Press release
Film Formers Market Forecast 2025-2034: Comprehensive Analysis And Growth Opportunities
Film Formers Market Size
What Is the Projected Growth of the Film Formers Market?
In recent times, the market size for film formers has shown a robust growth. The market is set to expand from $1.69 billion in 2024 to $1.79 billion in 2025, indicating a compound annual growth rate (CAGR) of 6.2%. The historical growth of this market has been spurred by factors such as increasing demand for cosmetics, greater usage of skincare products, expansion in the sector of pharmaceutical coatings, the broadening scope of personal care, and a rising surge in industrial applications.
The market for film formers is predicted to witness robust expansion in the upcoming years, with expectations to reach a valuation of $2.26 billion in 2029, boasting a compound annual growth rate (CAGR) of 5.9%. The projected escalation during the forecast period can be associated with the surge in organic formulations, advancements in food coatings, expansion in the paints and coatings sector, increased application in medical devices and drug delivery systems, and the rise in disposable income. Key trends that are anticipated during the forecast period include the progression in technology, environment-friendly developments, water-based compositions, smart encapsulation tendencies, and improvements in polymer chemistry.
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What Are the Different Film Formers Market Segments?
The film formers market covered in this report is segmented -
1) By Product Type: Synthetic Film Formers, Natural Film Formers
2) By Compound: Acrylates, Acrylamides, Glycerin, Other Compounds
3) By Application: Personal Care Applications, Paint Formulations, Medical Equipment Formulations
Subsegments:
1) By Synthetic Film Formers: Acrylic Polymers, Polyvinyl Derivatives, Polyurethane Polymers, Polyester Polymers
2) By Natural Film Formers: Cellulose Derivatives, Protein-Based Film Formers, Starch-Based Film Formers, Natural Resin Film Formers
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What Are the Primary Drivers Shaping the Film Formers Market?
The film formers market is poised for growth due to a surge in the need for personal care. Personal care, which covers hygiene, grooming, skincare, and total body care for health and appearance maintenance, is rising as individuals are becoming more conscious of their need to safeguard against damage, prevent premature aging, and uphold a healthy appearance. Film formers add value to personal care products by forming a protective, pliable layer on the skin, hair or nails, hence enhancing durability, retaining moisture, and improving product performance. For example, data from the Bureau of Labor Statistics, a US government agency, indicated that in September 2023, the average consumer expenditure on personal care products rose 12.3%, going from $771 in 2021 to $866 in 2022. Consequently, the escalating demand for personal care is fueling the expansion of the film formers market.
Which Companies Are Leading in the Film Formers Market?
Major companies operating in the film formers market are BASF SE, Dow Inc., Shin-Etsu Chemical Co. Ltd., Evonik Industries AG, Solvay S.A., Akzo Nobel N.V., Eastman Chemical Company, DSM-Firmenich AG, INOLEX Inc., Lubrizol Corporation, Wacker Chemie AG, Kuraray Co. Ltd., Roquette Frères S.A., Clariant AG, Croda International Plc, Ashland Global Holdings Inc., Momentive Performance Materials Inc., Innospec Inc., Sensient Technologies Corporation, 3V Sigma S.p.A.
What Are the Major Trends Shaping the Film Formers Market?
Leading enterprises in the film formers industry are concentrating on the creation of advanced polymer mixtures like water-resistant products to augment longevity, bolster adhesion, and prolong the functional life of various applications. Products resistant to water are essentially materials engineered to ward off or endure water infiltration, barring moisture intake and deterioration. In various applications such as coatings, cosmetics, and pharmaceuticals, these products intensify durability and performance. For instance, Roquette Frères S.A., a chemical production company based in France, in April 2024, introduced beauté by roquette ST 730, a biodegradable film forming substance derived from peas at in-cosmetics Global 2024, satisfying the market need for environmentally friendly cosmetics. Compared to synthetic film formers like PVP and pullulan, this component offers superior water resistance, magnifying the longevity of makeup applications. It is scientifically verified to lessen fine lines and wrinkles, offering a noticeable lifting impact in skincare and eye care.
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What Are the Top Revenue-Generating Geographies in the Film Formers Market?
North America was the largest region in the film formers market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the film formers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Film Formers Market?
2. What is the CAGR expected in the Film Formers Market?
3. What Are the Key Innovations Transforming the Film Formers Industry?
4. Which Region Is Leading the Film Formers Market?
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