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Global Carbomer Market to Reach USD 1167.9 Million by 2027, Aided by the Increasing Demand in Personal Care Products

According to a new report by EMR titled, ‘Global Carbomer Market Report and Forecast 2022-2027’, the global carbomer market reached a value of more than USD 798.2 million in 2021. The industry is expected to grow at a CAGR of 6.54% in the forecast period of 2022-2027 to reach a value of above USD 1167.9 million by 2027.

The growing construction and electronics sector is significantly boosting the carbomer market. Carbomer is used in paints and coatings as a thickener, and the growing paints and coatings market is expanding the carbomer market size. The significant rise in demand for sunscreen, exfoliators, masks, skin-tone correctors, anti-ageing, and skin-lightening creams is predicted to propel the carbomers market upwards, depending on the global consumption. The pharmaceutical sector is another major end-use industry, where carbomers are used in substantial quantities. These acrylic acid polymers provide the functionality to the pharmaceutical ingredients. The global carbomers market industry is likely to grow in the coming years as a result of the unexpected spike in demand for hand sanitisers as a result of the COVID-19 pandemic. Due to higher adoption rates around the world, personal care items have been the underpinning for rising carbomer demand. Carbomers are in high demand in these industries because of their improved formulation and functional versatility.

Key players are actively enhancing their current offers and looking for ways to improve the product's suitability for different sectors by adding more functional aspects. Lubrizol Advanced Materials, Inc., the inventors, and largest makers of CPVC compound worldwide, and Prince Pipes and Fittings Ltd., for example, signed a binding agreement for the manufacturing and distribution of Corzan® CPVC Material and Piping solutions in India on August 9, 2021. Lubrizol will expand its product portfolio in the Indian industrial piping sector as a result of this agreement, while Prince Pipes and Fittings Ltd will improve its position in the industrial piping systems market in India.

Market Analysis by Physical Shape, Packaging, Distribution Channels, Manufacturing Method, Type, Application, and Regions:

  • Based on physical shape, the market is categorised into solid, liquid, powder, crystals, and granules. 
  • The packaging includes bags, bottles, and drums, among others.
  • The distribution channels of the market are large retailers, online portals, and pharmacies, among others.
  • The manufacturing methods include free radical polymerisation and others.
  • Based on type, the market is divided into Carbomer 940, Carbomer 980, Carbomer 676, Carbomer U20, Carbomer U21, and Carbomer SF-1, among others. 
  • The leading applications of the market are personal care and cosmetics, and the pharmaceutical industry, among others.
  • The regional markets for carbomer include North America, Europe, Asia Pacific, Latin America, and the Middle East, and Africa.

Key Findings of the Report:

  • Increasing research and development on carbomer manufacturing is estimated to boost the market growth.
  • The market is expected to propel due to the increase in disposable incomes of the consumers.
  • The employment of modern technology in the production harmless chemicals for use in personal care and cosmetics, HI&I goods, medicines, and a variety of other end-use industries is likely to drive the carbomer market.

Key Offerings of the Report:

  • The EMR report gives an overview of the global carbomer market for the periods (2017-2021) and (2022-2027).  
  • The report also offers the historical (2017-2021) and forecasted (2022-2027) markets for physical shape, packaging, distribution channels, manufacturing method, type, application, and major regions of carbomer.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global carbomer industry include The Lubrizol Corporation, Guangzhou Tinci Materials Technology Co., Ltd., SNF (UK) Ltd, Anhui Newman Fine Chemicals Co., Ltd., Evonik Industries AG, Sumitomo Seika Chemicals Co., Ltd., Corel Pharma Chem., and Guangzhou DX Chemical Co., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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