Film Formers Market Report 2025

The film formers market size has grown strongly in recent years. It will grow from $1.69 billion in 2024 to $1.79 billion in 2025 at a compound annual growth rate (CAGR) of 6.2%. The growth during the historic period can be attributed to the increased demand for cosmetics, a rise in skincare usage, expansion in pharmaceutical coatings, growth in personal care, and a surge in industrial applications.

The film formers market size is expected to see strong growth in the next few years. It will grow to $2.26 billion in 2029 at a compound annual growth rate (CAGR) of 5.9%. The growth expected in the forecast period can be attributed to the rising demand for organic formulations, the expansion of food coatings, the growth of the paints and coatings industry, increased adoption in medical devices and drug delivery systems, and higher disposable incomes. Key trends during this period include technological innovations, eco-friendly developments, water-based formulations, smart encapsulation trends, and advancements in polymer chemistry.

The increasing demand for personal care products is expected to drive the growth of the film formers market. Personal care encompasses products and practices used for hygiene, grooming, skincare, and overall body care to maintain health and appearance. As consumers become more conscious of the importance of personal hygiene, skincare, and grooming to prevent damage, delay aging, and maintain a healthy appearance, the demand for personal care items continues to rise. Film formers contribute to these products by creating a protective, flexible layer on the skin, hair, or nails, which enhances durability, moisture retention, and overall product performance. For example, in September 2023, the Bureau of Labor Statistics, a US-based government agency, reported that consumer spending on personal care products increased by 12.3% in 2022, reaching $866, compared to $771 in 2021. As a result, the growing demand for personal care products is fueling the growth of the film formers market.

Companies in the film formers market are working on developing advanced polymer formulations, such as water-resistant products, to improve durability, adhesion, and the longevity of products in various applications. Water-resistant materials are designed to repel water, preventing moisture absorption and degradation, thus enhancing durability and performance. These products are particularly useful in applications such as cosmetics, coatings, and pharmaceuticals. For instance, in April 2024, Roquette Frères S.A., a France-based chemical manufacturing company, introduced beauté by Roquette ST 730, a pea-based biodegradable film former at in-cosmetics Global 2024. This product meets the demand for sustainable cosmetics and offers higher water resistance than synthetic film formers such as PVP and pullulan. It also provides a visible lifting effect in skincare and eye care and has been clinically proven to reduce fine lines and wrinkles, making it ideal for long-lasting makeup applications.

In April 2024, Clariant AG, a Switzerland-based specialty chemicals company, acquired Lucas Meyer Cosmetics for $810 million. The acquisition strengthens Clariant's portfolio in natural and sustainable cosmetic ingredients, fostering innovation and growth in the personal care sector. Lucas Meyer Cosmetics S.A.S., a Canada-based manufacturer, specializes in providing active ingredients, functional ingredients, and delivery systems for personal care products.

Major players in the film formers market are BASF SE, Dow Inc., Shin-Etsu Chemical Co. Ltd., Evonik Industries AG, Solvay S.A., Akzo Nobel N.V., Eastman Chemical Company, DSM-Firmenich AG, INOLEX Inc., Lubrizol Corporation, Wacker Chemie AG, Kuraray Co. Ltd., Roquette Frères S.A., Clariant AG, Croda International Plc, Ashland Global Holdings Inc., Momentive Performance Materials Inc., Innospec Inc., Sensient Technologies Corporation, 3V Sigma S.p.A.

North America was the largest region in the film formers market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in film formers report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the film formers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Film formers are chemical substances that, when applied to a surface, create a continuous, uniform, and cohesive film. Upon drying or curing, these materials form a protective or functional layer that improves the properties of the underlying surface.

Film formers are mainly categorized into synthetic and natural types. Synthetic film formers are man-made polymers that create durable, flexible, and protective layers, enhancing characteristics such as adhesion, water resistance, and longevity in various applications. These compounds include acrylates, acrylamides, glycerin, and others, which are utilized in fields such as personal care, paint formulations, and medical equipment products.

The film formers market research report is one of a series of new reports that provides film formers market statistics, including the film formers industry global market size, regional shares, competitors with the film formers market share, detailed film formers market segments, market trends, and opportunities, and any further data you may need to thrive in the film formers industry. This film formers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The film formers market consists of sales of paints, coatings, cosmetics, adhesives, and sealants. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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