Chitosan is a derivative of chitin that is extracted from shells of aquatic species such as lobsters,shrimps, and crabs. Chitosan is widely used in dietary supplements as it inhibits the lipid absorption in the gastrointestinal tract. It is also used in various healthcare applications due to biodegradability and biocompatibility properties. It is used in hemostatic dressing in order to treat wounds owing to its anticoagulant properties.
The global chitosan market is estimated to account for US$ 3,573.1 Mn in terms of value and 53,806.0 Tons in terms of volume by the end of 2019.

Market Dynamics
Chitosan is also used in the dental filler materials which is further projected to bolster the market growth. Chitosan is gaining traction in the healthcare industry where it is used in the manufacturing of bio-based products for wound care management.

Drivers:
The growing demand for chitosan as a flocculant in the water treatment industry is primarily fueling the market growth of the chitosan. It is an effective coagulant for treating wastewater. Moreover, it is also used as a chelating agent where it easily binds to highly toxic heavy metals present in the wastewater. Chitosan is broadly used in wastewater treatment due to its biodegradability and non-toxic nature.

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Detailed Segmentation:
• Global Chitosan Market, By Application:
◦ Water Treatment
◦ Biomedicine & Pharmaceuticals
◦ Industrial
◦ Food & Beverage
◦ Cosmetics
◦ Agrochemicals
◦ Others

Major Keyplayers: GTC Bio Corporation, KitoZyme S.A., Biothera, Golden-Shell Pharmaceutical Co., Ltd., FMC Health and Nutrition, Panvo Organics Pvt., Ltd, Heppe Medical Chitosan GmbH, Primex ehf, PT Biotech Surindo, Xianju Tengwang Chitosan Factory

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