abundant polymers having properties such as biodegradability, nature-friendly, adsorption and non-toxicity. This compound has numerous applications in the industry such as cosmetics, water treatment and agrochemicals. Chitosan is extracted from the outer shell of crustaceans for example shrimps, lobsters, crabs and others. The growth in global chitosan market is due to the rise in demand for the products used for treatment of contaminated water.
Analysis of Global Chitosan Market report:
The Global Chitosan Market is expected to reach USD 9.3 billion by 2025, from USD 6.2 billion in 2017 growing at a CAGR of 5.2% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2015 & 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
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Major Market Drivers And Restraints:
• Growing water treatment applications globally
• High growth of cosmetics with organic ingredients
• High cost of production
• Abundant availability of raw materials
• Lack of purity
Leading Key players profiled in this report are:
Some of the major players operating in the global chitosan market are - Qingdao Yunzhou Biochemistry Co., Panvo Organics Pvt. Ltd., Advanced Biopolymers AS, Meron Biopolymers, Biophrame Technologies, United Chitotechnologies Inc., Heppe Medical Chitosan GmbH, KitoZyme S.A, Kraeber & Co. GmbH, Foodchem International Corporation, Chitosanlab, FMC Corporation, Golden-Shell Pharmaceutical Co. Ltd., Primex EHF, Nano3Bio, Koyo World (Hong Kong) Co. Ltd., Dainichiseika Color & Chemicals Mfg. Co. Ltd., KYTOSAN LLC, PT Biotech Surindo, BioPhrame Technologies, Biothera among others.
Global Chitosan Market Segmentation:
• Based on source, the global chitosan market is segmented into oxidation of shrimp, crab, squid and krill.
• On the basis of application, the global chitosan market is classified into water treatment, pharmaceutical & biomedical, cosmetics, food & beverage, industrial, agrochemical and others.
• Based on geography, the global chitosan market report covers data points for 28 countries across multiple geographies namely North America & South America, Europe, Asia-Pacific and, Middle East & Africa.
Competitive Analysis: Global Chitosan Market
The global chitosan market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of chitosan market for global, Europe, North America, Asia Pacific and South America.
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The Global Chitosan market report provides the global market size of the main players in each region. Moreover, the report provides knowledge of the leading markets players within the Global Chitosan market. The industry changing factors for the market segments are explored in this report. This analysis report covers the growth factors of the worldwide market based on end-users. Market opportunities and recommendations for new investments are also encompassed in this report.
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