DUBLIN, Nov. 5, 2014 /PRNewswire/ -- Research and Markets has announced the addition of the "Choline Chloride Market by End-User, and Geography - Regional Trends & Forecast to 2019" report to their offering.
The choline chloride market had a consumption of around 430 kilo tons in 2013. The global market is projected to grow at a CAGR of 5.6% from 2014 to 2019. Asia Pacific held the highest share in 2013 and is anticipated to grow with the highest growth rate in the period 2014-2019 with China having the largest share. The low penetrated markets of Middle East and Africa is expected to high growth while the highly developed North American and European regions are predicted to show moderate growth. Growth in the North American region will predominantly be from the new clay stabilizer application in oil and gas industry.
Balchem Corporation (U.S.), Taminco Corporation (Belgium), BASF (Germany), Havay Chemicals (China), NB Group Co., Ltd (China), Jubilant Life Sciences Ltd. (India), Algry Química (Spain) are the major active players in the choline chloride market. Kemin Industries is comparatively a new player in the market with product only for the ruminant feed segment. These companies showed significant presence amongst other players in the fragmented global choline chloride market.
Not many developments were seen in the choline chloride market as it is a small part of the feed market and most compound feed producers never had much focus on it. However, there were some new product launches in the ruminant feed segment as the new encapsulation technology came up. Balchem Corporation is the strongest player in the market with significant capacity expansion in the recent years.
Recently, the company entered into a production joint venture with Taminco to build a world scale production facility in the U.S. Both the companies are increasingly focusing on the oil and gas application. Many companies offering choline chloride are actively trying to increase awareness among the buyers about the importance of using choline chloride. They are trying to enter the low penetrated markets in developing regions. Many companies are also entering the new clay stabilizer application.
Key Topics Covered:
2 Executive Summary
3 Premium Insights
4 Choline Chloride Market Overview
5 Choline Chloride Market, By End-User Market
6 Choline Chloride Market, By Geography
7 Competitive Landscape
8 Company Profiles
- A&C Co. Inc.
- Algry Quimica Sl
- Be-Long Corpration
- Balaji Amines Ltd.
- Basf Se
- Balchem Corporation
- Havay Chemicals
- Jubilant Life Sciences Ltd.
- Kemin Industries Inc.
- Nb Group Co. Ltd.
- Pestell Mineral & Ingredients
- Taminco Corporation
For more information visit http://www.researchandmarkets.com/research/dr6sl8/choline_chloride
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SOURCE Research and Markets