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The carbomer market size is estimated to grow by USD 211.03 million at a CAGR of 5.04% between 2022 and 2027. The growing demand for personal care and cosmetic products, driven by factors such as changing beauty standards and increased consumer disposable income, is driving market growth by increasing the demand for innovative and effective products. Advancements in drug delivery systems, such as transdermal patches and microneedle technology, are also boosting market expansion by enabling the development of new and more effective personal care and cosmetic products. Additionally, the increasing focus on sustainable and natural products, driven by growing environmental concerns and consumer preferences for eco-friendly products, is driving market growth by increasing the demand for natural and organic personal care and cosmetic products.
It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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This market report extensively covers market segmentation by application (personal care and cosmetics, pharmaceutical industry, and others), type (synthetic and natural), and geography (APAC, Europe, North America, South America, and Middle East and Africa).
The personal care and cosmetics segment is estimated to witness significant growth during the forecast period. The personal care and cosmetics industry extensively employs carbomers due to their exceptional capabilities in thickening, suspending, and stabilizing formulations. These versatile polymers find application in various aspects of personal care and cosmetics, with a prominent presence in skincare products. Carbomers are commonly featured in the formulation of skincare items, including creams, lotions, gels, and serums, where they contribute to the product's texture, consistency, and stability.
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The personal care and cosmetic segment was the largest segment and was valued at USD 449.78 million in 2017. The global personal care and cosmetics industry is experiencing rapid growth, driven by rising consumer preferences for innovative and high-quality products. Carbomers play a pivotal role in enabling the formulation of products that offer the desired sensory attributes and performance characteristics, aligning with consumer expectations. Consequently, the demand for carbomers within the personal care and cosmetics segment is poised for substantial growth, serving as a driving force behind the overall expansion of the global carbomer market during the forecast period.
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APAC is estimated to contribute 43% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The carbomer market in the APAC region is poised for notable growth, primarily driven by the growing end-user industries of cosmetics and pharmaceuticals. A key factor catalyzing this growth is the escalating demand for personal care and cosmetic products. The APAC region, with its substantial population, notably in countries like China and India, benefits from a rising middle class, which is propelling increased consumer spending on beauty and personal care items. Carbomers play a pivotal role in the formulation of a wide range of cosmetic products, including gels, creams, lotions, and more, due to their exceptional attributes in thickening, emulsifying, and stabilizing formulations. These dynamics collectively position the APAC carbomer market for significant expansion.
In addition, the pharmaceutical and healthcare sectors in the region are experiencing significant growth. Carbomers find extensive use in the formulation of topical medications, ophthalmic solutions, and oral care products. The expanding pharmaceutical industry in APAC, driven by rising healthcare expenditure and awareness, is expected to boost the demand for carbomers and, in turn, will drive the growth of the regional market during the forecast period.
The market is a crucial part of the cosmetic industry and medicine, providing thickening agents that enhance the viscosity and flow of various products. It plays a vital role in the production of cosmetics & care items, offering opportunities for commercial development. Analyzing consumer buying behavior and considering economic factors are essential for understanding market trends. The market's growth is driven by the demand for gel-like formulations in products where insoluble solids need to be evenly distributed in liquid parts, such as water, creating colloidal solutions. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Growing demand for personal care and cosmetic products is notably driving the market growth. Carbomers find extensive use in formulating a wide range of personal care and cosmetic items, including creams, lotions, gels, and emulsions. A key driving force behind the heightened demand for these products lies in the growing emphasis on personal grooming and appearance. With increasing disposable incomes, evolving lifestyles, and heightened self-care awareness, consumers are progressively investing in cosmetics & care goods to enhance their overall well-being and aesthetics. This trend offers lucrative opportunities for businesses, but understanding cost, commercial development, quantitative data, qualitative data, product pricing, country-level trends, and consumer buying behavior is crucial for success in this market. This trend is particularly noticeable in emerging economies, where an expanding middle-class population boasts greater purchasing power. The COVID-19 pandemic has further underscored the significance of personal hygiene, leading to a surge in the requirement for hand sanitizers and other personal care products.
