Quaternary Ammonium Compounds (QUATs) Market Set for Rapid Growth at 6% CAGR: MarkNtel Advisors

Quaternary Ammonium Compounds (QUATs) Market Set for Rapid Growth at 6% CAGR: MarkNtel Advisors

Quaternary Ammonium Compounds (QUATs) Market Set for Rapid Growth at 6% CAGR: MarkNtel Advisors

Market Overview:

MarkNtel Advisors has released a new report that highlights the strong growth trajectory of the Quaternary Ammonium Compounds (QUATs) Market, The Global Quaternary Ammonium Compounds (QUATs) Market is projected to grow at a CAGR of around 6% during the forecast period, i.e., 2023-28. Various factors are attributed to the growth of the market like growth in automobile production, growing focus on lightweight & sustainable materials, rising demand for luxury & customized interiors, increasing focus on safety standards, and the adoption of Advanced Driver Assistance Systems (ADAS). The report provides valuable insights into the drivers, trends, and challenges shaping the future of the Quaternary Ammonium Compounds (QUATs) Market. It offers an in-depth look at the key players, geographical performance, and the segments leading the charge in market share.

Industry Outlook & Forecasts:

  • Forecast Period: 2023-2028
  • CAGR (2023-2028): 6%

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Global Quaternary Ammonium Compounds (QUATs) Market Segmentation Breakdown:

The Quaternary Ammonium Compounds (QUATs) Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic.  The further bifurcations are as follows:

  • By Application
    • Disinfectant
    • Antibacterial Material
    • Surfactant & Emulsifier
    • Preservative
    • Others (Active Ingredient in Mouth Wash, Fabric Softener, etc.)

Of them all, the disinfectants are anticipated to hold a significant market share, owing to the enhanced usage of QUATS as an agent of cleaning & disinfectant.

  • By End-User
    • Industrial
    • Pharmaceuticals

Among the two, the Industrial end-user dominated the market during 2017-2022. The Agrochemical industry's demand for Quaternary Ammonium Compounds (QUATs) is primarily for the production of pesticides & herbicides that can kill harmful viruses & microorganisms that can impede the growth of healthy crops.

Geographical Growth Insights:

By Region

  • North America
  • Latin America
  • Europe
  • The Middle East & Africa
  • South East Asia

Of all the regions across the globe, Asia-Pacific is estimated to hold the major share in the Global Quaternary Ammonium Compounds (QUATs) Market during 2018-2023.

MarkNtel Advisors Highlights Key Market Drivers for Quaternary Ammonium Compounds (QUATs) Market:

Growing Concern of Individuals Towards Sanitation & Hygiene - In recent years the awareness among individuals towards sanitation and hygiene has increased considerably and the COVID-19 pandemic played a triggering role in making people more concerned about hygiene and sanitation. As per World Health Organization, in low and middle-income countries, nearly 8,29,000 individuals die each year due to poor hygiene practices. Further, worldwide, governments are also giving due attention to making these hygiene practices a part of daily life.

 

Quaternary Ammonium Compounds are chemical compounds used mainly as a component for the production of disinfectants, sanitizers, preservatives, etc., and with the increased demand for sanitizers and disinfectants across the globe, the need for QUATs is also rising. For instance, Bell International labs, a cosmetics & personal care company produced close to 4 million units of hand sanitizers the year before the pandemic, and in April 2020, the company produced close to 22 million units of hand sanitizers. This led to a rise in the demand as it is the main component for the production of sanitizers & disinfectants.

A Comprehensive Analysis of Leading Companies in Global Quaternary Ammonium Compounds (QUATs) Market

  • Kao Chemicals
  • Novo Nordisk Pharmatech
  • Chem Point
  • Sachem
  • Merck
  • Steris
  • EcoLab
  • Essential Industries
  • Neo San Labs
  • Simoniz USA Inc.
  • Theochem Laboratories Inc.
  • Delta Finochem
  • Dishman Carbogen Amcis
  • Thor Group Ltd
  • Canberra Corp

Explore More About This Research Report @ https://www.marknteladvisors.com/research-library/quaternary-ammonium-compounds-market.html

Global Quaternary Ammonium Compounds (QUATs) Market Recent Developments

  • 2021: Novo Nordisk Pharmatech A/S partnered with IMCoPharma a.s. to distribute its pharmaceutical-grade quaternary ammonium compounds to the healthcare industry across the Russian market & other CIS countries.
  • 2019: Novo Nordisk Pharmatech partnered with DKSH to provide high-quality QUATs in 11 Asia-Pacific regions, i.e., New Zealand, Australia, Japan, South Korea, Indonesia, Thailand, Philippines, Malaysia, China, Singapore, and Taiwan

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About Us –

MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

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