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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:
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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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