PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1284270
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1284270
Carbomer Market Forecasts to 2028 - Global Analysis By Product, Polymer Type, Source, Application 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
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- 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
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 Product Analysis
- 3.7 Application Analysis
- 3.8 End User Analysis
- 3.9 Emerging Markets
- 3.10 Impact of Covid-19
4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
5 Global Carbomer Market, By Product
- 5.1 Introduction
- 5.2 Carbomer 980
- 5.3 Carbomer 941
- 5.4 Carbomer 940
- 5.5 Carbomer 934
- 5.6 Other Products
6 Global Carbomer Market, By Polymer Type
- 6.1 Introduction
- 6.2 Copolymer
- 6.3 Homopolymer
- 6.4 Interpolymer
7 Global Carbomer Market, By Source
- 7.1 Introduction
- 7.2 Natural
- 7.3 Synthetic
8 Global Carbomer Market, By Application
- 8.1 Introduction
- 8.2 Conditioning Agents
- 8.3 Dispersing Agents
- 8.4 Emulsifiers
- 8.5 Thickeners
- 8.6 Other Applications
9 Global Carbomer Market, By End User
- 9.1 Introduction
- 9.2 Homecare
- 9.3 Personal Care & Cosmetics
- 9.4 Pharmaceuticals
- 9.5 Other End Users
10 Global Carbomer Market, By Geography
- 10.1 Introduction
- 10.2 North America
- 10.2.1 US
- 10.2.2 Canada
- 10.2.3 Mexico
- 10.3 Europe
- 10.3.1 Germany
- 10.3.2 UK
- 10.3.3 Italy
- 10.3.4 France
- 10.3.5 Spain
- 10.3.6 Rest of Europe
- 10.4 Asia Pacific
- 10.4.1 Japan
- 10.4.2 China
- 10.4.3 India
- 10.4.4 Australia
- 10.4.5 New Zealand
- 10.4.6 South Korea
- 10.4.7 Rest of Asia Pacific
- 10.5 Middle East & Africa
- 10.5.1 Argentina
- 10.5.2 Brazil
- 10.5.3 Chile
- 10.5.4 Rest of Middle East & Africa
- 10.6 Middle East & Africa
- 10.6.1 Saudi Arabia
- 10.6.2 UAE
- 10.6.3 Qatar
- 10.6.4 South Africa
- 10.6.5 Rest of Middle East & Africa
11 Key Developments
- 11.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 11.2 Acquisitions & Mergers
- 11.3 New Product Launch
- 11.4 Expansions
- 11.5 Other Key Strategies
12 Company Profiling
- 12.1 Maruti Chemicals
- 12.2 Guangzhou Tinci Materials Technology Co. Ltd.
- 12.3 Anhui Newman Fine Chemicals Co. Ltd.
- 12.4 The Lubrizol Corporation
- 12.5 Evonik Industries AG
- 12.6 Corel Pharma Chem
- 12.7 Sumitomo Seika Chemicals Company Ltd.
- 12.8 SNF s.a.s.
- 12.9 Amnem
- 12.10 Ashland
- 12.11 Yucheng Jinhe Industrial Co. Ltd.
- 12.12 Qingdao Yinuoxin New Material Co. Ltd.
