Consumption Of Cosmetic Products By Men Expected To Drive The Growth Of Global Carbomer Market

A linty white powder used in the manufacturing process of lotions, dentifrices and other cosmetic products is what a carbomer can be defined as. Also known as poly(1-carboxyethylene) by the international union of pure and applied chemistry (IUPAC). It acts as a stabilizer, emulsifier and/or thickener. It is the common term used for various polymers made up of acrylic acid. The role that dry carbomer plays in the role of the manufacture of these cosmetic products is that it allows for the suspension of solid in liquid products. By that, we mean that it hampers the flow of emulsion in cosmetic products. Its classification is based on molecular weight and other specific attributes of the polymer. It has excellent petrification properties, even in minuscule amounts. The perfect ingredient for making liquescent or alcohol-based gels and can even make water stable in oil.

Market.us has recently published a market research report titled, “Global Carbomer Market by Type, and by Application – Forecast from 2019 to 2028”. This report offers an in-depth analysis of the carbomer market. It is through methodical research efforts, both primary and secondary, that the research results have been exhaustively examined over the study period. The global carbomer market is projected to have a valuation of over US$ 1759.1 million, from its estimated revenue of US$ 722.9 million generated in 2018.

Thanks to its coagulating properties, carbomer has found a prominent place in the production of cosmetic products for men. And, with an ever-booming cosmetic product market, the carbomer market is set to witness greater growth. With the steady improvement of the global healthcare industry and the applications of this product in the pharmaceutical sector, the carbomer market is set for greater economic heights. However, the requirement of carbomer by end-use industries is lower than that of other emulsifiers and this factor is likely to hinder the growth of the global carbomer market. That being said, there has been a general increase in the average global spending power of individuals. And, with more people spending escalating amounts on personal care products, the view from the spyglass suggests that there would be a probable spurt in the growth of this carbomer market. The new-found expansion of the cosmetic industry in developing countries has only added fuel to the fire of the carbomer market.

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The global carbomer market can be segmented on the basis of product type, application, and region.

Product type: the market is sectioned into carbomer 940, carbomer 980, carbomer 934, etc. Carbomer 940 accounts for the lions share of the global market, reeling in about 38.3% of it and is expected to witness a CAGR of over 7%. However, carbomer 934 is slated to experience the highest rate of growth over the forecasted period with a projected CAGR of over 11%.

Application: segmentation occurs in the form of personal care & cosmetics and pharmaceutical applications. The pharmaceutical industry accounts for a majority of the global carbomer market and shows no signs of slowing down. As such, it in return will certainly give the global carbomer market a significant growth boost.

Region: on the grounds of regions, the market is segmented into North America, Europe, Japan, China, India, Southeast Asia, Brazil, followed by others. China takes the largest slice of the global cake with about 33.9% ownership and is projected to achieve a CAGR of 11% by the year 2028. Over the forecasted period, India is expected to index the highest rate of growth with a CAGR of over 11%.

To inquire more about this report connect with our research team at https://market.us/report/carbomer-market/#inquiry

The global carbomer market research report includes company profiles of major players 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.

source https://wiredrelease.com/press-release/consumption-of-cosmetic-products-by-men-expected-to-drive-the-growth-of-global-carbomer-market-2021-03-01