Automotive Adhesives & Sealants Market Overview
The Chitin market revolves around the production and application of chitin, a naturally occurring structural polysaccharide made of modified glucose chains. As the second most abundant biopolymer after cellulose, chitin is mainly found in the exoskeletons of insects and crustaceans, the cell walls of fungi, and hard structures of invertebrates and fish. Valued for its biodegradable and non-toxic nature, chitin is widely used across industries including agriculture, pharmaceuticals, food, and biotechnology.
Market Value & Growth Projections
Market Value & Growth Projections:
• Market Value in 2024: USD 116 million
• Projected Value by 2031: USD 141 million
• CAGR 2.9% (2024–2031)
Key Market Drivers:
• eco-friendly and biodegradable products • chitin extraction and processing
Market Segmentation
By Type
By Application
Food Grade Chitin
Industrial Grade Chitin
By Region
Industrial
Agriculture
North America
Europe
Key Market Players
Kunpoong
Regional Market Analysis
• North America
Countries: United States, Canada, Mexico
Drivers: Industrial applications, pharmaceutical demand
• Europe
Countries: Germany, France, UK, Italy, Russia, Nordic
Countries, Benelux, Rest of Europe
Drivers: Sustainability initiatives, presence of major chitin producers
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