The chitosan market is projected to grow from USD 553.6 Million in 2017 to USD 1,088.0 Million by 2022, at a CAGR of 14.5% between 2017 and 2022.
The increasing use of chitosan in the water treatment, food & beverages, cosmetics, medical & pharmaceuticals, and agrochemicals applications is fueling the growth of the chitosan market across the globe. Moreover, the growing trend toward the use of chitosan for water treatment to reduce the use of chemical products is also leading to the growth of the chitosan market.
The chitosan market has been classified into three grades, namely, industrial grade, food grade, and pharmaceutical grade. Industrial grade chitosan is most commonly used in a wide range of applications due to its low cost. The non-toxicity of chitosan enables its use in the treatment of the potable water and industrial wastewater. The typical applications of the industrial grade chitosan are water treatment, agrochemicals, pulp & paper, and textiles.
Based on application, the chitosan market has been classified into water treatment, food & beverages, cosmetics, medical & pharmaceuticals, agrochemicals, and others. Among applications, the water treatment segment is projected to lead the chitosan market, in terms of value during the forecast period. The growth of the water treatment application segment of the chitosan market can be attributed to the increased use of chitosan for treating water due to its biosorbent ability, which enables it to remove pollutants from wastewater.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights 4.1 Attractive Opportunities in the Chitosan Market 4.2 Chitosan Market, By Grade 4.3 Chitosan Market, By Application 4.4 APAC Chitosan Market, By Country and Grade
5 Market Overview 5.1 Introduction 5.2 Market Dynamics 5.2.1 Drivers 18.104.22.168 Unique Properties of Chitosan 22.214.171.124 Availability of Abundant Raw Material 5.2.2 Restraints 126.96.36.199 Regulations and Compliances Related to Shrimp Farming 5.2.3 Opportunities 188.8.131.52 Growing Awareness About Health Globally 184.108.40.206 Production of Chitosan From Non-Aquatic Sources 5.2.4 Challenges 220.127.116.11 Disadvantages of Using Chitosan in Drug Delivery System 18.104.22.168 Instability of Chitosan in Some Applications 5.3 Porter's Five Forces Analysis of the Chitosan Market 5.3.1 Threat of Substitutes 5.3.2 Bargaining Power of Suppliers 5.3.3 Bargaining Power of Buyers 5.3.4 Intensity of Competitive Rivalry 5.3.5 Threat of New Entrants 5.4 Macroeconomic Indicators 5.4.1 Introduction 5.4.2 Forecast of GDP Growth Rate of Major Economies 5.4.3 Trends in the Water Treatment Industry 5.4.4 Trends in Food & Beverage Industry
7 Chitosan Market, By Application 7.1 Introduction 7.2 Water Treatment 7.3 Food & Beverages 7.4 Cosmetics 7.5 Medical & Pharmaceuticals 7.6 Agrochemicals 7.7 Others
8 Chitosan Market, By Region 8.1 Introduction 8.2 APAC 8.2.1 China 8.2.2 Vietnam 8.2.3 India 8.2.4 Thailand 8.2.5 Rest of APAC 8.3 North America 8.3.1 US 8.3.2 Canada 8.3.3 Mexico 8.4 Europe 8.4.1 Iceland 8.4.2 Norway 8.4.3 Germany 8.4.4 Rest of Europe 8.5 RoW 8.5.1 UAE 8.5.2 Brazil