New York (US), Sept. 15, 2023 (GLOBE NEWSWIRE) -- Quaternary Ammonium Compounds Market Overview
As per an Extensive Research Report by Market Research Future (MRFR), “Quaternary Ammonium Compounds Market Information By Product, Distribution Channel, Application, and Region - Forecast till 2032” the quaternary ammonium compounds market will jump from USD 1.25 Billion in 2023 to USD 1.81 Billion by 2032, at a rate of 4.70% between 2023 and 2032.
Market Scope
Quats or QACs are other names for quaternary ammonium compounds. As Quaternary Ammonium chemicals aggressively destroy both gram-positive and gram-negative bacteria, they belong to the family of antimicrobial chemicals that are known for their strength in disinfecting motion and cationic actives. They are insoluble particles that diffuse in liquid solutions.
Quaternary ammonium compounds are colorless, cationic disinfectants, and non-irritating deodorants. They can be added to cleaning solutions or used alone as disinfectants, and they can treat or absorb fibers and materials. They are also used, among other things, in anti-cling dryer sheets, toilet cleaners, hand soaps, body washes, and shampoos.
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Market Competitive Landscape:
The important manufacturers of quaternary ammonium compounds are
- Arkema
- BASF SE
- DuPont
- Evonik AG
- Ashland
- Novo Nordisk Pharmatech
- Amines Company Pte. Ltd.
- Among others.
Report Scope:
| Report Attribute | Details |
| Market Size 2032 | USD 1.81 Billion |
| Compound Annual Growth Rate (CAGR) | 4.70% (2023-2032) |
| Base Year | 2022 |
| Market Forecast Period | 2023-2032 |
| Historical Data | 2018- 2022 |
| Forecast Units | Value (USD billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Product, Distribution Channel, Application, and Region |
| Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Key Market Drivers | Pandemic Preparedness. |
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Market USP Covered:
Market Drivers:
Quaternary ammonium compounds are used in personal care products, in the production of fabric, skin, and hair softeners, and in the food industry as disinfectants. They are also used in body washes, anti-cling dryer sheets, hand soaps, toilet cleaners, shampoos, shaving creams, and other products. Quaternary ammonium compounds have a wide range of uses, which is driving up demand for them on a global scale.
Additionally, a lot of people are attracted by the market's availability of every kind of disinfection. Customers like to compare product options, costs, and brands online before making a purchase since it saves them time and makes their decisions more obvious. The Global Quaternary Ammonium Compounds Market's growth has been positively expected as a result of the comfort and convenience of product availability.
There will be abundant chances in the developing nations of the Asia Pacific. The expansion is linked to fabric softeners' rising use as vital laundry care items among consumers in the area who want to increase the softness and comfort of their clothing. A larger consumer base with greater purchasing power has been produced by the developing middle class and growing urbanization in nations like China, India, and Southeast Asian countries. Due to consumers' preference for laundry care and fabric aesthetics, fabric softener consumption has increased.
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Market Restraints:
There are a couple of restrictions that will limit the market's growth potential. The market is constrained by considerations including the numerous health risks linked to quaternary ammonium compounds, including irritation, allergies, infertility, and birth deformities. The global market's overall expansion is further hampered by factors like shifting raw material prices. Nevertheless, the ongoing advancement of technology and the unrealized potential of emerging markets present intriguing growth prospects.
COVID 19 Analysis
The market for quaternary ammonium compounds benefited from COVID-19 as consumer demand for antiseptics and disinfectants rose. Due to the threat posed by the virus, usage of these substances has increased and will remain elevated during the projection period in residential, commercial, and industrial settings. Even after the epidemic, the market experienced growth, and it is anticipated that this expansion will continue.
Market Segmentation
By Product
ATAC, BAC, DDAC, and other goods are included in the market segmentation for quaternary ammonium compounds based on product. In 2022, the DDAC market category was the dominant one. 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. This supports the use of DDAC-based sanitizers and disinfectants by the food and beverage industry.
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By Distribution Channel
Online and offline distribution channels are included in the market segmentation for quaternary ammonium compounds. In 2022, the offline sector produced the highest level of revenue. In 2022, the offline sector produced the highest level of revenue. Offline interactions frequently involve face-to-face interaction, which fosters confidence among distributors, suppliers, and clients. In industries like healthcare and industry, where dependable and high-quality products are essential, these interpersonal relationships can be a significant commercial driver.
By Application
Application-based market segmentation for quaternary ammonium compounds includes disinfectants, fabric softeners, wood preservatives, surfactants, anti-static agents, and other things. In 2022, the offline sector was the one with the highest revenue.
Regional Insights
In 2022, the worldwide market was headed by North America (45.80%). The expansion is credited to stringent laws and high standards for sanitation and hygiene in the region's numerous sectors. Products that encourage safety, cleanliness, and wellness are becoming more and more popular with consumers. The rising usage of disinfectant products for personal care, surface sanitization, and household cleaning is indicative of this trend.
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