Carbomers Market Expansion Projected to Gain an Uptick During to 2031

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Carbomers: Introduction

• Carbomer or polyacrylic acid is a high molecular weight polymer obtained by the synthesis of potassium persulfate or azobisisobutyronitrile (AIBN). It is used in the production of polyacrylic acid sodium salt. It is used in agriculture, personal care, electronics, automobile manufacture, construction, and other applications.
• Carbomers are thickening agents that help control the viscosity and flow of cosmetic products. They also help distribute and suspend insoluble solids into liquid, and prevent the oil and liquid parts of a solution from separating. They have the ability to absorb and retain water, and can swell up to 1000 times their original volume when dispersed in water. Generally, this class of ingredients is used in gel-like formulations because it forms a colloidal, mucilage-like consistency when mixed in water.
• Carbomers are used in pharmaceutical processes as suspending agents, gel bases, emulsifiers, and binding agents. They are also used as artificial tears.

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Key Drivers and Restraints of Carbomers Market

• Carbomers are primarily employed in the personal care & cosmetics industry. Rapid increase in demand for sunscreen, exfoliators, masks, skin-tone correctors, and anti-aging and skin-lightning creams is the major factor that is expected to boost the carbomers market.
• Rise in consumer demand for anti-aging and skin-lightening or brightening skincare products owing to the increase in aging population is also a key factor driving the carbomers market. This has led to the development and formulation of innovative products with active ingredients, which cater to consumers specific skin requirements. Carbomers are widely used in such preparations. Some skincare products where carbomers are used are skin-lightening and brightening formulations, anti-aging and exfoliation formulations, masks, skin-tone correctors, sunscreens, and UV protection formulations.
• Pharmaceutical is one of the major end-use industries wherein carbomers are used in substantial quantities. These acrylic acid polymers provide functionality to pharmaceutical ingredients. The pharmaceutical industry has been expanding owing to the rise in demand for hand sanitizers and vitamin capsules for daily use. Carbomers are used for rheology modification, bio-adhesion, controlled release of solid dosage forms, and emulsification, among others.

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Carbomers: Product Segment

• In terms of product, the global carbomers market can be divided into Carbomer 940, Carbomer 980, Carbomer 934, and others
• The Carbomer 934 segment is projected to hold major share of the global carbomers market during the forecast period. Carbomer 934 is a cross-linked polyacrylate polymer, which exhibits stability at high temperature and viscosity along with short flow rheology characteristics.
• The Carbomer 940 segment is projected to follow the Carbomer 934 segment during the forecast period Carbomer 940 is a white powder, crosslinked polyacrylic acid polymer. It is an extremely efficient rheology modifier capable of providing high viscosity and forms sparkling clear gels or hydro-alcoholic gels and creams. It is suitable for all kinds of cosmetics such as creams, lotions, cleansing products, and sunscreen products. High demand for personal care & cosmetics products is driving the global carbomers market.

Carbomers: End-use Segment

• Based on end-use, the global carbomers market can be segmented into personal care & cosmetics, pharmaceuticals, homecare, and others
• The personal care & cosmetics segment is projected to gain higher share of the global market during the forecast period. Personal care industry is highly regionalized and diverse. Numerous products such as hair care, dyes, fragrances, nail care, bathing, and cosmetics use various chemical ingredients. Commonly used chemical ingredients are polymers, emulsifiers, pigments, thickeners, and surfactants. Therefore, continuous innovations in formulation of various skincare products using such chemical elements is a major factor driving the global market for carbomers in the next few years.
• The pharmaceuticals segment is projected to hold key share of the global carbomers market in the near future. Carbomers offer custom-designed chemicals, as well as expertise and proprietary knowhow in biopharmaceuticals, drug delivery, and nutraceuticals.

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COVID-19 Impact on Carbomers Market

• On January 30, 2020, the International Health Regulations Emergency Committee of the World Health Organization (WHO) declared the Coronavirus disease (COVID-19) outbreak a public health emergency of international concern. Originating in China, the virus has spread to at least 214 countries and territories around the world.
• Several governments and private sector businesses are operating at a limited capacity or have ceased operations completely due to recent events surrounding the COVID-19 pandemic
• Manufacture of various consumer goods and other products across the globe came to a halt due to the unavailability of raw materials, shortage of labor, and other reasons. This is expected to hamper the carbomers market.

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Asia Pacific to Hold Leading Share of Carbomers Market

• In terms of region, the carbomers market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
• Europe is expected to hold major share of the global carbomers market, followed by Asia Pacific and North America, during the forecast period. Europe is a key consumer of carbomers and has been the epicenter for the manufacture of personal care products. Carbomers are actively used as key ingredients in various personal care products. This is likely to boost the carbomers market in Europe in the near future.
• The carbomers market in Asia Pacific and North America is also projected to expand at a rapid pace in the near future