List of Tables
- Table 1 Global Carbomer Market Outlook, By Region (2020-2028) ($MN)
- Table 2 Global Carbomer Market Outlook, By Product (2020-2028) ($MN)
- Table 3 Global Carbomer Market Outlook, By Carbomer 980 (2020-2028) ($MN)
- Table 4 Global Carbomer Market Outlook, By Carbomer 941 (2020-2028) ($MN)
- Table 5 Global Carbomer Market Outlook, By Carbomer 940 (2020-2028) ($MN)
- Table 6 Global Carbomer Market Outlook, By Carbomer 934 (2020-2028) ($MN)
- Table 7 Global Carbomer Market Outlook, By Other Products (2020-2028) ($MN)
- Table 8 Global Carbomer Market Outlook, By Polymer Type (2020-2028) ($MN)
- Table 9 Global Carbomer Market Outlook, By Copolymer (2020-2028) ($MN)
- Table 10 Global Carbomer Market Outlook, By Homopolymer (2020-2028) ($MN)
- Table 11 Global Carbomer Market Outlook, By Interpolymer (2020-2028) ($MN)
- Table 12 Global Carbomer Market Outlook, By Source (2020-2028) ($MN)
- Table 13 Global Carbomer Market Outlook, By Natural (2020-2028) ($MN)
- Table 14 Global Carbomer Market Outlook, By Synthetic (2020-2028) ($MN)
- Table 15 Global Carbomer Market Outlook, By Application (2020-2028) ($MN)
- Table 16 Global Carbomer Market Outlook, By Conditioning Agents (2020-2028) ($MN)
- Table 17 Global Carbomer Market Outlook, By Dispersing Agents (2020-2028) ($MN)
- Table 18 Global Carbomer Market Outlook, By Emulsifiers (2020-2028) ($MN)
- Table 19 Global Carbomer Market Outlook, By Thickeners (2020-2028) ($MN)
- Table 20 Global Carbomer Market Outlook, By Other Applications (2020-2028) ($MN)
- Table 21 Global Carbomer Market Outlook, By End User (2020-2028) ($MN)
- Table 22 Global Carbomer Market Outlook, By Homecare (2020-2028) ($MN)
- Table 23 Global Carbomer Market Outlook, By Personal Care & Cosmetics (2020-2028) ($MN)
- Table 24 Global Carbomer Market Outlook, By Pharmaceuticals (2020-2028) ($MN)
- Table 25 Global Carbomer Market Outlook, By Other End Users (2020-2028) ($MN)
- Table 26 North America Carbomer Market Outlook, By Country (2020-2028) ($MN)
- Table 27 North America Carbomer Market Outlook, By Product (2020-2028) ($MN)
- Table 28 North America Carbomer Market Outlook, By Carbomer 980 (2020-2028) ($MN)
- Table 29 North America Carbomer Market Outlook, By Carbomer 941 (2020-2028) ($MN)
- Table 30 North America Carbomer Market Outlook, By Carbomer 940 (2020-2028) ($MN)
- Table 31 North America Carbomer Market Outlook, By Carbomer 934 (2020-2028) ($MN)
- Table 32 North America Carbomer Market Outlook, By Other Products (2020-2028) ($MN)
- Table 33 North America Carbomer Market Outlook, By Polymer Type (2020-2028) ($MN)
- Table 34 North America Carbomer Market Outlook, By Copolymer (2020-2028) ($MN)
- Table 35 North America Carbomer Market Outlook, By Homopolymer (2020-2028) ($MN)
- Table 36 North America Carbomer Market Outlook, By Interpolymer (2020-2028) ($MN)
- Table 37 North America Carbomer Market Outlook, By Source (2020-2028) ($MN)
- Table 38 North America Carbomer Market Outlook, By Natural (2020-2028) ($MN)
- Table 39 North America Carbomer Market Outlook, By Synthetic (2020-2028) ($MN)
- Table 40 North America Carbomer Market Outlook, By Application (2020-2028) ($MN)
- Table 41 North America Carbomer Market Outlook, By Conditioning Agents (2020-2028) ($MN)
- Table 42 North America Carbomer Market Outlook, By Dispersing Agents (2020-2028) ($MN)
- Table 43 North America Carbomer Market Outlook, By Emulsifiers (2020-2028) ($MN)
