The global Didecyl Dimethyl Ammonium Chloride (DDAC) market was valued at US$ 391.5 million in 2020 and is predicted to reach US$ 999.2 million by 2028; experiencing a compound annual growth rate (CAGR) of 11.3 % during the forecast period from 2021 – 2028. Didecyl Dimethyl Ammonium Chloride (DDAC) is termed as an active constituent in numerous of antiseptic or disinfectant products. DDAC is used for innumerable tenacities like antiseptic for wood, as disinfectant for cleaning purposes and fungicide for coolants.
Rising deadly infections and virus urges awareness among the consumers, adoption of several cleaning product augments for the growth of DDAC market. Cleaning sectors which involve households, factories, hospitals among others urges for more demand of DDAC disinfectant thus boosting the market demand. Pharmaceuticals companies in US contributed one- third of their revenue for the R&D purposes in 2019. Data reported by Centers for Disease & Prevention shows that the surge in healthcare related infections causing casualties greater than road accidents, breast cancer and AIDS combined totally. Regulations setup by government leads for the usage of DDAC in cleaners and disinfectants due to its high demand which would lead for the demand growth of DDAC. Moreover, demand for DDAC in water treatment and timber industry also witnessing quicker growth owing to its demand.
Factors such as side effects of chemicals and harsh regulations led by government may restrain the global DDAC market rise. In addition, increasing raw material prices is anticipated to obstruct the market growth. Increasing R&D and investment in accordance with focus for more development of new products is attaining thrust and probable for generating new prospects for the key players in the global market during the forecast period.
Global Didecyl Dimethyl Ammonium Chloride (DDAC) Market repost analysis is segmented by type, application and region. By type, the reports bifurcate into DDAC 50%, DDAC 70%, DDAC 80% and DDAC 90%. By application usage, it categorises into medicine & health, oil field sterilization, industrial circulating water treatment and others. Rising need from hospitals, hotels and consumer products is anticipated to assist the market growth. Based on regional insights, the global didecyl dimethyl ammonium chloride (DDAC) market categorised into North America (U.S, Canada), Europe (Germany, France, UK, Russia, Italy, Rest of Europe), Asia Pacific (China, Japan, India, South Korea Rest of Asia Pacific), Rest of the World (Latin America and Middle East & Africa).
Asia- Pacific region is projected to garner faster growth owing to rising demand from timber and water treatment industry. Also, significant funds by governments for water treatment. Tinder industry seems rapid expansion in the region such as China, Vietnam and India are the chief exporters of timber. Termites, insects and fungi are the threats leading to industry threat. India accounted US$ 2 billion used for water treatment and DDAC demand usage surged in water treatment process and its plants.
North America accounts for substantial revenue in the Global Didecyl Dimethyl Ammonium Chloride (DDAC) Market owing to extensive application of DDAC in the pharmaceutical and water treatment industry. Pharmaceutical sector also witnesses huge growth in the region.
The major key players involved in the didecyl dimethyl ammonium chloride (DDAC) market are Guangzhou Zhonghai Co. Ltd., Xiamen XM-Innovation, Yixing Kailida Chemical, Lonza, Stepan Company Solvay and Normac Chem Co. Ltd. among others.
Segmentation and Scope of the Global Didecyl Dimethyl Ammonium Chloride (DDAC) Market
Global Didecyl Dimethyl Ammonium Chloride (DDAC) market is segmented by type, application and region.
Prominent players in the Global Didecyl Dimethyl Ammonium Chloride (DDAC) Market among other includes
the global didecyl dimethyl ammonium chloride market