{"id":99179,"date":"2017-02-14T11:36:03","date_gmt":"2017-02-14T11:36:03","guid":{"rendered":"http:\/\/www.abnewswire.com\/pressreleases\/?p=99179"},"modified":"2017-02-14T11:36:03","modified_gmt":"2017-02-14T11:36:03","slug":"chitosan-market-size-to-reach-usd-1784-billion-by-2025-grand-view-research-inc","status":"publish","type":"post","link":"https:\/\/www.abnewswire.com\/pressreleases\/chitosan-market-size-to-reach-usd-1784-billion-by-2025-grand-view-research-inc_99179.html","title":{"rendered":"Chitosan Market Size To Reach USD 17.84 Billion By 2025: Grand View Research, Inc."},"content":{"rendered":"
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“Grand View Research, Inc. – Market Research And Consulting.”<\/div>\n<\/div>\n<\/div>\n
According to new report by Grand View Research, The global chitosan market size was estimated at USD 3.19 billion in 2015 and Rising application scope of the product as an eco-friendly compound in waste water treatment, textile and agrochemical industry is expected to propel demand over the projected period.<\/div>\n

The global chitosan market<\/a> is expected to reach USD 17.84 billion by 2025, according to a new report by Grand View Research, Inc. Chitosan market demand is primarily driven by factors including raw material availability, price, and product quality. Rising application scope of the product as an eco-friendly compound in waste water treatment, textile and agrochemical industry is expected to propel demand over the projected period.<\/p>\n

Chitosan is a one of the most abundantly available biopolymers and is primarily obtained from shrimp shell waste disposed of by the fishery industry. As a result, integration with fishery industries in order to source raw material is the key factor promoting growth. In addition, abundant availability coupled with low cost of the raw materials is expected to propel demand.<\/p>\n

The market was initially dominated by Japanese companies over the past few years. However, other Asian countries including China and India are expected to witness significant growth owing to increasing number of new market players.<\/p>\n

The majority of the compound produced lacked purity, which is essential primarily in the pharmaceutical and medical industry, which is expected to hamper growth over the forecast period. In addition, low production volumes and high product cost associated with high purity chitosan are expected to compel manufacturers for product innovation and capacity expansion.<\/p>\n

Full research report on chitosan market analysis:<\/strong> http:\/\/www.grandviewresearch.com\/industry-analysis\/global-chitosan-market<\/a><\/p>\n

U.S. chitosan market revenue, by application, 2014 – 2025 (USD million)<\/strong><\/p>\n

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Further key findings from the report suggest:<\/strong><\/p>\n