Global esterquats market

Esterquats Market Size, Share, Growth Analysis, By Application(Personal Care Products, Fabric Care Products, Home Care Products, Industrial), By Form(Dry, Liquid), By Region - Industry Forecast 2024-2031

Report ID: SQSG15A2024 | Region: Global | Published Date: February, 2024
Pages: 165 | Tables: 64 | Figures: 76

Esterquats Market Insights

Global Esterquats Market size was valued at USD 2.04 Billion in 2022 and is poised to grow from USD 2.16 Billion in 2023 to USD 3.42 Billion by 2031, growing at a CAGR of 5.9% in the forecast period (2024-2031).  

The demand is projected to increase over time as a result of factors such rising consumer awareness and disposable money along with innovation in fabric softener products. Esterquats are now used in the production of fabric softeners due to technological advancements and the demand for high-performance, low-cost products. Since a few years ago, esterquats have replaced DHTDMAC in fabric softeners in Europe and North America due to their low toxicity and biodegradability.

Long-chain fatty acids that are taken from plant or animal feedstocks and react with substituted quaternary ammonium compounds to produce esterquats, which are categorised products. Esterquats are a new family of cationic surfactants that are frequently found in personal care products and fabric care products. Esterquats are used in personal care products and as fabric softeners for clothing. Esterquats are widely employed in a variety of industries, including fabric care goods where they are used to generate fabric softeners.

Hair conditioners, oil and gas sector flotation aids, power release agents, and antibacterial agents are just a few uses for esterquat. The market is driven by rising consumer awareness and household per capita income. Esterquats are being used to process fabric softeners due to advancements in technology, high-performance, and low-cost product characteristics.

US Esterquats Market is poised to grow at a sustainable CAGR for the next forecast year.

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Global Esterquats Market size was valued at USD 2.04 Billion in 2022 and is poised to grow from USD 2.16 Billion in 2023 to USD 3.42 Billion by 2031, growing at a CAGR of 5.9% in the forecast period (2024-2031).  

There are numerous regional and international businesses working in a rather fragmented global market. Increasing distribution channels has been a major business strategy in recent years. The development of technologies is a multi-billion dollar industry. Additionally, manufacturers are investing much in R&D to create products that are both efficient and of the highest calibre. 'BASF SE ', 'Stepan Company ', 'Pilot Chemical Company ', 'Evonik Industries ', 'Kao Corporation ', 'Croda International PLC ', 'Associated British Foods ', 'Indorama Ventures PCL ', 'The Lubrizol Corporation ', 'Italmatch Chemicals SPA ', 'Global Amines Company ', 'Innospec Inc PLC ', 'Dow Inc. ', 'Nouryon ', 'P&G Chemicals ', 'Arkema Group ', 'Ashland Inc. ', 'Galaxy Surfactants ', 'Zschimmer and Schwarz ', 'Lion Speciality Chemicals Co. Ltd. '

Consumers all across the world are being introduced to cutting-edge items with automation. Consumers have long switched from manual washing methods to automatic washing machines in the laundry industry, for example. As a result, there is a boom in demand for laundry goods like fabric softeners and detergents. The primary basic ingredient (surfactant) utilised in fabric softeners is estroquats. Revenues on the esterquats market will likely increase in the upcoming years due to rising global demand for fabric softeners. The need for surfactants has been steadily rising in a number of important applications, including institutional and industrial cleaning goods, home care products, and personal care products. The market for esterquats will benefit directly from expansion in the surfactant market.

Growing consumer awareness, discretionary income, and innovation in fabric softener products are all expected to boost demand over the coming years. Esterquats are now used in the production of fabric softeners due to technological advancements and the demand for high-performance, low-cost products. Since a few years ago, esterquats have replaced DHTDMAC in fabric softeners in Europe and North America due to their low toxicity and biodegradability.

The Asia-Pacific region holds the majority of the esterquats market in terms of output and consumption. India, China, and other nations in the Asia-Pacific region are predicted to increase their need for esterquats. The market's growing understanding of the components used to create personal care and fabric care products is likely to assist development in this field. In this market, North America has experienced significant expansion. Demand for distilled liquid fabric softeners is expected to increase over the anticipated timeframe, as is volume usage. Additionally, the use of detergents that contain fabric softeners is growing, driving up the need for esterquats in the area.

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Global esterquats market

Report ID: SQSG15A2024

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