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Quaternary Ammonium Compounds Market Trends

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

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Quaternary Ammonium Compounds Market Trends

The market is experiencing sustained growth, driven by the increased emphasis on disinfection and sanitation in response to the COVID-19 pandemic, with these compounds being widely adopted in cleaning and sanitizing products across various sectors. There is a growing focus on developing eco-friendly and sustainable quats, as environmental concerns and regulatory scrutiny regarding the disposal and impact of these compounds gain prominence. The industry is witnessing a shift towards innovative formulations and packaging, as well as increased competition among manufacturers, all in response to heightened consumer and industrial demand for effective, safe, and sustainable disinfection solutions.

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.