PUBLISHER: Grand View Research | PRODUCT CODE: 1301271
PUBLISHER: Grand View Research | PRODUCT CODE: 1301271
The global quaternary ammonium compounds market size is expected to reach USD 1.52 billion by 2030, expanding at 4.3% CAGR from 2023 to 2030, according to a new study by Grand View Research, Inc. The growth is majorly driven by the growing awareness regarding healthcare-associated infections (HAIs) amongst consumers. Healthcare-associated infections pose a significant challenge for healthcare providers across the globe. Quaternary ammonium compounds (QACs) are extensively used in hospitals and healthcare settings as disinfectants and surface sanitizers to prevent the spread of pathogens and reduce the risk of HAIs. The increasing emphasis on infection control measures and the need to maintain a sterile environment in healthcare facilities drive the demand for QAC-based disinfectants.
QACs are extensively used as active ingredients in disinfectants and sanitizers for healthcare facilities, food processing plants, laboratories, and household cleaning. They effectively kill a broad spectrum of microorganisms, including bacteria, viruses, and fungi, making them valuable for maintaining hygiene and preventing the spread of infections.The product is also used in fabric softeners to provide antistatic properties, reduce wrinkles, and improve the softness of fabrics. They help prevent static cling, make clothes easier to iron, and give a pleasant scent.
Europe is expected to dominate the market over the forecast period accounting for a revenue share of over 31% in 2022. European countries have implemented regulations and standards for the use of disinfectants and antimicrobial agents, ensuring their efficacy and safety. QACs that meet the regulatory requirements and have obtained necessary approvals for specific applications can gain wider acceptance in the market.
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