Pharmaceutical Grade Carbomers Market Analysis APAC, Europe, North America, South America, Middle East and Africa - US, China, Japan, Germany, UK - Size and Forecast 2024-2028

Pharmaceutical Grade Carbomers Market Forecast 2024-2028

The pharmaceutical grade carbomers market size is forecast to increase by USD 113.07 million, at a CAGR of 6.39% between 2023 and 2028.

 The growth rate of the market depends on several factors, including the surge in demand for topical drug delivery systems, the increasing global geriatric population, and the increasing incorporation of pharmaceutical-grade carbomers in personal care and cosmetic products. It also includes an in-depth analysis of drivers, trends, and challenges. Our report examines historical data from 2018-2022, besides analyzing the current market scenario.

What will be the Market Size During the Forecast Period?

Request Free Sample in PDF

Market Definition 

Pharmaceutical-grade carbomers are high molecular-weight polymers commonly employed in the segment to thicken, stabilize, and gel various formulations. These cross-linked acrylic acid polymers increase viscosity while providing controlled release qualities, resulting in excellent medication administration.

To Know more about the market report  Request Free Sample

Market Dynamics

Market Driver

The surge in demand for topical drug delivery systems is the key factor driving market growth. Carbomers, including carbopol, serve as effective rheology modifiers in gels and creams, contributing to improved product texture and consistency, crucial for optimal medication administration. In addition to their role in healthcare, these carbomers, such as benzene, are instrumental in creating lotions and enhancing the formulations of various cosmetic products.

Their unique properties, including suspending ability and mucilage, make them valuable components in formulations like aerosol medication, contributing to enhanced bioavailability and adhesion. Moreover, these carbomers are utilized in the creation of various aerosol medications for their ability to suspend particles and ensure optimal drug delivery. Hence, owing to a surge in demand for topical drug delivery systems, the demand for pharmaceutical-grade carbomers is expected to increase, which in turn is expected to drive the expansion of the market during the forecast period.

Market Trends

Increasing focus on sustainable and eco-friendly manufacturing practices is the primary trend shaping market growth. The market is experiencing a significant shift toward sustainable and eco-friendly manufacturing techniques, which is consistent with the increased emphasis on environmental responsibility. Manufacturers are increasingly using green techniques and renewable raw materials. This trend is being pushed by an increased awareness of the industry's environmental impact and the need for long-term remedies.

Furthermore, sustainable production processes might lead to cost savings. For instance, the use of green techniques may result in lower waste disposal costs and compliance with severe environmental requirements, eventually increasing the overall cost-effectiveness of pharmaceutical-grade carbomer production. As this industry prioritizes sustainability, the trend toward eco-friendly manufacturing is projected to have a beneficial impact on the development of the market during the forecast period. 

Major Challenge

Issues with maintaining consistent quality and ensuring standardization in production are challenges that impede market growth. Carbomers, which are high-molecular-weight polymers, are produced from acrylic acid monomers using a complicated synthesis method. Variability in the quality and composition of raw materials, such as acrylic acid, might cause changes in the properties of the final carbomer products. In addition, the production process includes polymerization, neutralization, and drying stages, all of which might vary slightly. These changes can have an impact on the final carbomer product purity, viscosity, and rheological qualities, all of which are critical for its success in pharmaceutical formulation.

Moreover, the challenge grows as these companies strive for strict quality control to meet regulatory requirements. To overcome this challenge, manufacturers and companies must work closely together to provide standardized and dependable production procedures in the market. Consequently, issues with maintaining consistent quality and ensuring standardization is a significant challenge that has the potential to impact the market expansion during the forecast period.

Segmentation by Application, Type, and Geography

Application Analysis

The market share by the dermal and topical segment will be significant during the forecast years. The demand for dermatological and topical formulations has increased significantly due to the rising prevalence of skin-related ailments and the growing consumer preference for skincare products. This plays an important role in these applications, providing critical properties such as efficient thickening, stability, and controlled release of active components such as medications, skincare agents, and cosmetic actives. The surge in the aging population worldwide, combined with increased awareness of skincare, has spurred the demand. 

Get a glance at the market contribution of the End User  segment Request Free Sample

The dermal and topical segment accounted for USD 100.47 million in 2018. Furthermore, developments in drug delivery technology and formulation processes and the growth of the cosmetic and pharmaceutical industries all contribute to the market outlook. The versatility for producing creams, gels, and ointments makes them even more appealing in dermal and topical applications. Overall, the demand for dermal and topical applications is expected to increase steadily, driven by changing customer preferences and ongoing innovation in cosmetics and pharmaceutical formulations. Thus, such factors will drive the development of the market during the forecast period.

Type Analysis 

Based on the type, the market has been segmented into carbomer 940, carbomer 980, carbomer 934, and others. The carbomer 940 segment will account for the largest share of this segment.?Carbomer 940, a versatile polymer, is commonly employed in pharmaceutical formulations due to its ability to improve viscosity, stability, and drug delivery. The rising frequency of chronic diseases, expanding pharmaceutical and healthcare sectors, and a growing emphasis on sophisticated drug formulations are all likely to boost demand. Additionally, the polymer biocompatibility and safety add to its market potential. However, potential challenges such as regulatory complications and the requirement for strict quality standards must be addressed. Overall, the market segment projections are expected to be positive due to the changing healthcare landscape and rising demand for innovative formulations. Owing to such factors, the market is expected to experience significant growth during the forecast period.

Region Analysis

APAC is estimated to contribute 38% to the growth of the global market during the projection period. Technavio's analysts have provided extensive insight into the market forecasting, detailing the regional trends and drivers influencing the market's trajectory throughout the projection period.