- Table 44 North America Carbomer Market Outlook, By Thickeners (2020-2028) ($MN)
- Table 45 North America Carbomer Market Outlook, By Other Applications (2020-2028) ($MN)
- Table 46 North America Carbomer Market Outlook, By End User (2020-2028) ($MN)
- Table 47 North America Carbomer Market Outlook, By Homecare (2020-2028) ($MN)
- Table 48 North America Carbomer Market Outlook, By Personal Care & Cosmetics (2020-2028) ($MN)
- Table 49 North America Carbomer Market Outlook, By Pharmaceuticals (2020-2028) ($MN)
- Table 50 North America Carbomer Market Outlook, By Other End Users (2020-2028) ($MN)
- Table 51 Europe Carbomer Market Outlook, By Country (2020-2028) ($MN)
- Table 52 Europe Carbomer Market Outlook, By Product (2020-2028) ($MN)
- Table 53 Europe Carbomer Market Outlook, By Carbomer 980 (2020-2028) ($MN)
- Table 54 Europe Carbomer Market Outlook, By Carbomer 941 (2020-2028) ($MN)
- Table 55 Europe Carbomer Market Outlook, By Carbomer 940 (2020-2028) ($MN)
- Table 56 Europe Carbomer Market Outlook, By Carbomer 934 (2020-2028) ($MN)
- Table 57 Europe Carbomer Market Outlook, By Other Products (2020-2028) ($MN)
- Table 58 Europe Carbomer Market Outlook, By Polymer Type (2020-2028) ($MN)
- Table 59 Europe Carbomer Market Outlook, By Copolymer (2020-2028) ($MN)
- Table 60 Europe Carbomer Market Outlook, By Homopolymer (2020-2028) ($MN)
- Table 61 Europe Carbomer Market Outlook, By Interpolymer (2020-2028) ($MN)
- Table 62 Europe Carbomer Market Outlook, By Source (2020-2028) ($MN)
- Table 63 Europe Carbomer Market Outlook, By Natural (2020-2028) ($MN)
- Table 64 Europe Carbomer Market Outlook, By Synthetic (2020-2028) ($MN)
- Table 65 Europe Carbomer Market Outlook, By Application (2020-2028) ($MN)
- Table 66 Europe Carbomer Market Outlook, By Conditioning Agents (2020-2028) ($MN)
- Table 67 Europe Carbomer Market Outlook, By Dispersing Agents (2020-2028) ($MN)
- Table 68 Europe Carbomer Market Outlook, By Emulsifiers (2020-2028) ($MN)
- Table 69 Europe Carbomer Market Outlook, By Thickeners (2020-2028) ($MN)
- Table 70 Europe Carbomer Market Outlook, By Other Applications (2020-2028) ($MN)
- Table 71 Europe Carbomer Market Outlook, By End User (2020-2028) ($MN)
- Table 72 Europe Carbomer Market Outlook, By Homecare (2020-2028) ($MN)
- Table 73 Europe Carbomer Market Outlook, By Personal Care & Cosmetics (2020-2028) ($MN)
- Table 74 Europe Carbomer Market Outlook, By Pharmaceuticals (2020-2028) ($MN)
- Table 75 Europe Carbomer Market Outlook, By Other End Users (2020-2028) ($MN)
- Table 76 Asia Pacific Carbomer Market Outlook, By Country (2020-2028) ($MN)
- Table 77 Asia Pacific Carbomer Market Outlook, By Product (2020-2028) ($MN)
- Table 78 Asia Pacific Carbomer Market Outlook, By Carbomer 980 (2020-2028) ($MN)
- Table 79 Asia Pacific Carbomer Market Outlook, By Carbomer 941 (2020-2028) ($MN)
- Table 80 Asia Pacific Carbomer Market Outlook, By Carbomer 940 (2020-2028) ($MN)
- Table 81 Asia Pacific Carbomer Market Outlook, By Carbomer 934 (2020-2028) ($MN)
- Table 82 Asia Pacific Carbomer Market Outlook, By Other Products (2020-2028) ($MN)
- Table 83 Asia Pacific Carbomer Market Outlook, By Polymer Type (2020-2028) ($MN)
- Table 84 Asia Pacific Carbomer Market Outlook, By Copolymer (2020-2028) ($MN)
- Table 85 Asia Pacific Carbomer Market Outlook, By Homopolymer (2020-2028) ($MN)
- Table 86 Asia Pacific Carbomer Market Outlook, By Interpolymer (2020-2028) ($MN)
