Esterquats Market Analysis and In-depth Research on Industry Size, and Emerging Trends Report By 2024 “Globally, the esterquats industry is predicted to grow at CAGR of 11.0% in forecast period, providing numerous opportunities for market players to invest for research and development in the market.�
The global Esterquats Market size is expected to value at USD 3.45 billion by 2024. The market is subject to witness a substantial growth due to the growing demand from fabric softener industry. Additionally, the rise in requirement for high performance and sweet-scented fabric softeners is anticipated to fuel demand for the market over the forecast period. Other factors responsible for the growth of the market are rise in the awareness among users, increase in the personal disposable income and innovation in fabric softener products. Globally, the esterquats industry is predicted to grow at CAGR of 11.0% in forecast period, providing numerous opportunities for market players to invest for research and development in the market. With the recent technological developments coupled with superior performance and lower cost of esterquats products have led to increasing adoption of esterquats during production of fabric softeners. Esterquats offers low toxicity and bio-degradability, which makes it an ideal alternative to dihydrogenated tallow alkyl dimethyl ammonium chloride during manufacturing of fabric softeners. Rise in the investment by industry leaders in research and development of esterquats is expected to propel the growth of the market in coming years. Hair care is one of the fastest growing segment in esterquats market with higher revenue generation over the forecast period. Governmental laws and regulation related with use of conventional material and their environmental impact, is promoting adoption of esterquats in health and beauty care industry. With rise in the young population across the globe coupled with rapid urbanization, higher employment rate, and rise in the standard of living are catering to the growth of the market in coming years.
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