For more insights on the market share of various regions Request Free Sample

The market in APAC is witnessing notable growth, propelled by improved healthcare infrastructure, increased access to medical services, and a surge in chronic diseases. Carbomers, crucial in formulating topical medications, ophthalmic solutions, and oral care products, are in high demand. Government support, exemplified by initiatives like India's "Make in India" and regulatory reforms, further stimulates the pharmaceutical industry, boosting demand for pharmaceutical-grade carbomers. Yet, challenges such as regulatory complexities and supply chain disruptions persist. Despite these hurdles, the APAC pharmaceutical-grade carbomers market is poised for a substantial shift, driven by rising manufacturing, government initiatives, and R&D efforts. Hence, such factors are driving the market growth in APAC during the forecast period.

Key Companies

Companies are implementing various market growth and forecasting strategies by analyzing factors such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product or service launches to enhance their presence in the market.

3V Sigma SpA: The company focuses on offering pharmaceutical-grade carbomers, namely Synthalen, which produces a wide range of viscosities and flow properties in topical lotions, creams and gels, oral suspensions, and transdermal gel reservoirs.

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including: 

Anhui Newman Fine Chemicals Co. Ltd., Arihant Innochem Pvt. Ltd., Ashahi Chemical Industries Pvt. Ltd., Ashland Inc., Azelis SA, Berkshire Hathaway Inc., Corel Pharma Chem, East India Chemicals International, Evonik Industries AG, Golden Falcon General Trading LLC, Guangzhou Tinci Advanced Materials Co. Ltd., HENAN JINHE INDUSTRY CO. LTD., IMCD NV, JENE CHEMICALS, Libraw Pharma Excipients Pvt. Ltd., Maruti Chemicals, Merck KGaA, Muby Chemicals,  Pioma Chemicals, Shreeji Pharma International, Sumitomo Seika Chemicals Co. Ltd., The SNF Group, Unilong Industry Co. Ltd, and Vizag Chemical International

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. 

Segment Overview

The market report predicts market growth by revenue at global, regional & country levels and provides a market growth analysis of the latest trends and growth opportunities from 2018-2028. 

• Application Outlook 
  • Dermal and topical
  • Ophthalmic
  • Oral care
  • Others

• Type Outlook
  • Carbomer 940
  • Carbomer 980
  • Carbomer 934
  • Others

• Region Outlook 
  • North America
    • The U.S.
    • Canada
  • Europe
    • The U.K.
    • Germany
    • France
    • Rest of Europe
  • APAC
    • China
    • India
  • South America
    • Chile
    • Brazil
    • Argentina
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • Rest of the Middle East & Africa

Market Analyst Overview:

The market is facing a decline amidst challenges such as government regulation due to concerns over benzene polymerized carbomer, labeled a carcinogen linked to leukemia and other blood diseases in humans. Despite this, demand remains strong, particularly in sectors like the cosmetic industry, medicine, and hygiene. The market is also influenced by rheology, viscosity suspending, aerosol medication, and ability mucilage. Factors such as rapid infrastructure development and increasing health consciousness continue to drive growth. Pharmaceutical grade carbomers play a crucial role in enhancing bioavailability and ensuring high adhesion for drug delivery gel systems used in various applications such as ophthalmology, nasal, intestinal, and rectal drugs. They serve as suspension stabilizers, tablet binders, mucoadhesive aids, and bioavailability enhancers in the pharmaceuticals industry while driving factors also finding applications in paints, gels, coatings, dyestuffs, surfactants, and cleaner applications as a stabilizer and thickening agent. Despite challenges like lockdowns, social distances, and trade bans affecting supply chains and economies, market opportunities persist, driven by the need to enhance quality of life and meet demands in beauty & personal care and luxury sectors.

Further, personal care brands rely on carbomers for consistency and ensure the smooth flow of cosmetics, acting as an essential suspending agent for tiny particles, exfoliants, and essential oils in aerosol medication products and pharmaceutical products like hair styling gel, moisturizing gels, bath gels, hand lotions, body lotions, and face lotions. With their sustained-release properties and ability to provide permanent suspension, pharmaceutical grade carbomers remain integral in both cosmetic creams and pharmaceutical formulations for their creamy sensory profile and rheology modifiers. Despite facing challenges, the carbomers market continues to evolve to meet diverse industry needs and consumer demands. Pharmaceutical Grade Carbomers play a crucial role in the healthcare industry, especially in the formulation of hand sanitizers. Their suspending ability and ability to maintain mucilage clarity make them essential in producing products that meet the stringent standards of regulatory bodies like the Food and Drug Administration (FDA). Despite their significance, factors like consumer expenditure and specific constraints in the healthcare industry act as restraining factors. Various carbomer grades are employed in formulations, including emulsions and heavy gels. Their relative ion shear tolerance enhances their suitability for different applications within the pharmaceutical and healthcare sectors, contributing to their importance in various formulations within the pharmaceutical market.

Request Free Sample

What are the Key Data Covered in this Market Research Report?

• CAGR of the market forecast during the forecast period
• Detailed information on factors that will drive the growth of the market  between 2023 and 2028
• Precise estimation of the market  size and its contribution to the market in focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the market across APAC, Europe, North America, South America, and the Middle East and Africa
• Thorough market analysis and report of the market’s competitive landscape and detailed information about companies
• Comprehensive market research and growth analysis of factors that will challenge the growth of market companies

We can help! Our analysts can customize this market research report to meet your requirements. Get in touch