Press Release Description
QUATs (Quaternary Ammonium Compounds) Market to Flourish Due to the Growing Health Concerns
The Global QUATs (Quaternary Ammonium Compounds) Market is projected to grow at a CAGR of around 6% in the forecast period of 2023-28, says MarkNtel Advisors in their recent research report. These bioactive agents are primarily used in the production of disinfectants, sprays, and other household cleaners, with a high demand for sanitizing and disinfecting hard & non-porous surfaces in hospitals, schools, offices, and homes. In 2020, due to the prevalence of COVID-19, the concern of individuals regarding sanitation & hygiene grew significantly, which, in turn, escalated the demand for the production of disinfectants, antimicrobials, sanitizers, hand soaps, etc., to be used in households, workplaces, hospitals, and industries.
Additionally, the they help in preventing the accumulation of fungi & insects, which enhanced its adoption for the prevention of wooden material, along with leather & textile materials. QUATs act as a moth repellent & prevent mold & mildew from damaging leather fibers, which heightened its demand from the leather & textile industries. Consequently, due to its wide range of applications in different industries, its demand is expected to boom in the forecasted years as well.
However, a rising concern & awareness regarding the health risks like fertility issues, birth defects, allergies, irritation, etc., linked with the adhesive properties of QUATs-containing compounds would restrain the adoption of these products. Due to their adhesive property, these compounds adhere to the surfaces long after cleaning with them, and thus the person gets exposed to them every time they touch the disinfected surfaces. Therefore, the chances of acute toxicity through the usage of these compounds would act as an obstacle in the growth of the quaternary ammonium compounds market in forecasted years.
Besides, the rising research & development to reduce the adhesive properties of these compounds through formulations & increase the biodegradability of these compounds are further estimated to enhance its adoption by end-users, further states the research report, "Global QUATs (Quaternary Ammonium Compounds) Market Analysis, 2023."
Rapid Adoption of Disinfectants to Cater to the Expansion of the QUATs Market
Based on the application, the market is bifurcated into Disinfectant, Antibacterial Material, Surfactant & Emulsifier, Preservative, and Others. Among all, disinfectants are proposed to acquire the major market share due to their rising adoption in hospitals, clinics, and other public set-ups that are supposed to undergo regular cleaning. Following COVID-19, the demand for disinfectants increased significantly, as the fear of the spread of the virus led to the regular use of disinfection & sanitization.
Furthermore, QUATs are used to produce surfactants such as detergents & dishwasher bars, which are common household products. Besides, the growing number of research institutes & laboratories, as well as extensive research projects being conducted around the world, have increased the demand for disinfecting & sterilizing agents in these settings.
Extensive Adoption of Personal Care Products to Favor the Asia-Pacific QUATs Market
Geographically, Asia-Pacific is expected to dominate the market during the historical period, 2018-2023, owing to rising disposable income in India & China, which boosted the consumption of QUAT-containing personal care products. QUATs are widely used in personal care products such as skincare & hair conditioners due to their high absorption property, which provides smoothness & conditioning, fueling their demand from the cosmetics industry.
Moreover, in APAC, several companies are working on the research & development of QUATs products to make them cost-competitive & high-value products. In APAC, they are also actively used as Active Pharmaceutical Ingredients (APIs), which are required to formulate medicines. Therefore, the requirement for QUATs is estimated to intensify in the pharmaceutical industries in the Asia-Pacific, further positively impacting the market growth in the forthcoming years.
According to MarkNtel Advisors, the leading players in the Global QUATs (Quaternary Ammonium Compounds) Market are Kao Chemicals, NOVO Nordisk Pharmatech, Chem Point, Sachem, Merck, Steris, Ecolab, Essential Laboratories, Neo San Labs, Simoniz USA Inc., and Theochem Laboratories Inc.
Key Questions Answered in the Study
- What are the current & future trends in the Global QUATs (Quaternary Ammonium Compounds) Market?
- How has the industry been evolving in terms of geography & product adoption?
- How has the competition been shaping across various countries, followed by their comparative landscape?
- What are the key growth drivers & challenges for the Global QUATs (Quaternary Ammonium Compounds) Market?
- What are the customer orientation, purchase behavior, and expectations from product manufacturers across various regions?
- By Application: (Disinfectant, Antibacterial Material, Surfactant & Emulsifier, Preservative, and Others (Active Ingredient in Mouth Wash, Fabric Softener, etc.))
- By End Users: (Industrial, Pharmaceuticals)
- By Region: (North America, South America, Europe, The Middle East & Africa, Asia-Pacific)
Place an order
100% Safe & Secure
Strongest encryption on the website to make your purchase safe and secure