A Carbomer Market Forecasts to 2028 – Global Analysis By Product (Carbomer 980, Carbomer 941, Carbomer 940, Carbomer 934 and Other Products), Polymer Type (Copolymer, Homopolymer and Interpolymer), Source (Natural and Synthetic)

Carbomer Market Forecasts to 2028 – Global Analysis By Product (Carbomer 980, Carbomer 941, Carbomer 940, Carbomer 934 and Other Products), Polymer Type (Copolymer, Homopolymer and Interpolymer), Source (Natural and Synthetic), Application (Conditioning Agents, Dispersing Agents, Emulsifiers, Thickeners and Other Applications) and End User and By Geography

According to Stratistics MRC, the Global Carbomer Market is accounted for $767.2 million in 2022 and is expected to reach $1203.9 million by 2028 growing at a CAGR of 7.8% during the forecast period. A carbomer is a white fleecy substance that is employed as a thickening, emulsifier, and stabiliser in a variety of cosmetics products. This carbomer is composed of several acrylic acid polymers, the white powder of which is utilised in cosmetics and personal care goods being known as dry carbomer. Carbomer is essential in the cosmetic and personal care industries because it inhibits solids from converting to liquids, keeps emulsions from spreading, and regulates product flow homogeneity. These are classified based on their molecular weight.

According to ITC, the trade value of surface active, washing, and cleaning preparations stood at $14.4 billion as of 2018.

Market Dynamics:

Driver:

Increasing demand from pharmaceutical industry

The pharmaceutical industry's increasing adoption will drive market growth. Factors such as rapid infrastructure development in the healthcare industry and increased consumer health consciousness have fuelled the global pharmaceutical industry's growth. Such causes increased product demand in the pharmaceutical business. The product has bioavailability, excellent adherence, permanent suspension, and sustained-release qualities. This makes it a great component for drug delivery gel systems and appropriate for ophthalmic, oral, nasal, intestinal, rectal medications, and vaginal product applications.

Restraint:

Strict regulations

Government laws restricting the use of benzene polymerized carbomer in the pharmaceutical business are limiting market expansion. According to the Food and Drug Administration, benzene is a carcinogen that causes leukaemia and other blood illnesses in humans. Several hand sanitizers and aerosol pharmaceutical products have been recalled due to contamination. As a result of these causes, some manufacturers shifted to a different technique of product manufacturing, raising manufacturing costs.

Opportunity:

Rapidly growing personal care industry

The personal care sector is expected to be driven by the rising quality of life, the promising impact of beauty and personal care on personal life, and advanced consumer trends towards luxury and personal care companies. Such characteristics would boost product uptake even more. The product improves the consistency and flow of cosmetics while also delivering a smooth, silky texture to lotions, creams, and gels. Furthermore, increased skincare product developments and rising consumer spending on personal products, lotions, and creams will drive product uptake. As a result, market opportunities would emerge during the predicted period.

Threat:

High cost of raw materials

A major portion of the raw materials utilised in the synthesis of carbomers are derived from crude oil and petrochemicals. Acrylic acid, propylene, and acetylene are among the basic ingredients used. As a result, price volatility in such raw materials is a major limiting factor that is likely to constrain market expansion over the projection period. Furthermore, the significant risk of adverse effects such as skin irritation is limiting carbomer adoption by many firms.

Covid-19 Impact

The COVID-19 epidemic has impeded carbomer production due to lockdowns, social distances, and trade bans, causing massive disruptions in global supply networks. Manufacturing in the personal care business was temporarily halted owing to lockdowns in numerous countries, hurting both output and consumption. However, substantial growth in the healthcare industry, combined with an increase in demand for hand sanitizer, has offset product usage.

The thickeners segment is expected to be the largest during the forecast period

The thickeners segment is estimated to have a lucrative growth, due to the growing demand for personal care products & cosmetics with stabilizing agents which are used for maintaining product quality for a prolonged time. Rheology modifying agents, such as thickeners, have a significant impact on product formulation and, as a result, improve skin feel, product stability, and efficacy. This element is also expected to support segment expansion throughout the projection period. Thickeners are widely used in the production of soups and sauces, inks, puddings, explosives, and cosmetics.

The personal care & cosmetics segment is expected to have the highest CAGR during the forecast period

The personal care & cosmetics segment is anticipated to witness the highest CAGR growth during the forecast period. The personal care sector is very regionalized and diversified. Various chemical compounds are used in a variety of items such as hair care, dyes, scents, nail care, bathing, and cosmetics. Carbomers, polymers, emulsifiers, colours, thickeners, surfactants, and other chemical components are among the most often utilised. As a result, constant developments in the formulation of various skincare products containing such chemical ingredients are another critical driver that is expected to drive segment expansion.

Region with highest share:

Asia Pacific is projected to hold the largest market share during the forecast period due to the significant manufacturing base of personal care and cosmetics, pharmaceuticals, and HI&I cleaning products, as well as the growth in the regional population with increasing spending capacity. The Asia Pacific region has a larger demand for cosmetics items, therefore manufacturing is high, which is expected to be a major development factor in the regional market. As the pharmaceutical and cosmetic sectors increase, so does demand for carbomer in nations like as China, Japan, and India, among others, providing fuel to market growth.

Region with highest CAGR:

Europe is projected to have the highest CAGR over the forecast period, owing to the region's high consumption of personal care and cosmetic products, top pharmaceutical production base, high adoption of carbomers in the region's home, industrial, or institutional (HI&I) cleaning products, and many others. Europe boasts the best healthcare facilities and infrastructure in the world, which is fueled by countries like Germany, France, and the United Kingdom.

Key players in the market

Some of the key players profiled in the Carbomer Market include Maruti Chemicals, Guangzhou Tinci Materials Technology Co. Ltd., Anhui Newman Fine Chemicals Co. Ltd., The Lubrizol Corporation, Evonik Industries AG, Corel Pharma Chem, Sumitomo Seika Chemicals Company Ltd., SNF s.a.s., Amnem, Ashland, Yucheng Jinhe Industrial Co. Ltd. and Qingdao Yinuoxin New Material Co. Ltd.

Key Developments:


In June 2022, Evonik Germany launched a polymer named Polyvest eco, there is a novel range of liquid polybutadienes. This butadiene is used in manufacturing products and can reduce the use of fossil fuels by 99%.

In March 2022, Lubrizol a US-based company introduced a tolophi biotech ingredient that helps in retaining moisture and redeeming facial coherence with its amazing properties.

In July 2021, The Lubrizol Corporation invested more than USD 25 million in its manufacturing facility located in Calvert City, Kentucky. The facility specializes in the manufacturing of Carbopol polymers and Pemulen polymeric emulsifiers. This investment will enable the company to expand production capacity and update its infrastructure at Calvert City facility while continuously improving safety and quality.

Products Covered:
• Carbomer 980
• Carbomer 941
• Carbomer 940
• Carbomer 934
• Other Products

Polymer Types Covered:
• Copolymer
• Homopolymer
• Interpolymer

Sources Covered:
• Natural
• Synthetic

Applications Covered:
• Conditioning Agents
• Dispersing Agents
• Emulsifiers
• Thickeners
• Other Applications

End Users Covered:
• Homecare
• Personal Care & Cosmetics
• Pharmaceuticals
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements