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, cos...