Chitin Market: Global Industry Analysis and Opportunity Assessment 2015

Global Chitin
Market
Share, Global Trends,
Analysis, Research, Report,
Opportunities,
Segmentation and Forecast,
2015
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Chitin is a naturally found polymer of N-acetyl glucosamine. Chitin forms a major
constituent of fungi cell walls, arthropods exoskeletons and beaks and internal shells of
marine animals. Chitin can be segmented based on its derivatives such as glucosamine,
chitosan and others. End user applications of chitin include agrochemicals, food &
beverages, biotechnology, pulp & paper, healthcare & medicine, photography products,
cosmetics, textile finishes among others.
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Growing end user applications and surging demand from agrochemicals and healthcare
sectors are expected to drive the chitin market. Chitin is a biopolymer and its fat trapping
property makes it indispensable to use in healthcare sector. It is claimed to reduce
absorption of lipids and fats into body and therefore it is always recommended in weight
management program. Chitin is also used to treat bowel syndrome, as this biopolymer
has cleansing activities to facilitate better digestion, hence it is also used in dietary
supplements and in blood pressure management. Further, growing demand for chitins
and its derivatives from water treatment sector is expected to boost the market growth.
Need for replacement of synthetic flocculants is aiding the demand for biopolymers.
Chitin is used as coagulant, filtration agent for spas and pools, removal of metal ions,
treatment of nuclear waste water and de-colorization of dye water and industrial waste
treatments.
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However high production cost, lack of quality product and low production capacities are
expected to hamper the market growth. Applications like food and cosmetics require high
purity products as it has to get FDA approval for use in formulations. Lack of production
technology, lack of awareness about benefits of biopolymers and high patent costs may
inhibit the chitin market growth. New applications in field of biomedicine and
agrochemicals are poised to fuel future chitin consumption.
Asia Pacific was the largest market of the chitin in terms of consumption. Growing
demand from various end user applications are expected to drive the market in this
region. Increasing health awareness coupled with growing cholesterol related problem
has increased the demand for chitin. This region is expected to grow at higher pace as
compared to other regions. Asia Pacific was followed by North America in terms of
consumption. Application in biomedicine and cosmetics are expected to fuel the market
in this region. Developing countries from Latin America and Middle East are expected to
provide opportunities in the near future.
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Some of key players include Navamedic ASA,Biothera,Kunpoong Bio Co. Ltd., CarboMer
Inc., Advanced Biopolymers AS, Sonat Co.,Heppe Medical Chitosan GmbH, United
Chitotechnologies Inc., Dalian Xindie Chitin Co. Ltd., Meron Biopolymers, QBas Co.,
PrimexEhf, TaizhouCandorly Sea Biochemical & Health Products Co. Ltd. among others.
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