Market Research Future (MRFR) has published a cooked research report on the “Global Quaternary ammonium compounds Market” that contains information from 2018 to 2032. The quaternary ammonium compounds market is estimated to register a CAGR of 4.70% during the forecast period of 2023 to 2032.
MRFR recognizes the following companies as the key players in the global quaternary ammonium compounds market— Arkema, BASF SE, DuPont, Evonik AG, Ashland, Novo Nordisk Pharmatech, Global Amines Company Pte. Ltd. and others
Quaternary Ammonium Compounds Market Highlights
The global quaternary ammonium compounds market is accounted to register a CAGR of 4.70% during the forecast period and is estimated to reach USD 1.81 Billion by 2032.
The quaternary ammonium compounds market is growing due to their compounds is rising. Their effectiveness against various pathogens is a key factor contributing wide applications as disinfectants and sanitizers. With increased emphasis on hygiene and cleanliness, especially in healthcare and hospitality sectors, the demand for these to market growth.
Segment Analysis
The global quaternary ammonium compounds market has been segmented based product, distribution channel and application.
On the basis of product, the market is segmented into ATAC, BAC, DDAC and Other Products. The DDAC segment dominated the market in 2022. The safety of food is a top priority for both consumers and regulatory organizations worldwide. DDAC is capable of managing microbiological contamination in food processing facilities by adhering to stringent food safety regulations.
Based on distribution channel, the global quaternary ammonium compounds market has been segmented into online and offline. The offline category generated the most income in 2022. Offline interactions frequently involve face-to-face interaction, which fosters trust between distributors, suppliers, and customers.
Based on application, the global quaternary ammonium compounds market has been segmented into disinfectants, fabric softeners, wood preservatives, surfactants, anti-static agents and other applications. The surfactants segment dominated the market in 2022. QACs can be integrated into a range of surfactant formulations due to their high flexibility. Manufacturers in a range of industries, including as agriculture, personal care, home care, and industrial cleaning, find them appealing.
Regional Analysis
The global quaternary ammonium compounds market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe quaternary ammonium compounds market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The quaternary ammonium compounds market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World quaternary ammonium compounds market comprises of Middle East, Africa, and Latin America.
The North America quaternary ammonium compounds market dominated this market in 2022 (45.80%). The expanding healthcare industry in North America, which is defined by state-of-the-art medical facilities and a growing geriatric population, further increases the demand for QAC-based disinfectants. The demand for strict infection control protocols in healthcare settings like hospitals, clinics, and long-term care institutions increases the necessity for QACs. The COVID-19 pandemic has also raised consumer awareness of sanitation and hygiene, which stimulates demand for household cleaning goods with QACs and expands the market.
Moreover, Europe holds the second-largest market share for quaternary ammonium compounds. Europe's unwavering dedication to food safety and quality standards, which guarantees adherence to strict regulatory requirements, is what motivates the deployment of QAC in food processing facilities. The region's growing cosmetic and personal care industry further increases the need for QAC because these compounds are widely utilized in formulations for skin care, hair care, and other personal care products.
Additionally, the Asia-Pacific quaternary ammonium compounds market is expected to grow at the fastest CAGR from 2023 to 2032. The Asia Pacific region has a significant influence on the market for quaternary ammonium compounds (QACs) because of distinct geographical variables. The fast growth of the healthcare infrastructure, including hospitals and clinics, is causing a surge in demand for QAC-based disinfectants and sanitizers in order to maintain stringent infection control measures. A significant portion of the region's agriculture industry also depends on QAC-based adjuvants and surfactants to boost the effectiveness of agrochemicals and meet the region's growing food demand.
Furthermore, the rest of the world's quaternary ammonium compounds market is divided into the Middle East, Africa, and Latin America. Latin America's emphasis on hygiene and healthcare is fueling the quaternary ammonium compounds market. These compounds' effectiveness as disinfectants and sanitizers is vital in sectors like healthcare and hospitality, contributing to their growing adoption.
Key Findings of the Study
- The global quaternary ammonium compounds market is expected to reach USD 1.81 Billion by 2032, at a CAGR of 4.70% during the forecast period.
- The Asia-Pacific region accounted for the fastest-growing global market. The rapid expansion of healthcare infrastructure, including hospitals and clinics, is driving up demand for QAC-based disinfectants and sanitizers in order to maintain strict infection control measures.
- Based on distribution channel, the offline segment was attributed to holding the largest market in 2022.
- Arkema, BASF SE, DuPont, Evonik AG, Ashland, Novo Nordisk Pharmatech, Global Amines Company Pte. Ltd. and others.
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Companies Covered | 15 |
Pages | 128 |
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