ph Adjuster Market Size

ph Adjuster Market size was over USD 1.33 billion in 2023 and is set to cross USD 3.02 billion by 2036, growing at more than 6.5% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of ph adjuster is estimated at USD 1.4 billion. The primary growth factor of the pH adjuster market is the growth of pharmaceutical industry. The high utilization of pH adjusters in pharmaceutical processes is expected to expand the pH adjuster market size in the upcoming years. As per recent estimates it was revealed that the pharma revenues generated worldwide in 2020 was totaled to be USD 1.30 trillion.

The pH adjuster is generally used to maintain the acidity or alkalinity of a solution or any end-use product. When materials go under process of becoming final goods, there are high chances of them becoming overly alkaline and acidic, thus generating the need of pH adjuster to keep the finished product stable and efficient. The high production of medicines is expected to rise the demand of pH adjusters to determine the stability of medications, the biological tolerability and activity of the molecule. Thus, the increased rate of medicine consumption is projected to expand the pH adjuster market in the forecast period. The global use of medicine has increased with a CAGR of 3%. Further, it was found that approximately 66% of adult Americans have taken prescribed drugs in 2021.