In a recent published report, Kenneth Research has updated the market report for Carbomers Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Carbomers Market products.
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Moreover, amongst all the continents that used pesticides, Asia registered as the largest user of pesticides by attaining a share of 52.4% in the year 2018. It was followed by the Americas, Europe, Africa and Oceania with 32.3%, 11.6%, 2% and 1.7% respectively. The statistics also stated that China was the largest user of pesticides amongst all the nations worldwide, utilizing 1,763,000 tonnes of pesticides for agricultural use.
Global Carbomers Market Analysis 2019-2028
The Carbomers Market is predicted to grow with a robust CAGR during the forecast period. Some of the significant factors that are anticipated to drive the market are the growing investments from the multinational companies in several nations worldwide to develop production facilities that can promote the production growth, backed by the rising need for chemicals from several end-user industries for different end-use purposes. According to the statistical report titled “Global Chemicals Outlook II”, published by the United Nations Environment Programme, the global chemical industry’s production capacity almost doubled to reach 2.3 billion tonnes in the year 2017 from 1.2 billion tonnes in the year 2000. Moreover, increasing spending on research and innovation (R&I) for the development of advanced chemicals is also anticipated to drive the growth of the market over the forecast period.
Carbomers are white powder composed of an acrylic of acrylic acid which is used as a thickening agent for producing various goods. The global carbomers market is estimated to grow at a CAGR of 8.04% during the forecast period, i.e. 2021-2028. People today are more inclined towards using safe products for their health and hygiene. Using of advanced technology for manufacturing of nontoxic chemicals used in personal care products & cosmetics, HI&I products, pharmaceuticals and many other end-use sectors expected to boost the global carbomer market.
“The Final Report will cover the impact analysis of COVID-19 on this industry (Global And Regional Market).”
Moreover, the sudden rise in demand for hand sanitizers in the global market owing to the COVID-19 pandemic is expected to drive the growth of the global carbomers market in the coming years.
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The carbomers market consists of various segments which include segmentation by product, polymer-type, application, end-use and by region. The market is further divided by application into emulsifiers, thickeners dispersing agent, conditioning agent and others. Out of these, the thickeners segment is expected to hold the largest market share with a CAGR of around 8% during the forecast period. These thickeners are used in many products with high viscosity, increasing the demand for the carbomers market.
Based on region, the global carbomers market is segmented into five major regions including North America, Latin America, Europe, Asia Pacific, Middle East and Africa. The market in Asia-Pacific registered a significant market share of around 50% of the global market. Further, the market in the region is also anticipated to grow by a significant CAGR during the forecast period. The increasing research and development in Asia-Pacific have efficiently increased the adoption & development rate of carbomers in pharmaceuticals, personal care products & cosmetics, and homecare products.
“The Final Report will cover the impact analysis of COVID-19 on this industry (Global And Regional Market).”
Prominent Key Players of Global Market:
Some of the affluent industry leaders in the global carbomers market are Anhui Newman Fine Chemicals Co. Ltd., Evonik Industries AG, The Lubrizol Corporation, Maruti Chemicals, Ashland, SUMITOMO SEIKA CHEMICALS CO. LTD., Surfachem Group Ltd, and Amnem.
Business Questions answered by the report
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- What are the probable growth drivers for the growth of the market?
- What exactly is the remuneration that each geography holds?
- Which region is anticipated to accumulate the maximum market share by the end of the forecast period?
- What are the revenues of the segments for the Market?
- Who are the key players for the 5G Base Station market?
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“The Final Report will cover the impact analysis of COVID-19 on this industry (Global And Regional Market).”
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