LONDON, April 4, 2017 /PRNewswire/ -- Use this report to:
- Analyze and classify products and applications of chitin and chitosan derivatives.
- Discuss the industries that are using the products and study the motivating and restraining factors.
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- Evaluate the role of chitin and chitosan derivatives in agrochemicals, industrial, biomedicine, pharmaceuticals etc.
- Explore raw materials and key technologies used in the chitin and chitosan derivatives market.
- The global chitin and chitosan market should reach $4.2 billion by 2021 from $2.0 billion in 2016 at a compound annual growth rate (CAGR) of 15.4%, from 2016 to 2021.
- The chitosan market should reach $2.1 billion by 2021 from $1.0 billion in 2016 at a CAGR of 16.1%, from 2016 to 2021.
- The glucosamine market should reach $1.6 billion by 2021 from $775 million in 2016 at a CAGR of 15.2%, from 2016 to 2021.
Introduction & Scope
STUDY GOALS AND OBJECTIVES
The objective of the report is to identify the key trends in the global markets for chitin and chitosan derivatives. The report quantifies the worldwide growth potential of chitin and chitosan derivatives over the five-year period from 2016 through 2021. The total market size of chitin and chitosan derivatives with a regional breakdown has been covered in the study. The study focuses on identifying key end users and industries that will affect the major market trends.
The key factors driving the rising demand for chitin and chitosan include their wide range of applications, large number of end-user industries and significant
developments in the research of chitin and chitosan derivatives. The major end-user industries include water treatment, food and beverages, personal care products, agrochemicals, industrial, biomedicine, pharmaceuticals and a number of other industries. The role of chitin and chitosan derivatives in these applications is analyzed thoroughly to identify the key market trends.
REASONS FOR DOING THE STUDY
This BCC Research study is presented to increase the awareness of the applications of chitin and chitosan derivatives. Chitin is the second largest biopolymer after cellulose with a wide range of applications. Chitin is a natural polymer derived from marine crustaceans, shrimps, crabs and other non-animal sources. It is produced through waste products from the seafood processing industry. Recently the demand for chitin and chitosan has increased due to its easy availability and easy production process. Properties such as its nontoxicity, biocompatibility and biodegradability make it ideal for making healthcare products sutures, implants and artificial organs.
It can stimulate defensive mechanism properties in plants, making it ideal for crop protection. Chitin and chitosan derivatives are natural polymers and provide an ecofriendly solution to variety of applications such as water treatment, biomedical, pharmaceuticals, fertilizers and pesticides. Chitin and chitosan derivatives are used in dietary supplements because of their various health benefits. The report analyzes and classifies products and applications of chitin and chitosan derivatives. The report intends to explain the key trends in the industry. It discusses the industries that are using the products and studies the motivating and restraining factors. The report will be a key decision-making tool for the intended audience.
The report focuses on the use of chitin and chitosan derivatives in industries such as healthcare, pharmaceuticals, food and beverages, personal care products, water treatment and seafood processing. Chitin is produced from waste material from the seafood processing industry, therefore, it helps in waste management too. Chitin and chitosan are environmentally friendly products and increased consumption could help reduce environmental toxins as they are substitutes for the harmful chemicals that are used in water treatment, fertilizers and pesticides. There are vast natural sources of the raw material used to produce chitin and chitosan and only a fraction of that raw material is converted to chitin and chitosan. A number of companies and organizations are performing research and development to increase the utilization of this raw material. The report provides useful information to the industries listed above as well as companies that want to enter the market. As the report also covers the major geographic markets in detail, companies interested in expanding their geographic reach will also find the report useful.
SCOPE OF REPORT
Chitin and chitosan derivatives are naturally occurring polymers with a wide range of applications. Due to the wide availability of the raw material used to obtain chitin and chitosan derivatives, demand for these products has increased recently. To provide a better understanding of the market, the market is segmented on the basis of product and application. Major products included in the report are chitin, chitosan, glucosamine and other derivatives. The application markets covered in the report are healthcare, biotechnology, animal food, agriculture, water treatment, food and beverage and water treatment. The report also covers the subsegments and related markets of the application markets above. The raw materials and key technologies used in the chitin and chitosan derivatives market are also covered at length.
All of the product and application markets are further segmented by geographic region. The major geographic regions covered in the report are North America, South America, Europe, Asia-Pacific and the rest of the world (RoW), which includes Morocco, Egypt, South Africa and other African countries. A country-specific breakdown of the market for chitin and chitosan derivatives is also included in the report. Estimated values used are based on manufacturers' total revenues. The study covers the global market for chitin and chitosan derivatives and is not limited to the countries included in this report. The selection of the countries to be included in this report was mainly based on the total revenue generated from the sale of chitin and chitosan derivatives. Major countries included in the report are the U.S., Canada, Germany, the U.K., Spain, Italy, France, China, Japan and India.
The competitive landscape of the global market for chitin and chitosan derivatives is discussed and includes profiles of the major companies and their product portfolios. All categories are discussed in detail, describing each segment, identifying current products on the market, measuring market size, identifying market drivers, forecasting for 2016 to 2021 and assessing the competitors and competitor market shares.
The information and analysis presented in the report are based on extensive first-hand interviews with primary research sources, including executives, product managers and specialists in the market for chitin and chitosan derivatives. Secondary information was obtained from government agencies, business and trade magazines, official websites of key manufacturers and key end users. Some of these sources include companies involved in healthcare, pharmaceutical, water treatment, pesticide and fertilizers, food and beverages, animal feed, personal care products and biotechnology. Annual revenues of major chitin and chitosan derivatives companies, their annual reports and forward-looking statements as well as industry end users were analyzed to derive the size of the market. Key information from published literature was used to conduct interviews with a number of industry participants to validate and obtain expert opinions on current and future trends in the chitin and chitosan derivatives market.
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