Global Carbomer Market By Type (Carbomer 940, Carbomer 980, and Carbomer 934), By Application (Personal Care and Cosmetics Industry, and Pharmaceutical Industry), By Region and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2021-2030 (Includes Business Impact of COVID-19)

                                          
Report updated on 11th September, 2021: Global Carbomer Market By Type (Carbomer 940, Carbomer 980, and Carbomer 934), By Application (Personal Care and Cosmetics Industry, and Pharmaceutical Industry), By Region and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2021-2030 (Includes Business Impact of COVID-19)
Trusted Business Insights has published a comprehensive market research report on, Global Carbomer Market by Product Type (Carbomer 940, Carbomer 980, Carbomer 934 and Other Types), By Application (Personal Care and Cosmetics Industry, Pharmaceutical Industry) and by Region -Global Forecast to 2030. It offers a holistic view of the Global Carbomer Market through systematic segmentation that covers every aspect of the target market.

The Global Carbomer market was valued at US$ 863.6 Mn in 2020 and is expected to reach US$ 2,101.5 Mn by 2030 at a CAGR of 9.3%.

Carbomer is a fluffy white powder that is used in lotions and other cosmetic formulas as a thickener, stabilizer and emulsifier. Carbomer is the generic term used for different polymers made up of acrylic acid.

Dry carbomer is a white powder which is used in cosmetic products and personal care products. The role which carbomer plays in these industries and products is to suspend solid in liquid, preventing the emulsion from spreading and controlling the consistency in the flow of cosmetic products. Carbomers are classified based on the molecular weight and specific components of the polymer.

Carbomer has different advantages like it has excellent water thickening properties, even with a small amount of polymer. It is great at making aqueous or alcoholic clear gels and can also make water stable in oil in water emulsion.

Global Carbomer Market Revenue (US$ Mn), 2021 to 2030

Increase in the consumption of cosmetic products by men is expected to drive the growth of the Global Carbomers Market. The betterment of healthcare infrastructure, around the globe, is expected to accelerate the market growth of carbomers, which are also used in the pharmaceutical industry. Increasing the research and development expenditure of carbomer manufacturers is estimated to boost the market growth.

However, the concentration of carbomer needed in the end-use industries is lower as compared to that of other emulsifiers, which is a hindrance to the growth of the Global Carbomer Market. Nonetheless, due to the increase in the amount of disposable income, people are spending more on personal care products, which is also helping the growth of the Global Carbomer Market. This, coupled with the rise in purchasing power parity of emerging nations, is likely to assist in the growth of the personal care industry and which in turn, boost the demand for carbomer.

Global Carbomer Market is segmented on the basis of product type, application and region. On the basis of product type, the market is segmented into Carbomer 940, Carbomer 980, Carbomer 934 and other types. The Carbomer 940 accounts for the majority share of 38.3% in the Global Carbomer Market, which is estimated to grow with a CAGR of over 7%. The Carbomer 934 is estimated to register the highest growth rate over the forecast period with a CAGR of over 11%.

Global Carbomer Market by Product Type, 2018

On the basis of application, the market is segmented into the Personal Care and Cosmetics Industry, and Pharmaceutical Industry. The Pharmaceutical Industry segment accounts for a majority share in the Global Carbomer Market. It is estimated to grow at a steady pace during the forecasted period, boosting the drive of the global market.

On the basis of region, the market is segmented into the USA, Europe, Japan, China, India, Southeast Asia, Brazil and others. China accounts for the majority share in the Global Carbomer Market with a market share of 33.9% and is expected to grow with a CAGR of over 10% by 2028. India is expected to register the highest growth rate over the forecast period with a CAGR of over 11%.
The research report on the Global Carbomer Market includes profiles of some of the major companies such as The Lubrizol Corporation, Guangzhou Tinci Materials Technology Co. Ltd., Sumitomo Seika Chemicals Company Ltd., Evonik Industries AG, SNF s.a.s., Anhui Newman Fine Chemicals Co. Ltd., Corel Pharma Chem, Maruti Chemicals, Guangzhou DX Chemical Co. Ltd., etc.


Below are the active patents related to Carbomer Market.

Patent Number: EP1411899A2

Taste masking composition

Abstract

A composition for delivery of a medicament that has a bitter taste and/or causes throat catch is provided. The composition contains Carbomer 934, Carbomer 971, Carbomer 974, PEG-5M or a mixture thereof in an amount sufficient to mask the bitter taste of the medicament and/or throat catch.

Application filed by Date: 2002-08-01

Application Granted Date: 2009-03-11

Current Assignee: Bristol Myers Squibb Co

Key Market Segments

By Type

Carbomer 940
Carbomer 980
Carbomer 934
Others

By Application

Personal Care and Cosmetics Industry
Pharmaceutical Industry
Key Market Players included in the report:
Anhui Newman Fine Chemicals Co. Ltd.
Corel Pharma Chem
Cosmotec
DX Chemical
Evonik Industries AG
Grupo Craft
Guangzhou Tinci Materials Technology Co. Ltd.
Maruti Chemicals
Newman Fine Chemical
SNF Floerger
Spectrum
Sumitomo Seika Chemicals Company Ltd.
The Lubrizol Corporation
Tinci Materials
Univar Solutions

Below are the key development related to Carbomer Market in 2020 and 2021.

March 2021: Aequus Launches Evolve Eyedrops to Eye Care Professionals in Canada. Aequus Pharmaceuticals. Aequus Pharmaceuticals Inc. (TSX-V: AQS, OTCQB: AQSZF) (“Aequus” or the “Company”), a Canadian specialty pharmaceutical company announces the commercial availability of EvolveTM preservative free lubricating eye drops for dry eye care. These premium formulations - ‘Intensive Daily’ drops, with the gold standard 0.2% sodium hyaluronate, and the unique, triple action ‘Intensive Gel’ drops, containing hyaluronate, carbomer 980 and glycerol - will provide soothing hydration and symptom relief for patients with dry eye disease. The products will be available exclusively for sale by eye care clinics in Canada, where patients can receive the full benefit of dry eye treatment plans when they are diagnosed, prescribed, and monitored by eye care professionals. Source

October 2020: Aequus Receives Approval for New ‘Evolve - Intensive Gel’ Lubricating Eye Drops in Canada. Aequus Announces Approval of Third Revenue Generating Product. Aequus Pharmaceuticals Inc. (TSX-V: AQS, OTCQB: AQSZF) (“Aequus” or the “Company”), a specialty pharmaceutical company announced that together with its partner, Medicom Healthcare Ltd. (“Medicom”), has been issued a new Medical Device License for the first of three product submissions made for the EvolveTM preservative free dry eye product line. The new Medical Device License has been issued for EvolveTM Intensive Gel – a unique cross linked combination of Carbomer 980, Hyaluronate and glycerol – which act together to provide intensive, durable hydration for patients with moderate to severe forms of Dry Eye Disease. The formulation will be made available in an easy-squeeze eye drop bottle, containing 360 drops, and no preservatives, phosphates or buffers. Evolve Intensive Gel is a one-of-a-kind formulation in Canada, and is only the first of a full line of Eye Care Professional Exclusive products being launched by Aequus, that will not only improve treatment and compliance for better patient outcomes, but create an improved revenue stream for Eye Care professionals who spend additional time and resources treating dry eye patients in practice,” said Grant Larsen, Chief Commercial Officer at Aequus. Source