USD 897.20 million
Report ID: SQSG15A2024 | Region: Global | Published Date: April, 2023 | Pages: 165 | Tables: 64 | Figures: 76
Global Esterquats Market size was valued at USD 897.20 million in 2021 and is poised to grow from USD 911.56 million in 2022 to USD 1034.98 million by 2030, growing at a CAGR of 1.6% in the forecast period (2023-2030).
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.
Global Market Size
USD 897.20 million
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Esterquats Market has been segmented based on form, application, and region. Based on form, the Esterquats Market is segmented into dry and liquid. Based on the application, the Esterquats Market is segmented into personal care products, fabric care products, home care products, industrial, and others. Based on region, the esterquats market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Esterquats Market Analysis by Application
In 2021, the fabric care segment had the biggest share in the esterquats market and was expanding at a CAGR of 11.6 percent. Esterquats are heavily used in the production of fabric softeners because of their exceptional qualities that enhance the quality of textiles. Earlier versions of fabric softeners relied on fatty acids to soften the fabric while decreasing its absorbency. Due to the fact that these fabric softeners were not biodegradable, there was an upsurge in the need for biodegradable and environmentally friendly fabric softener chemicals. In addition to providing outstanding stability, effective softening performance, solvent-free, odor-free, and good ironing effects, the use of esterquats in softener formulations helped to attain these additional benefits. Additionally, there is less environmental exposure to textile chemicals that contain esterquat. The demand for fabric softeners is rising as a result of factors such changing consumer lifestyles and rising purchasing power, which is supporting the esterquats market expansion over the forecast period.
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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.
Due to government regulations pertaining to the usage of environmentally friendly products for end-use applications, Europe has a significant market share. The availability of many fabric softener varieties with user-friendly features is projected to raise the demand for the product in the region. One of the marketplaces for esparto throughout the world with the quickest growth is Latin America. Growing environmental concerns, like water protection, have a significant impact on the product's demand.
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Esterquats Market Driver
Esterquats Market Restraint
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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.
Top Players in the Global Esterquats Market
Esterquats Market Recent Development
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected using Primary Exploratory Research backed by robust Secondary Desk research.
According to our analysis, by application, fabric care segment dominated the global esterquats market in 2021 and is anticipated to maintain its dominance throughout the forecast period. In 2021, Asia Pacific dominated the global esterquats market owing to the region's personal care and fabric care products is likely to assist development in this field.
|Market size value in 2021||USD 897.20 million|
|Market size value in 2030||USD 911.56 million|
|Forecast Unit (Value)||USD Million|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
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For the Global Esterquats Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Esterquats Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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