Choline Chloride Market Growth 2019-2024

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Abstract:

Choline chloride is a quaternary ammonium salt and an organic compound. It is white crystalline solid and colorless in its liquid form.Choline chloride has several grade with different content, which include 50%, 60%, 70%, 75% and 98%, etc. With development of poultry industry, the demand choline chloride will continue to increase. So, choline chloride has a huge market potential in the future.The major raw material for Choline chloride is hydrochloric acid, ethylene oxide, trimethylamine and other auxiliary materials. Fluctuations in the price of the upstream product will impact on the production cost of choline chloride, and then impact the price of Choline chloride. The production cost of choline chloride is also an important factor which could impact the price of choline chloride.We tend to believe this industry is a rising industry, and the consumption increasing degree will show a smooth growth curve. And the price presents fluctuation according to the economy development status and international competition. Also, there is fluctuation in gross margin.

According to this study, over the next five years the Choline Chloride market will register a 2.2% CAGR in terms of revenue, the global market size will reach US$ 665.5 million by 2024, from US$ 598.1 million in 2019. 

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In particular, Choline chloride report presents the global market share (sales and revenue) of key companies in Choline Chloride business, shared in Chapter 3.This report presents a comprehensive overview, market shares, and growth opportunities of Choline chloride market by product type, application, key manufacturers and key regions and countries.

This study considers the Choline Chloride value and volume generated from the sales of the following segments:

Choline chloride Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.

  • 50% Purity
  • 60% Purity
  • 70% Purity
  • 75% Purity
  • 98% Purity
  • Others

Choline chloride Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.

  • Animal Feeds
  • Fracturing Fluids
  • Food and Pharmaceuticals
  • Others

Choline chloride report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.

  • Americas
  • United States
  • Canada
  • Mexico
  • Brazil
  • APAC
  • China
  • Japan
  • Korea
  • Southeast Asia
  • India
  • Australia
  • Europe
  • Germany
  • France
  • UK
  • Italy
  • Russia
  • Spain
  • Middle East & Africa
  • Egypt
  • South Africa
  • Israel
  • Turkey
  • GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in Choline chloride report: Breakdown data in in Chapter 3.

  • Balchem
  • Eastman
  • BASF
  • Algry Química
  • Jubilant Life Sciences
  • MGC Advanced Chemical
  • Yokkaichi Chemical
  • Impextraco
  • VIV Interchem
  • Balaji Amines
  • GHW
  • NB Group
  • Jujia Biotech
  • Kangtai Chemical
  • Dazheng Feed Science & Technology
  • Liaoning Bicochem
  • Aocter Group
  • Jinan Asia Pharmaceutical

In addition, Choline chloride report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives

  • To study and analyze the global Choline Chloride consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
  • To understand the structure of Choline Chloride market by identifying its various subsegments.
  • Focuses on the key global Choline Chloride manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
  • To analyze the Choline Chloride with respect to individual growth trends, future prospects, and their contribution to the total market.
  • To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
  • To project the consumption of Choline Chloride submarkets, with respect to key regions (along with their respective key countries).
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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