Moreover, carbomers play an integral role in hand sanitizer formulations owing to their thickening and stabilizing attributes. Overall, the increasing desire for personal care and cosmetic products, the demand for innovative formulations, and the growing preference for natural and organic constituents in these items are all expected to drive the growth of the market during the forecast period.
Technological advancements in carbomer manufacturing are an emerging trend shaping the market growth. Technological innovations in carbomer manufacturing deliver enhanced product quality, efficiency, and cost-effectiveness that will benefit both manufacturers and consumers. These technological strides have ushered in more efficient and scalable production processes for carbomers. Notably, novel approaches such as continuous flow synthesis and advanced polymerization techniques empower manufacturers to create carbomers with heightened purity and consistency. These advancements strengthen production yields, curbing batch-to-batch variations and realizing cost efficiencies, thus acting as growth drivers for the market. In addition, technological advancements in manufacturing processes foster process optimization and cost reduction within the carbomer production domain.
However, automation and continuous production systems have emerged as key developments, diminishing manual labour and minimizing production downtime, thereby enhancing overall efficiency. These improvements result in cost reductions, rendering carbomers more accessible and budget-friendly for manufacturers. This, in turn, is poised to drive market growth during the forecast period.
Regulatory compliance associated with the use of synthetic carbomers is a significant challenge hindering market growth. Regulatory compliance stands as a pivotal facet within the market, particularly concerning the utilization of synthetic carbomers across various industries, including personal care, cosmetics, and pharmaceuticals. Regulations, while fundamentally aimed at ensuring safety and efficacy, can introduce challenges that may have adverse effects on market growth. Moreover, these regulations can exhibit variations across countries and regions, further complicating matters for global carbomer manufacturers. Different jurisdictions often enforce specific requirements related to labeling, safety data sheets, or acceptable levels of impurities. Adapting to diverse regulatory frameworks can prove to be a formidable challenge, particularly when exporting products to numerous markets.
In addition, the ever-evolving regulatory landscapes and dynamic guidelines necessitate constant attention and updates to maintain compliance. Manufacturers must allocate resources and expertise to stay updated on regulatory changes, diverting their attention and resources from innovation and market expansion initiatives. Therefore, regulatory compliance linked to the use of synthetic carbomers is poised to act as a hindrance to the growth of the market during the forecast period
The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Anhui Newman Fine Chemicals Co. Ltd. - The company offers carbomers such as NM Carbomer 10G, NM Carbomer 974P and 934P, NM Carbomer 970G, and NM Carbomer 971P.
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The carbomer market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
The market is influenced by various factors, including the widespread use of acrylic acid and polyalcohol allyl ethers in its production. Market analysis involves examining product or services penetration, understanding child markets, and assessing economic, political, and social scenarios to determine market trends. Value chain and pricing analyses help understand market dynamics. In the Carbomer for Cosmetics & Care Market, products like styling gel, facial moisturizer, sunscreen, shampoo, anti-aging treatment, eye cream, cleanser, and scrubs are popular due to their mucilage-like consistency and use of nontoxic chemicals. The market is driven by advanced technology and demand for HI&I products in colloidal consistency for both private care and homecare products.
Market Scope |
|
Report Coverage |
Details |
Page number |
167 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.04% |
Market growth 2023-2027 |
USD 211.03 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
4.63 |
Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
Performing market contribution |
APAC at 43% |
Key countries |
US, China, Japan, South Korea, and Germany |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Anhui Newman Fine Chemicals Co. Ltd., Ashahi Chemical Industries Pvt. Ltd., Ashland Inc., Azelis SA, BASF SE, Corel Pharma Chem, Dow Chemical Co., Evonik Industries AG, Guangzhou DX Chemical Co. Ltd., Guangzhou Tinci Advanced Materials Co. Ltd., JENE CHEMICALS, Libraw Pharma Excipients Pvt. Ltd., Maruti Chemicals, Otto Chemie Pvt. Ltd., Shree Chemicals, Shreeji Chem, Sumitomo Seika Chemicals Co. Ltd., Taiwan Hopax Chems Mfg. Co. Ltd., The Lubrizol Corp., The SNF Group, and Wego Chemical Group Inc. |
Market dynamics |
Parent market analysis, Market Forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. |
Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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