Carbomer Market: Global Industry Analysis and Forecast

Carbomer Market Definition:

Carbomers are the polymers with high molecular weight crosslinked with acrylic acid polymers. These are polymerized with various solutions such as benzene and ethyl acetate and pentaerythritol polyallylether and polyallyl sucrose as a crosslinking agent. The demand for these products is increasing, as they are offering various types of characteristics such as mucilage clarity, relative viscosity, flow characteristics, suspending ability, shear tolerance varies and relative ion varies. Due to these properties these products are used in various sectors which is increasing the demand foe the Carbomer Market Through the forecast period.

 

Further, the Carbomer Market is segmented by Type, 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 cosmetic Industry and 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 Million).

 

 

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Carbomer Market Dynamics:

The increase in innovation and new technologies to manufacture various types of products in different industries such as cosmetics personal care and pharmaceutical products by major companies is supporting the demand for the market through the forecast period. Thus, the growth of these industries is expected to fuel the demand for the market. The Government regulations and restriction during the COVID 19 period has hampered the market growth as production of carbomer products was stopped and various supply chains are disturbed. But post-COVID 19 results are expected to significantly increase the pace of the market sales through the forecast period. Moreover, rapid growth in health care products and hand sanitisers during the lockdown period has increased the demand for the Carbomer Market. However, various governments and their economies are trying to cope with situations that happened during COVID 19 period and the Market is expected to recover through the forecast period.

 

An increase in the personal care industry is driving the market through the forecast period. The increase in disposable incomes and purchasing power as well as the impact of beauty products on human behaviour, on personal life driving the market. Additionally, consumer attraction toward the latest trends and increased focus on luxurious brands increase product adoption. Carbomer polymers offer various features which help the products in improving viscosity, and consistency in the flow of cosmetics, which gives smooth and silky texture to the cosmetic products. Moreover, carbomers are used as a suspending agent that binds tiny particles such as essential oils and exfoliates and gives a soft texture to the cosmetic products thus these can be applied to the skin without any effort. Thus, a surge in the innovation of skin care products is likely to give many opportunities to various key players.

 

The rise in demand for pharmaceutical products is expected to increase the market growth through the forecast period. The increase in awareness about health care and health consciousness fuelled the demand for pharmaceutical products and also a surge in research and development in the health care sector to innovate new products driving the market through the forecast period. Many pharmaceutical products are gel type thus, the Carbomer polymer helps in maintaining the structure by offering high adhesion, permanent suspension and sustained-release characteristics. Thus, it makes the product ideal and suitable for ophthalmology, nasal, oral, and rectal drugs. Moreover, increasing demand from hospitals led various manufacturers to use carbomers for pharmaceutical purposes. These factors are driving the growth of the Carbomer Market Through the forecast period.

 

The government regulations for using benzene polymerized carbomer in the pharmaceutical industry are stringent. Thus, it is expected to hinder the market growth through the forecast period. As benzene contains carcinogens it can cause various diseases such as leukaemia and other blood-related diseases. These factors led the manufacturers to use different alternative methods by replacing benzene polymers. Thus, the rise in the cost of manufacturing and harmful effects on humans are expected to hinder the market growth through the forecast period.

 

Carbomer Market Segment Analysis:

By Type, the carbomer market is classified into carbomer 940, carbomer 980, carbomer 934 and others. The Others segment is expected to dominate the market through the forecast period. And it holds the largest market share. The other segment includes various types of polymers such as U-20, 981, U-21, 340, 341, 381, 380, 396, 640, 676, 141, 140 and several others. These products have several different characteristics and applications in personal care and cosmetic products. Carbomer 940 offers excellent features such as high viscosity, thickening, and larger suspending performance in less dose. These features increase the demand for rheology modifiers in the personal care industry. These factors drive the market growth through the forecast period.

 

The Carbomer 980 segment is expected to grow at a faster pace through the forecast period. As Carbomer 980 has various applications which include bath gels, hair styling gels, hand lotions, face lotions and body lotions. The increase in the use of thickening agents in various types of products increases the demand for Carbomer 980 polymer. Carbomer 934 polymer provides creamy sensory qualities to the product thus, preferred as a rheology modifier in lotions and cosmetic creams.  

 

 

By Application, the Carbomer Market is segmented into personal care and cosmetics, pharmaceuticals and others. The personal care and cosmetic industry dominated the market. And it is expected to dominate the market through the forecast period. One of the major reasons for driving the market is carbomers have various types of applications in the cosmetics industry. In personal care and cosmetics production, carbomers are used as the thickening agent and emulsifier. The pharmaceutical segment is also significantly growing through the forecast period.

 

Carbomer Market Regional Insights:

The Asia Pacific region is expected to dominate the market through the forecast period. And it held the 258.4 Million market share in recent years. And it is expected to grow at the highest CAGR through the forecast period. China acquires the largest market share in the Asia Pacific region. Due to an increase in demand from End-use industries. Favourable government regulations, a rise in population in developing countries, and a surge in purchasing powers of consumers resulted in the growth of the market. Increasing investment by developing countries like India to develop the infrastructure for manufacturers fuels the demand for the market. North America is one of the leading consumers of carbomer products and their applications.

 

Carbomer Market Key Players Insights:

The market is characterized by the existence of a number of well-known firms. These companies control a large portion of the market, have a wide product portfolio, and have a global presence. In addition, the market comprises small to mid-sized competitors that sell a limited variety of items, some of which are self-publishing organizations.

 

The market's major companies have a significant impact because most of them have extensive global networks through which they can reach their massive client bases. To drive revenue growth and strengthen their positions in the global market, key players in the market, particularly in North America and Europe, are focusing on strategic initiatives such as acquisitions, new collection launches, and partnerships.

 

The objective of the report is to present a comprehensive analysis of the Global Carbomer Market to the stakeholders in the industry. The report provides trends that are most dominant in the Global 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 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 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 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 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 Carbomer Market. The report also analyses if the Global 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 Carbomer Market. Economic variables aid in the analysis of economic performance drivers that have an impact on the Global Carbomer Market. Understanding the impact of the surrounding environment and the influence of environmental concerns on the Global Carbomer Market is aided by legal factors.

 

Carbomer Market Scope:

Carbomer Market
Market Size in 2023	USD 765.09 Mn.
Market Size in 2030	USD 1120.37 Mn.
CAGR (2024-2030)	5.6 Percent
Historic Data	2018-2022
Base Year	2023
Forecast Period	2024-2030
Segment Scope	by Type Carbomer 940 Carbomer 980 Carbomer 934 others
	By Application Personal care and cosmetic Industry Pharmaceutical Industry
Regional Scope	North America- United States, Canada, and Mexico Europe – UK, France, Germany, Italy, Spain, Sweden, Austria, and Rest of Europe Asia Pacific – China, India, Japan, South Korea, Australia, ASEAN, Rest of APAC Middle East and Africa - South Africa, GCC, Egypt, Nigeria, Rest of the Middle East and Africa South America – Brazil, Argentina, Rest of South America

 

Carbomer Market Key Players: 

• SUMITOMO SEIKA CHEMICALS CO. LTD.
• Amnem
• SINOWAY INDUSTRIAL CO. LTD
• Yucheng Jinhe Industrial Co. Ltd
• QINGDAO YINUOXIN NEW MATERIAL CO. LTD
• Anhui Newman Fine Chemicals Co. Ltd.
• Evonik Industries AG
• The Lubrizol Corporation
• Maruti Chemicals
• Ashland