Global Carbomers Market Outlook 2028

Global Carbomers Market Analysis 2019-2028

Carbomers are white powder composed of an acrylic of acrylic acid which is used as a thickening agent for producing various goods. The global carbomers market is estimated to grow at a CAGR of 8.04% during the forecast period, i.e. 2021-2028. People today are more inclined towards using safe products for their health and hygiene. Using of advanced technology for manufacturing of nontoxic chemicals used in personal care products & cosmetics, HI&I products, pharmaceuticals and many other end-use sectors expected to boost the global carbomer market. Moreover, the sudden rise in demand for hand sanitizers in the global market owing to the COVID-19 pandemic is expected to drive the growth of the global carbomers market in the coming years.

The carbomers market consists of various segments which include segmentation by product, polymer-type, application, end-use and by region. The market is further divided by application into emulsifiers, thickeners dispersing agent, conditioning agent and others. Out of these, the thickeners segment is expected to hold the largest market share with a CAGR of around 8% during the forecast period. These thickeners are used in many products with high viscosity, increasing the demand for the carbomers market.

Based on region, the global carbomers market is segmented into five major regions including North America, Latin America, Europe, Asia Pacific, Middle East and Africa. The market in Asia-Pacific registered a significant market share of around 50% of the global market. Further, the market in the region is also anticipated to grow by a significant CAGR during the forecast period. The increasing research and development in Asia-Pacific have efficiently increased the adoption & development rate of carbomers in pharmaceuticals, personal care products & cosmetics, and homecare products.

Some of the affluent industry leaders in the global carbomers market are Anhui Newman Fine Chemicals Co. Ltd., Evonik Industries AG, The Lubrizol Corporation, Maruti Chemicals, Ashland, SUMITOMO SEIKA CHEMICALS CO. LTD., Surfachem Group Ltd, and Amnem.