Global Chitosan Market Poised for Strong Profits but New Entrants are Eating Substantial Shares
A recent business intelligence study on chitosan market by Transparency Market Research (TMR) has notified that owing to the easy availability of raw materials and expanding application scope will ensure a prosperous future. The analyst has foreseen removal of pollutants across industries and municipal wastewater management facilities to open vast new opportunities in the near future. As per the projections of the TMR report, the global chitosan market will be worth US$4.20 billion by the end of 2020, with the demand growing at an impressive CAGR of 17.70% during the forecast period of 2014 to 2020. Abundance of Raw Materials Inviting New Players Chitosan, being a natural biopolymer that is second most abundant polysaccharide in the World behind cellulose, which means it easy for new players to make a foray and consume substantial chunk of shares. However, the TMR report has identified and profiled a few prominent players of the chitosan market, including Xianju Te...