PUNE, April 20, 2022 (GLOBE NEWSWIRE) — The global carbomer market size is expected to reach USD 1,022.9 million by 2028, growing at a CAGR of 5.8% during the forecast period.Fortune Business InsightsTM presents this information in its report titled “Global Carbomer Market 2021-2028″.
The market is divided into carbomer 940, carbomer 934, carbomer 980, etc.The market is segmented into three segments based on application: pharmaceuticals, personal care, and cosmetics, among others.The market is segmented into Latin America, Asia Pacific, North America, Europe, Middle East and Africa.
The market research report provides a comprehensive analysis of the market, focusing on key factors such as leading companies, types, and applications.It also provides quantitative data on volume and value, market analysis, market research methodology, market trend insights, and highlights key industry developments and competitive landscapes.
Growing adoption of pharmaceuticals in the industry will drive market growth.The increasing health awareness of consumers and the rapid development of infrastructure in the healthcare industry have propelled the growth of the global pharmaceutical industry.However, government policy on benzene polymerized carbomer to reduce its usage in the pharmaceutical industry restrains the growth of the carbomer market.
The Asia Pacific carbomer market share is estimated at USD 258.4 million in 2020.China dominates the regional market in the region due to increased consumption across all end-use industries.The growth was attributed to population growth, increased consumer healthcare spending, and favorable government regulations.
The United States is the world’s largest consumer of carbomer.Rapid expansion of the healthcare industry coupled with increasing R&D activities is driving the market growth.
The increase in consumers buying cosmetics online will drive product adoption in the region.The European presence of large manufacturers such as Unilever, Estee Lauder and L’Oreal has created healthy competition in the regional cosmetics industry over the years.
Customers in Latin America are increasingly aware of the benefits of cosmetics and pharmaceuticals.The growing consumer demand for a healthy lifestyle in the region provides a concrete roadmap for domestic and foreign companies to increase investment in the domestic cosmetics industry.
The growing use of halal personal care products in the Middle East and Africa is driving market growth as certain product grades are accepted as halal certified cosmetic ingredients.
Key players in the market include Lubrizol, Tinsent Materials, Evonik Industries and DX Chemicals.Lubrizol is a multinational specialty chemicals company with operations in more than 100 countries, providing services and products to a wide range of industries, including personal and beauty care, pharmaceuticals, and more.
July 2021: The Lubrizol Corporation invests more than $25 million in its Calvert, Kentucky, manufacturing facility.The plant produces Carbopol polymers and Pemulen polymer emulsifiers.This investment will allow the company to increase production capacity and upgrade infrastructure at its Calvert City facility, while continuously improving safety and quality.
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