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Quaternary Ammonium Compounds Market Size

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

Quaternary Ammonium Compounds Market Size

Quaternary Ammonium Compounds Market was valued at USD 1.08 billion in 2022 and is anticipated to grow a CAGR of over 4.3% between 2023 and 2032. Driven by their widespread use as disinfectants and sanitizers, especially in response to the COVID-19 pandemic. These chemicals are commonly found in household cleaning products, healthcare facilities, and industrial settings due to their effectiveness in killing a broad spectrum of microorganisms.

 

With the growing emphasis on hygiene and sanitation, the market is expected to continue expanding, not only in traditional sectors but also in emerging applications, such as water treatment and personal care products. Regulatory scrutiny and environmental concerns regarding the disposal of quats waste could pose challenges, pushing the industry toward the development of more sustainable alternatives in the future.

 

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.

Quaternary Ammonium Compounds Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 15
  • Tables & Figures: 260
  • Countries covered: 21
  • Pages: 120
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