Chitosan Market Size Worth $28.93 Billion By 2027

The global chitosan market size is projected to reach USD 28.93 billion by 2027, according to a new report by Grand View Research, Inc. It is expected to expand at a revenue-based CAGR of 24.7% during the forecast period. Increasing consumption of bio-derived products in water treatment, cosmetics, food and beverage, and pharmaceutical industries is likely to derive the growth.

Chitosan is marketed under various grades, such as industrial, pharmaceutical, and food depending upon the purity of the product. In the pharmaceutical industry, it is used as diluents for tablets, a binder in wet granulations, dis-integrant, drug carrier, and absorption enhancer. In addition, chitosan and its derivatives can easily penetrate the plasmatic membrane of microorganisms and kill bacteria, fungi, and other parasites. Hence, is used for treating infections in orthopedic, neurological, gynecological, and cardiovascular surgical procedures.

North America is expected to emerge as one of the major markets for chitosan during the forecasted period, registering a CAGR of 19.2% in terms of volume, between 2020 to 2027. The region has experienced a growing demand for chitosan products owing to increasing biobased industries. Manufacturers are heavily investing in R&D activities to develop the pure grade of chitosan. However, high production cost owing to the irregular supply of the raw material is anticipated to hamper market growth over the forecast period.

The market is highly fragmented in nature owing to the presence of a large number of small-scale players, especially in countries including Japan, China, Thailand, and South Korea. These countries have favorable government regulations to promote growth of their fishery industry. Hence, several companies such as Qingdao Yunzhou Biochemistry Co., Kyowa Technos Co., Ltd., Dainichiseika Color & Chemicals Mfg. Co. Ltd., and KIMICA Corporation have manufacturing as well as distribution channels present in the region.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/global-chitosan-market

Further key findings from the report suggest:

In terms of revenue, chitosan is anticipated to expand at a CAGR of 24.7% from 2020 to 2027, since they are used in large quantities in the production of antiseptics, food items, cosmeticts, medicines, textiles, and other consumer products
The U.S. chitosan market is anticipated to exceed 36.98 kilo tons by 2025, owing to the abundant availability of raw material, which has further flourished the industrialization in the country
Some of the key market participants are Panvo Organics Pvt. Ltd.; Qingdao Yunzhou Biochemistry Co.; Meron Biopolymers; Advanced Biopolymers AS; Biophrame Technologies; Heppe Medical Chitosan GmbH; United Chitotechnologies Inc.; Foodchem International Corporation; KitoZyme S.A.; and Chitosanlab

Glucuronolactone Market Size To Reach $436.5 Million By 2024

The global glucuronolactone market is expected to reach USD 436.5 million by 2024, according to a new report by Grand View Research, Inc. Growing consumer awareness towards the use of glucuronolactone in various food & beverage products including energy drinks and nutrition supplements will augment industry growth over the next eight years. Growing use of the product for manufacturing pharmaceutical drugs and health supplement is expected to fuel industry growth over the forecast period. The positive outlook towards sports nutrition in light of increasing importance of active lifestyle will promote market expansion.

Food & beverage was the prominent end-use segment and was valued at USD 155.1 million in 2015. Rising health conscious population in the urban region is expected to fuel demand growth over the forecast period. Rising disposable income, increasing health awareness, growing population in various countries including the U.S., Brazil, India and China will promote market growth over the upcoming years.

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http://www.grandviewresearch.com/industry-analysis/glucuronolactone-market

Further key findings from the report suggest

Pharmaceutical application will witness the fastest growth at a CAGR of 7.0% from 2014 to 2024 as a result of increasing usage of glucuronolactone based tablets and supplements to cure arthritis, hepatocirrhosis, and hepatitis. Furthermore, recovery of pharmaceutical industry in the U.S. is expected to drive market growth over the forecast period.
North America glucuronolactone market was valued at USD 106.7 million in 2015 and will show significant rise owing to growing demand for energy drinks and nutritional supplements. Moreover, adoption of glucuronolactone as a supplement is also expected to fuel demand over the forecast period.
Asia Pacific will witness significant growth at a CAGR of 6.6% from 2016 to 2024 in light of the high level of glucuronolactone producers in China, India, and Japan with a high level of exports. Moreover, abundant availability of the product in China is expected to have a positive impact on the market over the coming years. Growing pharmaceutical sector in China, India, Indonesia, Malaysia Philippines, Singapore, Thailand and Vietnam will stimulate industry expansion.
Key manufacturers & exporters in the global glucuronolactone industry include Aceto Corporation, Anhui Fubore Pharmaceutical & Chemical Co., Ltd., Creative Compounds, LLC, Foodchem International Corporation, Hubei Yitai Pharmaceutical Co., Ltd., Merck Millipore Corporation, and Shaoxing Marina Biotechnology Co., Ltd.
Merck Millipore Corporation offers glucuronolactone produced by glucose oxidase and used as a nutritional supplement in pharmaceutical industries.

Fermentation Chemicals Market Size Worth $85.77 Billion By 2025

The global fermentation chemicals market size is projected to reach USD 85.77 billion by 2025, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 5.6% during the forecast period. Rapid industrialization in the BRICS nation is expected to remain a key growth driver.

Energy, plastics, pharmaceuticals, and food and beverage are some of the manufacturing sectors where fermentation chemicals are used widely. Rising demand for Polytrimethylene Terephthalate (PTT) acts as a major driver for rising product consumption in plastic manufacturing. PDO and lactic acid are anticipated to be the principal beneficiaries of this strong growth, though other fermentation chemicals are expected to benefit, as the market for biodegradable plastics expands.

Brazil, Russia, India, China, and South Africa (BRICS) has witnessed high production industrial growth, directly impacting demand for fermentation chemicals. These markets registered high industrial production growth over the period and remain one of the fastest-growing industrial regions across the globe. Major growth drivers for the manufacturing sector in these markets include favorable foreign investment norms, availability of large pool of skilled labor, and technological know-how.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/fermentation-chemicals-market

Further key findings from the report suggest:

Alcohol was the largest product segment, with a market share of over 50% in 2018. Increase in use of alcohols in industry application is expected to trigger the demand
Plastics and fibers is anticipated to witness the fastest CAGR of 5.6% from 2019 to 2025 owing to rising demand for bio-degradable plastics
Using green chemistry to manufacture of fermentation chemicals is the most efficient and practical way of reducing greenhouse effect. The Environmental Protection Agency (EPA) and the European Union have established stringent regulations which are expected to positively propel the product demand due to its environment-friendly properties
Germany was one of the major countries in Europe with a global market share of around 11% to 12% in 2018. The demand is driven by technological advancements in chemical manufacturing accompanied with an increasing focus on development of biodegradable plastics
Some of the key players in the fermentation chemicals market include The Dow Chemical Company; Evonik Industry; Cargill Inc.; Archer Daniels Midland; BASF SE; DuPont Danisco A/S; and Ajinomoto.