Chitin is a cellulose-like biopolymer found in the exoskeleton of marine animals. Chitosan is widely used in a various field, including waste water treatment, medicine, food and agriculture. The global chitosan market report has been segmented on the basis of application, and region.
Abundant availability of raw materials for production of chitosan is a key factor expected to drive the growth of the market over the forecast period. In addition, increasing demand for the product in waste water treatment to remove impurities is other factor expected to propel the market growth over the forecast period. However, regulations and compliances related to shrimp farming is major factors expected to limit the growth of global chitosan market over the forecast period.
Based on application, the global chitosan market is segmented based water treatment, food & beverages, cosmetics, medical & pharmaceuticals, and others (agrochemicals and fabric). The water treatment segment is expected to contribute major share of the market. This is attributes to its use in water processing as a part of a filtration process. Chitosan causes the fine sediment particles to bind together which is subsequently removed with the sediment at the time of sand filtration. In addition, chitosan also removes phosphorous, heavy minerals, and oils from the water.
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Regional segmentation includes North America, Europe, Latin America, Asia Pacific and Middle East and Africa. Asia Pacific contributes major market share and expected to maintain its dominance over the forecast period owing to the availability raw materials as well as presence of major producers of chitosan in region. North America is expected to contribute second highest revenue share over the forecast period.
Some prominent players in the global chitosan market are Primex EHF, Zhejiang Golden-Shell Pharmaceutical Co., Ltd., G.T.C. Bio Corporation, Bio21 Co., Ltd, Advanced Biopolymers AS, Agratech, Kitozyme S.A., Vietnam Chitosan, LLC, Heppe Medical Chitosan GmbH, and Kraeber & Co. GmbH.