The global chlortetracycline market size is expected to reach US$ 296 million by 2027, and register a CAGR of 13.1% over the forecast period (2019 - 2027).
Chlortetracycline Market Size Share Trends Forecast 2027 The global chlortetracycline market size is expected to reach US$ 296 million by 2027, and register a CAGR of 13.1% over the forecast period (2019 - 2027). Market Overview Chlortetracycline belongs to the tetracycline class. It is isolated from S.aureofaciens and used as an antiprotozoal and antibacterial drug. Appearance wise, chlortetracycline has the texture of a fine yellowish powder, which is produced through the process of fermentation. Chlortetracycline is sold commercially under the trade name 'Aureomycin', and has major application as an antibiotic for treating cattle, livestock, and poultry. It is used for treating and curbing health issues in animals, such as infections in sheep, cattle, pigs, as well as infections in the respiratory tracts of chickens, pigs, and calves. Request For Sample Copy of this Research Report : https://www.coherentmarketinsights.com/insight/request-sample/2838 Market Outlook In terms of market share, the Asia Pacific region is expected to account for the largest share, and projected to grow steadily over the forecast period. Growing presence of key players in the region, combined with a rise in demand for antibiotics in the poultry industry of emerging economies such as India and China will contribute to the growing demand for animal feed in the region. The number of pet owners, and livestock in major economies in the region is expected to expand over the forecast period, which in turn will benefit the overall growth of the chlortetracycline market. Other regions such as Latin America, Africa, and Middle East are also expected to show potential as a result of rising industrialisation and economic progress by GCC countries. At the same time Europe and North America are also slowly emerging from the economic slump and are expected to account for a significant revenue generated for the chlortetracycline market in the region. Factors such as rising disposable income, increasing demand for animal feed, and growing awareness regarding animal health, is projected to positively impact the global chlortetracycline market. The competitive landscape in key regions such as Asia Pacific is another promising factor, as key player in the region are engaged in expanding their footprints in untapped regional markets, thereby strengthening their position in the global market. All of these factors are expected to facilitate growth of the global chlortetracycline market in the near future. Key Players Some of the prominent players in the global chlortetracycline market include Hebei New Century Pharmaceutical Co., Ltd., Zoetis Inc., Weifang Union Biochemistry Co., Ltd., Qingdao Dacon Trading Co., Ltd., and Jiaxing Suns Intl Trade Co., Ltd. among others. For More Information: http://bit.ly/31Cb3TK About Coherent Market Insights: Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity. Contact Us: Mr. Shah Coherent Market Insights 1001 4th Ave, #3200 Seattle, WA 98154 Tel: +1-206-701-6702 Email: [email protected]
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