Global Chitin Market to Exceed 51.4 Thousand Metric Tons by 2012, According to New Report by Global Industry Analysts, Inc.

San Jose, CA (PRWEB) April 15, 2008 -- Chitin and chitosan have a wide range of applications, some of which include water treatment, cosmetics & toiletries, food and beverages, agrochemicals, health care/medical, cell culture. Tremendous growth opportunities exist in biotechnology, chemistry, cosmetics, agriculture, food science, medicine, environmental technology, soil conditioning, and a host of technical uses. All round growth is expected to drive the chitin and chitosan market (http://www.strategyr.com/Chitin_and_Chitosan_Market_Report.asp). Japan is the largest market for chitin derivatives and is estimated at 20 thousand metric tons for 2008, as stated by Global Industry Analysts, Inc. The US chitin derivatives market (http://www.strategyr.com/Chitin_and_Chitosan_Market_Report.asp) is expected to record a CAGR of nearly 21.5% over the period 2001-2010. Among Chitin derivatives, chitosan is projected to offer the highest growth potential. Chitosan market (http://www.strategyr.com/Chitin_and_Chitosan_Market_Report.asp) in Asia-Pacific is projected to grow at a compounded annual rate of 24.5% over the period 2001-2010.

Eco-friendliness is a key factor positively affecting the use of more non-medical grade biopolymers. The renewable, degradable and recyclable properties of biopolymers make them the 'preferred environmentally friendly' products. Garbage bags and food packaging also represent a growing application area, where polyhydroxyalkanates (PHAs) offer a biodegradable alternative to oil-based thermoplastic materials. Biopolymers are 10X more costly than the biodegradable versions of plastic currently. New technologies for production of biopolymers, and establishment of large scale manufacturing operations would drive down cost substantially to make a valid business case for their adoption. On the flip side, high cost of products, lack of quality chitin and chitosan in the market, production shortages, issues of molecular weight and deacetylation, and high pollution during processing are some of the major issues impeding growth of chitin and chitosan.

The report titled "Chitin & Chitosan: A Global Strategic Business Report" published by Global Industry Analysts, Inc., provides a comprehensive review of market trends, end-use applications, Research & development, product overview, competition, product introductions/innovations, and recent industry activity. The study analyzes market data and analytics in volume sales for regions such as United States, Canada, Japan, Europe and Asia-Pacific by derivatives - Glucosamine and Chitosan, for the period 1991-2015. The report also analyzes chitosan market by end uses, including Water Treatment, Cosmetics & Toiletries, Food & Beverages, Healthcare/ Medical, Agrochemicals, Biotechnology, Pulp & Paper, Textile Finishes and Photography Products.

Key players dominating the global chitin & chitosan market include Advanced Biopolymers, Biothera, CarboMer, Dalian Xindie Chitin, HaloSource Inc, Heppe GmbH, Kunpoong Bio, Meron Biopolymers, Navamedic, Primex Ehf, Qbas, Taizhou Candorly Sea Biochemical & Health Products, United Chitotechnologies and V-Labs, Inc.

For more details about this research report, please visit

http://www.strategyr.com/Chitin_and_Chitosan_Market_Report.asp

About Global Industry Analysts, Inc.

Global Industry Analysts, Inc., (GIA) (http://www.strategyr.com) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.

Telephone 408-528-9966

Fax 408-528-9977

Web Site www.StrategyR.com

###