North America Carbomer Market: Industry Analysis and Forecast (2024-2030)

North America Carbomer Market Definition:

Carbomers are a family of cross-linked acrylic acid polymers and are used in various types of sectors such as cosmetics, pharmaceutical and healthcare industries. In addition, they are used in personal care items, institutional and industrial products, and household products. These several applications fuel the demand for the North America Carbomer Market through the forecast period.

 

Further, the North America Carbomer Market is segmented By Application, and geography. On the basis of Type, the Carbomer Market is segmented under Carbomer 940, Carbomer 980, Carbomer 934. Based on the Application, the Carbomer Market is segmented under personal care and cosmetics Industry, pharmaceutical Industry. By geography, the market covers the following Regions: North America, Europe, Asia-Pacific, South America, and Middle East & Africa. For each segment, the market sizing and forecasts have been done on the basis of value (in USD Billion).

 

 

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North America Carbomer Market Dynamics:

The US is one of the leading consumers of the Carbomer Products in North America. The Increase in awareness about health care due to the rise in the health care industry as well as increasing in investment by governments to manufacture new products through research and development driving the North America Carbomer Market through the forecast period. Moreover, developments in online channels thus, the emergence of various new websites for online shopping and developments in e-commerce industries fuelling the demand for the market through the forecast period. Pharmaceuticals are one of the major industries in which carbomers are used. Moreover, North America is expected to lead the pharmaceutical sales in 2022 with 634 Bn. which further drives the Carbomer Market through the forecast period. 

 

The Carbomer polymer has various applications in the cosmetic industry, it is used as a thickening agent in gel-based products such as face lotion, and hand lotion. Moreover, it is widely used in personal care products. The North America Beauty and personal care products market is expected to increase at a 2% CAGR through the forecast period. Thus, fuelling the demand for the North America Carbomer Market through the forecast period. Moreover, Personal care and beauty products are gaining demand in the US market due to the emergence of various small local players, increasing purchasing power of consumers and driving the market through the forecast period. Also increase in demand for sunscreen, skin tone correctors, exfoliators, anti-ageing and skin lightening creams are the factors fuelling the demand for the market.

 

An increase in demand for skin lightening and anti-ageing and various types of skin care products and an increase in ageing in the population are also the key factors for the growth of the market. The development in technologies to manufacture new and innovative products with an active ingredient which cope with the consumer's specific requirement driving the market. Carbomers are widely used for building the viscosity of the gel-based products. Carbomers are used as phase thickeners in various products. The major applications of carbomers are their ability to produce high yield value to formulations. Thus, they are used in skin products to make the surface clean and hold the bonds together to give structure like semisolid liquid. These factors are driving the North America Carbomer Market Through the forecast period.

 

 North America Carbomer Market Segment Analysis:

By Type, The North America Carbomer Market is segmented into Carbomer 940, Carbomer 980, Carbomer 934 and others. The others segment is expected to dominate the market through the forecast period. The other segment includes Carbomers polymers such as 340, 341, 380, 381, 396, 396 and others. Carbomer 940 offers various properties such as high viscosity and higher suspending performance in a lower dose. The carbomer 980 segments are expected to grow at a faster pace through the forecast period. The popular uses of carbomer 980 are bath gels, moisturizing gels, body lotions, and hand lotions. The increasing demand for thickening agents in these products is supporting the demand for the market through the forecast period. The Carbomer 934 segment is widely used for rheology.  

 

 

By Application, The North America Carbomer Market is classified into personal care and cosmetics, pharmaceutical, and others. The personal care and cosmetics segment is expected to dominate the market through the forecast period. In personal care and cosmetics, carbomers are used as thickening agents to manufacture hair colour, shampoo, styling, and sun care lotion, the increasing purchasing power of consumers encourages the key market players to innovate various new products by investing in research and development. In the pharmaceutical industry, the products are majorly used for rheology as bioavailability enhancers, tablet binders, and mucoadhesive aids.

 

North America Carbomer Market Regional Insights:

Over the next few years, North America is likely to remain a very attractive market for vehicle Carbomer Market.  The growth of this market can be attributable to the United States' high per capita automobile ownership, as well as its high per capita income. Commercial vehicles, such as big trucks, as well as construction and agricultural machinery, are all popular in North America. The majority of the automobiles in this area have electro-hydraulic power steering.

 

Every new vehicle sold in Canada comes with power steering. Automobile manufacturers in the country are progressively offering vehicles with electric powertrains, as well as hybrid vehicles that combine electric and hydraulic powertrains. Canadian automakers are pioneering the development of game-changing automobile innovations.

 

North America Carbomer Market Key Players Insights:

The objective of the report is to present a comprehensive analysis of the Global North America Carbomer market to the stakeholders in the industry. The report provides trends that are most dominant in the Global North America Carbomer market and how these trends will influence new business investments and market development throughout the forecast period. The report also aids in the comprehension of the Global North America Carbomer Market dynamics and competitive structure of the market by analyzing market leaders, market followers, and regional players.

 

The qualitative and quantitative data provided in the Global North America Carbomer market report is to help understand which market segments, regions are expected to grow at higher rates, factors affecting the market, and key opportunity areas, which will drive the industry and market growth through the forecast period. The report also includes the competitive landscape of key players in the industry along with their recent developments in the Global North America Carbomer market. The report studies factors such as company size, market share, market growth, revenue, production volume, and profits of the key players in the Global North America Carbomer market.

 

The report provides Porter's Five Force Model, which helps in designing the business strategies in the market. The report helps in identifying how many rivals exist, who they are, and how their product quality is in the Global North America Carbomer market. The report also analyses if the Global North America Carbomer market is easy for a new player to gain a foothold in the market, do they enter or exit the market regularly, if the market is dominated by a few players, etc.

 

The report also includes a PESTEL Analysis, which aids in the development of company strategies. Political variables help in figuring out how much a government can influence the Global North America Carbomer market. Economic variables aid in the analysis of economic performance drivers that have an impact on the Global North America Carbomer market. Understanding the impact of the surrounding environment and the influence of environmental concerns on the Global North America Carbomer market is aided by legal factors.

 

North America Carbomer Market Scope:

North America Carbomer Market
Market Size in 2023	USD 312.57  Mn.
Market Size in 2030	USD 457.72 Mn.
CAGR (2024-2030)	5.6%
Historic Data	2018-2022
Base Year	2023
Forecast Period	2024-2030
Segment Scope	By Type Carbomer 940 Carbomer 980 Carbomer 934
	By Application Personal care and Cosmetics industry Pharmaceutical industry
	By Geography United States Mexico Canada

 

North America Carbomer Market Key Players:  

• The Lubrizol Corporation
• Ashland