ph Adjuster Market Trends

Growth Drivers

High Expenditure on Medicines – The global spending on medicines is estimated to grow considerably. In 2021, the global expenditure on medicines was calculated to be USD 1.42 trillion, a rise from just USD 890 billion in 2010. This number is further projected to rise to nearly USD 1.8 trillion in the year 2026.

Growth in Beauty and Cosmetic Industry - The products in the beauty and cosmetic sector, such as lotions, shampoos, skin and hair products, require a balanced pH level so that they don’t harm our skin. Thus, the recent boom in the beauty sector is anticipated to garner high revenues for the pH adjuster market. A recent study revealed that the global beauty industry is projected to generate a revenue of USD 716 billion by 2025.

Boom in the Chemical Industry – In the year 2021, the chemical industry globally generated a revenue of USD 4.73 trillion.

Burgeoning Population – The rise in population and disposable income is expected to increase the adoption rate of pH adjusters for some better daily-use products. As per the World Bank, the population of world was accounted to be 7.84 billion in 2021. This is a considerable rise from the year 2012 with a total population of 7.09 billion.

Challenges

Addition of Hazardous Entities
Lack of Awareness and Less Adoption
Additional Safety Expenses

ph Adjuster Market: Key Insights

Base Year	2023
Forecast Year	2024-2036
CAGR	6.5%
Base Year Market Size (2023)	USD 1.33 billion
Forecast Year Market Size (2036)	USD 3.02 billion
Regional Scope	North America (U.S. and Canada) Latin America (Mexico, Argentina, Brazil, Rest of Latin America) Asia Pacific (Japan, China, India, Indonesia, Malaysia, Australia, South Korea, Brazil, Rest of Asia Pacific) Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of ph adjuster is estimated at USD 1.4 billion.

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. The boom in cosmetic industry and other end-user industry will boost the market growth.

North America industry is set to account for largest revenue share by 2036, as high disposable income in the region has prompted the population to adopt pH adjuster for better results.

The major players in the market are Air Products and Chemicals, Inc., Ashland Inc., LANXESS AG, Kemira Oyj, Wacker Chemie AG, National Aluminium Company Limited (NALCO), The Dow Chemical Company, OKCHEM, Buckman, Spectrum Laboratory Products, Inc. and others.

ph Adjuster Market Trends