Categories: Press Release

Quaternary Ammonium Salts Market Size Worth $2.02 Billion By 2030: IndustryARC

Quaternary Ammonium Salts Market size is estimated to reach $2.02 billion by 2030, growing at a CAGR of 5.2% during the forecast period 2023-2030. The Quaternary ammonium salts are utilised as sanitizers and disinfectants in the food sector. The demand for these chemicals in food processing and packaging applications is rising in response to increased concerns about food safety and foodborne illnesses, and an increase in global population. Increasing investments for the expansion of oil and gas production across the world owing to the rising energy demands also triggers the growth of the market, finds IndustryARC in its recent report, titled Quaternary Ammonium Salts Market – By Type (Benzalkonium Chloride (BKC), Dodecylbenzenesulfonic Acid (DDAC), Imidazolium QAS, Phosphonium QAS, Tetramethylammonium Chloride, Tetramethylammonium Bromide, Tetra Butyl Ammonium Acetate, Cetyltrimethylammonium Chloride (CTAC), Lauryltrimethylammonium Chloride (LTAC), Stearalkonium Chloride, Cetrimonium Chloride, and Others),  By Function (Flocculant, Drilling Fluids, Antistatic Agents, Disinfectants, Surfactants, and Others),  By End Use Industry (Water Treatment, Personal Care & Cosmetics Products, Industrial Products, Healthcare, Textile, Food & Beverage, Agriculture, Oil & Gas, and Others), By Geography – Global Opportunity Analysis & Industry Forecast, 2023-2030.

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Asia Pacific to Register Highest Growth:

The largest region in terms of area in 2022 was Asia Pacific, which is anticipated to expand at the greatest CAGR of 5.2% throughout the projection period. As people in the region look to improve the comfort and softness of their clothing, fabric softeners are becoming more and more common as vital laundry care goods. In nations like China, India, and Southeast Asian countries, the middle class is developing and urbanization is increasing, which has resulted in a larger consumer base with greater purchasing power. As a result, customers are using more fabric softeners because they place a higher value on aesthetics and laundry care.

Quaternary Ammonium Salts Market 2023-2030: Scope of the Report

Report Metric

Details

Base Year Considered

2022

Forecast Period

2023–2030

CAGR

5.2%

Market Size in 2030

$2.02 billion

Segments Covered

By Type, Function, End Use Industry, and Region

Geographies Covered

North America (U.S., Canada and Others) Europe (U.K, Germany, Italy, France, Spain, Netherlands, Belgium, Russia, Poland, Czechia, Sweden and Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia & New Zealand, Rest of Asia-Pacific) South America (Brazil, Argentina, Chile, Colombia, Rest of South America) Rest of the World.

Key Market Players

BASF SE

Arkema Group

Kao Corporation

Evonik Industries

Clariant AG

Ashland Inc.

Huntsman Corporation

Croda International

KLK OLEO

Nouryon

 

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Quaternary Ammonium Salts Market Report – Key Takeaways:

Benzalkonium Chloride (BKC) Segment is the Fastest Growth of the Market

The category for benzalkonium chloride (BAC) is expected to grow at the highest CAGR of 5.2% throughout the forecast period and had a significant share of the market in 2022. Its compatibility with a range of surfaces, including metal, glass, plastics, and fabrics, is said to be the reason for its rise. In addition to being used on skin and mucous membranes, it can also be used on hard surfaces. Owing to its adaptability, it can be used in a variety of contexts, including healthcare facilities, food processing facilities, and residential cleaning.  Moreover, according to the International Trade Administration, Canada’s cosmetics industry garnered around USD 1.24 billion in revenue in 2021. Industry revenue is expected to grow by 1.45% annually to reach USD 1.8 billion by 2024. As the demand for cosmetics products increases, there is a huge demand for BKC, which is widely used in cosmetics and personal care contributes to the growth of the Quaternary Ammonium Salts Market.

