Carbomer Market Size, Share, Growth Analysis, By Type(Carbomer 940, Carbomer 980, Carbomer 934, Other Carbomer), By Application(Personal Care, Cosmetics Industry, Pharmaceutical Industries), By Region - Industry Forecast 2024-2031

Carbomer Market size was valued at USD 798.2 million in 2019 and is poised to grow from USD 850.4 million in 2023 to USD 1503.97 million by 2031, growing at a CAGR of 6.54% in the forecast period (2024-2031).

The Carbomer market is relatively fragmented, with a high level of competition. Few large players, like ABB Ltd, Honeywell, and Kiva Systems, now control the market in terms of market share. These industry leaders are extending their customer base across several areas, and many corporations are creating strategic and collaborative initiatives with other start-up enterprises to enhance their market share and profitability. 'Lubrizol Corporation', 'Ashland Holdings Inc.', 'Evonik Industries AG', 'Sumitomo Seika Chemicals Co., Ltd.', 'The Dow Chemical Company', 'Maruti Chemicals Company', 'SNF Floerger', 'Noveon, Inc.', 'Anhui Newman Fine Chemicals Co., Ltd.', 'Ametek, Inc.', 'Chemtex Speciality Limited', 'AcryliCon Polymers GmbH', 'R.T. Vanderbilt Holding Company, Inc.', 'SDP Co., Ltd.', 'Corel Pharma Chem', 'Shree Chemicals', 'DFE Pharma', 'GLS Corporation', 'NovaMatrix', 'Allergan, Inc.', 'In June 2022, Evonik Germany launched a polymer named Polyvest eco, there is a novel range of liquid polybutadienes. This butadiene is used in manufacturing products and can reduce the use of fossil fuels by 99%.', 'In march 2022, Lubrizol a US-based company introduced a tolophi biotech ingredient that helps in retaining moisture and redeeming facial coherence with its amazing properties.'

The increasing awareness in people regarding health and well-being is the major driving factor for the additives in the parma industry those are to be carbomer. These carbomers help the medication to be more bio-available and maintain its quality consistency and thickness throughout the product cycle. The carbomer 940 is used in various gel-based and ophthalmology products as a rheology modifier. These are some of the key usages of the carbomer products in the healthcare and pharmaceutical industry and are anticipated to grow in the coming time.

With increasing income and standard of living in many evolving economies has seen spending on self-care products and various cosmetics items and also on several luxurious wellbeing products too. The carbomer which is used as an additive helps in maintaining the texture and consistency of the product that defines the quality of cosmetics. For these reasons, the carbomer market will see a huge demand in the coming period.

In 2021, the Asia Pacific is expected to hold around 35 % of the universal carbomer market. China accounted for a lion’s share in the c arbomer market and this contribute to the dominance of the segment in the region. The growing population and increasing disposable income in the region is one of the major factors for propelling the growth of personal care products and this in turn is pushing the carbomer market growth in the region.