Industry Background:
Chitin derivatives are valuable natural biopolymers derived from a number of different marine and terrestrial sources. It has many special properties such as viscosity, solubility, polyoxysalt formation, polyectrolyte behaviour, optical and structural character. It has features such as biodegradable, biocompatible, nontoxic, renewable, antioxidant activities and antimicrobial. It has wide applications in biomedical such as tissue engineering, drug delivery, wound dressing, scaffolds, cancer diagnosis and others. The rising demand in bio medical industry leads to the growing demand for chitin derivatives.This growth is primarily driven by The Increasing Demand In Bio Medical And Bio Pharmaceutical Industry Leads To The Growth In Chitin Derivatives
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Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Volume Unit | Tons |
Value Unit | Value (USD Million) |
Key Companies in Study | Advanced Biopolymers AS (Norway), Biophrame Technologies (Mexico), UNITED CHITO TECHNOLOGIES INC. (New Castle County), Koyo Group Ltd (China), DAINICHISEIKA COLOR & CHEM MFG CO., LTD. (Japan), Agra Tech Inc. (United States), Kraeber & Co. GmbH (Germany), FMC Corporation (United States), G.T.C. Bio Corporation (China) and Heppe Medical Chitosan GmbH (Germany) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Globally, a noticeable market trend is evident The Demand For Chitin Derivatives Is Rising For Various Clinical Applications. Major Vendors, such as Advanced Biopolymers AS (Norway), Biophrame Technologies (Mexico), UNITED CHITO TECHNOLOGIES INC. (New Castle County), Koyo Group Ltd (China), DAINICHISEIKA COLOR & CHEM MFG CO., LTD. (Japan), Agra Tech Inc. (United States), Kraeber & Co. GmbH (Germany), FMC Corporation (United States), G.T.C. Bio Corporation (China) and Heppe Medical Chitosan GmbH (Germany) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
Tidal Vision Products, Inc., the leading innovator of chitosan chemistry solutions for the water treatment, textiles, and agriculture industries announced today it has acquired ViaeX Technologies Inc., a Bay Area start-up that developed several innovative chitosan-based technologies that displace non-biodegradable and toxic materials with biomolecular solutions for several large industrial applications.
ExxonMobil and FMC Corporation Recognized for Leadership in Environmental, Health & Safety Performance. ExxonMobil implements Responsible Care through its Operations Integrity Management System, a set of worldwide expectations that have been the driving force behind the company’s EHS&S performance improvements. In January, ExxonMobil released its Advancing Climate Solutions Progress Report to convey its activities to drive emissions reductions towards a net-zero carbon future. In March, ExxonMobil announced plans for carbon capture and low-carbon hydrogen project at its Baytown, Texas, olefins plant, which could help reduce site-wide CO2 emissions by 30 percent.
Regulatory Insights:
As of March 26, 2020, there were 22 EPA-registered pesticide products containing chitosan as the active ingredient, including two products from the petitioner (National Pesticide Information Center 2020). Several of the currently active registrations are repackaged products, also registered under a different name. These products fall into four general use groups: fungal disease controls, seed treatments/plant growth regulators, nematode controls, and antimicrobial textile treatments. Additionally, four of the registered products are technical grade active ingredients (TGAIs), used to manufacture other products. Fungal disease control and nematode control are the main foci in this technical report (TR).
Market Drivers
- The Increasing Demand In Bio Medical And Bio Pharmaceutical Industry Leads To The Growth In Chitin Derivatives
- The Rising Demand Of Chitin Derivatives In Food And Beverage Industry As It Is Biodegradable And Non-Toxic
Market Trend
- The Demand For Chitin Derivatives Is Rising For Various Clinical Applications
Restraints
- Unavailability Of Reliable Raw Materials
Opportunities
The Rising Awareness Of Waste Water Treatment Leads To The Growth In Chitin Derivatives
Challenges
As Chitin Derivatives Are Derived From Natural Species Such As Crabs Or Lobsters May Rise To Environmental Concerns For Extension Of These Species
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Chitin Derivatives Study Sheds Light on
The Chitin Derivatives Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Chitin Derivatives industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Chitin Derivatives industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.