Global Carbomer Market growing at a CAGR of 7.3% from 2023 to 2030
Category : Materials And Chemicals | Published Date : Nov 2024 | Type : Press Release
Carbomer Market Scope & Overview:
In the newly published report, Consegic Business Intelligence states that the Global Carbomer Market size was valued at USD 848.19 million in 2022 and is projected to register a CAGR of 7.3%, reaching USD 1,487.10 million by 2030. Carbomers, also known as polyacrylic acids, are synthetic, cross-linked polymers widely used as thickening, emulsifying, and stabilizing agents in cosmetics, pharmaceuticals, and other industrial applications.
The report comprises the Carbomer Market Share, Size & Industry Analysis, By Type (Carbomer 940, Carbomer 980, Carbomer 974p, Carbomer 934, Carbomer 934p, and Others), By Form (Powder, Gel, Liquid), By Application (Skin Care, Hair Care, Ointments, Dishwashing Liquids, Cleaning Agents, Food Supplements, Drilling Fluids, Pesticides, Fertilizers, and Others), By End-Use Industry (Personal Care & Cosmetics, Pharmaceutical, Food & Beverage, Household Products, Oil & Gas, Others), By Region (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa), and Forecast, 2023-2030.
The report contains detailed information on Carbomer Market Trends, Opportunities, Value, Growth Rate, Segmentation, Geographical Coverage, Company Profile, In-depth Expert Analysis, Revenue Forecast, Competitive Landscape, Growth Factors, Restraints, Environment & Regulatory Landscape, PESTLE Analysis, PORTER Analysis, Key Technology Landscape, Value Chain Analysis, and Cost Analysis.
Increasing demand from personal care and pharmaceutical industries drives market growth, while the rising adoption of natural alternatives presents challenges.
Segmental Analysis :
By Type:
- Carbomer 940 held the largest share in 2022 due to its widespread application in cosmetics for imparting texture and controlling viscosity. Its use in hand sanitizers and other personal care products supports market dominance.
- Carbomer 980 is anticipated to grow fastest due to its superior thickening and suspending properties, making it a preferred choice in pharmaceutical formulations for topical and oral products.
By Form:
- Gel form dominated the market in 2022, driven by its use in moisturizing gels, hair styling products, and eye lubrication medications. The ease of application and consistency enhancement in cosmetic products boost its demand.
- Powder form is expected to witness rapid growth due to its versatility and ease of incorporation into diverse formulations in pharmaceuticals and cosmetics.
By Application:
- Skin Care accounted for the largest share in 2022, supported by the demand for enhanced product texture and consistency in lotions, creams, and gels.
- Food Supplements are projected to grow fastest, driven by the use of carbomer as a stabilizing agent in nutrient-rich supplements to enhance shelf life and product stability.
Based on regions, the global market is segmented into North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America.
- North America led the market in 2022, driven by a strong cosmetics industry and high pharmaceutical adoption.
- Asia-Pacific is anticipated to grow at the fastest rate, supported by increasing consumer spending on personal care and favorable regulatory policies in the region.
| Report Attributes | Report Details |
| Study Timeline | 2017-2030 |
| Market Size in 2030 | USD 1,487.10 Million |
| CAGR (2023-2030) | 7.3% |
| By Type | Carbomer 940, Carbomer 980, Carbomer 974p, Carbomer 934, Carbomer 934p, Others |
| By Form | Powder, Gel, Liquid |
| By Application | Skin Care, Hair Care, Ointments, Dishwashing Liquids, Cleaning Agents, Food Supplements, Drilling Fluids, Pesticides, Fertilizers, Others |
| By End-Use Industry | Personal Care & Cosmetics, Pharmaceutical, Food & Beverage, Household Products, Oil & Gas, Others |
| By Region | North America(U.S., Canada, Mexico) Europe(U.K., Germany, France, Spain, Italy, Russia, Benelux, Rest of Europe) APAC(China, South Korea, Japan, India, Australia, ASEAN, Rest of Asia-Pacific) Middle East & Africa(GCC, Turkey, South Africa, Rest of MEA) LATAM(Brazil, Argentina, Chile, Rest of LATAM) |
Top Key Players & Competitive Landscape :
The competitive landscape features major manufacturers of carbomer products, analyzed in terms of their strengths, weaknesses, and market strategies. The report includes detailed profiles of key players, market share analysis, and emerging partnership trends.
List of prominent players in the Carbomer Industry:
- The Lubrizol Corporation
- Sumitomo Seika Chemicals Co., Ltd.
- Corel Pharma Chem.
- Azelis Canada Inc.
- Anhui Newman Fine Chemicals Co., Ltd.
- Hopax Chemicals Mfg. Co., Ltd.
- Maruti Chemicals
- Shreeji Chem.
- Libraw Pharma
- Otto Chemie Pvt. Ltd.
- Ashahi Chemical Industries (P) Ltd.
Recent Industry Developments :
- August 2021: SPI Pharma signed an exclusive agreement with Azelis Americas for the U.S. distribution of its carbomer product line, enhancing market reach.
- April 2020: Lubrizol Advanced Materials announced an expansion in its Carbopol polymer production to meet the rising demand for hand sanitizers during the COVID-19 pandemic.
