Quaternary Ammonium Compounds Market Is Expected To Reach USD 1.52 Billion By 2030


 San Francisco, 2 January 2025: The Report Quaternary Ammonium Compounds Market Size, Share & Trends Analysis Report By Product (ATAC, BAC), By Application, By Distribution Channel, By Region, And Segment Forecasts, 2023 - 2030

The global quaternary ammonium compounds market size is expected to reach USD 1.52 billion by 2030, expanding at 4.3% CAGR from 2023 to 2030, according to a new study by Grand View Research, Inc. The growth is majorly driven by the growing awareness regarding healthcare-associated infections (HAIs) amongst consumers. Healthcare-associated infections pose a significant challenge for healthcare providers across the globe. Quaternary ammonium compounds (QACs) are extensively used in hospitals and healthcare settings as disinfectants and surface sanitizers to prevent the spread of pathogens and reduce the risk of HAIs. The increasing emphasis on infection control measures and the need to maintain a sterile environment in healthcare facilities drive the demand for QAC-based disinfectants.

QACs are extensively used as active ingredients in disinfectants and sanitizers for healthcare facilities, food processing plants, laboratories, and household cleaning. They effectively kill a broad spectrum of microorganisms, including bacteria, viruses, and fungi, making them valuable for maintaining hygiene and preventing the spread of infections. The product is also used in fabric softeners to provide antistatic properties, reduce wrinkles, and improve the softness of fabrics. They help prevent static cling, make clothes easier to iron, and give a pleasant scent.

Europe is expected to dominate the market over the forecast period accounting for a revenue share of over 31% in 2022. European countries have implemented regulations and standards for the use of disinfectants and antimicrobial agents, ensuring their efficacy and safety. QACs that meet the regulatory requirements and have obtained necessary approvals for specific applications can gain wider acceptance in the market.

Access Research Report of Quaternary Ammonium Compounds Market @ https://www.grandviewresearch.com/industry-analysis/quaternary-ammonium-compounds-market-report

Quaternary Ammonium Compounds Market Report Highlights

  • In 2022, DDAC emerged as the dominant product segment contributing over 54% of the revenue share owing to their relatively low toxicity compared to some other disinfectants and sanitizers
  • Fabric softeners application segment is predicted to grow at the highest CAGR of 4.9% as these compounds are compatible with various ingredients commonly found in fabric softeners such as surfactants, emulsifiers, and fragrances
  • Offline distribution channel is expected to hold the largest revenue share of over 63% in 2022. The growth of these channels is driven by knowledgeable sales representatives who provide technical guidance and support to customers
  • North America is projected to grow at a significant CAGR of 4.4% over the forecast period owing to stringent hygiene and safety standards for food and beverage industry in the region

Quaternary Ammonium Compounds Market Report Scope

Report Attribute

Details

Market size value in 2023

USD 1.12 billion

Revenue forecast in 2030

USD 1.52 billion

Growth rate

CAGR of 4.3% from 2023 to 2030

Base year for estimation

2022

Historical data

2018 - 2021

Forecast period

2023 - 2030

List of Key Players in the Quaternary Ammonium Compounds Market

  • Arkema
  • BASF SE
  • DuPont
  • Evonik AG
  • Ashland
  • Novo Nordisk Pharmatech
  • Global Amines Company Pte. Ltd.

Access Press Release of Quaternary Ammonium Compounds Market @ https://www.grandviewresearch.com/press-release/global-quaternary-ammonium-compounds-market

About Grand View Research

Grand View Research is an India & U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services.

For More Information: https://www.grandviewresearch.com/horizon

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