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Quaternary Ammonium Compounds Market Share

Report ID: GMI7118
Published Date: Oct 2023
Report Format: PDF

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Quaternary Ammonium Compounds Market Share

Major players operating in the quaternary ammonium compounds industry include:

Lonza Group Ltd.
BASF SE
Stepan Company
Evonik Industries AG
Kao Corporation
Huntsman Corporation

These players focus on strategic partnerships, new product launch & commercialization for market expansion. Furthermore, these players are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of quaternary ammonium compounds was worth USD 1.08 million in 2022 and is anticipated to grow a CAGR of over 4.3% between 2023 and 2032, primarily driven by their widespread use as disinfectants and sanitizers, especially in response to the COVID-19 pandemic.

Benzalkonium Chloride (BAC) segment held around 39.7% market share in 2022 and will continue to grow owing to its widespread use in disinfectants, sanitizers, and a variety of cleaning products.

North America dominated the quaternary ammonium compounds market with a revenue share of around 30.6% in 2022, favored by a strong presence of manufacturing facilities, robust healthcare infrastructure, and a growing emphasis on hygiene and sanitation.

Lonza Group Ltd., BASF SE, Stepan Company, Evonik Industries AG, Kao Corporation, and Huntsman Corporation.