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𝐂𝐡𝐢𝐭𝐨𝐬𝐚𝐧 𝐌𝐚𝐫𝐤𝐞𝐭 𝐢𝐬 𝐏𝐨𝐰𝐞𝐫𝐞𝐝 𝐛𝐲 𝐭𝐡𝐞 𝐑𝐢𝐬𝐢𝐧𝐠 𝐃𝐞𝐦𝐚𝐧𝐝 𝐟𝐨𝐫 𝐂𝐡𝐢𝐭𝐨𝐬𝐚𝐧 𝐢𝐧 𝐭𝐡𝐞 𝐁𝐢𝐨𝐦𝐞𝐝𝐢𝐜𝐚𝐥 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲
The chitosan market is growing at a rapid pace, and this trend will continue in the years to come as well. The main factors responsible for the growth of the industry are the increasing acceptance of chitosan in food and beverage, wastewater purification, pharma, bioplastic agrochemical, and cosmetic applications.
Chitosan is non-toxic and biodegradable, and it initiates from a natural source, which aids in the above-mentioned industries uphold sustainability and powers the requirement for this material in biomed and pharmacological uses.
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The shrimp category led the industry, both regarding volume and revenue, in the recent past, on the basis of source. Moreover, this category will display a considerable growth rate in the years to come as well. This has a lot to do with the high content of chitin in shrimp shells and mounting requirement for shrimp chitosan for the treatment of wastewater and as a component in food preservatives.
The water treatment category had the leading share in the past, and it will power at a considerable rate in the years to come, on the basis of application. This is because of the coagulation capability of chitosan on both the inorganic and organic substances, which are present in water. Furthermore, it also helps in the removal of dyes and in flocculation, throughout the treatment of water.
APAC chitosan market led the way in the past. Furthermore, the industry will grow the fastest in the future. This can be credited to the chelating property of chitosan, making it just perfect treating heavy-metal-laden industrial effluents. Regarding this, the high investments made by private and government organizations for water treatment in Malaysia, China, and India would power the growth of the industry.
The requirement for chitosan in the biomedical sector is increasing as it is a significant raw material for bioactive materials. As a result of its biocompatibility, it is extensively put to use for producing hydrogels, fibers, films, and sponges, which are all bioactive materials.
Furthermore, the use of this chemical in drug delivery systems is growing as a result of its capability to surge the constancy and water solubility of drugs, extend cycle time, capability to surge the acceptance of drugs by target cells or tissues, and decrease enzyme degradation, thus improving the effectiveness and safety of drugs. As a result of the aforementioned factors, the industry for chitosan will grow.
It is because of the rising demand for chitosan in the biomedical industry, the requirement for this compound is on the rise. This trend will continue to grow in the years to come as well.
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