According to The Insight Partners' research, the South & Central America pH buffer solution market was valued at US$ 65.87 million in 2023 and is expected to reach US$ 89.19 million by 2031, registering a CAGR of 3.9% from 2023 to 2031. Rising demand from personal care industry and strong growth of pharmaceutical industry are among the critical factors attributed to drive the South & Central America pH buffer solution market.
The demand for personal care products is increasing remarkably with the changing lifestyles of people, rising disposable income, increasing number of working professionals, and rising focus on personal grooming. Moreover, the rising impact of social media and celebrities on people's lifestyles drives the demand for various skincare, haircare, and fragrance products. Individuals follow skincare and haircare regimes and use specialized products that help them achieve youthful skin and luscious, beautiful hair.
The pH buffer solution prevents the products from becoming too acidic or alkaline, which might cause skin irritations. For example, soap has a naturally high PH, which is typically buffered to a pH of ~5.5, which is the skin's natural PH. Similarly, citric acid and sodium citrate are commonly used as buffers to maintain slightly acidic PH, which works against the natural alkalinity of the detergents in shampoo that might result in scalp burn. pH buffer solution in baby lotions prevents the growth of bacteria and nappy rush. It is an important precursor for manufacturing personal care and cosmetic products. Thus, the increasing utilization of pH buffer solutions in the personal care industry is expected to bring new trends in the pH buffer solution market growth during the forecast period.
On the contrary, fluctuation of raw material prices hampers the growth of South & Central America pH buffer solution market.
Based on product type, the South & Central America pH buffer solution market is segmented into acidic buffer solution, basic buffer solution, and neutral buffer solution. The acidic buffer solution segment held 45.5% market share in 2023, amassing US$ 30.00 million. It is projected to garner US$ 41.13 million by 2031 to register 4.0% CAGR during 2023-2031.
By application, the South & Central America pH buffer solution market is segmented into laboratory, personal care and cosmetic, textile, food and beverages, pharmaceuticals, electroplating, paper manufacturing, and others. The laboratory segment held 42.8% share of South & Central America pH buffer solution market in 2023, amassing US$ 28.18 million. It is projected to garner US$ 39.60 million by 2031 to expand at 4.3% CAGR from 2023 to 2031.
Based on country, the South & Central America pH buffer solution market is categorized into Brazil, Argentina, and the Rest of South & Central America. Our regional analysis states that Brazil captured 61.8% share of South & Central America pH buffer solution market in 2023. It was assessed at US$ 40.73 million in 2023 and is likely to hit US$ 57.36 million by 2031, registering a CAGR of 4.4% during 2023 to 2031.
Key players operating in pH buffer solution market are Hamilton Co; Finetech Research and Innovation Corporation; FUJIFILM Holdings Corp; Hanna Instruments, Inc.; Bante Instruments Co., Ltd; HACH Company; Thermo Fisher Scientific Inc.; Sensorex s.r.o; Horiba Ltd; Mettler-Toledo International Inc; RICCA Chemical Company; YSI Inc; Automated Water and Effluent Ltd; Otto Chemie Pvt. Ltd.; and Sentek Ltd, among others.
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