Industry Background:
Esterquats are defined as products obtained through a reaction between long-chain fatty acids derived from plant or animal-based feedstock with substituted quaternary ammonium compounds. It also represents a new generation of surfactants categorized into cationic surfactants that are mostly used in fabric care and personal care products. Esterquats act as softening and conditioning agents for clothes and in personal care products. Further, increasing adoption of environmentally friendly products and technological developments of Esterquat is driving the Global Esterquats market.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Evonik Industries AG (Germany), Kao Chemicals (Japan), Akzo Nobel N. V (Netherlands), Stepan Company (United States), Solvay Group (Belgium), Berkshire Hathaway Inc. (United States), Italmatch Chemicals S.p.A. (Italy), The Dow chemical company (United States) and Dongnam Chemical Industries Co., Ltd.(China) |
According to AMA, the market for Esterquats is expected to register a CAGR of 9.6% during the forecast period to 2028. This growth is primarily driven by Availability of Cost-Effective High-Performance Esterquats on a Large Scale, Increasing Population & Urbanization and Rising Per-capita Income & Changing Living Standards.
Globally, a noticeable market trend is evident Supportive Government Regulations Mandating Utilization of Environment-Friendly Products
Major Vendors, such as Evonik Industries AG (Germany), Kao Chemicals (Japan), Akzo Nobel N. V (Netherlands), Stepan Company (United States), Solvay Group (Belgium), Berkshire Hathaway Inc. (United States), Italmatch Chemicals S.p.A. (Italy), The Dow chemical company (United States) and Dongnam Chemical Industries Co., Ltd.(China), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The Global Esterquats market is fragmented with Emerging players who are involved in of product reliability, quality issues, and technological innovation. A large number of companies are involved in the development of technologies. In addition, manufacturers are undertaking extensive R&D for the development of effective and high-quality products.
Key Developments in the Market:
In 2022- Stepan Company announced the sale of its specialty ester surfactant product line for the personal care market to The HallStar Company (formerly CPH Holding Corporation). and In 2018, Clariant company launched Eosidin, The active ingredient Eosidin is the first product solution focusing on indoor pollution control. Indoor pollution is the accumulation of heavy metals and other materials inside your home. It triggers a lot of irritation processes and can lead to atopic-prone skin conditions. Eosidin specifically targets this process to avoid atopic-prone skin conditions and hypersensitivity
In 2022 - Nouryon launches the new ArmoSoft DEVQ conditioning which is a readily biodegradable, and vegetable-based alternative to alkyl quats that lets commercial laundry formulators create eco-friendly. Unlike competitive esterquats, ArmoSoft DEVQ is uniquely composed of nearly 100% di-esters,
Influencing Trend:
Supportive Government Regulations Mandating Utilization of Environment-Friendly Products and Replacement of DHTDMAC (a quaternary ammonium compound) in fabric softeners due to Low toxicity and biodegradability of Esterquats
Market Growth Drivers:
Availability of Cost-Effective High-Performance Esterquats on a Large Scale, Increasing Population & Urbanization and Rising Per-capita Income & Changing Living Standards
Challenges:
Changing Consumer Preferences
Restraints:
Fluctuating Raw Material Prices May Hamper the Market Growth
Opportunities:
Rising Demand for Fabric Softeners & Biobased Chemicals in Developed Countries
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Esterquats Market
- Analysis about New Entrants in Esterquats Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Esterquats Study Sheds Light on
The Esterquats Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Esterquats industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Esterquats industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.