Global Carbomer Market growing at a CAGR of 7.3% from 2023 to 2030
Category : Materials And Chemicals | Published Date : Jun 2023
Key Market Overview
Consegic Business Intelligence analyzes that the carbomer market is predicted to grow at a compound annual growth rate of 7.3% from 2023 to 2030 and is expected to reach USD 1,487.10 Million in 2030 which was valued at USD 848.19 Million in 2022.
The report highlights the growing pharmaceutical and food & beverage industries that rises the demand for carbomer. Consegic Business Intelligence study also provides insights into the market's competitive landscape, market segmentation, regional outlook, and emerging technologies in the carbomer market.
Global Carbomer Market By Overview
The carbomer market is bifurcated into the type, form, application, and end-use industry. Based on type, the market is segmented into carbomer 940, carbomer 980, carbomer 974p, carbomer 934, carbomer 934p, and others. In 2022, the carbomer 940 segment dominate the overall carbomer market. The form segment is categorized into powder, gel, and liquid. In 2022, the gel segment accounted for the highest market share in the carbomer market. Based on the application, the market is segmented into skin care, hair care, ointments, dishwashing liquids, cleaning agents, food supplements, drilling fluids, pesticides, fertilizers, and others. In 2022, the skin care segment dominate the overall carbomer market. The end-use industry segment is categorized into personal care and cosmetic, pharmaceutical, food & beverage, household products, oil & gas, and others. In 2022, the food & beverage segment accounted for the highest market share in the carbomer market
Get Free SampleMarket Dynamics
Driver:
- Growing demand from the personal care industry is propelling the growth of the carbomer market.
- Increasing demand from the pharmaceutical industry is driving the demand for carbomer.
Restraints:
- Government regulation imposed on the use of carbomer is likely to impede market growth.
- The presence of natural alternatives to carbomer such as Amigel is likely to restraint the growth of the carbomer market
Market Segmentation:
| Report Attributes | Report Details |
| By Type | Carbomer 940, Carbomer 980, Carbomer 974p, Carbomer 934, Carbomer 934p, and Others |
| By Form | Powder, Gel, and Liquid |
| By Application | Skin Care, Hair Care, Ointments, Dishwashing Liquids, Cleaning Agents, Food Supplements, Drilling Fluids, Pesticides, Fertilizers, and Others |
| By End-Use Industry | Personal Care and Cosmetic, Pharmaceutical, Food & Beverage, Household Products, Oil & Gas, and Others |
| By Region | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Competitive Landscape :
The market is dominated by certain major companies such as The Lubrizol Corporation, Corel Pharma Chem., and Azelis Canada Inc. has a strong market position in current market circumstances. Further, the carbomer market is expected to witness significant growth in the coming years due to rising demand for various end-use industries such as food and beverage, pharmaceuticals, and others. The market players compete for a firm market position through mergers and acquisitions, product innovations, and business strategies. Thus, evolving research and developments are expected to help market players adopt innovative ways of product creation to cater to the growing needs of various end-users.
- The Lubrizol Corporation
- Sumitomo Seika Chemicals Co., Ltd.
- Corel Pharma Chem.
- Azelis Canada Inc.
- Anhui Newman Fine Chemicals Co., Ltd.
- Hopax Chemicals Mfg. Co., Ltd.
- Maruti Chemicals
- Shreeji Chem.
- Libraw Pharma
- Otto Chemie Pvt. Ltd.
- Ashahi Chemical Industries (P) Ltd.