Report Overview

The carbomer market is expected to be around USD 1524.61 million by 2032 from USD 812.2 million in 2022, growing at a CAGR of 6.5% from 2022 to 2032.

Carbomer is a fluffy white powder used in lotions and cosmetic formulas as a thickener and stabilizer. Carbomer can be used to refer to different polymers that are made of acrylic acid. Dry Carbomer is a white powder used in cosmetics and personal care products. This prevents the emulsion from spreading and controls the consistency of the flow. Carbomers can be classified according to their molecular weight and specific components. The increase in personal and cosmetic care product consumption is expected to drive the global Carbomer market to a significant growth rate over the forecast period. The market is expected to grow due to increased demand for Carbomer within pharmaceutical products.

Global Carbomer Market Scope:

Type Analysis

Based on type, the carbomer market is segmented into Carbomer 980, Carbomer 940, Carbomer 934, and others. In 2022, In the global carbomer market, Carbomer 940 accounted for a major revenue share. Because it has excellent thickening and high viscosity properties, it also offers higher suspending performance at a low dosage. These properties drive the demand for rheology modifiable in personal care and cosmetics products. The segment Carbomer 980 is expected to show the most growth in the global market over the forecast period. This type is used for hair styling, moisturizing, hand lotions, body lotions, and face lotions. Carbomer 980 is in high demand due to the increasing use of thickening agents within these products. Carbomer 934 polymer has a creamy sensory profile and is preferred as a modifier for rheology in cosmetic creams and lotions.

Application Analysis

The market can be divided into three categories based on its application: personal care, cosmetics, pharmaceutical, or others. In 2022, the personal care and cosmetics segment was a dominant application due to Rising consumer preference for these products. Carbomer is used in personal care and cosmetics manufacturing to thicken preparations as a gelling or emulsifier. Hence, it is used in shampoos, conditioners, and body washes. Leading players constantly innovate their products to meet consumer demand for cosmetics. These factors create a favorable environment for the growth and development of the global market segment.

Increasing development activities to introduce advanced products are surging the demand for pharmaceutical excipients, including Carbomers in the pharmaceutical industry. Carbomers are used in the pharmaceutical industry as suspension stabilizers, rheology modifiers, mucoadhesive tools, bioavailability enhancers, and tablet binders. The other segment includes coatings, surfactants, dyestuffs, cleaner and paints applications. With the increasing demand for surface cleaners, paints, and coatings., the other segment is expected to show steady growth during the forecast period.

Key Market Segments:

By Type

• Carbomer 940
• Carbomer 980
• Carbomer 934

By Application

• Personal Care
• Cosmetics Industry
• Pharmaceutical Industry
• Others Applications

 

Market Dynamics:

The increasing adoption of the pharmaceutical industry will boost the market’s growth. The pharmaceutical industry thrives worldwide due to rapid infrastructure development in healthcare and growing health consciousness among consumers. These factors have led to a rise in product demand within the pharmaceutical industry. It has bioavailability and high adhesion. It is an ideal component of drug-delivery gel systems. It can be used for oral, nasal, and intestinal drugs and vaginal products. Due to the growing hospital demand, many manufacturers now offer Carbomer for medical use. Lubrizol, for example, gives Carbopol 7G NF & Carbopol ETD 2020 N NF for oral and topical treatment. These factors will help the market reach new heights during the forecast period.

Government regulations on benzene polymerized carbomer are resisting market growth to reduce its use within the pharmaceutical industry. The Food & Drug Administration states that benzene is a carcinogen that causes leukemia & other blood disorders in humans. Due to contamination, many aerosol medication and hand sanitizer products have been recalled. These factors caused many manufacturers to switch to alternative methods of product manufacturing, which in turn increased the cost of manufacturing. This is expected to limit the market growth for Carbomer.

Personal care will be driven by the rising quality of life and the positive impact of personal care products on individuals’ lives. These factors will increase product adoption. This product helps in the consistency and flow of cosmetics and provides a smooth texture to creams, lotions, and gels. The product acts as a suspending agent, which helps retain small particles, such as essential oils and exfoliants, in the mixture. This allows the components to be applied easily to the skin. The increasing innovation will fuel product adoption in skin care products and increase consumer spending on personal products, lotions, and creams. This would result in market opportunities over the forecast period.

Regional Analysis

Regionally, the most significant carbomer market share was 40.2%, accounted for by the Asia-Pacific in 2022. In this region, China is the dominant market in the region due to its higher consumption across all industries. The increase is attributed to the growing population, favorable government regulations, and rising consumer healthcare spending. The United States is the largest Carbomer consumer in the world. Market growth has been fueled by the rapid expansion of the healthcare industry and increased R&D. Increased online sales of cosmetic products will increase product adoption in the region. Over the years, the region has seen healthy competition from large-scale European cosmetics manufacturers like Estee Lauder, Unilever, and L’Oréal. Latin American customers are increasingly aware of the many benefits of pharmaceuticals and cosmetics. Domestic and foreign investors have a clear path to investing in the domestic cosmetics sector due to their growing desire for healthy living. Market growth is driven by the ever-increasing demand for halal products in Africa and the Middle East. Certain product grades can be accepted as halal-certified cosmetic components.

Key Regions and Countries covered in the report:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Spain
  • Rest of Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Rest of Asia-Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• MEA
  • GCC
  • South Africa
  • Israel
  • Rest of MEA

Market Share & Key Players Analysis:

Lubrizol, a world-leading specialty chemical company, is present in over 100 countries. It is a leading specialty chemical company that serves many industries, including beauty and personal, pharmaceuticals and energy solutions, homecare and lubricants, and water treatment. It manufactures various products for personal, topical, and pharmaceutical care applications.

Market Key Players:

• Anhui Newman Fine Chemicals Co. Ltd.
• Evonik Industries AG
• The Lubrizol Corporation
• Maruti Chemicals
• Ashland
• Sumitomo seika chemicals co. Ltd.
• Amnem
• SINOWAY INDUSTRIAL CO. LTD
• Yucheng Jinhe Industrial Co. Ltd
• QINGDAO YINUOXIN NEW MATERIAL CO. LTD
• Other Key Players

For the Carbomer Market research study, the following years have been considered to estimate the market size: