Chitosan Market Overview:
Chitosan Market is expected to grow with the CAGR 18.02 % of more than from 2018 to 2022, and with this it is predictable to cross USD 5.02 Bn by 2022.
Chitosan Market was valued at USD 2.05 billion in 2015 and is likely to reach USD 5.02 billion in 2022, expanding at CAGR of 18.02% between 2015 and 2022. Asia pacific region was the leading chitosan market with an estimated market size of 8050 MT in 2011 and is projected 15010 MT in 2015. The U.S. has represented the second largest market in 2015 and is expected to reach in billions by 2022.
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Chitosan Market Key Players:
Chitosan market report includes: Heppe Medical Chitosan GmbH (Germany), Advanced Biopolymers AS (Norway), G.T.C. Bio Corporation (China), Nova matrix (Norway), Agratech International, Inc. (U.S.), Golden-Shell Pharmaceutical Co. Ltd. (China), Qingdao Yun Zhou Biochemistry Co. Ltd. (China), Panvo Organics Pvt Ltd. (India), Kitozyme S.A. (Belgium), Primex ehf (Iceland) and others.
Chitosan Market Segmented:
Chitosan Market is segmented according to application as agriculture, food industry, pharmaceuticals and others in agriculture industry water treatment is the largest application of chitosan. It is highly used as a flocculant to treat wastewater. Additionally, it is also used to treat organic as well as inorganic compounds that are present in water. Chitosan is also used in wastewater treatment technology due to its properties such as easy availability, biodegradability and non-toxic nature. Agrochemical application is expected to be the fastest growing segment during the forecast period. With economic development, countries like China, U.S are innovative technology which causes chitosan market to rise in future
Chitosan Market Regional Analysis:
Geographically, Asia Pacific has been the traditional global leader in this market and had acquired more than half of the market. Japan had played key role in the domination of Asia Pacific over the global market, as it has abundance raw material linked with early awareness regarding the benefits offered by the product.
The country held majority shares in this region due to waste water applications which is a major application segment. Innovative solution in cosmetics industry in Chain and South Korea has been complementing the regional demand over the past few years for chitosan. The region will be retaining its global control due to flourishing demand offered by food, pharmaceutical and cosmetics industry.
Chitosan Market Table of Content:
1 Executive Summary
2 Scope of the Report
3 Market Research Methodology
4 Market Landscape
5 Industry Overview of Global Chitosan Market
Chitosan Market Table of Content to be Continue……,
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