PUBLISHER: The Business Research Company | PRODUCT CODE: 1608821
PUBLISHER: The Business Research Company | PRODUCT CODE: 1608821
Quaternary ammonium compounds (QACs) are a class of chemical compounds featuring a central nitrogen atom bonded to four organic groups (either alkyl or aryl) and a negatively charged counterion, commonly chloride. They primarily function by damaging the cell membranes of microorganisms, leading to cell breakdown and death. Their antimicrobial properties are effective against a wide array of pathogens, including bacteria, viruses, and fungi.
The main types of quaternary ammonium compounds are categorized as industrial grade and pharmaceutical grade. Industrial-grade QACs serve as antimicrobial agents in heavy-duty applications, including disinfectants, water treatment, and industrial cleaners, and are known for their robust performance in reducing microbial contamination across various environments. Key products include benzalkonium chloride (BAC), cetyl trimethyl ammonium chloride (CTAC), dodecylbenzenesulfonic acid (DDBSA), among others, which are distributed through direct sales as well as distributors and retailers. These compounds are applied in various sectors such as disinfectants, fabric softeners, wood preservatives, surfactants, and antistatic agents, catering to end users across healthcare, food and beverage, household and residential, chemical and petrochemical, agriculture, water and wastewater treatment, and more.
The quaternary ammonium compounds market research report is one of a series of new reports from The Business Research Company that provides quaternary ammonium compounds market statistics, including quaternary ammonium compounds industry global market size, regional shares, competitors with a quaternary ammonium compounds market share, detailed quaternary ammonium compounds market segments, market trends and opportunities, and any further data you may need to thrive in the quaternary ammonium compounds industry. This quaternary ammonium compounds market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The quaternary ammonium compounds market size has grown steadily in recent years. It will grow from $1.02 billion in 2023 to $1.07 billion in 2024 at a compound annual growth rate (CAGR) of 4.9%. The growth during the historic period can be attributed to several factors, including the increasing demand for disinfectants, a rise in healthcare-associated infections, heightened awareness of hygiene and sanitation, diverse applications across various industries, and the growth of online distribution channels.
The quaternary ammonium compounds market size is expected to see strong growth in the next few years. It will grow to $1.31 billion in 2028 at a compound annual growth rate (CAGR) of 5.0%. The growth during the forecast period is expected to be driven by several factors, including increasing regulations that promote cleanliness and hygiene standards, heightened consumer awareness regarding health and hygiene, trends towards sustainable products, industrial growth, urbanization, and overall consumer education. Key trends anticipated in this period include innovations in manufacturing processes, improved access to healthcare, the launch of new products and services, technological advancements, and a rise in research and development efforts.
The rise in industrialization is expected to significantly drive the growth of the quaternary ammonium compounds (quats) market in the coming years. Industrial growth is being propelled by technological advancements, increasing consumer demand, and globalization, all of which contribute to economic expansion and create new opportunities for businesses. Quaternary ammonium compounds are essential in various industries for their effective disinfectant properties, ability to control microbial growth, and versatility in cleaning and sanitizing a range of surfaces and equipment. For example, a report from the Office for National Statistics in May 2024 highlighted a 0.2% increase in monthly production output in March 2024, following a 1.0% rise in February. Manufacturing output grew by 0.3% in March, with five out of thirteen subsectors experiencing growth, indicating a diverse performance across the sector. Thus, the rise in industrialization is fostering demand for quaternary ammonium compounds.
Key players in the quaternary ammonium compounds market are focused on developing technologically advanced products, such as disinfectants, that effectively eliminate harmful microorganisms. Disinfectants are crucial for destroying or inactivating harmful microorganisms on surfaces and objects, preventing the spread of infections and ensuring cleanliness. For instance, in February 2022, SC Johnson Professional, a US-based provider of professional cleaning and hygiene products, launched a Quaternary Disinfectant Cleaner in an innovative squeeze-and-pour bottle. This versatile, labor-saving solution cleans, disinfects, and deodorizes in one step, simplifying the dilution process for various applications, including buckets, automatic scrubbers, and spray bottles. The cleaner is effective against a broad range of bacteria and fungi and helps inhibit mold and mildew growth, addressing associated odors when used as directed.
In June 2023, Global Amines Company Pte. Ltd., a Singapore-based chemical company, acquired Clariant's global Quats and Esterquats business for $113 million. This acquisition enhances Global Amines' product offerings by integrating a well-established range of quaternary ammonium compounds and esterquats, reinforcing its market position. Clariant AG, based in Switzerland, is a renowned manufacturer of quaternary ammonium compounds.
Major companies operating in the quaternary ammonium compounds market are BASF SE, Thermo Fisher Scientific Inc., Novo Nordisk Pharmatech A/S, Evonik Industries AG, DuPont de Nemours Inc., KAO Corporation, S. C. Johnson & Son Inc., Arkema SA, Lanxess AG, Huntsman International LLC, Lonza Group AG, Nouryon, H.B. Fuller Company, Stepan Company, Croda International PLC, Ashland Inc., PDI Inc., SACHEM Inc., Global Amines Company Pte. Ltd., LobaChemie Pvt. Ltd., Intech Organics Ltd., Innova Corporate
North America was the largest region in the quaternary ammonium compounds market in 2023. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the quaternary ammonium compounds market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the quaternary ammonium compounds market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The quaternary ammonium compounds market consists of sales of sanitizing wipes, hand sanitizers, all-purpose cleaners, floor cleaners, laundry detergents, shampoos, and conditioners. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Quaternary Ammonium Compounds Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on quaternary ammonium compounds market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for quaternary ammonium compounds ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The quaternary ammonium compounds market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.