An Incisive, In-depth Analysis on the Chitin Market
This study offers a comprehensive, 360 degree analysis on the Chitin market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Chitin market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
The chitin market is expected to register a 3.3x growth in terms of value by 2027 end
Chitin is obtained from shrimp, crab and lobster waste. Insect chitin, a by-product from animal feed production, is a new source for chitin. Adult insects are used for reproduction and the larvae are used as a protein source for animal feed. The leftover insect and cocoon bodies are used as a chitin source. This chitin is used in the textile industry, building & construction, packaging materials, clothing for work and protection, civil engineering, etc., which is expected to boost the growth of chitin during the forecast period.
This fact based research carried out by Future Market Insights covers overall market for chitin. This includes sources of chitin, trends, developments by various key players and other aspects impacting the growth of the global market for chitin. Additionally, analysis on drivers fuelling the growth and restraints hindering the growth of the chitin market across the globe is included. The market segmentation covers all angles of the market thus portraying a holistic approach. This all-inclusive research report reflects the growth path of the global chitin market by including forecast highlights. According to this research report, the global chitin market is expected to reach an estimation of about US$ 2900 Mn by the end of the year of estimation from a value a little under US$ 900 Mn in 2017. The global chitin market is projected to reflect a CAGR of 12.7% throughout the period of forecast.
Chitin to witness very high demand in the healthcare industry
In the healthcare industry chitin and chitin/chitosan derivatives are used in treatment of various diseases such as tuberculosis, in healing wounds, in obesity to control cholesterol level in the body, to break fat molecules, and also in tissue engineering. Healthcare segment, in the end use industry category, is expected to witness high growth and high value during the forecast period. The healthcare segment is projected to grow at the highest rate to register a value CAGR of 14.2% throughout the period of assessment, 2017-2027. There has been a rising demand for chitin in the healthcare sector since past many years. This has led to an increase in the consumption of chitin making this segment the most lucrative of all other end use industry segments. The healthcare segment is estimated at US$ 309 Mn in 2017 and is anticipated to reach a valuation of more than US$ 1 Bn by the end of the year of assessment (2027).
Waste and water treatment to offer significant growth opportunities for chitin market in the coming years
In waste and water treatment, chitin/ chitosan derivatives find wide applications. It acts as a flocculating and a coagulating agent, removes metal and heavy ions from water, clarifies the water, reduces odours, etc. The waste and water treatment segment in the end use industry category is anticipated to grow at a noteworthy speed to register a value CAGR of 12.8% during the period of forecast. This segment is the second largest in terms of value as well as growth rate. The estimation calculation of this reflects a high number by the end of the assessment year. In 2017, the waste and water treatment segment is valued at US$ 190 Mn.
Future Market Insights’ recent research report titled “Chitin Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027)” covers all the vitals of the global chitin market. Valuable market insights with respect to volume and value are included that reflect the revenue growth of the global market. The research study supports the reader in all angles by assisting him in chalking key decisions and strategic moves. The research report includes intelligence on supply chain analysis, pricing analysis as well as the chitin market size and a Y-o-Y growth analysis. Various macroeconomic aspects are covered in this research study that influence the growth of the global chitin market.
The research done on global chitin process is based on a highly accurate research platform. The research process is a fool proof, exquisite methodology and comprehensive with the help of which valuable insights regarding various segments across various regions are drawn. The research process includes two extensive research platforms, namely, primary and secondary research. Secondary research is carried out to gain a high level intelligence of the market. The data collected from the secondary research is used in primary research to verify the credibility of the data. The data undergoes multiple levels of accuracy validations till the conclusion of the research. The final data pertaining to market segments reflects a near to 100 percent accuracy that portrays an accurate market scenario.
The comprehensive research report on global chitin market provides valuable insights with in-depth analysis to the reader. Every organization has its own integral research team, which strives to gather sufficient research data of the market. Future Market Insights aims at doing all the heavy lifting to support them in their research milestones and objectives by providing insights that can be actioned by the integral research team of the reader thus adding value to the reader from a strategic standpoint.
Detailed Competitive Assessment
The extensive research report on chitin market covers detailed competitive analysis. A dedicated section on competitive scenario includes profiles of tier companies operating in the chitin market. Various aspects such as SWOT analysis, key developments, innovations, product portfolio, company overview, product portfolio analysis, strategic overview, geographical reach, key personnel, etc., are covered in this section. The analysis of competition can give you adequate buffer to plan different tactics and gain competitive edge over the competition in the coming years.
The research report on global chitin market covers weighted market segmentation that covers every angle of the market.
By Derivative Type
By End Use Industry
There are several reasons for you to invest in the research report. The main facts supporting your decision are zero biasness in the research data collection, detailed and a comprehensive segmentation of the entire market, key trends and developments taking place in the market, statistical analysis with maximum accuracy, global market forecasts for a period of 10 years that give an idea about the future market scenario based on the current and the past market scenarios thus assisting the reader in slating important strategies with a view to maintain the right tempo and overcome the challenges owing to the changing market dynamics and achieve competitive advantage.