The Chitosan Market is being driven by Emerging applications from end-user industries
The Chitosan Market is expected to grow at a CAGR of 23.31% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 18678.5 million. In the realm of sustainable and eco-friendly materials, biopolymers such as chitosan are increasingly preferred over petroleum-derived polymers for scientific and industrial applications. Chitosan nanoparticles, produced by the incorporation of tripolyphosphate (TPP) into chitosan solutions, offer versatile properties and excellent characteristics. These nanoparticles find extensive use in various sectors, including pharmaceuticals, biomedicines, foods and beverages, and personal care products, due to their antimicrobial and antibacterial properties. In the biomedical industry, chitosan nanoparticles are utilized to regulate the release rates of drugs, proteins, DNA, and biomedicines to the intended site within the body. Meanwhile, in cosmetics and food industries, they serve as effective coating materials.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
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Report Coverage |
Details |
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Page number |
178 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 23.31% |
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Market growth 2024-2028 |
USD 18678.5 million |
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Market structure |
fragmentation |
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YoY growth 2023-2024(%) |
18.59 |
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Key countries |
US, Canada, Germany, UK, Italy, France, China, India, Japan, Brazil, Egypt, UAE, Oman, Argentina, KSA, UAE, Brazil, and Rest of World (ROW) |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The Chitosan market is experiencing significant growth due to its versatile applications in various industries. This biodegradable polysaccharide is derived from chitin, which is abundant in the shells of crustaceans such as squid pens, crab shells, and shrimp shells. Chitosan is a cationic polysaccharide with excellent humectant properties, making it an ideal nutrient encapsulation agent for food and pharmaceutical applications. In the healthcare sector, chitosan is used to manage inflammations, hypertension, and hypercholesterolemia due to its antimicrobial activity, antioxidant properties, and ability to bind to bile acids. Synthetic surfactants and emulsifying properties of chitosan are used in the food industry as a thickening agent, clarifying agent, and stabilizer. Moreover, chitosan is also used as a food preservative and in cosmetics due to its health benefits. In the industrial sector, chitosan is used for wastewater treatment, particularly in textile and dye industries, to remove oil impurities and organic oxidized compounds, including organochloride pesticides. Gamma, beta, and alpha chitosan are the most commonly used forms of chitosan, each with unique properties that cater to various applications.
The global specialty chemicals industry encompasses businesses specializing in high-value-add chemicals utilized in the production of a diverse range of products, including fine chemicals, additives, advanced polymers, adhesives, sealants, specialty paints, pigments, and coatings. According to Technavio's market analysis, the specialty chemicals market size is determined by the consolidated revenue generated by manufacturers focusing on high-value-added chemicals. Key growth drivers for this market include the increasing demand for specialized adhesives and sealants, which are expected to significantly contribute to market expansion throughout the forecast period. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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