EINPresswire/ -- The global carbomer market size was valued at USD 758.9 million in 2023. The market is projected to grow from USD 805.3 million in 2024 to USD 1,299.4 million by 2032, recording a CAGR of 5.8% during the forecast period of 2024-2032. Asia Pacific dominated the carbomer market with a market share of 37.60% in 2023. Fortune Business InsightsTM has presented this information in its report titled, “Carbomer Market, 2024-2032”. Carbomers are cross-linked acrylic acid polymers with a high molecular weight. It is polymerized using solutions, such as benzene and ethyl acetate, as well as cross-linking agents such as polyallyl sucrose and pentaerythritol polyallyl ether.

➡️ Industry Segments

On the basis of type, the market is divided into carbomer 940, carbomer 934, carbomer 980, and others. On the basis of application, the market is segmented into pharmaceutical industry, personal care and cosmetics, and others. Geographically, the market is classified into Latin America, Asia Pacific, North America, Europe, the Middle East & Africa.

𝐆𝐞𝐭 𝐚 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐏𝐃𝐅:

➡️List of Key Market Players:

• Lubrizol (U.S.)
• Tinci Materials (China)
• SNF Floerger (France)
• Evonik Industries (Germany)
• Sumitomo Seika (Japan)
• Newman Fine Chemicals (China)
• Corel Pharmachem (India)
• DX Chemicals (China)
• Maruti Chemicals (India)
• Amnem (India)

➡️Report Coverage

The research report provides a comprehensive analysis of the market, focusing on critical factors such as types, applications, and leading companies. It also provides market analysis, insights into market trends, quantitative data in terms of volume and value, market research methodology, and highlights critical industry developments and the competitive landscape. In addition to the factors mentioned above, the report includes a number of other factors that contributed to the market's growth in recent years.

➡️Drivers & Restraints

Market Growth will be Fueled by Increasing Demand from Pharmaceutical Industry

The pharmaceutical industry's increasing adoption will boost the market growth. Factors such as rising consumer health consciousness and rapid infrastructure development in the healthcare industry have boosted the pharmaceutical industry globally. Such factors contributed to an increase in product demand in the pharmaceutical industry. High adhesion, bioavailability, sustained-release properties, and permanent suspension are all features of the product. As a result, it is an ideal component for drug delivery gel systems and is appropriate for oral, ophthalmology, rectal drugs, intestinal, vaginal, and nasal product applications. The government policies imposed on benzene polymerized carbomer to minimize its use in the pharmaceutical industry are restricting the carbomer market growth.

𝐁𝐫𝐨𝐰𝐬𝐞 𝐃𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐒𝐮𝐦𝐦𝐚𝐫𝐲 𝐨𝐟 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐰𝐢𝐭𝐡 𝐓𝐎𝐂:

➡️Regional Insights-

Asia Pacific to be a Dominant Region of Global Market

In 2020, the Asia Pacific carbomer market share was valued at USD 258.4 million. China dominates the regional market, owing to increased product consumption across all end-use industries. The increase is attributed to the growing population, rising consumer healthcare spending, and favorable government regulations.

The U.S. is the largest consumer in North America. The rapid expansion of the healthcare industry, combined with increased R&D activities, has fueled the market growth.

Consumers' increased online purchases of cosmetic products will boost product adoption in this region. Over the years, the presence of large-scale manufacturers such as Unilever, Estée Lauder, and L'Oréal in Europe has created a healthy competition in the regional cosmetics industry.
Customers in Latin America have become more aware of the advantages of cosmetic and pharmaceutical products. The region's steadily growing consumer urge for a healthy lifestyle has presented a concrete roadmap for both domestic and foreign players to put more money into the domestic cosmetics industry.

Since certain product grades are accepted as halal-certified cosmetic ingredients, wherein the increasing adoption of halal personal care products in the Middle East and Africa is driving the market growth.

➡️Competitive Landscape-

Lubrizol, Tinci Materials, Evonik Industries, and DX Chemicals are among the market's major players. Lubrizol is a global specialty chemical company with operations in over 100 countries. It provides products and services to a variety of industries, including beauty and personal care, pharmaceuticals, energy solutions, homecare, lubricants, and water treatment.

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➡️Industry Development-

April 2024: Lubrizol Life Science Beauty (LLS Beauty) launched a biodegradable and sustainable carbopol polymer: the Carbopol Fusion S-20 polymer. The newly launched product is inherently biodegradable and offers efficient rheology modification by providing thickening and suspension properties like acrylate copolymers.

January 2024: The Lubrizol Corporation introduced a new visual identity for its Carbopol brand of carbomers. The color palette and key visuals of the newly designed logo reflect the company's vision for its Carbopol brand.

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