Key Manufacturers Operating in Quaternary Ammonium Compounds Market to Hit Lucrative Growth Objectives

According to MarkNtel Advisors who is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. Recently released a report on Quaternary Ammonium Compounds Market - Industry Trends and Forecast to 2028 and provides a comprehensive analysis of the current and future market conditions. The market research insights offered in this report enhance understanding of the market landscape, potential challenges, and strategies to establish a strong brand presence. With detailed market segmentation, in-depth analysis of key players, examination of consumer and supply chain trends, and exploration of new geographic markets, the insights presented in this report simplify the effective marketing of products and services.

Global Quaternary Ammonium Compounds Market Analysis and Size

The Global Quaternary Ammonium Compounds (QUATs) market is anticipated to grow at a CAGR of around 6% during the forecast period, i.e., 2023-28.

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Some of the major players operating in the Quaternary Ammonium Compounds Market are 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, Others.

Quaternary Ammonium Compounds Market Growth Driver:

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.

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Market Segment and Geographical Analysis

By Application

• Disinfectant

• Antibacterial Material

• Surfactant & Emulsifier

• Preservative

• Others (Active Ingredient in Mouth Wash, Fabric Softener, etc.)

By End-User

• Industrial

• Pharmaceuticals

By Region

• North America

• South America

• Europe

• The Middle East & Africa

• Asia-Pacific

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