Potential Hydrogen (pH) Adjusters Global Market Report 2024

The global potential hydrogen (ph) adjusters market has grown strongly in recent years. It will grow from $3.27 billion in 2023 to $3.55 billion in 2024 at a compound annual growth rate (CAGR) of 8.6%. The expansion observed in the historical period can be credited to demands within water treatment, agricultural methods, industrial operations, personal care and beauty products, heightened utilization in healthcare sectors, rising environmental consciousness, and the demands of the food and beverage industry.

The global potential hydrogen (ph) adjusters market is expected to see strong growth in the next few years. It will grow to $4.89 billion in 2028 at a compound annual growth rate (CAGR) of 8.3%. The anticipated expansion in the upcoming period is driven by the need for eco-friendly products, heightened worries about water scarcity, increasingly strict regulatory requirements, the burgeoning scope of industrial operations, the integration of renewable energy solutions, tailored product formulations, and the globalization of markets. Key trends in this projected period encompass advancements in pH adjustment technologies, the amplifying influence of stringent regulations on adoption rates, expanding applications in agriculture, the surge in biotechnology and pharmaceutical sectors, heightened utilization in pool and spa maintenance, the pervasive impact of digitalization and automation, and ongoing research and development efforts focused on pH control technologies.

he surge in beauty product consumption is bolstering the potential hydrogen (pH) adjusters market's growth trajectory. Beauty products encompass skincare, personal care, fragrances, hair care, color cosmetics, and similar items aimed at enhancing one's appearance. pH adjusters play a pivotal role in maintaining the stability and safety of these formulations. As per Zippia, Inc.'s data in 2022, the annual cosmetics sales in the US totaled approximately $49.2 billion, with individuals spending an average of $244 to $313 per month on cosmetics. Notably, sales figures for eye and face cosmetics reached nearly $1.96 billion and $1.9 billion, respectively, in 2020. Hence, the increased demand for beauty products is poised to drive the growth of the pH adjusters market.

Urbanization's upward trend is anticipated to propel the potential hydrogen (pH) adjuster market forward. Urbanization denotes the continual expansion and growth of cities, often involving the migration of individuals from rural to urban areas. pH adjusters contribute significantly to urbanization by offering sustainable solutions for clean energy production, fostering eco-friendly urban landscapes, and curbing carbon emissions. According to the World Economic Forum's April 2022 report, over 4.3 billion people, constituting 55% of the global populace, resided in urban settings, with projections indicating a potential surge to 80% by 2050. Thus, the burgeoning urbanization wave stands as a driving force behind the pH adjuster market's growth.

Collaborations emerge as a prominent trend within the potential hydrogen (pH) adjusters market. Entities are actively partnering with pH adjuster manufacturers to capitalize on synergies and expand their foothold in new markets. Notably, in August 2022, ABB Ltd., a Swedish automation firm, extended its collaboration with Hydrogen Optimized to explore large-scale green hydrogen production systems. This strategic partnership targets the development of systems for decarbonizing industries reliant on hard-to-abate processes, catering to critical energy, metal, and transportation needs. Hydrogen Optimized, a Canadian green energy company, specializes in groundbreaking high-power water electrolyzers for large-scale clean hydrogen production.

In October 2023, the American Chemistry Council (ACC) forged a partnership with the Department of Energy to launch seven regional clean hydrogen hubs. The Regional Clean Hydrogen Hubs Program (H2Hubs) boasts an allocation of up to $7 billion to establish six to ten regional clean hydrogen hubs nationwide. These hubs aim to create interconnected networks among hydrogen producers, consumers, and local infrastructure, expediting hydrogen's adoption as a clean energy carrier capable of storing immense amounts of energy. The Department of Energy, a US government agency focused on advancing the nation's energy and nuclear security, spearheads this initiative.

In April 2021, Azelis, a Belgium-headquartered specialist in distributing specialty chemicals and food ingredients, completed the acquisition of Spectrum Chemicals and Nortons Exim Private Limited (Spectrum), both Indian-based companies involved in supplying, distributing, and importing specialty chemicals across various sectors like home care, road applications, agrochemicals, and more. The specifics of the transaction amount were not disclosed. This strategic acquisition empowers Azelis to expand its technical capacities in India significantly. It includes the addition of an agrochemicals laboratory alongside existing facilities, catering to the specific needs of local clients in the personal care and food industries.

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.

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. The countries covered in the potential hydrogen (ph) adjusters market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The primary categories of pH adjusters encompass adjuvants, soil treatments, aglime, and gypsum. Adjuvants, specifically, play a role in enhancing the immune system's response to antigens. These pH adjustment solutions are utilized across diverse sectors like agriculture, pharmaceuticals, cosmetics, personal care, and textiles.

This report provides potential hydrogen (pH) adjusters market statistics, including potential hydrogen (pH) adjusters industry global market size, regional shares, competitors with a potential hydrogen (pH) adjusters market share, detailed potential hydrogen (pH) adjusters market segments, market trends and opportunities, and any further data you may need to thrive in the potential hydrogen (pH) adjusters industry. This potential hydrogen (pH) adjusters market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The potential hydrogen (pH) adjusters market consists of sales of agricultural adjuvants. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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