Market News
Global Esterquats Market – Key Developments
- In August 2022, CLARIANT is a Swiss multinational specialty chemical company that was formed in 1995 as a spin-off from Sandoz. CLARIANT announced its decision to sell its quaternary ammonium compounds (quats) business to Global Amines Company Pte. Ltd. This strategic move aligns with CLARIANT's ongoing efforts to reshape its portfolio, prioritizing specialty chemicals. The transaction, valued at US$ 113 million, includes transferring CLARIANT's facilities in Indonesia, Germany, and Brazil to the new owner.
- In November 2020, Stepan Company introduced 'STEPANQUAT Soleil', an eco-friendly hair conditioner made from non-GMO sunflower oil sourced from Spain and France. This innovative product incorporates biodegradable esterquat, significantly reducing its environmental impact.