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KMID : 0525720130180030198
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Journal of Chitin and Chitosan
2013 Volume.18 No. 3 p.198 ~ p.205
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The Market Trend and Market Opportunity Analysis of Chitin Derivatives
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Hong Dong-Suk
Bae Jin-Woo
Kim Chang-Mok
Lee Joon-Woo
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Abstract
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This study deals with chitin derivatives market analysis which is focused on glucosamine and chitosan. The global chitin derivatives market was estimated at 51.5 thousand metric tons for 2012, with a positive projected of 118.2 thousand metric tons expected by 2018. The glucosamine demand that accounts for 61% of chitin derivatives demand will reach 72 thousand metric tons by 2018. And sales of chitosan are projected to reach 40.6 thousand metric tons by 2018. The chitosan market is less concentrated in Japan while the glucosamine demand in Japan is still dominant over the global glucosamine market. According to the market analysis of chitosan, healthcare/medical application is expected as a promising application in Japan, US and Asia- Pacific region(excluding Japan). The increase of chitosan demand of the healthcare or medical application especially in Asia- Pacific region seems to be a driver factor for the chitosan market. So, this study also shows chitosan market and corporate trends related with healthcare or medical application. The technology innovation strategy to dominate market of the potentially promising applications including the healthcare or medical application, biotechnology related application, photography products, food and beverages, cosmetics and toiletries application is needed.
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KEYWORD
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Chitin derivatives, Chitosan, Glucosamine, Market analysis, Promising application
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