Carbomers Industry - Regional Synopsis
APAC Market Statistics
The Asia Pacific carbomers market is predicted to account for majority share by the end of 2037. The market growth is impelled by high production base of personal care and cosmetics, pharmaceuticals, and HI&I cleaning products backed by 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 is estimated to observe significant CAGR during the forecast period, propelled by 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.
