Global Chitosan Market, By Source (Shrimp, Crab, Squid, Krill), By Application (Pharmaceutical & Bio

Published Date: | Report Code : CH1958653

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Market Dynamics

Rising demand in wastewater treatment for eliminating impurities is expected to drive the growth of the Global Chitosan Market during the forecast period. This has resulted in some of the key developments by companies operating in the market to consolidate their market positions and look for further niche opportunities.

Chitosan is a kind of carbohydrate that has a number of sugar molecules that are bonded closely. Chitosan has very significant properties such as biodegradability, nature-friendly, adsorption, and non-toxicity due to which it has its several usages in the industry such as cosmetics, water treatment, and agrochemicals. Chitosan is generally extracted from the outer shell of crustaceans like shrimps, lobsters, crabs, and others. The major reason for the growth in the global chitosan market is the rising demand for the products used for the treatment of contaminated water treatment, so as to remove the pollutants such as heavy minerals, oils, and phosphorous which causes the deterioration of the water quality.

Segment Analysis

The global chitosan market is segmented on the basis of its source and application. On the basis of source, it is segregated into shrimp, crab, squid, and krill. They are usually the main sources for the extraction of chitosan. By application, it is divided into, pharmaceutical & biomedical, water treatment, cosmetics, and food & beverage. Chitosan is majorly used in water treatment as it helps to remove all the pollutants that are present in the water.

Key Factors Impacting Market Growth:

  • Rising demand in wastewater treatment for eliminating impurities
  • Growing awareness among plastic manufacturers to use bio-based materials

Regional Analysis

On the basis of the region, the global chitosan market has been segmented by North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, & Rest of the World. North America and Western Europe is some of the major markets are also traditional suppliers of chemicals such as specialty chemicals, bulk chemicals, and so on. Major companies in this market are headquartered in North America and Western Europe.  This region has been witnessing the number of transitions in terms of productions of chemicals and respective applications by end-use industries. The preference towards bio-based feedstock has been instrumental in the development of the green alternatives in these regions. Moreover, regulatory authorities have imposed strict guidelines with regard to environmental concerns and potential health hazards due to exposures. This has been more instrumental in the Western Europe region competitively. Some of the major economies in these regions include the US, Germany, UK, France, Canada, Italy, Spain, and so on.  The Asia Pacific and the Middle East are expected to register substantial growth in the global chitosan market during the forecast period. This demand is with regards to the growth of major applications such as Pharmaceutical & Biomedical, Water Treatment, Cosmetics, and Food & Beverage.

Major countries in the Asia Pacific region include China, South Korea, Japan, India, Australia, and so on. Middle East includes the UAE, Saudi Arabia, Iran, Israel, Egypt, and so on. Eastern Europe has been largely dominated by Russia and Turkey with operations of major chemical giants in the region.  Rest the World that includes South America and Africa has a strong potential for the global chitosan market. There has been an increasing number of investments by global companies in these regions to strengthen their presence and tap the potential market. Major economies in these regions for the global chitosan market include Brazil, South Africa, Nigeria, Argentina, Colombia, and others.

Companies Covered:  Qingdao Yunzhou Biochemistry Co., FMC Corp., Golden-Shell Pharmaceutical Co. Ltd., and Heppe Medical Chitosan GmbH

Market Segmentation:

By Type:

  • Shrimp
  • Crab
  • Squid
  • Krill

By Application:

  • Pharmaceutical & Biomedical
  • Water Treatment
  • Cosmetics
  • Food & Beverage

By Region:

  • North America
    • By Country (US, Canada, Mexico)
    • By Type
    • By Application
  • Western Europe
    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
    • By Type
    • By Application
  • Eastern Europe
    • By Country (Russia, Turkey, Rest of Eastern Europe)
    • By Type
    • By Application
  • Asia Pacific
    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
    • By Type
    • By Application
  • Middle East
    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
    • By Type
    • By Application
  • Rest of the World
    • By Region (South America, Africa)
    • By Type
    • By Application

Reasons to Buy This Report:

  • Market size estimation of the Global Chitosan Market on a regional and global basis
  • The unique research design for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

  • By Segment
  • By Sub-segment
  • By Region/Country

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