The global didecyldimethylammonium chloride market is expected to reach US$ 387.5 Mn in 2020 and is anticipated to register CAGR of 11.2% from 2021-2028.
Increasing awareness among consumers pertaining to acquiring infections from hospitals and outdoor places is resulting in rising cleaning activities in order to provide a safe environment. This is expected to increase demand for cleaning and disinfectants having DDAC which is a major factor expected to drive the growth of global didecyldimethylammonium chloride market. Demand for cleaning and disinfectant products is increasing. According to a survey in 2020, the sale of hand sanitizer in the US reached US$ 200 Mn. Demand for cleaning and disinfectant products is on rise from hospitals, clinics, government offices, etc. due to COVID-19 pandemic forcing the government of developed and developing countries to lay favorable regulations considering the pandemic situation.
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Manufacturers are focused on the use of DDAC in the formulation of disinfectants, cleansers, and sterilants. Their approach towards new product launches in order to enhance the customer base is expected to augment the growth of didecyldimethylammonium chloride market.
Major players are trying to enhance the business to developing countries in order to track the untapped market in the region. In addition, increasing acquisition activities by major players are combined factors expected to augment the growth of didecyldimethylammonium chloride market. Cosmetic product sales are witnessing a peek across the globe due to high consumer spending on cosmetic products. According to the survey, the average monthly spending by American women on appearance is US$ 313. In 2019, the revenue of the cosmetic industry in the US was US$ 49 billion and increasing rapidly. DDAC has actively used a preservative in cosmetic products. This is expected to impact the growth of target market.
|Market||Didecyldimethylammonium Chloride Market|
|Analysis Period||2017 - 2028|
|Market Forecast in 2028||US$ 998.3 Mn|
|Forecast Data||2021 - 2028|
|Segments Covered||By Type, By Application, By End Use and By Geography|
|Regional Scope||North America, Europe, Asia Pacific, Latin America, and Middle East & Africa|
|Key Companies Profiled||
Yixing Kailida Chemical, Guangzhou Zhonghai Chemical Co., Ltd., Lonza, Xiamen XM-Innovation Chemical, Normac Chem Co.,Ltd., Solvay, and Stepan Company
||Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis|
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Factors such as fluctuating raw material prices and stringent government regulations related to product approval are expected to hamper the growth of global didecyldimethylammonium chloride market. European Food Safety Authority (EFSA) has collected the data on DDAC residues in food to provide a statistical evaluation of the collected data in accordance with the guidelines of the Standing Committee on the Food Chain and Animal Health. In addition, side-effect of direct exposure to the DDAC is expected to limit its use in products pertaining to safety; this is expected to challenge the growth of target market. However, increasing investment for R&D activities by major players, and an approach towards the introduction of eco-friendly products are factors expected to create new opportunities for players operating in the didecyldimethylammonium chloride market. In addition, favorable business policy by the government is expected to support the revenue transaction of the target market.
Didecyldimethylammonium Chloride Market Segment Analysis, 2020
The global didecyldimethylammonium chloride market is segmented into types, application, and end-use. The type segment is divided into 0.99, 0.8, 0.5, and other (0.7& 0.6). Among the types, 0.8 segment is expected to account for significant revenue share in the global market. The end-use segment is divided into oil & gas, pharmaceuticals & cosmetics, water treatment, timber protection, horticulture & household, and others. Among end-use, the pharmaceuticals & cosmetics segment is expected to account for major revenue share in the global market. This is due to the flourishing pharmaceutical sector and increasing investment for R&D activities by major players for drug development.
The players operating in the global didecyldimethylammonium chloride market are Yixing Kailida Chemical, Guangzhou Zhonghai Chemical Co., Ltd., Lonza, Xiamen XM-Innovation Chemical, Normac Chem Co.,Ltd., Solvay, and Stepan Company.
Market by Type:
Market by Application:
Market by End Use:
Market By Geography
Market in 2020 is expected to be above US$ 387.5 Mn and CAGR from 2021-2028 is above 11.2%.
Prominent players operating in the target market are Yixing Kailida Chemical, Guangzhou Zhonghai Chemical Co., Ltd., Lonza, and Xiamen XM-Innovation Chemical.
North America dominated and Asia Pacific region exhibited the fastest growing CAGR
In type the 0.8 segment held the maximum share.