What is Chitin Market Scope?
Chitin is a long-chain polymer consisting of repeated units of N-acetyl glucosamine, made from chains of modified glucose. It is mainly found in the exoskeletons of insects, cell walls of fungi and certain hard structures in invertebrates and fish. Chitin is the second-most abundant natural biopolymer in the world. It is used as fertilizer, food additive, emulsifying agent, medicinal purpose and for the surgical thread. Researchers at the Georgia Institute of Technology have developed a material from cellulose and chitin that could offer an environmentally friendly alternative to traditional plastic packaging for food and consumer goods. Increased demand from the healthcare industry will drive the chitin market in the upcoming future.
The Chitin market study is being classified by Type (Beta Chitin and Alpha Chitin), by Application (Agriculture, Industrial, Medicine and Others) and major geographies with country level break-up.
Analysts at AMA predicts that Players from United States will contribute to the maximum growth of Global Chitin market throughout the predicted period.
Wellable (United States), CarboMer Inc. (United States), Yaizu Suisankagaku Industry Co. Ltd. (Japan), Golden-Shell Pharmaceutical Co. Ltd. (China), Heppe Medical Chitosan GmbH (Germany), Meron Group (United States), Navamedic ASA (Norway), Kitozyme (Belgium), Kunpoong Bio Co., Ltd. (South Korea) and Primex Ehf (Iceland) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Zhejiang Candorly Pharmaceutical Co., Ltd. (China), Kunpoong Bio Co. Ltd. (Korea), Mahtani Chitosan Pvt. Ltd. (India) and Bayir Extracts Pvt. Ltd (India).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Chitin market by Type, Application and Region.
On the basis of geography, the market of Chitin has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their development strategies
On 13th February 2019, Navamedic has entered into a Share Purchase Agreement to acquire 100% of the shares in Novicus Pharma. The acquisition will strengthen Navamedic’s executive team, product pipeline and network in the pharma industry.
Influencing Market Trend
- Trend of Growing Use in Agrochemicals
Market Drivers
- Increased Demand From Healthcare And Allied Industries.
- Rising Use in the Medicines
Opportunities
- Expansion of the Healthcare Industries
Restraints
- Insolubility of the Chitin Limits the Growth of the Chitin Market
Challenges
- Making Of Innovative and Feature Enriched Products
Key Target Audience
Chitin Products Manufacturers, Raw Material Suppliers/ Buyers, Distributors, Research institutes and organizations, Government Body & Associations and End-user
Customization available in this Study:
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