Published by Coherent Market Insights
Posted on September 27, 2021
Chitosan is a derivative of chitin that is extracted from shells of aquatic species such as lobsters, shrimps, and crabs. Chitosan is widely used in dietary supplements as it inhibits the lipid absorption in the gastrointestinal tract. It is also used in various healthcare applications due to biodegradability and biocompatibility properties. It is used in hemostatic dressing in order to treat wounds owing to its anticoagulant properties.
The growing demand for chitosan as a flocculant in the water treatment industry is primarily fueling the market growth of the chitosan. It is an effective coagulant for treating wastewater. Moreover, it is also used as a chelating agent where it easily binds to highly toxic heavy metals present in the wastewater. Chitosan is broadly used in wastewater treatment due to its biodegradability and non-toxic nature.
The global chitosan market is estimated to account for US$ 3,573.1 Mn in terms of value and 53,806.0 Tons in terms of volume by the end of 2019.
Top Key Players in Chitosan market: GTC Bio Corporation, KitoZyme S.A., Biothera, Golden-Shell Pharmaceuticals Co., Ltd., FMC Health and Nutrition, Panvo Organics Pvt. Ltd., Heppe Medical Chitosan GmbH, Primex ehf, PT Biotech Surindo, Xianju Tengwang Chitosan Factory
The scope of the Report:
The report segments the global Chitosan Market based on application, type, service, technology, and region. Each chapter under this segmentation allows readers to grasp the nitty-gritty of the market. A magnified look at the segment-based analysis is aimed at giving the readers a closer look at the opportunities and threats in the market. It also addresses political scenarios that are expected to impact the market in both small and big ways. The report on the global Chitosan Market examines changing regulatory scenarios to make accurate projections about potential investments. It also evaluates the risk for new entrants and the intensity of the competitive rivalry.
Regional Analysis:
Besides segmental breakdown, the report is highly structured into region wise study. The regional analysis comprehensively done by the researchers highlights key regions and their dominating countries accounting for substantial revenue share in the Chitosan market. The study helps understanding how the market will fare in the respective region, while also mentioning the emerging regions growing with a significant CAGR. The following are the regions covered in this report.
Strict regulations related to shrimp farming is projected to hamper the market growth of the chitosan. Moreover, shrimp peeling units and shellfish processing plants generate many wastes which is again expected to inhibit the market growth of the chitosan.
The high cost of production of chitosan is projected to hinder the market growth. consistent with the Coherent Market Insights analysis, the value of production of average-grade chitosan ranges between USD 8 per kg to approximately USD 12 per kg. Also, the method is time-consuming and sophisticated thanks to various stages that are further expected to limit the market growth of the chitosan.
The growing use of chitosan from the agriculture industry is projected to offer new market opportunities over the forecast period. Chitosan is used in the fertilizers and controlled agrochemical release due to its antifungal properties. Moreover, growing research and development in the field of chitosan nanoparticles to expand its use in novel applications is further anticipated to foster the market growth of the chitosan over the forecast period.
Increasing production of fish, shrimp, and other aquatic species in the Asia Pacific region is projected to offer lucrative market opportunities to the market in the near future. According to The National Fisheries Development Board, in India, total fish production during 2017-2018 is estimated to be 12.60 million metric tons, of which nearly 65% is from the inland sector and about 50% of the total production is from culture fisheries and constitutes about 6.3% of the global fish production.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
The post Chitosan market by Forecast to 2021 to 2027 with In-depth Analysis of Leading Players appeared first on Gatorledger.
Chitosan is a derivative of chitin that is extracted from shells of aquatic species such as lobsters, shrimps, and crabs. Chitosan is widely used in dietary supplements as it inhibits the lipid absorption in the gastrointestinal tract. It is also used in various healthcare applications due to biodegradability and biocompatibility properties. It is used in hemostatic dressing in order to treat wounds owing to its anticoagulant properties.
The growing demand for chitosan as a flocculant in the water treatment industry is primarily fueling the market growth of the chitosan. It is an effective coagulant for treating wastewater. Moreover, it is also used as a chelating agent where it easily binds to highly toxic heavy metals present in the wastewater. Chitosan is broadly used in wastewater treatment due to its biodegradability and non-toxic nature.
The global chitosan market is estimated to account for US$ 3,573.1 Mn in terms of value and 53,806.0 Tons in terms of volume by the end of 2019.
Top Key Players in Chitosan market: GTC Bio Corporation, KitoZyme S.A., Biothera, Golden-Shell Pharmaceuticals Co., Ltd., FMC Health and Nutrition, Panvo Organics Pvt. Ltd., Heppe Medical Chitosan GmbH, Primex ehf, PT Biotech Surindo, Xianju Tengwang Chitosan Factory
The scope of the Report:
The report segments the global Chitosan Market based on application, type, service, technology, and region. Each chapter under this segmentation allows readers to grasp the nitty-gritty of the market. A magnified look at the segment-based analysis is aimed at giving the readers a closer look at the opportunities and threats in the market. It also addresses political scenarios that are expected to impact the market in both small and big ways. The report on the global Chitosan Market examines changing regulatory scenarios to make accurate projections about potential investments. It also evaluates the risk for new entrants and the intensity of the competitive rivalry.
Regional Analysis:
Besides segmental breakdown, the report is highly structured into region wise study. The regional analysis comprehensively done by the researchers highlights key regions and their dominating countries accounting for substantial revenue share in the Chitosan market. The study helps understanding how the market will fare in the respective region, while also mentioning the emerging regions growing with a significant CAGR. The following are the regions covered in this report.
Strict regulations related to shrimp farming is projected to hamper the market growth of the chitosan. Moreover, shrimp peeling units and shellfish processing plants generate many wastes which is again expected to inhibit the market growth of the chitosan.
The high cost of production of chitosan is projected to hinder the market growth. consistent with the Coherent Market Insights analysis, the value of production of average-grade chitosan ranges between USD 8 per kg to approximately USD 12 per kg. Also, the method is time-consuming and sophisticated thanks to various stages that are further expected to limit the market growth of the chitosan.
The growing use of chitosan from the agriculture industry is projected to offer new market opportunities over the forecast period. Chitosan is used in the fertilizers and controlled agrochemical release due to its antifungal properties. Moreover, growing research and development in the field of chitosan nanoparticles to expand its use in novel applications is further anticipated to foster the market growth of the chitosan over the forecast period.
Increasing production of fish, shrimp, and other aquatic species in the Asia Pacific region is projected to offer lucrative market opportunities to the market in the near future. According to The National Fisheries Development Board, in India, total fish production during 2017-2018 is estimated to be 12.60 million metric tons, of which nearly 65% is from the inland sector and about 50% of the total production is from culture fisheries and constitutes about 6.3% of the global fish production.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
The post Chitosan market by Forecast to 2021 to 2027 with In-depth Analysis of Leading Players appeared first on Gatorledger.
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