Press release
Chitosan Market to witness heavy growth till 2024, Key Players, FMC Corporation, Shell, Primex Pharmaceuticals, KitoZyme, GTCbio
Chitosan Market
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Researchers at the National University of Singapore have succeeded in developing an ecofriendly food packaging material that is chemical additives free by fortifying natural chitosan composite film with seed extract from grapefruit. This innovative food packaging material can impede fungal growth resulting in doubling the shelf life of perishable food. As such packaging options come to achieve mainstream acceptance, chitosan market is bound to register a growth influx over the ensuing years.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. GTCbio
2. Panvo Organics P Ltd
3. KitoZyme
4. Xianju Tengwang Chitosan Factory
5. FMC Corporation
6. Shell
7. PT Bio Takara
8. Primex Pharmaceuticals
9. Heppe Medical Chitosan GmbH
10. Dainichi Seika Vietnam Co., Ltd.
The production procedure for chitin and chitosan involves use of hydrogen peroxide and high temperatures besides the use of aggressive agents, concentrated solutions of acids and sodium hydroxide. Large volumes of industrial wastewater containing acid and alkali are produced during the chemical treatment of chitin and chitosan. However, the compounds are used across a wide array of industries that include medicine, agriculture, cosmetics and food processing.
Massive investments by the companies and research institutes in new product development along with the emergence of the latest technology trends are poised to expedite the commercialization scope of chitosan market considerably. The frequent launch of new products will also help players to gain an edge over their competitors. The continuous involvement of scientists in the invention of effective medicinal formulations with the integration of chitin and chitosan products will further strengthen the industry trends. Powered by the surging contribution of companies to minimize the initial production cost and the expanding application terrain of this material, the overall chitosan market is likely to surpass a revenue collection of USD 5.1 billion by the end of 2024.
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Chitosan Market from prawns segment is expected to witness gains of approximately 19% by 2024. Prawns are small aquatic crustaceans with an exoskeleton and ten legs. They are broadly used in the development of chitin via multistep process involving washing, blending, decalcification, deproteination, followed by deacetylation of Chitin to produce the final product. It finds wide-ranging applications in water treatment, agrochemical, food & beverage, personal care, healthcare, among various others. For instance, in the personal care industry, product is used to produce skin care, hair care as well as dental care products. Additionally, significant demand for organic, non-toxic ingredients in cosmetics is likely to make noteworthy contribution to the overall chitosan market by 2024.
Glimpse of Table of Content (ToC)
Chapter 3. Chitosan Market Insights
3.1. Industry segmentation
3.2. Chitosan Market size and forecast, 2014 – 2024
3.3. Chitosan Market ecosystem analysis
3.3.1. Raw material analysis
3.3.2. Manufacturing trends
3.3.3. Profit margin
3.3.4. Value addition
3.3.5. Distribution channel analysis
3.3.6. Vendor matrix
3.3.6.1. List of key raw material suppliers
3.3.6.2. List of key manufacturers/distributors
3.3.6.3. List of key/potential customers
3.4. Innovation & sustainability
3.4.1. Patent analysis
3.4.2. Technology landscape
3.4.3. Future trends
3.5. Industry impact forces
3.5.1. Growth drivers
3.5.1.1. Global drivers
3.5.1.1.1. Rising water treatment activities in Asia Pacific
3.5.1.1.2. Strong source demand from cosmetics industry in Europe and North America
3.5.1.1.3. Strong advancements in healthcare/medical industry in North America
3.5.1.1.4. Rapidly growing agricultural activities in Asia Pacific
3.5.2. Industry pitfalls & challenges
3.5.2.1. High production cost
3.6. Regulatory landscape
3.6.1. U.S.
3.6.2. Europe
3.6.3. China
3.7. Growth potential analysis
3.8. Regional price trends
3.8.1. Cost structure analysis
3.8.1.1. R&D cost
3.8.1.2. Manufacturing & equipment cost
3.8.1.3. Raw material cost
3.8.1.4. Distribution cost
3.8.1.5. Operating cost
3.8.1.6. Miscellaneous cost
3.8.2. Price by source
3.8.3. Price by end-user
3.9. Competitive landscape, 2017
3.9.1. Company market share analysis, 2017
3.9.2. Strategic dashboard
3.10. Porter’s analysis
3.10.1. Supplier power
3.10.2. Buyer power
3.10.3. Threat of new entrants
3.10.4. Threat of substitutes
3.10.5. Industry rivalry
3.11. PESTEL analysis
Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/chitosan-market
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