 

North America is Leading the Market

North America leading the Quaternary Ammonium Salts Market with a share of more than XX%, followed by North America.  Presence of leading global manufacturers of Quaternary Ammonium Salts in Asia Pacific is estimated to drive the Quaternary Ammonium Salts Market in the region during the forecast period. Huge number of wastewater treatment plants coupled among others is the key factors responsible for the growth of sludge treatment chemicals market in North America. Increased consumption of Quaternary Ammonium in water treatment industry as a flocculant is projected to create ample opportunities in the market. Escalating need for water treatment plants across the globe is forecast to create remunerative opportunities for the market.

For instance, according to American Society of Civil Engineers (ASCE), in 2018, 240 million Americans. For Instance,76% of the population relied on the 14,748 treatment plants for wastewater sanitation. By 2032, it is expected that 56 million more people will connect to centralized treatment plants, rather than private septic systems. China is expected to witness highest growth rate for the Quaternary Ammonium Salts Market in Asia Pacific region owing to the increase in demand of Quaternary Ammonium Salts from various end-use industries such as oil & gas and personal care.

Increasing food and beverage industry is propelling market expansion

Growing demand for food and beverage industries is set to be one of the major factors analyzed to drive the market during the forecast period. Countries in North East Asia, such as China, Japan, and South Korea, have a substantial rapidly rising food and beverage sector. These nations have seen an increase in urbanization, a shift in consumer habits, and an increase in demand for processed and packaged foods and drinks. As a result, there is a higher demand for effective cleaning and sanitization solutions to maintain cleanliness and assure food safety throughout the manufacturing and distribution processes. Food safety authorities in China set severe rules and quality requirements, which increase demand for quaternary ammonium salts. Regulatory organizations such as the China Food and Drug Administration (CFDA) have allowed the use of these substances in the food and beverage sector. Because of their proven safety and efficacy, they are popular among food makers. As a result, the demand for QAS is rising. Moreover, Convenience meals and ready-to-drink drinks are in high demand owing to shifting customer tastes. Effective preservation measures are frequently required for these items to maintain their stability and safety throughout storage and transit. Quaternary ammonium salts can play an important role in preserving desired product properties and increasing shelf life.

 

Increasing use in textile industry is propelling market expansion

The principal active component in fabric softeners is QACs. The most prevalent softener active ingredients now available on the market are diethylenetriamide compounds, dialkonium salts, and ester quaternary salts. The ester quaternary salts are ideal alternatives for dialkonium salts because they are more biodegradable and less harmful. According to the National Bureau of Statistics, the world’s leading producer and exporter of textiles is China. Chinese textile exports hit a record high of USD 24,741 million in February 2022. China manufactured over three billion meters of textiles for garments in 2022.  In November 2022, the amount of textile output hit an all-time high of USD 46 billion. Quaternary ammonium salts have potent antibacterial activity. They can prevent the growth of bacteria, fungus, and other microorganisms that cause odor, stains, and degradation of fabrics. With a growing demand for antimicrobial textiles in North East Asia, quats are being incorporated into fabrics to provide long-lasting protection against microbial contamination. Asia is known for its fashion-forward consumer market, where customers demand innovative functional textiles. Quaternary ammonium salts have a variety of functional advantages, including UV protection, water repellency, and anti-static characteristics. These new features respond to the region’s changing customer preferences.

 

Raising funding from a government organization

Governments are concentrating their spending on enhancing the agricultural sector, which will also increase demand for ammonium salts and open up enormous prospects for market expansion. The main fertilizer ingredient is urea, which is made from ammonium salt. For instance, the Indian government has decided that urea businesses that are more than 30 years old but are still producing urea will receive an additional set price of about $6.77. Approximately 30 urea industries would get fixed expenses at a cost of $4.74 per metric tonne, according to a government announcement. However, India imports urea in quantities of at least 50 lakh tonnes annually. The primary objective of an Indian government project is to boost domestic urea production. Consequently, such efforts Owing to the factors, use of Quaternary Ammonium Salts will be significantly impacted, thus hampering its market growth.

