Global Chitosan Market 2017-2021
Chitosan is a natural polysaccharide extracted from shells of crustacean organisms such as shrimps and crabs. Chitosan and chitin are naturally abundant and renewable polymers and have excellent properties such as biocompatibility, biodegradability, non-toxicity, solubilization, adsorption, hydration, and moisturization. The cost of commercial chitosan depends on the product quality. Chitosan is available in three purity forms: low purity, medium purity, and high purity or medical grade.
Technavio’s analysts forecast the global chitosan market to grow at a CAGR of 18.10% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global chitosan market for 2017-2021. To calculate the market size, the report considers the retail selling price is considered as the average selling price of the product.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Chitosan Market 2017-2021
Technavio recognizes the following companies as the key players in the global chitosan market: Advanced Biopolymers, FMC Corporation, Golden-Shell Biochemical, G.T.C. Bio Corporation, and KitoZyme
Other Prominent Vendors in the market are: Agra Tech, Axio Biosolutions, Heppe Medical Chitosan, Kunpoong Bio, Marshall Marine Products, Meron, Nitta Gelatin India, Panvo Organics, Primex, SRL, TAGROW, and TCI Chemicals.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Potential uses of chitosan nanoparticles. The use of environmentally acceptable and sustainable biomaterials is gaining importance for scientific and industrial research. Biopolymers are replacing petroleum-derived polymers. Chitosan nanoparticles can be formed by incorporating tripolyphosphate (TPP) into chitosan solution. Chitosan nanoparticles, due to their versatile properties and excellent characteristics are increasingly used in pharmaceuticals, biomedicines, foods and beverages, and personal care products. Chitosan nanoparticles, owing their antimicrobial and antibacterial properties, are widely used as coating materials in cosmetics and foods.”
According to the report, one of the major drivers for this market is Emerging applications from end-use industries. The growing demand for emerging applications such as agrochemicals, fuel cells, photographic products, cardiovascular diseases treatment, textiles, ophthalmology, and paper and pulp are fostering the demand for chitosan. The increase in R&D for niche applications can be witnessed for the increasing demand for chitosan. Also, the low cost and abundant availability of chitosan from crustacean shell, shrimps, crabs, and krills are gaining importance in various applications.
Further, the report states that one of the major factors hindering the growth of this market is Limitations of chitosan affecting its demand. Although chitosan possesses many significant properties, it has some demerits that limit its use for specific applications. It has low stability above pH 6.5. Chitosan and its derivatives are poorly soluble in water or in organic solvents. It is insoluble in diluted acids, aqueous solutions, and common organic solvents. To impart functionality and improve the solubility of chitosan, chemical modification of side chain is to be done without changing its initial properties or skeleton. Generally, grafting of the functional group is done to improve the characteristic features of chitosan.
Advanced Biopolymers, FMC Corporation, Golden-Shell Biochemical, G.T.C. Bio Corporation, KitoZyme, Agra Tech, Axio Biosolutions, Heppe Medical Chitosan, Kunpoong Bio, Marshall Marine Products, Meron, Nitta Gelatin India, Panvo Organics, Primex, SRL, TAGROW, and TCI Chemicals.
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