Skip to main content

Global Chitosan Market Propelled by Rapid Increase in Water Treatment Applications, Poised to Reach US$4.20 bn by 2020

Transparency Market Research (TMR) has recently published a market study on the global chitosan market, estimating it to expand at a healthy CAGR of 17.70% during the period from 2014 to 2020 and reach a market value of US$4.20 bn by the end of the forecast period.The report titled, “Chitosan Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020”, states that the worldwide chitosan market stood at US$1.35 bn in 2013. In terms of production, the market is likely to register a CAGR of 16.0% during the forecast period, states the research report.

The rapid increase in the water treatment applications across the world, coupled with rising usage of cosmetics having organic ingredients, is propelling the global chitosan market significantly.The report analyzes the worldwide market for chitosan on the basis of its application. Water treatment plants, industrial units, food & beverages sector, biomedicine and pharmaceuticals, cosmetics, agrochemicals, and other industries such as fuel cells and photographic products are the major application areas of chitosan.
The water treatment segment is the biggest consumer of chitosan in the global arena. However, the agrochemical segment is likely to report the fastest growth among all the application segments over the forecast period. At present, it holds around 5% of the demand generated for chitosan globally.


As per the market report, North America, Asia Pacific, Europe, and the Rest of the world are the major regional markets for chitosan. Asia Pacific leads the global chitosan market at present and is closely followed by Europe and North America. In 2013, Asia Pacific held more than 55% of the overall market. China and Japan are the key producers of chitosan in this region.On the other hand, the chitosan market in the Rest of the World is likely to report the fastest growth rate, in terms of volume produced, over the forecast period, notes the study.

Further, the report states that North America has acquired the leading position in the global chitosan market in terms of demand. The increasing demand for cosmetics as well as biomedical and pharmaceutical products has propelled the chitosan market in this region.The competitive landscape prevalent in the global chitosan market has also been presented in this report based on the analysis of company profiles of major players. According to the report, the market is highly fragmented owing to the presence of a high number of market players.

Browse Market Research Report with TOC & Free Analysis:  http://www.transparencymarketresearch.com/chitosan-market.html

GTC Bio Corp., Biothera, Xianju Tengwang Chitosan Factory, PT Biotech Surindo, Primex ehf, Heppe Medical Chitosan GmbH, Panvo Organics Pvt. Ltd. MC Health and Nutrition, Golden-Shell Pharmaceutical Co. Ltd., and KitoZyme S.A. are the key participants operating in the worldwide market for chitosan, states the research report.
The global chitosan market is segmented into:
By Application
  • Water treatment
  • Biomedicine & pharmaceutics
  • Industrial
  • Food & beverages
  • Cosmetics
  • Agrochemical
  • Others (Including fuel cells, photographic products, etc.)
About TMR
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyses information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
Labels:
Location: Albany, NY, USA

Comments

Post a Comment

Popular posts from this blog

Superabrasives (Turning, Cutting, Buffing, Drilling, Boring, Grinding) Market Research Report 2025

An abrasive is a material which molds or provides finishing to a work piece through a process which includes buffing, grinding, cutting, as well as polishing. Abrasion typically depends on the difference in the hardness of the material and the abrasive (with the latter being the harder of the two). Unlike regular abrasion where any two solid materials that repeatedly rub against each other tend to wear away, superabrasives possess the kind of hardness that enables them to stay usable for a longer period of time. On the basis of hardness, the top two superabrasives include diamond and cubic boron nitride (CBN). Industrial diamonds used as superabrasives are exceptionally hard materials. However, they display several technological limitations. For instance, when a diamond comes in contact with a ferrous alloy such as steel or a nickel superalloy, the resulting formation of carbide leads to its abrasion. Also, a diamond-containing tool can only be used at moderate temperatures a
Post a Comment
Read more

Industrial Lubricants Market: Strong Demand Across Automotive Industry, Trends To 2025

Lubricants refer to the organic or inorganic material primarily being use to decrease friction between two surfaces in contact. Lubricants play a key role in several industries as well as in commercial and residential sectors. One of their most common uses is in the lubrication of bearings and gears, allowing for their easy movement at high speeds, without loss in energy, prevent excessive generation of heat, or most importantly, prevent damage that would be caused otherwise. Industrial lubricants are, therefore, essential in enhancing the overall efficiency of a machine that contains moving parts in contact with one another. The global industrial lubricants market is currently expanding at a solid growth rate, driven by several factors and spearheaded by the likes of BP, Total, Chevron Corporation, ExxonMobil, and Shell. Browse Market Research Report @  http://www.transparencymarketresearch.com/industrial-lubricants-market.html What Impact has the Oil and Gas Industry Had
Post a Comment
Read more

Rapid Prototyping Market - Rapidly Gaining Importance in Aerospace Sector, Research By 2024

Rapid prototyping is a technique in which the physical modeling of a design is done with the help of specialized machining technology. It was developed initially in the mid-1980s, the principle used in this technology is of solid modeling with the help of computer programs (i.e. CAD). Solid modeling makes use of computer aided-design (CAD) data to completely describe not just the external shape of parts or equipment, but its interior volume as well as the outside surfaces. The computer model is sliced into thin layers and the part of the product or commodity to be modelled or developed as per the requirement, is eventually fabricated by adding layers onto each other. Obtain Report Details @   http://www.transparencymarketresearch.com/rapid-prototyping-market.html The primary benefit of the system is that almost any shape can be manufactured using computerized programs. Time and money savings vary from 50% to 90% compared to conventional systems. Types of rapid prototypi
Post a Comment
Read more