 

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Key Opportunity Analysis:

Rising demand for food safety

The food processing industry, which includes dairy, meat, poultry, fish, and fruits and vegetables, is rapidly implementing QAS-based solutions for surface disinfection, equipment cleanliness, and water treatment. This widespread adoption is driving the market demand for QAS products.  According to the Office of the Assistant Secretary for Health, In the US, around 1 in 6 persons contract a food-borne disease each year. The goal of Healthy People 2030 is to increase food safety procedures in order to avoid foodborne infections. Food safety and innovation can indirectly support the growth of various sectors, including those that utilize QAS, such as food processing, disinfection, and agricultural applications. QAS, being an effective disinfectant and antimicrobial agent. Moreover, Food Standards Agency (FSA) has estimated that around 2.4 million cases of foodborne illness occur every year in the UK. The rising focus on food safety, especially in the food processing industry, raises the demand for efficient disinfection and sanitation solutions. The market for quaternary ammonium salts (QAS) is expected to rise as a result of this growing demand.

 Advancements in processing technology for Quaternary Ammonium Salts

Advances in processing technology may result in cost savings in QAS manufacturing. More efficient synthesis processes, better catalysts, and optimized process parameters can all help to reduce production costs, making QAS more inexpensive and accessible to a wider variety of opportunity to the manufacturers. The focus on sustainable manufacturing methods gives an opportunity to develop greener and more environmentally friendly techniques for QAS production. This can involve using renewable feedstocks, reducing energy consumption, minimizing waste generation, and implementing eco-friendly purification techniques. According to the United States federal government is the world’s largest consumer, spending more than $630 billion on products and services yearly. The government’s procurement and consumption of products and services have a substantial environmental impact. The federal government’s purchasing decisions may positively impact human health and the environment, aiding enterprises that produce environmentally preferable products and services and boosting the worldwide supply of greener products and services.

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The Report also Covers the Following Areas:

  • Quaternary Ammonium Salts Market Size and Forecast
  • Quaternary Ammonium Salts Market Trends
  • Quaternary Ammonium Salts Market Analysis by Product Type

Quaternary Ammonium Salts Market 2023-2030: Key Highlights

  • CAGR of the market during the forecast period 2023-2030
  • Value Chain analysis of key stake holders
  • Detailed analysis of market drivers and opportunities during the forecast period
  • Quaternary Ammonium Salts Market size estimation and forecast
  • Analysis and predictions on end users’ behavior and upcoming trends
  • Competitive landscape and Vendor market analysis including offerings, developments, and financials
  • Comprehensive analysis of challenges and constraints in the Quaternary Ammonium Salts Market

Covid and Ukrainian Crisis Impact:

  • The COVID-19 pandemic, disinfectants were used more frequently in public spaces, transportation, healthcare settings, nursing homes, wastewater treatment plants, and even ordinary residences to lessen the virus burden. Spending on disinfection solutions increased globally owing to the increase in hospital-acquired infections, which helped the market expand. According to the World Health Organization (WHO), close to 41.31 million patients in Europe experience around 45.44 million cases of healthcare-associated illnesses each year. The market for quaternary ammonium disinfectants has expanded as a result of the increase in spending on cleaning supplies in hospitals due to improved patient safety.
  • The Russia-Ukraine war has broader consequences on the global economy, Quaternary ammonium salts, commonly known as quats, are organic compounds that have many applications, including use as disinfectants, surfactants, and preservatives in various industries such as healthcare, agriculture, and personal care products. According International Monetary Fund report 2023, COVID and Russia’s conflict in Ukraine have left a legacy of high inflation and sluggish growth in the economies of Central, Eastern, and Southeastern Europe. In comparison to our forecasts previous to COVID, the area has lost a total of €50 billion in income.

 

Key Takeaways:

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List of Key Market Players in Quaternary Ammonium Salts Market:

The Global Quaternary Ammonium Salts Market is fragmented with several global and regional companies operating with expansive manufacturing capabilities and extensive distribution networks. The key companies profiled are listed below:

  1. BASF SE
  2. Arkema Group
  3. Kao Corporation
  4. Evonik Industries
  5. Clariant AG
  6. Ashland Inc.
  7. Huntsman Corporation
  8. Croda International
  9. KLK OLEO
  1. Nouryon

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