Research Nester has released a report titled “Carbomers Market – Global Demand Analysis & Opportunity Outlook 2028” which also includes some of the prominent market analyzing parameters such as industry growth drivers, restraints, supply and demand risk, market attractiveness, year-on-year (Y-O-Y) growth comparisons, market share comparisons, BPS analysis, SWOT analysis and Porter’s five force model.
The pandemic situation of 2020 is majorly affecting business setups all over the world. Owing to the increasing demand for hand sanitizers there has been a boost in the global carbomer market as carbomers are a key ingredient in sanitizers. Moreover, the carbomers market is estimated to witness significant growth over the next 10 years. In 2019, the market generated revenue of USD 1,1041.45 Million and is estimated to grow at a CAGR of 8.04% during the forecast period, 2021-2028.
In the current scenario, carbomers have become the choice of polymers to formulate various products owing to their unique characteristics. Material experts and research workers engaged in the study and evaluation of carbomer polymers' different features are continually increasing. As a result, carbomers' potential as a versatile polymer is expected to increase over the forthcoming years significantly.
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Regionally, the global carbomers market is segmented into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa region. Among the market in these regions, the Asia Pacific carbomers market held 51.5% of the global market share in the year 2019 and is estimated to witness highest growth throughout the forecast period. Products using advanced polymer technology and with nontoxic chemical-based properties are increasing the deployment of carbomers, which is a major factor supporting the growth of the market in the region.
The carbomers market is divided by application into emulsifiers, thickeners, dispersing agents, conditioning agent and others, among which the thickeners segment is estimated to witness the highest growth rate on the back of growing demand for personal care products & cosmetics, by growing with a CAGR of 8.35% during the forecast period in the global carbomers market. Additionally, the market is segmented by polymer type dividing into homopolymer, copolymer and interpolymer. Homopolymer has low to high viscosity range which places it in a prime position in the market.
Growing Demand for Personal Care Products, Cosmetics & Hand Sanitizers with Nontoxic Chemicals to Propel the Market Growth
With rising awareness among people about benefits of using natural skin products and engaging in healthcare treatment, consumers are avoiding the chemically strong products on a large scale. The demand for nontoxic chemicals has driven key players to invest towards mild agents to use in end products, thereby raising the sales of consumer products globally. On the back of various factors such as advanced technologies for polymerization with skilled labors, maintaining customer retention and uninterrupted business, the global carbomers market is estimated to grow significantly in coming years.
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On the other hand, limited availability of raw materials and their volatile price in the global market is expected to act as a hindrance in the growth of the carbomers market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the carbomers market, which includes company profiling of Anhui Newman Fine Chemicals Co. Ltd., Evonik Industries AG (ETR: EVK), The Lubrizol Corporation, Maruti Chemicals, Ashland (NYSE: ASH), SUMITOMO SEIKA CHEMICALS CO. LTD. (TYO: 4008), Surfachem Group Ltd, and Amnem.
The profiling enfolds key information of the companies which comprises of business overview, products and services, key financials and recent news and developments. Conclusively, the report titled “Carbomers Market – Global Demand Analysis & Opportunity Outlook 2028”, analyses the overall carbomers industry to help new entrants to understand the details of the market. In addition to that, this report also guides existing players looking for expansion and major investors looking for investment in the global carbomers market in the near future.
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