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Published Date: 2014-09-26Number of Pages: 77

Chitosan Market for Water Treatment, Biomedicine & Pharmaceutics, Industrial, Food & Beverages, Cosmetics, Agrochemical and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020

Global Chitosan Market: Snapshot

Extensive application of chitosan as adsorbents and flocculants in wastewater treatments, including removal of pollutants industrial and municipal wastewaters, is a key factor driving the market. Several attractive characteristics such as hydrophobicity, and biocompatibility, biodegradability make the use of chitosan biopolymer preferable to polysaccharides. Various specific modifications possible with its chemical structure make it widely popular in a variety of value-added applications such as biomedicine, foods and beverages, pharmaceuticals, and cosmetics. This has led to a steady evolution of the market in the recent years.

Rapidly emerging applications of chitosan nanoparticles as potential drug delivery agents are unlocking exciting opportunities for market players. Several clinical studies focus on investigating the efficacy of chitosan derivatives in medical sciences have further expanded their applications. This is also unlocking a number of exciting application areas such as environment-friendly pesticides in agriculture and as skin treatment products in cosmetics.

The global chitosan market is projected to grow at a healthy clip, rising at a CAGR of 17.70% between 2014 and 2020. Expanding at this pace, the market is predicted reach US$4.20 bn by the end of the forecast period.

Wide Application in Wastewater Treatment

Based on application, the chitosan market is segmented into water treatment, biomedicine & pharmaceutics, industrial, food & beverages, cosmetics, agrochemical, fuel cells, and photographic products. Among these, chitosan have the major application in wastewater treatment. The substantial application is attributed to their attractive coagulation and flocculation properties, low cost and ease of application. The affinity of chitosan for a variety of contaminants make its use suitable as an effective adsorbent organic pollutants from various industrial wastewaters, such as textile wastewaters and pulp and paper mill wastewaters. This is due to the ability of chitosan in adsorbing heavy metal ions.

The market is witnessing a growing number of applications of chitosan in cosmetics. Chitosan, due to significant antifungal and antibacterial properties, are being widely used in making a number of cosmetics products such as hair lotions, face cleanser, body washes, and in various skin protection formulations.

On the other hand, the application segment of biomedical and pharmaceutical is forecast to grow at the leading CAGR over the forecast period. The stellar growth of this segment is driven by the natural antifungal activities of chitosan nanoparticles. Highly purified versions of chitosan are used in making powerful drug excipient owing to their due to their biocompatibility and non-toxicity, which makes it as a natural choice.

Chitosan is also exhibiting promising applications in agriculture, chiefly as agricultural chemicals by helping beneficial microorganisms in soil to thrive and inhibiting the growth of harmful microorganisms. Its application in making various environmental-friendly pesticides is also gaining prominence.

Asia Pacific to Account for Largest Production while North America tops in Demand for Chitosan

Geographically, the global chitosan market is segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). Of these, Asia Pacific leads the global market currently and is closely trailed by Europe and North America, in terms of the volume of production of chitosan. A major chunk of growth comes from nations such as Japan and China, since they are the leading producers of chitosan. The demand for chitosan in various application areas is rising in emerging nations of Asia Pacific. On the other hand, the RoW segment is projected to register the leading CAGR over the forecast period; this is projected to be followed by the Asia Pacific market for chitosan.

In terms of demand, North America is expected to supersede all others and emerge as the leading regional market. The substantial demand for chitosan in the region is attributed to the accelerating demand for various cosmetic products in the region and the promising application of chitosan in making various biomedical and pharmaceutical products.

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


 
 
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