Market revenue in 2022 | USD 292.6 million |
Market revenue in 2030 | USD 492.5 million |
Growth rate | 6.7% (CAGR from 2022 to 2030) |
Largest segment | Didecyldimethylammonium chloride |
Fastest growing segment | Benzalkonium Chloride |
Historical data covered | 2018 - 2021 |
Base year for estimation | 2022 |
Forecast period covered | 2023 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Alkyl Trimethyl Ammonium Chloride, Benzalkonium Chloride, Didecyldimethylammonium chloride, Other Products |
Key market players worldwide | Arkema SA, Basf SE, DuPont de Nemours Inc, Evonik Industries AG, Ashland Inc, Novo Nordisk A/S ADR, Global Amines Company |
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The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to quaternary ammonium compounds market will help companies and investors design strategic landscapes.
Didecyldimethylammonium chloride was the largest segment with a revenue share of 58.75% in 2022. Horizon Databook has segmented the Latin America quaternary ammonium compounds market based on alkyl trimethyl ammonium chloride, benzalkonium chloride, didecyldimethylammonium chloride, other products covering the revenue growth of each sub-segment from 2018 to 2030.
The market for QACs in Central and South America is primarily driven by increasing demand from various end-use industries, such as healthcare, water treatment, food processing, and pharmaceuticals. These compounds are widely used as disinfectants, sanitizers, and detergents, due to their excellent antimicrobial properties.
Brazil and Argentina are two of the largest markets for QACs in the region, accounting for a significant share of the overall demand. In Brazil, the demand for QACs is mainly driven by the healthcare and food processing sectors, while in Argentina, the demand is primarily driven by the food processing and manufacturing sectors.
Key manufacturers in the QACs market focus on improving their product offerings and expanding their market presence through acquisitions and partnerships. For instance, in 2022, Indorama Ventures acquired Brazil's Oxiteno, expanding the company's growth potential into lucrative surfactant market and aiming to broaden its product portfolio and strengthen its position in the Central and South American market.
Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America quaternary ammonium compounds market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America quaternary ammonium compounds market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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