Market Research Report
Esterquats Market Analysis By Application (Fabric Care, Personal Care, Industrial), By Region (North America, Europe, Asia Pacific, Latin America, GCC, KSA, Rest of MEA), And Segment Forecasts, 2010 - 2024
|Published by||Grand View Research, Inc.||Product code||600833|
|Published||Content info||102 Pages
Delivery time: 2-3 business days
|Esterquats Market Analysis By Application (Fabric Care, Personal Care, Industrial), By Region (North America, Europe, Asia Pacific, Latin America, GCC, KSA, Rest of MEA), And Segment Forecasts, 2010 - 2024|
|Published: November 15, 2017||Content info: 102 Pages||
The global esterquats market is expected to reach USD 3.45 billion by 2024, according to a new report by Grand View Research, Inc. The growing demand for fabric care products due to rising awareness among consumers toward fabric care and increasing investment by market players is likely to boost the demand for esterquats.
Factors such as supportive government regulations that stress on the use of environmental-friendly products are expected to have a positive impact on market growth over the forecast period. The technological advancements in esterquats over the past years have led to the development of ultra-concentrated products with 20%-25% solid content. This has facilitated high performance of the product and availability of esterquats at a reasonable price. North America and Europe are likely to witness an increase in demand for concentrated esterquats for industrial applications.
The market has witnessed numerous advancements in manufacturing process since inception. Palm-based esterquats derived from vegetable and renewable raw material sources are largely used in comparison to animal-based raw materials. In addition, methyl ester route is being used instead of the fatty acid route, thereby improving the efficiency and reducing batch process time. Manufacturers are implementing various methods to balance thermal stability and hydrolysis rate of esterquats, which in turn is expected to propel market growth over the next eight years.