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Asia Pacific Choline Chloride Market Size By Form (Powder, Liquid), By Grade (50%, 75%, 70%, 60%, 98%), By Application (Animal Feed {Poultry {Broilers, layers}, Swine, Cattle, Pet Food, Aquaculture}, Oil & Gas, Human Nutrition, Personal Care, Pharmaceuticals), Industry Analysis Report, Regional Analysis, Application Potential, Price Trend, Competitive Market Share & Forecast, 2020 - 2026
Published Date: December 2020 | Publisher: Graphical Research Report ID: GR1582 | Delivery : PDF  Request Free Sample

Asia Pacific Choline Chloride Market value was valued at above USD 160 million in 2019 and industry is expected to witness substantial gains at over 6% by 2026.

Chlorine chloride is an organic compound having formula (CH3) {3NCH2CH2OH} CL. It is containing chloride anion & choline cation. The product is white colorless hygroscopic based substance dissolve in liquid, which is odorless. It is manufactured by the process of trimethylamine hydrochloride along with the presence of ethylene oxide. it is extensively used in animal feed to increase productivity, It is mainly used as a nutritional component in various sector, owing to this the market is likely to drive the demand.

Based on the grade the market has been segmented into 50%, 75%, 70%, 60%, and 98%. Grade 98% has been accounted for the largest market share and is anticipated to grow at a CAGR of 6.5% during the forecast period. Due to the purity, it has wider applications in pharmaceuticals and the animal feed industry. It is used as an additive in feed in the poultry sector to prevent perosis and liver enlargement in chickens.

The choline chloride market is bifurcated, based on form into liquid and powder.  Liquid choline chloride is a drab, odorless, clean substance that is non-toxic, non-corrosive and is water soluble the liquid form anticipated to grow with a CAGR of 6% by 2026. Owing to this, it has widespread applications in the poultry feed industry and animal nutrition, it enhances the growth and performance, controls fat, and improves animal reproduction.

In the oil & gas industry, it acts as a clay stabilizer and enhances the production rate and it is cost-effective.  The rising oil &gas industry in China, India, and Japan will foster the market demand in this region. Asia pacific market from oil & gas sector anticipated growing at a CAGR of 7% gains by 2026.

Choline chloride assists to reduce various health-related problems such as liver issues, chronic hepatitis, and cirrhosis. Additionally, it is used for memory loss, Alzheimer's disease, and Tourette's disease which control mental conditions. Owing to its several health benefits the Asia Pacific market for pharmaceuticals is expected to grow with a significant CAGR during the forecast period. Also, rapid change in the medical sector and technology advancement may foster the demand in the future.

The major players include in the Asia Pacific region are BASF SE, Eastman Chemicals, Balaji Amines, Jubilant Life Sciences Limited, Pestell Minerals & Ingredients, Sigma Aldrich, GWH International, Fano Group Limited, SDA Products, Algry Quimica SL. Manufacturing companies are focusing on product innovation and development.

Frequently Asked Question(FAQ) :

The market size of Asia Pacific Choline Chloride was valued USD 160 million in 2019.
The industry share of Asia Pacific Choline Chloride is projected to witness more than 6% growth rate during 2020 to 2026.
Asia pacific choline chloride market from oil & gas sector anticipated growing at a CAGR of 7% gains by 2026. In the oil & gas industry, it acts as a clay stabilizer and enhances the production rate and it is cost-effective.

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