The carbomer market size is predicted to reach USD 1,022.9 million by 2028 and exhibit a CAGR of 5.8% during the projected period. Fortune Business InsightsTM has presented this information in its report titled, “Carbomer market 2024-2029”. The market stood at USD 660.2 million in 2020 and USD 687.1 million in 2021. Carbomers are cross-linked acrylic acid polymers with a high molecular weight. It is polymerized using solutions, such as benzene and ethyl acetate, as well as cross-linking agents such as polyallyl sucrose and pentaerythritol polyallylether.
Segments-
On the basis of type, the market is divided into carbomer 940, carbomer 934, carbomer 980, and others. On the basis of application, the market is segmented into pharmaceutical industry, personal care and cosmetics, and others. Geographically, the market is classified into Latin America, Asia Pacific, North America, Europe, the Middle East & Africa.
Report Coverage-
The research report provides a comprehensive analysis of the market, focusing on critical factors such as types, applications, and leading companies. It also provides market analysis, insights into market trends, quantitative data in terms of volume and value, market research methodology, and highlights critical industry developments and the competitive landscape. In addition to the factors mentioned above, the report includes a number of other factors that contributed to the market’s growth in recent years.
Drivers & Restraints-
Market Growth will be Fueled by Increasing Demand from Pharmaceutical Industry
The pharmaceutical industry’s increasing adoption will boost the market growth. Factors such as rising consumer health consciousness and rapid infrastructure development in the healthcare industry have boosted the pharmaceutical industry globally. Such factors contributed to an increase in product demand in the pharmaceutical industry. High adhesion, bioavailability, sustained-release properties, and permanent suspension are all features of the product. As a result, it is an ideal component for drug delivery gel systems and is appropriate for oral, ophthalmology, rectal drugs, intestinal, vaginal, and nasal product applications. The government policies imposed on benzene polymerized carbomer to minimize its use in the pharmaceutical industry are restricting the carbomer market growth.
Regional Insights-
Asia Pacific to be a Dominant Region of Global Market
In 2020, the Asia Pacific carbomer market share was valued at USD 258.4 million. China dominates the regional market, owing to increased product consumption across all end-use industries. The increase is attributed to the growing population, rising consumer healthcare spending, and favorable government regulations.
The U.S. is the largest consumer in North America. The rapid expansion of the healthcare industry, combined with increased R&D activities, has fueled the market growth.
Consumers’ increased online purchases of cosmetic products will boost product adoption in this region. Over the years, the presence of large-scale manufacturers such as Unilever, Estée Lauder, and L’Oréal in Europe has created a healthy competition in the regional cosmetics industry.
Customers in Latin America have become more aware of the advantages of cosmetic and pharmaceutical products. The region’s steadily growing consumer urge for a healthy lifestyle has presented a concrete roadmap for both domestic and foreign players to put more money into the domestic cosmetics industry.
Since certain product grades are accepted as halal-certified cosmetic ingredients, wherein the increasing adoption of halal personal care products in the Middle East and Africa is driving the market growth.
Source- https://www.fortunebusinessinsights.com/carbomer-market-102999
Competitive Landscape-
Lubrizol, Tinci Materials, Evonik Industries, and DX Chemicals are among the market’s major players. Lubrizol is a global specialty chemical company with operations in over 100 countries. It provides products and services to a variety of industries, including beauty and personal care, pharmaceuticals, energy solutions, homecare, lubricants, and water treatment.
Industry Development-
July 2021: The Lubrizol Corporation made an investment of more than USD 25 million in its Calvert City, Kentucky manufacturing facility. Carbopol polymers and pemulen polymeric emulsifiers are manufactured at this facility. This investment will allow the company to increase production capacity and upgrade infrastructure at its Calvert City facility while continuously improving safety and quality.
List of Key Market Players:
- Lubrizol (U.S.)
- Tinci Materials (China)
- SNF Floerger (France)
- Evonik Industries (Germany)
- Sumitomo Seika (Japan)
- Newman Fine Chemicals (China)
- Corel Pharmachem (India)
- DX Chemicals (China)
- Maruti Chemicals (India)
- Amnem (India)
Market Scope of the Report:
The market estimates presented in the report result from a comprehensive research approach involving various research channels such as primary research, secondary research, and subject-matter expert consultations. These market estimates consider the influence of existing market dynamics and a range of economic, social, and political factors on the Carbomer Market. Additionally, the market data is shaped by regulations, government expenditures, and advancements in research and development. Both positive and negative market changes are factored into these estimations. Research analysis presents estimations of growth, size, and projections for each market segment, accompanied by trends and forecasts based on revenue (in USD million). This report encompasses historical, current, and prospective analyses and appraisals for the Carbomer Market. Published
Market Segmentation:
The study offers detailed segmentation of the global Carbomer market based on Type, End User, and region. The report provides in-depth discussions of these segments and their sub-divisions, supported by tables and figures. Market players and investors can strategize their approaches based on the high-revenue and rapidly growing segments highlighted in the report.
Research Approach:
The report incorporates primary information collected directly from key stakeholders through quantitative and qualitative analyses utilizing the Porter Five Force model’s parameters. The report emphasizes macroeconomic indicators, trends within the parent market, and growth drivers. A comprehensive understanding of the market is achieved through both primary and secondary research. Rigorous checks were performed on the data used in the report to ensure its authenticity and quality. The credibility of evaluations and market segments is established using both bottom-up and top-down methodologies.
Key Inquiries Addressed in the Carbomer Market:
- What is the global market size for the Carbomer market?
- Which screen size is most preferred by Carbomer consumers?
- What distribution channel is preferred by Carbomer manufacturers?
- Which age group is the target for Carbomer manufacturers?
- What factors drive or hinder market growth, and how do these factors impact the market?
- How do regulations affect the growth of the Carbomer market?
- Which region or country leads in market growth?
- How will emerging Carbomer markets perform in the coming years, and how will consumption patterns evolve?