USD 798.2 million
Carbomer Market
Report ID:
SQSG15E2007 |
Region:
Global |
Published Date: February, 2024
Pages:
165
|Tables:
64
|Figures:
77
Carbomer Market size was valued at USD 798.2 million in 2019 and is poised to grow from USD 850.4 million in 2023 to USD 1503.97 million by 2031, growing at a CAGR of 6.54% in the forecast period (2024-2031).
A white fleecy element used as a thickener, emulsifier, and stabilizer used in various cosmetics merchandise is known as a carbomer. This carbomer is made up of diverse polymers of acrylic acid of which the white powder that’s used in cosmetics and personal care products is known as dry carbomer. Carbomer plays a vital role in the cosmetic and personal care industry and it interrupts solid from converting into liquid, also prevents the emulsion from spreading, and controls the uniformity in the flow of products. These are classified based on their molecular weight and the increasing use of cosmetics and other personal care products globally drives the demand for additives that contains carbomer and this will propel the market growth during the analysis period.
US Carbomer Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 798.2 million
Largest Segment
Carbomer 940
Fastest Growth
Carbomer 940
Growth Rate
6.54% CAGR
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The Global Carbomer Market is segmented on the basis of Type, Application, and Region. Based on Type, the market is segmented into Carbomer 940, Carbomer 980, Carbomer 934, Other Carbomers. Based on Application, the market is segmented into Cosmetics Industry, Personal Care Industry, Pharmaceutical Industry, Other Industries. Based on region, the global Carbomer market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Carbomer Market Analysis by Type
In 2021, carbomer 940 accounted for a major share in the global carbomer market and the carbomer 980 is expected to show tremendous growth during the analysis period. The global carbomer market is segmentd into carbomer 940, carbomer 980, carbomer 934 and other carbomers such as 98 and so on. Various characteristics of different carbomers make it a suitable component to use in various personal care products globally. These provide wonderful coagulation, stickiness, and higher holdup properties with a minimal dose which is very cost-effective for the companies. The growing demand for rheology modifiers in the field of cosmetic and personal care products is pushing the use of carbomer 940. Increasing use of hair gel, body baths, lotions, moisturizers, and other self-care products are some of the reasons for the growth of carbomer 980 as it is used as a thickener in these products. All these development and swelling demand for self-care items globally will propel the global carbomer market growth in the coming period.
Carbomer Market Analysis by Type
The global carbomer market is segmented into various trades such as personal care, cosmetics, and pharmaceuticals based on its application. The personal care and cosmetic segment held a major share of the carbomer market during the year 2021. This is due to its main use in fast-moving consumer products extensively which contains bathing soaps, conditioners, gel, shampoo, sun protection cream, and many more products which is pushing the demand for carbomer market during the analysis period.
The pharmaceutical industry will see steady growth during the analysis period. The increasing use of rheology convertors in tablet binding, bioavailability enhancers, and other products will push the growth of the global carbomer market throughout the forecast period.
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In 2021, the Asia Pacific is expected to hold around 35 % of the universal carbomer market. China accounted for a lion’s share in the c global arbomer market and this contribute to the dominance of the segment in the region. The growing population and increasing disposable income in the region is one of the major factors for propelling the growth of personal care products and this in turn is pushing the carbomer market growth in the region.
North America is the largest consumer of cosmetic and personal care merchandise worldwide and this will see a growth in the future due to increasing awareness regarding personal hygiene and wellbeing in the region this will help the global carbomer market to grow tremendously during the analysis period.
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Carbomer Market Driver
Growing demand from the pharmaceutical industry will drive the market.
Carbomer Market Restraint
Restriction on the use of Benzene polymerized carbomer is a key factor for restraint.
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The global Carbomer market is relatively fragmented, with a high level of competition. Few large players, like ABB Ltd, Honeywell, and Kiva Systems, now control the market in terms of market share. These industry leaders are extending their customer base across several areas, and many corporations are creating strategic and collaborative initiatives with other start-up enterprises to enhance their market share and profitability.
Carbomer Market Top Player’s Company Profiles
Carbomer Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, carbomer 940 is expected to hold the lion’s portion of the entire caromer market in the year 2021 and the carbomer 980 is expected to show tremendous growth during the analysis period. The growing demand for rheology modifiers in the field of cosmetic and personal care products is pushing the use of carbomer 940. Increasing use of hair gel, body baths, lotions, moisturizers, and other self-care products are some of the reasons for the growth of carbomer 980 as it is used as a thickener in these products. The Asia Pacific is expected to hold around 35 % of the universal carbomer market in 2021 and China accounted for a lion’s share in the carbomer market and this contributes to the dominance of the segment in the region. North America is the largest consumer of cosmetic and personal care merchandise worldwide and this will see a growth in the future due to increasing awareness regarding personal hygiene and wellbeing in the region this will help the carbomer market to grow tremendously during the analysis period.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 798.2 million |
Market size value in 2031 | USD 1503.97 million |
Growth Rate | 6.54% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Million |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
Carbomer Market Recent Developments
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Customization scope | Free report customization with purchase. Customization includes:-
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Historical Year | 2019 |
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Carbomer Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Carbomer Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Carbomer Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Carbomer Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Our industry expert will work with you to provide you with customized data in a short amount of time.
REQUEST FREE CUSTOMIZATIONCarbomer Market size was valued at USD 798.2 million in 2019 and is poised to grow from USD 850.4 million in 2023 to USD 1503.97 million by 2031, growing at a CAGR of 6.54% in the forecast period (2024-2031).
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Report ID: SQSG15E2007