Carbomers Market Share

APAC Market Statistics

The Asia Pacific carbomers market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2037. The growth of the market can be attributed majorly to the high production base of personal care and cosmetics, pharmaceuticals, and HI&I cleaning products backed by the growth in the regional population with the increasing spending capacity. The Asia Pacific region has a higher demand for cosmetics products, hence, the production is also high which is estimated to be the major growth factor of the regional market. For instance, China became the second largest country to spend money on cosmetics products where spent nearly USD 60 billion on cosmetics in 2022.

Europe Market Forecast

The European carbomers market, amongst the market in all the other regions, is projected to hold the second largest share during the forecast period. The growth of the market can be attributed majorly to the region’s high consumption of personal care and cosmetic products, top pharmaceutical manufacturing base, high adoption of carbomers in the region’s household, Industrial, or Institutional (HI&I) cleaning products, and many others. Europe has the world’s best healthcare facilities and robust healthcare infrastructure which is further driven by countries such as Germany, France, and the United Kingdom. For instance, around 7% of the European healthcare expenditure was estimated to be spent on medical technology in 2021.

North American Market Forecast

The North American carbomers market, amongst the market in all the other regions, is anticipated to hold a significant share during the forecast period. The growth of the market in the region can be ascribed to the rapid growth in the sales volume of cosmetics products in the region. Additionally, the United States became the country to sell the highest number of cosmetic products in the world. For instance, the natural beauty segment of the Cosmetics industry in North America is estimated to reach around USD 2 billion in 2023.