Press release
Chitosan Market Demand, Research Insights by 2031
According to a recent business intelligence study on the chitosan market by Transparency Market Research (TMR), easy availability of raw materials and expanding application scope are expected to drive the chitosan market in the near future. Removal of pollutants in industries and municipal wastewater management facilities is expected to open up vast new opportunities for the chitosan market in the near future. As per the projections of the TMR report, the global chitosan market is anticipated to be valued at US$ 23.2 Bn by the end of 2031, with the demand growing at an impressive CAGR of 17.8% during the forecast period of 2021 to 2031.
๐๐๐ญ ๐๐๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ซ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐๐ง๐ ๐๐ฎ๐ฌ๐ข๐ง๐๐ฌ๐ฌ ๐๐ง๐ญ๐๐ฅ๐ฅ๐ข๐ ๐๐ง๐๐ -https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=3333
Abundance of Raw Materials Encouraging New Players to Enter Global Chitosan Market
Chitosan is a natural biopolymer that is the second most abundant polysaccharide (after cellulose) in the world. Therefore, it is easy for new players to make a foray into and account for significant share of the chitosan market. The TMR report has identified and profiled a few prominent players of the chitosan market, including Xianju Tengwang Chitosan Factory, GTC Bio Corp., PT Biotech Surindo, Golden-Shell Pharmaceutical Co. Ltd., Biothera, Primex ehf, Panvo Organics Pvt. Ltd., Heppe Medical Chitosan GmbH, MC Health and Nutrition, and KitoZyme S.A. The value chain of the chitosan market includes a number of raw material suppliers, followed by manufacturers who process and supply finished products to end-use industries.
Chitosan is procured from shrimp shell waste, which is a by-product of the fishery industry. Thus, partnering with those players is turning into a profitable strategy for major players operating in the chitosan market. This integration ensures consistent supply of raw materials. Since long, Japan-based companies have held major position in the chitosan market. However, players from other Asian countries such as China are now making a mark.
๐๐๐ค๐ ๐๐ง ๐๐ง๐ช๐ฎ๐ข๐ซ๐ฒ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ -https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=3333
Based on application, the TMR report segments the chitosan market into agrochemical, cosmetics, food & beverages, industrial, biomedicine & pharmaceuticals, water treatment, and others (including fuel cells and photographic products). Among these, water treatment continues to be the leading application segment, leveraging the coagulation and flocculation properties as well as low cost of chitosan. Chitosan is capable of absorbing substantially big metal ions. Geographically, Asia Pacific is anticipated to remain the most lucrative region dominated by leading chitosan producers - China and Japan.
Wastewater Treatment Application Driving Demand for Chitosan
Unique and useful properties of chitosan, abundant availability of raw materials, and growing awareness regarding its health benefits are some of the key factors driving the global demand for chitosan. On the other hand, stringent regulations pertaining to shrimp farming, striking disadvantages of the products in drug delivery systems, and instability in some of the other applications are hampering the chitosan market. According to the report, the production of chitosan from non-aquatic sources is likely to provide lucrative opportunities for the global chitosan market.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐จ๐ซ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ ๐๐๐ฌ๐๐๐ซ๐๐ก -https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=3333
Global Chitosan Market: Segmentation
Chitosan Market, by Application
Water Treatment
Biomedicine & Pharmaceuticals
Industrial
Food & Beverages
Cosmetics
Agrochemical
Others (Including Fuel Cells and Photographic Products)
๐๐จ๐ซ๐ ๐๐ซ๐๐ง๐๐ข๐ง๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ฒ ๐๐ซ๐๐ง๐ฌ๐ฉ๐๐ซ๐๐ง๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก -
๐๐ข๐ช๐ฎ๐ข๐ ๐๐จ๐ฅ๐ฒ๐๐ฎ๐ญ๐๐๐ข๐๐ง๐ [๐๐๐๐] ๐๐๐ซ๐ค๐๐ญ -https://www.globenewswire.com/news-release/2022/10/03/2526527/0/en/Liquid-Polybutadiene-LPBD-Market-to-Grow-at-5-CAGR-during-Forecast-Period-TMR-Study.html
๐๐ฆ๐๐ซ๐ญ ๐๐จ๐ฅ๐ฒ๐ฆ๐๐ซ๐ฌ ๐๐๐ซ๐ค๐๐ญ -https://www.accesswire.com/718718/Smart-Polymers-Market-to-Reach-US-27-Bn-by-2030-TMR-Study
๐๐๐จ๐ฎ๐ญ ๐๐ฌ ๐๐ซ๐๐ง๐ฌ๐ฉ๐๐ซ๐๐ง๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐ฌ
Nikhil Sawlani
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
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Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
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Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com
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