OCEAN VIEW, Del., Aug. 23, 2017 /PRNewswire-iReach/ -- Global
Chitosan Market applications include water treatment, food
& beverage, cosmetics, industrial, biomedicine &
pharmaceuticals, agrochemical, and others. Water treatment
dominated the application base and accounted for over 30% of
chitosan market share in 2015.
The growing need to obtain fresh water subject to the huge
influx of waste water from industries will drive chitosan market
over 2016-2024. Many government and private organizations are
investing heavily in waste water treatment due to ecological
concerns, which will help expand chitosan market. The standard of
living and food habits of the current generation is undergoing a
rapid change. Additionally, the growing consciousness of people
regarding health issues will also stimulate the industry trends. As
per a report by Global Market Insights, Inc., "Worldwide Chitosan
Market having had a revenue collection of USD 1.52 billion in 2015, will register a CAGR of
more than USD 16% over the period of 2016 to 2024.
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Chitosan is widely used in manufacturing cosmetics. Chitosan
market size from cosmetic applications was worth USD 500 million in 2015 and will record
considerable growth rate over the coming timeframe. The growing
usage of the product in anti-aging creams, hair care serums, and
other beauty products will stimulate chitosan industry
noticeably.
Asia Pacific chitosan market
will exhibit a CAGR of about 18% over the period of 2016 to 2024,
driven by the surging requirement of clean water subject to the
growing industrialization across this region. Considering the
manufacturing and consumption rate of the product, Japan leads the APAC region. China will also contribute significantly
toward the regional growth of chitosan industry share. Water
treatment application generated a revenue of USD 300 million in 2015 and will collect
substantial revenue over the years ahead. The product has the
capability to remove chemicals such as phenol and polychlorinated
biphenyl that contaminate water. In addition, the product is
extensively used in waste water treatment plants owing to its the
non-toxic nature and biodegradability.
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Chitosan products have high anti-microbial resistance
capability, which fuel the demand for this polymer to be used in
the manufacturing of wound dressing medicines. Due to wound healing
capabilities, the product is also used to manufacture bandages.
Subject to the aforementioned factors, chitosan market from
biomedicine and pharmaceutical applications will record a CAGR of
more than 17% over the coming years of 2016 to 2024.
U.S. chitosan market contributed to a substantial share of
North America industry in 2015
with a revenue collection of USD 400
million. The growth can be attributed to the escalating need
of the product for health problems such as obesity. Obesity is the
main cause of many ailments such as diabetics, blood pressure, and
cardiac diseases. Chitosan based products are mainly used to reduce
weight, which will augment chitosan market share. Additionally,
increased expenditure on dietary supplements will help fuel the
industry share notably
Browse key industry insights spread across 102 pages with 93
market data tables & 10 figures & charts from the
report, "Chitosan Market Size By Application (Water Treatment,
Biomedicine & pharmaceuticals, Industrial, Food & Beverage,
Cosmetics, Agrochemical), Industry Analysis Report, Regional
Outlook (U.S., Canada,
Germany, UK, France, Russia, Poland, China, India,
Japan, Australia, Indonesia, Malaysia, Brazil, Mexico, South
Africa, GCC) Application Potential, Price Trends,
Competitive Market Share & Forecast, 2016 – 2024" in detail
along with the table of contents:
https://www.gminsights.com/industry-analysis/chitosan-market
Market players are investing heavily to develop enhanced
techniques that will help reduce overall manufacturing cost of the
product. The noteworthy participants in chitosan market are
Golden-Shell Pharmaceutical Co., Biothera Pharmaceuticals, Inc.,
FMC Health and Nutrition, PT Biotech Surindo, Xianju Tengwang
Chitosan Factory, GTC Bio Corp., Panvo Organics Pvt Ltd., and
KitoZyme S.A
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About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research
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methodology and are available for key industries such as chemicals,
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