Tromethamine is a weak organic base containing both hydroxyl and amine functional groups. Owing to its excellent buffering capacity, emulsion stability, antimicrobial activity and improved particle size distribution, it is used as a buffering agent, emulsifying agent, and as a fragrance ingredient in cosmetic and personal care products.
Apart from this, the use of tromethamine enables effective removal of makeup from skin and lowers critical micelle concentration and surface tension of solutions such as salts of stearic, myristic, and lauric acids, which are often found in cosmetic and personal care products. This chemical agent also finds application in pharmaceutical and textile industries.
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This is set to drive the global tromethamine market on an upward growth trajectory over the next few years. It will manifest itself as higher market worth and larger number of untapped opportunities for market players.
It is pertinent to note here that global tromethamine market is fragmented. Some of the prominent players in the Market include HOPAX (Taiwan), Hy-Gro Chemicals Pharmtek Pvt.Ltd. (India), Tokyo Chemical Industry Co., Ltd. (Japan), BioSpectra, Inc. (US), and FARMAK, a.s. (Czech Republic).
Region-wise, East Asia, South Asia & Oceania have emerged as the fastest-growing markets owing to expanding upper-middle class, growing geriatric population, and an increasing disposable income. Increasing penetration of international cosmetics & personal care brands such as L’oreal, Revlon, Bobbi Brown, MAC, and others is projected to drive demand for Tromethamine over the coming years.
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It is pertinent to note here that the regional market in North America is projected to witness a high demand for Tromethamine due to the presence of notable players in pharmaceutical and personal care space owing to high spending capacity, rapidly ageing population, and sharp focus on appearance. This will help the region account for a large share of the global tromethamine market over the coming few years.