Global Carbomer Market Report and Forecast 2024-2032

Global Carbomer Market Outlook

The global carbomer market reached a value of more than USD 906.02 million in 2023. The industry is further expected to grow at a CAGR of 6.54% in the forecast period of 2024-2032 to reach a value of above USD 1,603.13 million by 2032.

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The Asia Pacific Accounts for a Significant Share of the Market for Carbomer

The Asia Pacific holds a significant share of the carbomer industry owing to the rising end-uses of carbomer. The increasing research and development (R&D) activities in the Asia Pacific are surging the utilisation of carbomers in pharmaceuticals, personal care products, cosmetics, and home care products, hence driving the market growth. As the pharmaceutical and cosmetic industries are witnessing robust growth, the demand for carbomer in countries such as China, Japan, and India, among others, is growing, which is providing impetus to the market growth. Meanwhile, the demand for carbomer in North America is increasing considerably due to the robust growth of the cosmetics and personal care industry in the region, which is significantly contributing to the growth of the overall market.

Carbomer: Market Segmentation

A carbomer is an acrylic acid homopolymer that is cross-linked or bonded with one of many polyalcohol allyl ethers. The chemical usually appears as a white powder and is employed as a thickening and emulsion stabiliser. It is well recognised for its use in the cosmetics industry and also finds its applications in medicine and hygiene. It is obtained by the synthesis of potassium persulfate or azobisisobutyronitrile (AIBN) and is used in producing polyacrylic acid sodium salt. The polymer finds applications in agriculture, personal care, electronics, automobile manufacture, and construction, among others.

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The major physical shapes of carbomer are:

• Powder
• Liquid
• Others

Based on the manufacturing method, the market is bifurcated into:

• Free Radical Polymerisation
• Others

On the basis of type, the market is divided into:

• Carbomer 940
• Carbomer 980
• Carbomer 676
• Carbomer U20
• Carbomer U21
• Carbomer SF-1
• Others

The leading applications of the industry are:

• Personal Care and Cosmetics
• Pharmaceutical Industry
• Others

The EMR report looks into the regional markets of carbomer like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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Increasing Demand for Carbomer in Personal Care and Cosmetics Industry Augmenting the Market Growth

The increasing use of carbomers in personal care and cosmetics products to maintain their stability is augmenting the market growth. The significant rise in demand for sunscreen, exfoliators, masks, skin-tone correctors, anti-ageing, and skin-lightening creams, among others, is propelling the growth of the carbomers industry. With the growing consumer demand for anti-ageing, skin-lightening, and brightening skincare products, the use of carbomer is increasing, thereby invigorating the market growth. Moreover, the development and manufacture of novel products containing active ingredients that are tailored to the specific skin types of consumers are anticipated to fuel the market for carbomer in upcoming years.

The extensive uses of carbomers in the pharmaceutical sector are fuelling the growth of the market. As acrylic acid polymers provide functionality to pharmaceutical ingredients, the market for carbomer is witnessing robust growth. With the rising demand for hand sanitisers, vitamin capsules, and other major medicines, in the wake of the COVID-19 crisis, the demand for carbomers is surging, thereby augmenting the growth of the market. Moreover, the increasing disposable incomes are surging the demand for personal care products, which is providing lucrative growth opportunities to the market for carbomers.

Key Industry Players in the Global Carbomer Market

The report gives a detailed analysis of the following key players in the global carbomer market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• The Lubrizol Corporation
• Guangzhou Tinci Materials Technology Co., Ltd.
• SNF (UK) Ltd
• Anhui Newman Fine Chemicals Co., Ltd.
• Evonik Industries AG
• Sumitomo Seika Chemicals Co., Ltd.
• Corel Pharma Chem.
• Guangzhou DX Chemical Co.
• Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report