Global Tris(Hydroxymethyl)Aminomethane Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Tris(Hydroxymethyl)Aminomethane Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Tris (Hydroxymethyl) Aminomethane is an organic substance with the chemical formula C4H11NO3, white crystalline particles. It can be used as a biological buffer; used to prepare buffers for gel electrophoresis; as an alkaline drug for the correction of acidosis. Tris (Hydroxymethyl) Aminomethane is called tromethamine or THAM in medical use.

Market Overview:

The latest research study on the global Tris(Hydroxymethyl)Aminomethane market finds that the global Tris(Hydroxymethyl)Aminomethane market reached a value of USD 268.85 million in 2022. It’s expected that the market will achieve USD 790.12 million by 2028, exhibiting a CAGR of 19.68% during the forecast period.

Impact of Russia and Ukraine War

The Russian-Ukrainian war has reshaped international energy costs on a global scale, hitting global supply chains, hindering the flow of goods, pushing up commodity prices and fueling inflation.

Russia is an important oil and gas exporter in the world. The export volume of oil is second only to Saudi Arabia and the United States, and the total proven reserves of natural gas resources rank first in the world. The outbreak of the Russian-Ukrainian war has affected the exploration and production of oil and gas resources, and the sanctions imposed by Europe and the United States on Russia have affected exports and transportation, and global risks and uncertainties have increased. The Russian-Ukrainian war led to an increase in crude oil and natural gas prices, which in turn led to an overall increase in commodity prices. Inflation rates remain high in various countries and prices are rising.

The raw materials of Tris(Hydroxymethyl)Aminomethane are mainly nitromethane and formaldehyde. The main raw materials of nitromethane and formaldehyde are natural gas. Therefore, under the influence of the Russian-Ukrainian war, Tris(Hydroxymethyl)Aminomethane faces the problems of rising raw material prices and rising energy costs.

The Development Of The Cosmetic Market Will Drive The Demand For Tris(Hydroxymethyl)Aminomethane To Rise

Tris(Hydroxymethyl)Aminomethane is a multifunctional additive for personal care applications. It is used as a neutralizer, buffer and stabilizer and provides rapid, effective and efficient neutralization. Cosmetics formulated with it featured demonstrable improvements in stability, emulsion quality and formulation aesthetics. With its primary amine functionality, water-solubility and mildness, Tris(Hydroxymethyl)Aminomethane is ideal for use as a buffer, solubilizer or neutralizer in: anti-perspirants and deodorants, facial cleansers, facial skin care, foundations and liquid makeup and so on. With the economic development, the rise of per capita GDP, and the improvement of people's living standards, the demand for various cosmetics including personal care products will drive the market expansion of Tris (Hydroxymethyl) Aminomethane.

Strict Industry Regulation

The production of tris(hydroxymethyl)aminomethane has a relatively high-risk factor. In the past few years, there have been some accidents in the production plant of tris(hydroxymethyl)aminomethane. Therefore, the production policy of the tris(hydroxymethyl)aminomethane industry is becoming more stringent, and it is expected that it may become more stringent in the future. Some manufacturers that fail to meet the requirements will be gradually eliminated. In addition, with the continuous development of the chemical industry and the improvement of the economic and technological level, the government and related organizations are paying more and more attention to environmental protection. The policies of the chemical industry will become more and more stringent, and the requirements for factory production and waste treatment will become higher and higher. This will also have an impact on the production of the tris(hydroxymethyl)aminomethane industry.
More effective oversight will give people more confidence in the safe use of commercial chemicals. Chemical control has the potential to protect worker and public health as it ensures relevant safety information is provided.

Region Overview:

In 2022, the share of the Tris(Hydroxymethyl)Aminomethane market in Americas stood at 46.6%.

Company Overview

ANGUS Chemical Company is one of the major players operating in the Tris(Hydroxymethyl)Aminomethane market, holding a share of 61.88% in 2022.

ANGUS Chemical Company

ANGUS Chemical Company is a global leader in specialty chemicals, dedicated to improving the quality of life through products and expertise that serve the most important industries in the world. Core chemicals include alkanolamines, amino alcohols, carbodiimides, nitroalkanes, nitroalkanes and nitroalkane derivatives, oxazolidines, oxazolines, etc. The company's products serve everything from architectural coatings, metalworking fluids and personal care products to biotechnology processing and pharmaceuticals.

Suzhou Yacoo Science Co.,Ltd

Suzhou Yacoo Science Co.,Ltd is a national high-tech enterprise integrating R&D, production, sales and service. It can provide customers with high-quality commissioned customization services and mass production services for scientific research products ranging from grams to tons. The company's business is led by in vitro diagnostic reagent raw materials, electrochemical new materials, biological buffers, and pharmaceutical intermediates.

Segmentation Overview:

As for product types, the 99.3%-99.9% segment held the largest market share in 2022.

Application Overview:

The market's largest segment by application is the segment Pharmaceutical, with a market share of 66.02% in 2022.

Key Companies in the global Tris(Hydroxymethyl)Aminomethane market covered in Chapter 3:

Suzhou Yacoo Science Co.,Ltd
Changzhou Welton Chemical Co., Ltd
ANGUS Chemical Company
Hopax
Wuhan Desheng Biochemical Technology
CHANGZHOU XINGHUI CHEMICAL CO.,LTD

In Chapter 4 and Chapter 14.2, on the basis of types, the Tris(Hydroxymethyl)Aminomethane market from 2018 to 2029 is primarily split into:

99.00%
99.3%-99.9%
Over 99.9%

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Tris(Hydroxymethyl)Aminomethane market from 2018 to 2029 covers:

Cosmetic
Pharmaceutical
Cleaners
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)