Chitosan market - Propelled by rapid increase in water treatment applications

Extensive application of chitosan as adsorbents and flocculants in wastewater treatments, including removal of pollutants industrial and municipal wastewaters, is a key factor driving the market. Several attractive characteristics such as hydrophobicity, and biocompatibility, biodegradability make the use of chitosan biopolymer preferable to polysaccharides. Various specific modifications possible with its chemical structure make it widely popular in a variety of value-added applications such as biomedicine, foods and beverages, pharmaceuticals, and cosmetics. This has led to a steady evolution of the market in the recent years.

Rapidly emerging applications of chitosan nanoparticles as potential drug delivery agents are unlocking exciting opportunities for market players. Several clinical studies focus on investigating the efficacy of chitosan derivatives in medical sciences have further expanded their applications. This is also unlocking a number of exciting application areas such as environment-friendly pesticides in agriculture and as skin treatment products in cosmetics.

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The global chitosan market is projected to grow at a healthy clip, rising at a CAGR of 17.70% between 2014 and 2020. Expanding at this pace, the market is predicted reach US$4.20 bn by the end of the forecast period.

Wide Application in Wastewater Treatment

Based on application, the chitosan market is segmented into water treatment, biomedicine & pharmaceutics, industrial, food & beverages, cosmetics, agrochemical, fuel cells, and photographic products. Among these, chitosan have the major application in wastewater treatment. The substantial application is attributed to their attractive coagulation and flocculation properties, low cost and ease of application. The affinity of chitosan for a variety of contaminants make its use suitable as an effective adsorbent organic pollutants from various industrial wastewaters, such as textile wastewaters and pulp and paper mill wastewaters. This is due to the ability of chitosan in adsorbing heavy metal ions.

The market is witnessing a growing number of applications of chitosan in cosmetics. Chitosan, due to significant antifungal and antibacterial properties, are being widely used in making a number of cosmetics products such as hair lotions, face cleanser, body washes, and in various skin protection formulations.

On the other hand, the application segment of biomedical and pharmaceutical is forecast to grow at the leading CAGR over the forecast period. The stellar growth of this segment is driven by the natural antifungal activities of chitosan nanoparticles. Highly purified versions of chitosan are used in making powerful drug excipient owing to their due to their biocompatibility and non-toxicity, which makes it as a natural choice.

Chitosan is also exhibiting promising applications in agriculture, chiefly as agricultural chemicals by helping beneficial microorganisms in soil to thrive and inhibiting the growth of harmful microorganisms. Its application in making various environmental-friendly pesticides is also gaining prominence.

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Asia Pacific to Account for Largest Production while North America tops in Demand for Chitosan

Geographically, the global chitosan market is segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). Of these, Asia Pacific leads the global market currently and is closely trailed by Europe and North America, in terms of the volume of production of chitosan. A major chunk of growth comes from nations such as Japan and China, since they are the leading producers of chitosan. The demand for chitosan in various application areas is rising in emerging nations of Asia Pacific. On the other hand, the RoW segment is projected to register the leading CAGR over the forecast period; this is projected to be followed by the Asia Pacific market for chitosan.

In terms of demand, North America is expected to supersede all others and emerge as the leading regional market. The substantial demand for chitosan in the region is attributed to the accelerating demand for various cosmetic products in the region and the promising application of chitosan in making various biomedical and pharmaceutical products.

Welding Products Market Growth in Wind Power Sector to Create Opportunities, TMR

The global welding products market is moderately fragmented with the key players such as Lincoln Electric, ESAB, and ITW leading in the market. These three players accounted for a collective share of 30% in 2013, states a new report by Transparency Market Research (TMR). This market is capital intensive and thus, local vendors find it difficult to compete with the larger players. Local players are unable to compete with large players on the basis of quality, services, functionalities, and features. Thus, these small players are entering into the market by introducing products that are low in price. Some of the players operating in the welding products market are: Voestalpine AG, Sonics & Materials Inc., Fronius International GmbH, Rofin-Sinar Technologies Inc., Arcon Welding, Bohler, Panasonic, Daihen Corp, and OBARA Co. In order to increase their production capacities and focus on innovations, companies are adopting the strategy of merging or acquiring other players. Acco

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

Oil and Gas Pipeline Leak Detection Equipment Market Driven by Stringent Government Regulations

Although renewable resources of energy have gained substantial popularity in the recent past, there is no foreseeable limitation to the escalating demand for oil and gas, with the growing population and rapid urbanization. Consequently, the demand in the global market for oil and gas pipeline leak detection equipment is projected for a robust CAGR of 6.8% during the forecast period of 2016 to 2024, according to a recent report by Transparency Market Research (TMR). As per the estimations of the TMR report, the global oil and gas pipeline leak detection equipment market will be worth US$3.65 bn by the end of 2024, significantly up from its evaluated valuation of US$2.02 bn in 2015. Some of the key factors augmenting the demand in the oil and gas pipeline leak detection equipment market are: development and expansion of existing pipelines and construction of new pipelines, increasing incidents of oil and gas leakages in pipeline and storage tanks at production facilities, and

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