Market Overview: The global market for Quats (Quaternary Ammonium Compounds) is projected to experience a growth rate of 6.8%, expanding from USD 963.7 million in 2019 to USD 1.63 billion by 2027. The increasing incidence of hospital-acquired infections, a rise in the geriatric population, the prevalence of chronic diseases, and the growing number of surgical procedures are driving the demand for Quats in the market.
The growth of the market is further supported by the increasing number of cesarean deliveries, appendicitis operations, and cosmetic surgeries, which require effective cleaning and disinfection of surgical instruments. In the United States, the Center for Disease Control and Prevention (CDC) reported that one out of every three babies born in 2017, approximately 1.3 million children annually, were delivered via cesarean section. This number is expected to rise, leading to an increase in surgical procedures.
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Additionally, the COVID-19 pandemic has contributed to the surge in demand for high-quality surface disinfectants, particularly in hospitals and public spaces. The market is also witnessing growth due to the expansion of laboratories and increased emphasis on personal hygiene. Furthermore, the rise in disposable income is a driving factor for market growth.
Type Analysis: Pharmaceutical grade products are manufactured to ensure the highest purity and maximum absorption. Although no product is 100% pure due to the addition of different substances, pharmaceutical grade products must surpass 99% purity and should not contain fillers, binders, dyes, excipients, or unknown substances. Only a small percentage (less than 3%) of the market products meet these criteria. In 2019, pharmaceutical grade products accounted for a market share of 68.7%.
Application Analysis: Quats are widely used as bioactive agents with antimicrobial properties. They find applications in various sectors such as industrial, medical, domestic, and agricultural. They are utilized as pesticides, wood preservatives, sanitizers/disinfectants, fungicides, and hard-surface cleaners. Quats have proven effectiveness against fungi, bacteria, and viruses even at low temperatures.
Their antiseptic properties make them popular ingredients in topical products like antiseptic creams, liquids, and gels. Quats exhibit antimicrobial activity across a wide range of microorganisms, including yeasts, molds, gram-positive, and gram-negative bacteria. They are odorless and colorless and can effectively function in different pH ranges, making them ideal for antimicrobial applications. Disinfectants held the largest market share of 25.7% in 2019 among quaternary ammonium compounds.
Distribution Channel Analysis: In terms of revenue, online distribution channels dominated the Quaternary Ammonium Compounds market in 2019. The availability of various disinfectant products on online platforms attracts consumers who find it convenient and time-saving to compare prices, varieties, and brands online instead of visiting retail stores. The growth of online channels is driven by the convenience and ease of product availability.
Regional Analysis: Europe extensively uses Quaternary Ammonium Compounds (QACs) as disinfectants and pesticides. However, due to concerns over high residues of QAC-based pesticides in food, the European Food Safety Authority (EFSA) advocated for a limit of 0.1 mg/kg based on a health-based risk assessment. Europe is projected to grow at a CAGR of 7.0% during the forecast period.
Quats are widely utilized in the food industry in Europe and the UK as disinfectants because of their effectiveness, non-tainting properties, and mild detergency. They are cost-effective and cause minimal corrosion to the materials used in food processing equipment. North America is expected to witness increased demand for quaternary ammonium compounds due to their diverse applications in fields such as agricultural chemicals, oil gas, textiles leather. The Asia Pacific region will also experience growth in demand, driven by end-use industries like food and beverage, paints and coatings, and agricultural chemicals.
Key Companies: Prominent manufacturers in the Quats market include DuPont, Clariant AG, KAO Corporation, Merck KGaA, Huntsman, BASF SE, Croda, Xiamen Pioneer Technology, Evonik Industries AG, and Novo Nordisk Pharmatech A/S. These companies have implemented various strategies in the market between 2017 and 2020.
Notable developments include Novo Nordisk Pharmatech's partnership with Signet Chemical Corporation Pvt. Ltd. for the distribution of QACs in India, Bangladesh, and Sri Lanka. The Indian government has increased the allocation for the Union Water Resources Ministry to provide safe drinking water.
Start-up Traction: The Quats industry offers numerous growth opportunities, attracting startups with innovative products and technologies. One example is Delta Finochem, a private limited company established in 2000.
Deals Landscape: Mergers and acquisitions play a significant role in the Quats industry. Key market players, along with other companies, have entered the industry through partnerships and agreements. For instance, Novo Nordisk Pharmatech partnered with DKSH to provide high-quality Quats in the Asia Pacific region, while also partnering with Azelis for distribution in selected European countries.
Expert Insights: Industry experts predict increased adoption of Quats technology and applications. After the COVID-19 pandemic, new manufacturers are expected to enter the market, focusing on innovation and advanced technologies to reduce complexity and operational costs. The use of scientific research in emerging nations is considered a key development area for the industry.
Segmentation: The report segments the global Quats market based on type, application, distribution channel, and region.
- Type Outlook: Industrial Grade, Pharmaceutical Grade
- Application Outlook: Disinfectant, Fabric Softeners, Wood Preservative, Surfactants, Antistatic Agent, Others
- Distribution Channel Outlook: Online, Offline
- Regional Outlook: North America, Europe, Asia Pacific, MEA, Latin America
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