Market Size –
The potential hydrogen (ph) adjusters market size has grown strongly in recent years. It will grow from <b>$3.27 billion in 2023 to $3.55 billion in 2024 at a compound annual growth rate (CAGR) of 8.6%. </b> The growth in the historic period can be attributed to water treatment requirements, agricultural practices, industrial processes, personal care and cosmetics, increased use in healthcare applications, increasing environmental awareness, food and beverage industry.
The potential hydrogen (ph) adjusters market size is expected to see strong growth in the next few years. It will grow to <b>$4.89 billion in 2028 at a compound annual growth rate (CAGR) of 8.3%. </b> The growth in the forecast period can be attributed to demand for sustainable products, water scarcity concerns, stringent regulatory standards, expansion of industrial activities, renewable energy applications, customization in product formulations, globalization of markets. Major trends in the forecast period include advanced ph adjustment technologies, stringent regulations driving adoption, increasing applications in agriculture, rise in biotechnology and pharmaceuticals, increased use in pool and spa maintenance, digitalization and automation, research and development in ph control technologies.
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Scope Of Potential Hydrogen (pH) Adjusters Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Potential Hydrogen (pH) Adjusters Market Overview
Market Drivers –
An increase in the consumption of beauty products is contributing to the growth of the potential hydrogen (pH) adjusters market going forward. Beauty products include skincare, personal care, fragrance, hair care, color cosmetics) products and others required to enhance beauty features. The potential hydrogen (pH) adjusters keep the formulations of the beauty products stable and ensure the safety of the final product. For instance, according to Zippia, Inc., a US-based company that provides online recruitment services, in 2022, US cosmetics sales bring in about $49.2 billion annually, with Americans typically spending $244 to $313 per month on cosmetics. And, in 2020, sales of cosmetics for the eyes and the face brought in nearly $1.96 billion and $1.9 billion, respectively. Therefore, a rise in consumption of beauty products will lead to the growth of potential hydrogen (pH) adjusters market.
Market Trends –
Collaborations are a key trend in the potential hydrogen (PH) adjusters market. Companies and organizations are collaborating with potential hydrogen (PH) adjuster manufacturers to leverage each other’s resources and expand into a new market. For instance, in August 2022, ABB Ltd., a Sweden-based automation company, expanded its partnership with Hydrogen Optimized to explore the development of large-scale green hydrogen production systems. The partnership aims to develop large-scale green hydrogen production systems to decarbonize hard-to-abate industries that address a wide range of essential needs such as energy, metals, and fuels for aircraft, ships, trucks, and rail. Hydrogen Optimized is a Canadian-based green energy company specializing in manufacturing innovative high-power water electrolyzers for large-scale clean hydrogen production.
The potential hydrogen (ph) adjusters market covered in this report is segmented –
1) By Type: Adjuvants, Soil Treatment, Aglime, Gypsum
2) By Application Type: Stabilizer, Fungicides, Pesticides, Herbicides, Neutralizing Agent, Other Applications
3) By End Users Type: Textile and Leather, Agrochemical, Pharmaceutical, Cosmetics and Personal Care, Surfactants, Other End Users
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Regional Insights –
Asia-Pacific was the largest region in the potential hydrogen (pH) adjusters market in 2023. The regions covered in the potential hydrogen (ph) adjusters market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the potential hydrogen (ph) adjusters market report are Air Products and Chemicals Inc., Akzo Nobel NV, Ashland Global Specialty Chemicals Inc., BASF SE, Dow Inc., Kemira Oyj, Nalco Water, SUEZ Water, Eastman Chemical Company, Aqua Chem Industry Company Limited, Arkema SA, Asahi Kasei Corporation, Chr. Hansen Holding A/S, Clariant Aktiengesellschaft, Covestro Aktiengesellschaft, Custom Hydrovac Services Ltd., E. I. du Pont de Nemours and Company, Evonik Industries AG, Huntsman Corporation, Hydrogen Optimized, International Polymer Solutions Inc., Lanxess Aktiengesellschaft, LG Chem Ltd., Mitsubishi Chemical Corporation, Nel ASA, Shin-Etsu Chemical Co. Ltd., Solvay S.A., Sumitomo Chemical Co. Ltd., Wacker Chemie AG, Zinkan Enterprises Inc.
Table of Contents
1. Executive Summary
2. Potential Hydrogen (pH) Adjusters Market Report Structure
3. Potential Hydrogen (pH) Adjusters Market Trends And Strategies
4. Potential Hydrogen (pH) Adjusters Market – Macro Economic Scenario
5. Potential Hydrogen (pH) Adjusters Market Size And Growth
…..
27. Potential Hydrogen (pH) Adjusters Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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