Esterquats Market reflecting a growth rate of 2.9% over the eight-year period 2018 - 2026

The global personal care and cosmetics market has seen exponential growth in recent years and is one of the major growth drivers of the global esterquat market . There is a shift in consumer preferences towards natural and organic cosmetics and manufacturers are launching "clean label" cosmetic products that incorporate plant-based ingredients to meet the specific needs of their customers.

Manufacturers are modifying their cosmetic formulations by using natural alternatives to surfactants such as palm oil and coconut oil derivatives, also known as green surfactants. Additionally, growing inconsistencies in oil prices globally are driving producers to incorporate oleochemical alternatives such as coconut and palm oil.

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Growing demand for organic and ecological alternatives Area of ​​key opportunity in the global esterquat market

The use of certain types of conventional solvents causes emissions of volatile organic compounds into the environment, leading to critical risks for human health. This has led to a steady increase in the demand for and consumption of biological chemicals that are both environmentally friendly and safe for human health. Green solvents and surfactants are widely adopted across industries, offering immense growth opportunities for esterquat producers.

The raw material used to produce esterquats is palm oil or plant-based tallow, both of which are natural sources. Furthermore, esterquats are famous for their high biodegradable properties and are ecological in nature. Capable of being easily hydrolyzed, esterquats are mostly preferred as cationic surfactants in various applications such as hair conditioners and softeners. This growing demand for bio-based chemicals and surfactants, especially in developed regions of the globe, is expected to create profitable opportunities for manufacturers in the global esterquat market.

In a recent report released by Persistence Market Research, the global esterquat market is expected to reach a valuation of US $ 1,135.3 million by the end of 2026, compared to an estimate of US $ 903.1 million in 2018. reflecting a growth rate of 2.9% over the eight-year period 2018 - 2026.

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Rising demand for surfactants and a burgeoning personal care market to drive Esterquat sales

Consumers around the world are presented with advanced products that incorporate automation. One such area is laundry operations where consumers have long since switched from traditional hand washing techniques to automatic washing machines. As a result, the demand for laundry products such as detergents and fabric softeners has peaked. Esterquats are the primary raw material (surfactant) used in fabric softeners. Increasing demand for fabric softeners around the world is expected to generate revenue in the global esterquat market in the coming years.

There has been a steady increase in demand for surfactants in several key applications such as institutional and industrial cleaning products, home care products and personal care products. The oil and gas industry is also a major consumer of surfactants. This growth in the surfactant market will have a direct and positive impact on the growth of the esterquat market. The demand for esterquats is also expected to be increased by the increasing adoption of fatty acids in various end applications.

Company profiles

Stepan company
As a corporation
Akzo Nobel NV
BASF SE
Clariant AG
Italmatch Chemicals SpA
ABITEC company
Hangzhou FandaChem Co., Ltd
Dongnam Chemical Industries Co., Ltd.
Other.
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This release was published on openPR.