Market revenue in 2022 | USD 498.1 million |
Market revenue in 2030 | USD 876.7 million |
Growth rate | 7.3% (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 60.15% in 2022. Horizon Databook has segmented the North 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.
Quaternary ammonium compounds (QACs) are in high demand in North America due to their effectiveness in cleaning and disinfecting various surfaces and their growing importance in preventing microbial resistance. The U.S. regulatory system manages QACs case-by-case, depending on their usage.
The COVID-19 outbreak significantly impacted North America's cleaning and disinfecting industry in 2020QAC use has accelerated due to growing awareness regarding proper hygiene practices to limit the spread of the virus. Several companies have been focusing on developing new technologies to enhance the efficiency and safety of QACs, such as those for optimizing and monitoring QAC formulations.
For instance, Stepan's Quaternary Ammonium Compounds business unit offers a range of QAC products optimized for specific applications. Additionally, Stepan has developed a software platform called Stepan Lab Assistant to assist in monitoring and optimizing QAC formulations. Another noteworthy development is the increased use of sustainable and eco-friendly QACs to create a more environmentally conscious industry.
Horizon Databook provides a detailed overview of continent-level data and insights on the North America quaternary ammonium compounds market , including forecasts for subscribers. This continent databook contains high-level insights into North America quaternary ammonium compounds market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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