Press release
Buffering Agents Market Set for 5.1% CAGR Through 2023-2033 with a US$ 226.8 Million
The market for buffering agents is anticipated to witness significant growth driven by increased industrial applications, expansion in the pharmaceutical and healthcare sectors, and rising demand for processed food and beverages. Buffering agents play a crucial role in maintaining the pH balance of solutions by resisting changes in acidity or alkalinity. They find widespread application across various industries such as pharmaceuticals, food and beverage, agriculture, and water treatment.
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From Soil Treatment to Water Purification: The Diverse Applications of Buffering Agents
Buffering agents are widely employed in drug formulations in the pharmaceutical industry to maintain medicine stability and effectiveness. The growing worldwide population, combined with an increase in the prevalence of chronic diseases, is driving demand for pharmaceutical products and fueling market expansion for buffering agents.
The food and beverage sector is experiencing an increase in demand for processed and convenience foods, which necessitate buffering agents for flavor improvement, preservation, and stabilization. Consumer desire for ready-to-eat meals and beverages is accelerating buffering agents market expansion.
To boost crop output and quality, the agricultural sector is using buffering agents for soil treatment and irrigation. Buffering agents are used in the water treatment industry to maintain the pH equilibrium in water bodies, ensuring safe and clean water for a variety of applications.
Key Companies Profiled in this report
Interim
Taiwan Hopax Chemicals
ANGUS Chemical Company
FBC Industries. Inc
U.S. Borax
Indu Chem Trade
PARTH INDUSTRIES
YONEYAMA KAGAKU KOGYO KAISHA, LTD
OASIS FINE CHEM
Akash Purochem Private Limited
PARI CHEMICALS
Advance Inorganics
Shanghai Chemex
Foodchem International Corporation
Silmaco
Buffering Agents Business: North America, Europe, and Asia Pacific - Regional Dynamics and Market Outlook
In terms of market dominance and growth potential, the buffering agents market exhibits geographical variances. With their well-established pharmaceutical and food processing sectors, North America and Europe are projected to lead the buffering agents business.
Due to fast industrialization, a developing healthcare sector, and rising consumer demand for processed foods and beverages, Asia Pacific offers considerable growth potential. Other regions, such as Latin America, the Middle East and Africa, also contribute to the buffering agents industry due to increased industrialization and the need for water treatment solutions.
Regional market trends reflect each region's application areas and industry landscapes.
Key Takeaways
The potassium phosphate segment in the product type category is to develop at a CAGR of 5.3% from 2023 to 2033.
In the end-use category, the food & beverage segment is to evolve at a CAGR of 5.7% between 2023 and 2033.
The buffering agents market (완충제 시장) in the United States is expected to hit US$ 72 million by 2033, capturing a CAGR of 5.2%.
The buffering agent sales in the United Kingdom are expected to reach US$ 12.9 million by 2033, evolving at a CAGR of 4.9%.
Chinese buffering agents business may hit US$ 39.2 million by 2033, developing at a CAGR of 5.7%.
South Korea's buffering agents industry is expected to reach US$ 8.2 million by 2033, increasing at a CAGR of 3.7%.
Japanese buffering agents business may reach US$ 3.9 million by 2033, expanding at a CAGR of 1.1%.
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Winning Strategy
The buffering agents market is competitive. Several significant buffering agents competitors are present in the market, offering a diverse range of buffering agents and solutions. To achieve a competitive advantage in the market, buffering agents industry players compete on product quality, innovation, pricing, and customer connections.
Key Segments (Markt für Puffermittel)
By Product Type:
Potassium Phosphate
Sodium Phosphate
Potassium Tetraborate
Sodium Diacetate
Sodium Silicate
Sodium Citrate
Others
By End-use Industry:
Pharmaceutical
Agricultural
Textile
Chemical
Food & Beverage
Personal Care and Cosmetics
Water Treatment Industry
Others
By Region:
North America
Latin America
Europe
APAC
The Middle East and Africa
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