18 March 2019: Global Chitosan Market Research Report includes In-depth Analysis of industry by recent technologies, trends, opportunities, challenges, key players and business strategies considering types, segment, and future analysis. The Chitosan Market Report Provides Growth History, Sales Channel, Manufacturers Profiled in Chitosan Business, Market Share of Product, Application and Regional Scope of Chitosan which makes the research report a helpful resource for marketing people, forecasters, industry executives & consultants, sales, product managers, Strategy Advisor, potential investors to understand the present as well as future market size, situations in terms of growth rate and revenue. Global Chitosan Market is estimated to grow at a CAGR of 15% in the forecast period due to the rising application of chitosan in water treatment, medical and cosmetic industry.
The prominent players of chitosan market include KitoZyme, Advanced Biopolymers, Golden-Shell Biochemical, G.T.C. Bio Corporation, FMC Corporation, Primex, Axio Biosolutions, Heppe Medical Chitosan, Agra Tech.
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Easy availability of raw materials, increasing application in cosmetic segment and growing demand for pharmaceutical industry are also boosting the market. However, significant cost required for the production of chitosan and adulteration during the manufacturing process is hampering the growth of market. Furthermore, rising application of chitosan as bioplastic is expected to introduce new market opportunities in the coming years. The solubility of chitosan is low in alkaline and neutral solution limiting its application that challenges the market growth.
In terms of application, market is split into biomedical & pharmaceuticals, food & beverages, water treatment and cosmetics Water treatment is projected to lead the market due to increased application of chitosan for water treatment due to its properties like bio sorbent, which allows it to get rid of pollutants from the water.
Geographically, market is segmented as North America, Latin America, Europe, Asia Pacific and Middle East & Africa. Asia Pacific is predicted to dominate chitosan market due to the large number of prominent players in the region. This is followed by North America owing to the escalating demand for cosmetics and application of chitosan in several pharmaceutical and biomedical items.
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- Food & Beverage
- North America
- Asia Pacific
- Middle East and Africa
- South America
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