Emergence of New Application Areas to Drive the Global Chitin and Chitosan Market, According to New Report by Global Industry Analysts, Inc.
San Jose, California (PRWEB) September 22, 2014 -- Follow us on LinkedIn – Chitin and chitosan are natural biopolymers available in abundance in nature. These natural bio-based polymers are extracted from easily available resources such as shells of crustaceans. The significant commercial interest in chitin and chitosan is mainly due to the high percentage of nitrogen present compared to synthetically substituted cellulose. Chitosan finds application in various industries owing to its exclusive properties such as biodegradability, chemical inertness, biocompatibility, advanced film-forming properties, high mechanical strength and low cost of production. Future growth in the market will be driven by new applications of chitin, chitosan and their derivatives in the fields of biomedicine, nutrition, pharmacology and renewable energy.
Water treatment represents the largest end-use application for chitosan where it is used as a flocculent. Given the increasing demand for high quality water and growing focus on eco-friendly approaches for water treatment, demand for chitosan is expected to witness strong growth. The trend towards natural ingredients in the cosmetics industry has further resulted in growing demand for chitin and chitosan based skin care products. Also with marine Nutraceuticals gaining in popularity, demand for chitin derivatives remains strong in the food & beverage industry. Other growth drivers include its use as plant growth stimulator in the agriculture industry, and in the development of chitosan-based scaffolds in biomedical applications for reducing healing time.
Growing shortage of fossil fuels, new technological advancements and environmental restrictions are benefiting the use of chitin and chitosan. Researchers are currently investigating the use of chitosan biopolymer for polymer electrolyte membrane and electrode in fuel cells, as a strategy to bring down manufacturing costs. Also, since chitin comprises significant percentage of biologically-fixed nitrogen by weight, it exhibits strong potential for use in production of renewable chemicals.
As stated by the new market research report on Chitin and Chitosan, Japan represents the largest market worldwide. Growth in the country is attributed to scarcity of pure water, and the resulting demand for biopolymers such as flocculent. Asia-Pacific ranks as the fastest growing market with a compounded annual growth rate of 16.8% over the analysis period.
Key players covered in the report include Advanced Biopolymers AS, Heppe Medical Chitosan GmbH, KYTOSAN® USA, LLC, Kunpoong Bio Co. Ltd., Meron Biopolymers, Primex Ehf, and Zhejiang Candorly Pharmaceutical Co. Ltd., among others.
The research report titled “Chitin and Chitosan: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of current market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of major companies. The report provides market estimates and projections in metric tons for all major geographic markets, including the US, Canada, Japan, Europe, Asia-Pacific and Rest of World. End-use applications analyzed for the Chitosan market include Water Treatment, Cosmetics & Toiletries, Food & Beverages, Healthcare/Medical, Agrochemicals, Biotechnology, Pulp & Paper, Textile Finishes, Photography Products, and others. The report also analyzes the Chitin derivatives market by segments such as Glucosamine, Chitosan, and Others.
For more details about this comprehensive market research report, please visit – http://www.strategyr.com/Chitin_and_Chitosan_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes 1500+ full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
Global Industry Analysts, Inc.
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