Global Buffering Agents Market: Introduction
Buffering agents are produced and designed to adjust and maintain pH of water or chemical formulation to a specific range, usually to a neutral range (near 7). Further, the primary function of agricultural buffering agents is to mitigate the alkaline hydrolysis of pesticides utilized in agricultural fields due to higher pH water. Another function of buffering agents is to maintain a pH range suitable for specific pesticides.
Further, biotechnology has enabled the commercialization of protein-based drugs, including antibodies, insulin, and growth factors. Production and purification of such biologic products require different buffering agents for pH stabilization and control of reactions in different steps during the production process. Additionally, in the textile industry, cotton are bleached with hydrogen peroxide solutions. These solutions can be stabilized by using buffering agents, such as sodium metaborate. Subsequently, the aim of the study is to analyze the most recent trends, dynamics, and potential strategies in the global buffering agents market.
Global Buffering Agents Market: Dynamics
The pharmaceutical industry is expanding at a rapid pace which will likely to positively impact the buffering agents market. According to the government data, global expenses for drugs will amount to more than US$ 2.0 trillion valued market by the end of the forecast period. Subsequently, expanding manufacturing activities will increase the consumption of buffering agents. Moreover, at a macro level, the global population is increasing significantly per year and ageing at the same time and thereby, supporting the demand for buffering agents. Traditional buffering agents such as phosphate, citrate, and borate have some disadvantages when used in biological or complex systems due to poor buffering capacity.
In addition, agricultural production has grown strongly across the world and attributed significantly to the surge in demand for buffering agents. Beyond the traditional risks that affect the consumption of buffering agents in the agricultural industry, there are increasing uncertainties regarding agricultural trade policies and apprehensions about the leeway of rising protectionism globally. Therefore, agricultural trade plays an important role in ensuring food security, underscoring the need for an enabling trade policy environment. Aforementioned factors are speculated to impede the demand for buffering agents in the near term.
Global Buffering Agents Market: Segments
The global buffering agents market can be segmented on the basis of product type, end-use industry, and region
On the basis of product type, the global buffering agents market can be segmented as:
- Mineral Buffering Agent
- Other Mineral Buffers
- Organic Buffering Agent
- Diethanolamine (DEA)
On the basis of end-use industry, the global buffering agents market can be segmented as:
- Wastewater Treatment
- Food & Beverage
Global Buffering Agents Market: Regional Outlook
Much of the stimulus to the demand for buffering agents in the last few years generated from rising household and per capita incomes in India and China, which stimulated the regional demand for agricultural products. Additional feedstock demand for biofuels mainly from blending mandates in economies, such as South Africa, India, and ASEAN etc. also attributes to the demand for buffering agents. Additionally, much of the additional food demand and buffering agents’ consumption will originate in regions with high population growth such as North Africa, Sub-Saharan Africa, and the Middle East.
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By contrast, consumption growth for buffering agents in Western Europe is expected to remain lower due to stable production growth for agricultural products. However, in pharmaceutical applications, the demand for buffering agents in the region is set to grow at a reasonable growth rate. Moreover, growth in the retail industry to forge ahead the demand for buffering agents across the globe.
Global Buffering Agents Market: Key Participants
List of some of the prominent market participants in the global buffering agents market discerned across the value chain include:
- Pinnacle Agriculture Distribution, Inc.
- Thermo Fisher Scientific Inc.
- Taiwan Hopax Chemicals Mfg. Co., Ltd
- ANGUS Chemical Company
- FBC Industries, Inc.
- S. Borax
- Wilbur-Ellis Company LLC
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