PDF for Chitosan Market: Global Market Insights, Inc. Chitosan Market size

Chitosan Market size worth $7.9 billion by 2024: Global
Market Insights Inc.

Chitosan Market size is expected to reach USD 7.90 billion by 2024; according to a new
research report by Global Market Insights, Inc.

Global chitosan market applications include water treatment, food & beverage, cosmetics,
industrial, biomedicine & pharmaceuticals, agrochemical, and others. Water treatment
dominated the application base and accounted for over 30% of chitosan market share in 2015.

Rapid industrialization in BRIC nations accompanied with growing urban population has
propelled clean water demand across the globe owing to positively influence industry growth
from 2016 to 2024. Whereas, biomedical & pharmaceuticals is projected to expand at greater
rate over 17% owing to increasing health issues such as obesity.

It is a coagulant for organic and inorganic compounds present in water, also used as chelating
agent to bind toxic heavy metals that are present in industrial wastewater.

Rising product demand in water treatment applications owing to its biodegradability, non-toxic
nature, and easy availability is anticipated to complement chitosan market size by 2024. In
addition, increasing water pollution in countries such as China, India, and Malaysia will further
complement industry growth.

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