Chitosan Market | Latest Industry Inside and Depth Analysis Top Leading Players Till 2031 | 180 Pages Report

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.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐏𝐃𝐅 𝐬𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 -
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.

𝐌𝐚𝐤𝐞 𝐚𝐧 𝐄𝐧𝐪𝐮𝐢𝐫𝐲 𝐛𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 -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.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐟𝐨𝐫 𝐂𝐮𝐬𝐭𝐨𝐦 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 -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)

𝐌𝐨𝐫𝐞 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 -

Liquid Polybutadiene [LPBD] Market - 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

Smart Polymers Market - https://www.accesswire.com/718718/Smart-Polymers-Market-to-Reach-US-27-Bn-by-2030-TMR-Study

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

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.

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𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬

Nikhil Sawlani

Transparency Market Research Inc.

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