The demand within the global market for chitosan has been rising on account of the multiple applications of the product across several industries. Chitosan, in essence, is a polysaccharide composed of linked N-acetyl-D-glucosamine and D-glucosamine, and it is produced by the treatment of crustaceans or shrimps with alkaline substances such as sodium hydroxide. The use of chitosin for the treatment of waste water has been a major driver of demand within the global market for chitosan, and hence, there is a dire need to ensure that chitosan is readily available in areas with high concentration of contaminated water bodies. Furthermore, the government has taken key initiatives to ensure the availability of potable water to all the masses, and this has also enunciated the growth prospects of the global chitosan market. It is also expected that the use of chitosan in several biomedical applications would create lucrative opportunities within the global market for chitosan in the years to come. The global chitosan market has witnessed the inflow of key investments from several venture captilaists and angel investors, majorly on account of the lucrative opportunities that float in this market. Besides all of this, the global market for chitosan is projected to expand as end-use industries for the product develop.

A report on the global market for chitosan by Transparency Market Research (TMR) predicts that the total revenues accumulated by this market would reach a value of US$4.20 bn by the end of 2020. Furthermore, the global chitosan market is projected to expand at a stellar CAGR of 17.70% over the period from 2014 to 2020.

Water Treatment to remain the most Popular Application

On the basis of application, the global market for chitosan can be segmented into cosmetics, water treatment, industrial, biomedicine and pharmaceuticals, food and beverages, agrochemical, and industrial. Amongst these, the demand for chitosan for waste water treatment has been rising at an astral rate due to the pressing demand for drinkable water across all regional pockets. Furthermore, the stipulation of regulations with regards to water treatment has also enhanced the growth prospects of the global market for chitosan. Besides this, chitosan is also used extensively in the biomedicine and pharmaceuticals industry as a key ingredient for the synthesis of drugs, experiment materials, and other key substances. In recent times, the food and beverages industry has also commenced with the usage of chitosan for a variety of applications.

North America to Lead Other Regional Segments

The demand for chitosan in North America has traced an upward graph of growth on account of the prolific nature of the end-user industries in the US and Canada. Furthermore, treatment of waste water is given prime importance as a part of public health initiatives in the region, and this further propels regional demand. The demand for Chitosan in Asia Pacific is also expected to rise due to the ever-increasing demand for potable water in India and China. Besides this, the market for chitosan in Europe, Latin America, and the Middle East and Africa has also traced an upward graph of growth.

This report covers the forecast and analysis of the chitosan market on global and regional levels. The study provides historic data of 2013 along with the forecast from 2014 to 2020, based on both volume (Tons) and revenue (USD million). The study includes drivers and restraints of the chitosan market, along with their impact on demand and production during the forecast period. Additionally, the report comprises the study of opportunities available in the market on the global and regional level. 
 
We have included a detailed value chain analysis in order to provide a comprehensive view of this market. An analysis of Porter’s five forces model has also been included to help understand the competitive landscape in the market. The study encompasses market attractiveness analysis, wherein product segments are benchmarked based on market size, growth rate and general attractiveness.
 
The study provides a decisive view of the chitosan market by segmenting it based on regions. Regional segmentation includes the current and forecast production for North America, Europe, Asia Pacific and Rest of the World (RoW). The segmentation includes production of different grades of chitosan for individual application segments in all the regions.
 
Inflation is not a part of pricing in the report. Prices of different grades of chitosan vary in each region. Hence, a similar volume-to-revenue ratio does not follow for each individual region. The same price for each product grade for individual applications has been taken into account while estimating and forecasting market revenue on a global basis. Regional average price has been considered while breaking down the market by application in each region.
 
The report provides market size of chitosan for 2013 and the forecast for the next six years. The global chitosan market size is provided in terms of both volume as well as revenue. Market volumes are defined in tons, while market revenue for regions is in USD million. Market numbers are estimated based on chitosan production for different applications such as water treatment, pharmaceutical, biomedical, cosmetics, agrochemical, food & beverage and others. Each application requires a separate grade of chitosan. The market size and forecast for each major application is provided in the context of global and regional markets. Numbers provided in the report are based on production of different grades of chitosan and subsequently the production of chitosan materials in various regions.
 
Market estimates for this study have been based on volumes, with revenues being derived through regional pricing trends. The price for commonly utilized grades of chitosan has been considered, and customized product pricing has not been included. The price range of biomedical & pharmaceutical grade of chitosan varies. Cost for the most commonly available grade of chitosan has been considered. The chitosan market has been analyzed based on expected production capacity keeping in line with the rising demand. The market data for each segment is based on production volumes and corresponding revenues. Prices considered for calculation of revenue are average regional prices obtained through primary quotes from numerous regional suppliers, distributors, and direct selling regional producers, based on manufacturer feedback and application requirement. Forecasts have been based on expected production for different application segments, primarily water treatment, cosmetics, food & beverages, biomedical & pharmaceutical, agrochemical, industrial and others. We have used the bottom-up approach by considering individual application segments and integrating these to arrive at the global market. Application segments have been further bifurcated using the top-down approach to derive the regional product market consumption. The study covers manufacturers of chitosan. We have not included unorganized sectors of the market due to lack of secondary or primary data on this segment.
 
The report provides a detailed competitive outlook including market shares and company profiles of key participants operating in the global market. Key players profiled in the report include Biothera, G.T.C. Bio Corporation, KitoZyme S.A., FMC Health & Nutrition, Golden-Shell Pharmaceutical Co. Ltd. and Primex ehf. Company profiles include attributes such as company overview, financial overview, business strategy and recent developments.
 
Chitosan Market - Application Analysis
  • Water treatment
  • Biomedicine & pharmaceutics
  • Industrial
  • Food & beverages
  • Cosmetics
  • Agrochemical
  • Others (Including fuel cells, photographic products, etc.)
Chitosan Market - Regional Analysis
  • North America
  • Europe
  • Asia Pacific
  • Rest of the World
.