- Table 87 Asia Pacific Carbomer Market Outlook, By Source (2020-2028) ($MN)
- Table 88 Asia Pacific Carbomer Market Outlook, By Natural (2020-2028) ($MN)
- Table 89 Asia Pacific Carbomer Market Outlook, By Synthetic (2020-2028) ($MN)
- Table 90 Asia Pacific Carbomer Market Outlook, By Application (2020-2028) ($MN)
- Table 91 Asia Pacific Carbomer Market Outlook, By Conditioning Agents (2020-2028) ($MN)
- Table 92 Asia Pacific Carbomer Market Outlook, By Dispersing Agents (2020-2028) ($MN)
- Table 93 Asia Pacific Carbomer Market Outlook, By Emulsifiers (2020-2028) ($MN)
- Table 94 Asia Pacific Carbomer Market Outlook, By Thickeners (2020-2028) ($MN)
- Table 95 Asia Pacific Carbomer Market Outlook, By Other Applications (2020-2028) ($MN)
- Table 96 Asia Pacific Carbomer Market Outlook, By End User (2020-2028) ($MN)
- Table 97 Asia Pacific Carbomer Market Outlook, By Homecare (2020-2028) ($MN)
- Table 98 Asia Pacific Carbomer Market Outlook, By Personal Care & Cosmetics (2020-2028) ($MN)
- Table 99 Asia Pacific Carbomer Market Outlook, By Pharmaceuticals (2020-2028) ($MN)
- Table 100 Asia Pacific Carbomer Market Outlook, By Other End Users (2020-2028) ($MN)
- Table 101 Middle East & Africa Carbomer Market Outlook, By Country (2020-2028) ($MN)
- Table 102 Middle East & Africa Carbomer Market Outlook, By Product (2020-2028) ($MN)
- Table 103 Middle East & Africa Carbomer Market Outlook, By Carbomer 980 (2020-2028) ($MN)
- Table 104 Middle East & Africa Carbomer Market Outlook, By Carbomer 941 (2020-2028) ($MN)
- Table 105 Middle East & Africa Carbomer Market Outlook, By Carbomer 940 (2020-2028) ($MN)
- Table 106 Middle East & Africa Carbomer Market Outlook, By Carbomer 934 (2020-2028) ($MN)
- Table 107 Middle East & Africa Carbomer Market Outlook, By Other Products (2020-2028) ($MN)
- Table 108 Middle East & Africa Carbomer Market Outlook, By Polymer Type (2020-2028) ($MN)
- Table 109 Middle East & Africa Carbomer Market Outlook, By Copolymer (2020-2028) ($MN)
- Table 110 Middle East & Africa Carbomer Market Outlook, By Homopolymer (2020-2028) ($MN)
- Table 111 Middle East & Africa Carbomer Market Outlook, By Interpolymer (2020-2028) ($MN)
- Table 112 Middle East & Africa Carbomer Market Outlook, By Source (2020-2028) ($MN)
- Table 113 Middle East & Africa Carbomer Market Outlook, By Natural (2020-2028) ($MN)
- Table 114 Middle East & Africa Carbomer Market Outlook, By Synthetic (2020-2028) ($MN)
- Table 115 Middle East & Africa Carbomer Market Outlook, By Application (2020-2028) ($MN)
- Table 116 Middle East & Africa Carbomer Market Outlook, By Conditioning Agents (2020-2028) ($MN)
- Table 117 Middle East & Africa Carbomer Market Outlook, By Dispersing Agents (2020-2028) ($MN)
- Table 118 Middle East & Africa Carbomer Market Outlook, By Emulsifiers (2020-2028) ($MN)
- Table 119 Middle East & Africa Carbomer Market Outlook, By Thickeners (2020-2028) ($MN)
- Table 120 Middle East & Africa Carbomer Market Outlook, By Other Applications (2020-2028) ($MN)
- Table 121 Middle East & Africa Carbomer Market Outlook, By End User (2020-2028) ($MN)
- Table 122 Middle East & Africa Carbomer Market Outlook, By Homecare (2020-2028) ($MN)
- Table 123 Middle East & Africa Carbomer Market Outlook, By Personal Care & Cosmetics (2020-2028) ($MN)
- Table 124 Middle East & Africa Carbomer Market Outlook, By Pharmaceuticals (2020-2028) ($MN)
- Table 125 Middle East & Africa Carbomer Market Outlook, By Other End Users (2020-2028) ($MN)
