Esterquats Market to exceed USD 5.2 Billion by 2032, Says Global Market Insights inc.
Esterquats Industry size is expected to register 9.2% CAGR between 2023 and 2032 propelled by increasing demand for personal care products.
Selbyville, Delaware , June 04, 2024 (GLOBE NEWSWIRE) — Esterquats Market is projected to be over USD 5.2 billion by the end of 2032, as per a
Asia Pacific to remain an attractive market destination
Asia Pacific esterquats market size is projected to depict substantial growth by 2032, due to the increasing consumer demand for eco-friendly and biodegradable products in personal care and home care sectors. Rising awareness of sustainability and environmental impacts is driving the adoption of esterquats in fabric softeners and conditioners. The expanding middle-class population and urbanization in emerging economies is further spurring the demand for high-quality, sustainable household products. Rising regulatory support for green chemicals and advancements in production technologies are bolstering the regional market expansion.
Esterquats Market Participants
Some of the leading firms operating in the esterquats industry include BASF SE, Stepan Company, Solvay S.A., Evonik Industries, Kao Corporation, AkzoNobel N.V., Clariant AG, ABITEC Corporation, Chemelco, The Lubrizol Corporation, Italmatch Chemicals S.p.A., Hangzhou Fandachem Co., Ltd, and Dongnam Chemical Industries Co., Ltd. These market players are leveraging various business development strategies, like mergers & acquisitions, collaborations while introducing novel solutions to gain a competitive ground in the market. For instance, in August 2022, Clariant announced a definitive agreement to divest its quats business to Global Amines Company Pte. Ltd., a joint venture between Clariant and Wilmar, Asia’s leading agricultural and oleochemicals business.
About Global Market Insights
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
CONTACT: Aashit Tiwari Corporate Sales, USA Global Market Insights Inc. Toll Free: +1-888-689-0688 USA: +1-302-846-7766 Europe: +44-742-759-8484 APAC: +65-3129-7718 Email: [email protected]
