Rising demand for wastewater treatment for eliminating impurities to drive global chitosan market through 2024

According to a report released at TechSci Research, “Global Chitosan Market By Source, By Application, By Region, Competition, Forecast & Opportunities, 2024”, global chitosan market is anticipated to grow at a CAGR of around 20% during forecast period on account of easy availability of raw material and increasing utilization of chitosan in various industries such as medical, agrochemicals, pharmaceuticals, among others. Chitosan is the deacetylated form of chitin and industrial grade chitosan is the preferred type due to its low cost. Chitosan also acts as adsorbent and flocculent in the water treatment, which is fueling its demand for wastewater treatment.

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Asia-Pacific dominates global chitosan market on account of increasing demand for clean, potable drinking water across the region. Moreover, owing to changing food habits, obesity and obesity-related diseases are on the rise in Asia-Pacific, which is driving demand for dietary supplements and nutraceuticals, thereby leading to the growth of chitosan as it is used in supplements. Additionally, with increasing population, growing industrialization, and depleting freshwater sources, the demand for fresh water is increasing rapidly across the region. As a result, governments and major players operating in the region are investing in water treatment, thereby further driving growth in the market.

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“Chitosan is used in water treatment application due to its biosorbent ability, which enables it to remove pollutants from wastewater. Wastewater from industries and other such sources is a severe threat to the environment. Chitosan is one of the inexpensive materials used for the treatment of water. It offers outstanding absorbing capabilities than any other absorbent. Thus, these factors are leading to the increased use of chitosan for water treatment.” stated Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Global Chitosan Market By Source, By Application, By Region, Competition, Forecast & Opportunities, 2024” has evaluated the future growth potential of global chitosan market and provides statistics and information on market structure, size, share and future growth. The report is intended to provide cutting-edge market intelligence and help decision makers to take sound investment decision. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities present in the global chitosan market.

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