Press release
Chitosan Market Global Analysis by GTC Bio Corporation, Xianju Teng wang Chitosan Factory, Golden-Shell Pharmaceutical Co, FMC Health & Nutrition
Chitosan Market, Chitosan Market Study, Chitosan Market Size, Chitosan Market Segmentation, Chitosan Market Growth
Chitosan Market size is expected to reach USD 7.90 billion by 2024. Increasing product use in hair care, anti-aging creams, and dental care products will positively influence industry growth. For instance, cosmetics giant L'Oréal uses chitosan as an ingredient to manufacture a wide product range.
This report focuses on the top Manufacturers and players in global market are given bellow:-
Panvo Organics Pvt., Ltd, GTC Bio Corporation, XianjuTengwang Chitosan Factory, and KitoZyme S.A. Others notable players include Golden-Shell Pharmaceutical Co., FMC Health and Nutrition, PT Biotech Surindo, and Panvo Organics Pvt., Ltd.
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Paint &coatings dominated the global Chitosan market size and accounted for more than 30% of global share in 2015. These are extensively used to upgrade paint properties including emulsion stability, leveling and anti-sagging. In water based paints, they are used to increase the paints durability and maintain consistency. Paints &coatings market generated revenue around USD 130 billion globally in 2015 and should exceed USD 210 billion over the forecast timeframe.
Rising consumer awareness complemented by increasing consumer disposable expenditure for personal care products on account of individual hygiene has propelled demand for hair &skin care goods such as shampoos, conditioners, body lotions and creams. In 2015, personal care industry was valued at over USD 580 billion and may range up to USD 790 billion by 2024, at over 3.5%. Organo-clay Chitosan market is primarily employed in personal care products to maintain their consistency owing to boost industry share.
Chitosan Market Size By Product (Organic, Inorganic)
By Application (Paints & Coatings, Personal Care, Adhesives & Sealants, Textiles, Pharmaceuticals, Pulp & Paper, Construction)
Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, China, India, Japan, Australia, Indonesia, Malaysia, Brazil, Mexico, South Africa, GCC)
Growth Potential, Price Trends, Competitive Market Share & Forecast, 2013 - 2024
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Water treatment application generated revenue more than USD 300 million in 2015. Rapid industrialization resulting in rising clean water demand is forecast to propel global chitosan market size for water treatment application.
Food &Beverage application is anticipated to witness gains at over 16% application. Improved consumer lifestyles along with changing food habits will drive industry growth from 2016 to 2024.
Cosmetics application was valued at over USD 500 million in 2015. Increasing product use in hair care, anti-aging creams, and dental care products will positively influence industry growth. For instance, cosmetics giant L'Oréal uses chitosan as an ingredient to manufacture a wide product range.
North America, driven by U.S. chitosan market size, generated revenue more than USD 550 million in 2015. Increasing health awareness amongst consumers and high obesity rate in the region is likely to boost industry growth over the forecast timeframe.
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Asia Pacific dominated the chitosan market share and accounted approximately half of the global revenue in 2015. Fast growing industrial sector and improving customer’s lifestyle in the region will compliment industry growth by 2024. In addition, agrochemical is anticipated to be the fastest growing application in the region.
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