[FURL=https://www.industryarc.com/Research/Esterquats-Market-Research-503373?utm_source=freeprnow&utm_medium=Pressrelease&utm_campaign=Paidpressrelease]Esterquats market[/FURL] is forecast to reach $3.5 billion by 2026, after growing at a CAGR of 9.5% during 2021-2026. Esterquats are categorized as cationic surfactants and are mostly used as conditioning agents in fabric care and personal care products. The rising focus of developed regions towards the enhancement of the effectiveness of laundry operations is leading to an upsurge in the demand for fabric softeners and detergent powders, thereby stimulating demand and supply of esterquats. Furthermore, the rapid growth of the textile and personal care sector has increased the demand for fabric care and cleaning products; thereby, fueling the market growth. However, due to rising oil prices, the rising cost of raw materials for the preparation of esterquats is expected to hinder the growth of the esterquats market during the forecast period.Key Takeaways
Europe dominates the esterquats market, owing to the increasing demand for fabric softeners, and cleaning products in the region. Increasing per capita income coupled with the increasing population is the key factor driving the demand for fabric softeners, and cleaning products in the region.
Esterquats are cationic surfactants, which have high biodegradable properties and are eco-friendly. The growing demand for bio-based chemicals and surfactants especially in developed regions of the globe is expected to create lucrative opportunities for the esterquats market.
Due to the Covid-19 pandemic, most of the countries have gone under lockdown, due to which the operations of various industries such as textiles are disruptively stopped, which is hampering the esterquats market growth.
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Esterquats Market Segment Analysis – By Geography
Europe region held the largest share in the esterquats market in 2020 up to 34%, owing to the increasing expanding textile and apparel industry in the region. The esterquats based fabric softeners offer consumer-friendly characteristics, which is likely to augment the utilization of the product in the region. Furthermore, the demand is also driven by government regulations related to the use of eco-friendly fabric softeners for end-use applications in the region.
Esterquats Market Drivers
Proliferating Demand for Surfactants and Burgeoning Home Care Market
Expanding Pharmaceutical Industry
Esterquats market top 10 companies are Stepan Company, Kao Chemicals Europe, Evonik Industries, AkzoNobel, Chemelco International B.V., ABITEC Corporation, BASF SE, Lubrizol, Italmatch Chemicals, and Clariant Chemicals.
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