CHOLINE CHLORIDE MARKET

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1 CHOLINE CHLORIDE MARKET BY END USER (Poultry Feed, Swine Feed, Ruminant Feed, Aqua Feed, Other Feed, Human Nutrition, and Oil & Gas) & BY GEOGRAPHY Regional Trend & Forecast to

2 MarketsandMarkets is a market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world. MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. MarketsandMarkets covers thirteen industry verticals, including advanced materials, automotives and transportation, banking and financial services, biotechnology, chemicals, consumer goods, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, and telecommunications and IT. Copyright 2014 MarketsandMarkets All Rights Reserved. This document contains highly confidential information and is the sole property of MarketsandMarkets. No part of it may be circulated, copied, quoted, or otherwise reproduced without the approval of MarketsandMarkets. 2

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4 5.1 Choline Chloride Market, By End-User Choline Chloride Market is segmented into three major end-user markets namely animal feed, human nutrition, and oil & gas industry and miscellaneous applications market Animal feed market accounts for majority of the share of choline chloride market followed by oil & gas industry and miscellaneous application market and then human nutrition market The usage of choline chloride as a clay stabilizer within oil & gas industry is anticipated to grow at a higher rate owing to boom in shale gas industry in North America Asia-Pacific is estimated to be the largest market for choline chloride and accounted for over XX% of the overall market in 2013 Emerging economies such as China, India, Brazil, and so on represent high unexplored potential for market participant and are expected to be among the fastest growing markets in the near future 4

5 5.1.1 Choline Chloride Market Trends, By End-User Table 5 Choline Chloride Market Size, By End-User Market, ($Million) Application CAGR% ( ) Animal feed XX XX XX XX XX XX Poultry feed XX XX XX XX XX XX Swine feed XX XX XX XX XX XX Ruminant feed XX XX XX XX XX XX Aqua feed XX XX XX XX XX XX Other feed XX XX XX XX XX XX Human nutrition XX XX XX XX XX XX Oil and gas & misc. XX XX XX XX XX XX Total XX XX XX XX XX XX Source: Secondary Research, and MarketsandMarkets Analysis 5

6 5.2 Poultry Feed Market Poultry feed is the largest end-user market for choline chloride accounting for around XX% of the overall market for choline chloride. It is a common dietary supplement for poultry such as layers, broilers. It performs crucial functions in synthesizes of amino acid and phospholipid lecithin, a component of egg yolk. It prevents perosis that is bone deformation and fatty liver syndrome in birds. Choline helps in expediting growth of the chickens and improves laying rate and hatchability The choline requirement for chicken depends on the number of factors such as age, feed intake, and dietary crude protein or methionine levels. In the case of the growing chick, dietary supplement of choline chloride is very necessary as choline cannot be synthesized until about XX weeks of age Choline deficiency in chickens may results in hypogenesis, coarseness of leather, chondrifies, feebleness, etc. Source: Secondary Research, and MarketsandMarkets Analysis 6

7 5.2.1 Choline Chloride Market Size in Poultry Feed, By Region Table 12 Choline Chloride Market Size in Poultry Feed, By Region, (Kilotons) Region CAGR% ( ) North America XX XX XX XX XX XX Europe XX XX XX XX XX XX Asia-Pacific XX XX XX XX XX XX Latin America XX XX XX XX XX XX Middle East & Africa XX XX XX XX XX XX Total XX XX XX XX XX XX In terms of volume, Asia-Pacific was the leading region for choline chloride within poultry feed market in 2013 with a share of XX% of overall choline chloride poultry feed market. The region is expected to experience exuberant growth in the poultry feed market with growing demand for poultry meat, eggs, especially in the countries like China, India, and Thailand, etc. European choline chloride market for poultry feed is projected to grow at a moderate rate compared to other animal feed segments. It is expected to reach XX Kilotons by 2019, growing at a CAGR of XX% from 2014 to 2019 Source: Secondary Research, and MarketsandMarkets Analysis 7

8 5.7 Oil & Gas Industry and Miscellaneous Application Market Most of the oil & gas reservoirs contains clay. The clay may be iron, sodium or aluminum based These clay swell in presence of water and causes a hindrance to the permeability of the produced fluid Need of clay stabilizer When treatment fluid or water that is not in ionic balance, comes in contact with clay, the clay absorbs it and swells. Thus, clogging the pores and disturbing the fluid movement. The swollen clay particles may also flow with the produced fluid and settle in other pores hindering the movement to a greater extend. How do clay stabilizers work The clay stabilizer functions through ion exchange and prevents the clay from swelling. The clay stabilizer provides an ion to the cation present in the clay. It can either be a temporary clay stabilizer or a permanent clay stabilizer. Temporary clay stabilizer protects from swelling while permanent clay stabilizer swelling and migration. Potassium chloride (KCl) is the most commonly used clay stabilizer and potassium ions are the effective ions which prevents the clay from swelling. However, KCL has environmental effect The use of choline chloride as a clay stabilizer is a very new one and is mostly present in the North American region Choline chloride manufacturers who are also selling to the oil and gas applications are Balchem Corporation, Taminco Corporation, and Be Long Corporation In 2011, Balchem Corporation recorded a revenue of $XX million (XX% of total revenue) from clay stabilizers used in drilling shale formations for natural gas 8

9 5.7.2 Choline Chloride Market Size in Oil & Gas and Miscellaneous Table 36 Choline Chloride Market Size in Oil & Gas and Miscellaneous, North America, By Volume (KT) & Value ($Million) Region CAGR% ( ) Value ($ Million) XX XX XX XX XX XX Volume (KT) XX XX XX XX XX XX North America is the significant region for the consumption of choline chloride as a clay stabilizer. Growing shale gas drilling in the region is expected to drive demand for choline chloride within oil and gas industry in the region. There is no significant usage of choline chloride for the oil & gas application in other regions. Hence other region are not considered. Source: Secondary Research, and MarketsandMarkets Analysis 9

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