The global EsterquatsMarket size is expected to value at USD 3.45 billion by 2024. The market is subject to witness a substantial growth due to the growing demand from fabric softener industry. Additionally, the rise in requirement for high performance and sweet-scented fabric softeners is anticipated to fuel demand for the market over the forecast period. Other factors responsible for the growth of the market are rise in the awareness among users, increase in the personal disposable income and innovation in fabric softener products. Globally, the esterquats industry is predicted to grow at CAGR of 11.0% in forecast period, providing numerous opportunities for market players to invest for research and development in the market.
With
the recent technological developments coupled with superior performance and
lower cost of esterquats products have led to increasing adoption of esterquats
during production of fabric softeners. Esterquats offers low toxicity and
bio-degradability, which makes it an ideal alternative to dihydrogenated tallow
alkyl dimethyl ammonium chloride during manufacturing of fabric softeners. Rise
in the investment by industry leaders in research and development of esterquats
is expected to propel the growth of the market in coming years.
Hair
care is one of the fastest growing segment in esterquats market with higher
revenue generation over the forecast period. Governmental laws and regulation
related with use of conventional material and their environmental impact, is promoting
adoption of esterquats in health and beauty care industry. With rise in the
young population across the globe coupled with rapid urbanization, higher
employment rate, and rise in the standard of living are catering to the growth
of the market in coming years.
Request Sample Copy of This Market Research @
https://www.millioninsights.com/industry-reports/esterquats-market/request-sample
Constant
changes in lifestyle, improved living standards and higher purchasing power of
consumers are spurring market demand further. Increased sales of washing
machines in developing and underdeveloped economies across the globe is
expected to further augment growth of the esterquats market. Esterquats are
primarily used as a cationic surfactant during various manufacturing processes
such as washing, cleaning of large materials, and paper softening. Important
characteristics of the esterquats such as surface activity, substantively,
anti-microbial, and anti-static characteristics vital during numerous
industrial applications. Early adoption of the cleaning processes during
industrial applications limits corrosion and improves overall life span of the
product.
Esterquats,
also known as a quaternary ammonium compound, consists of two long fatty acid
chains with two weaker ester bonds. Addition of two ester bonds into the
aliphatic chains has substantially enhanced the bio-degradation process of the
cationic surfactants, thus limiting negative impact on the environment.
The
esterquats industry is divided into regional market segment such as North
America, Europe, Asia-Pacific, Latin America and Africa. European region has
shown major growth in recent years owing to the rise in the number of
governmental regulation associated with adoption of environmental friendly
products, and easy accessibility for numerous fabric softeners. The demand in
Europe is driven by countries such as UK, Germany, Spain, and Italy.
Asia-Pacific region is predicted to hold major market share in the esterquats
market with massive growth in forecast period. Countries such as South Korea,
Japan, and China are leading the Asia-Pacific market with rising awareness
among users related to health benefits of various ingredients used during
production personal care and fabric care products and growing investment by
industry leader considering poetical opportunities in the region.
Browse Full Research Report @
https://www.millioninsights.com/industry-reports/esterquats-market
The
key players in the esterquats industry are Stepan Company Incorporations, Kao
Chemicals Europe, S.L., Evonik Industries AG, AkzoNobel N.V., Chemelco
International B.V., ABITEC Co., BASF Co., Lubrizol Co., Italmatch Chemicals
S.p.A., and Clariant Chemicals Limited.
Market
Segment:
Application
Outlook (Volume, Kilotons; Revenue, USD Million; 2010 - 2024)
• Fabric Care
• Personal Care
• Industrial
Regional
Outlook (Volume, Kilo Tons; Revenue, USD Million, 2010 - 2024)
• North America
• Europe
• Indian Sub-Continent
• Rest of Asia Pacific
• Latin America
• GCC
• KSA
• Rest of Middle East
• Africa
Read more insights on @
https://latestmarkettrends.news.blog
Get in touch
At Million Insights, we work with the aim to reach the highest levels
of customer satisfaction. Our representatives strive to understand diverse
client requirements and cater to the same with the most innovative and
functional solutions.
Contact Person:
Ryan Manuel
Research Support Specialist, USA
Email: ryan@millioninsights.com
Comments
Post a Comment