Carbomer is a term used for a series of polymers mainly made from acrylic acid. It is white, fluffy powders but frequently used as gel in cosmetic & personal care products. It can be found in a wide variety of product types such as skin, nail, hair, and makeup products, as well as dentifrices. It is thickening agent which helps control the viscosity and flow of the cosmetic products. It also helps distribute & suspend insoluble solids into liquid, and prevent the oil & liquid parts of a solution from separating. It has the ability to absorb & retain water, and can swell up to 1000 times its original volume when dispersed in water. Apart from this, few of the side effects are photo-contact allergenicity, skin irritation, low potential for phototoxicity, and sensitization at concentrations up to 100%
According to study, “World Carbomer Market Research Report 2024(Covering North America, Europe, China, South East Asia, Japan and India)” the key companies operating in the world carbomer market are The Lubrizol Corp., Corel Pharma Chem, SNF Floerger S.A.S, Guangzhou DX Chemical Co. Ltd., Guangzhou Tinci Materials Technology Co. Ltd., Ashland Global Specialty Chemicals Inc., Anhui Newman Fine Chemicals Co. Ltd., Sumitomo Seika Chemicals Company Ltd., Sino Lion, Newman Fine Chemical, Maruti Chemicals, Evonik Industries AG, Arkema, Zaozhuang DongTao Chemical Technology Co. Ltd., Nippon Shokubai Co. Ltd., ShanDong XinTai Water Treatment Technology Co. Ltd., Zouping Dongfang Chemical Industry Co., Ltd., Henan Qingshuiyuan Technology Co., Ltd., AkzoNobel.
Based on product type, carbomer market is segmented into carbomer 941, carbomer 934, carbomer 940, carbomer1342 and others. Based on physical shape, market is segmented into powder, liquid, solid, crystals and granules. Based on packaging, market is segmented into bottles, bags, drums and others. In addition, based on application, market is segmented into personal care & cosmetics industry and pharmaceutical industry. Personal care products include styling gel, sunscreen, shampoo, facial moisturizer, anti-aging treatment, cleanser & scrubs and eye cream.
The carbomer market is driven by increase in consumption of cosmetic products, followed by rise in population, growth in healthcare infrastructure, rise in purchasing power parity of emerging nations, growth in detergent industry, rise in paint & coatings industry, growth in construction industry and increase in investments in research & development (R&D). However, the concentration of carbomer needed in the end-use manufacturing is lower as compared to that of other emulsifiers, which is a hindrance to the growth of the global Market
Based on geography, USA country is the largest supplier of carbomer owing to increase in sales of male personal care products in the country. China country is expected to witness higher growth rate due to rise in disposable personal income and increase in revenue generated in the personal care industry over the forecast period. It is estimated that the carbomer market will be reached at quick pace on account of rise in demand from adhesive industry during the forecast period. The worldwide market is anticipated to grow at a CAGR of roughly 8.1% over the next five years, will reach US $1380 million in 2024, from US $ 940 million in 2019.
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Ankur Gupta, Head Marketing & Communications