The Business Research Company’s report on the Film Formers Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the primary drivers fueling the growth of the film formers market in recent years?
The increasing demand for personal care is expected to propel the growth of the film formers market going forward. Personal care refers to products and practices used for hygiene, grooming, skincare, and overall body care to maintain health and appearance. The demand for personal care products is increasing as people are more aware of the importance of personal hygiene, skincare, and grooming to protect themselves from damage, prevent premature aging, and maintain a healthy look. Film formers enhance personal care products by creating a protective, flexible layer on the skin, hair, or nails, improving durability, moisture retention, and product performance. For instance, in September 2023, according to the Bureau of Labor Statistics, a US-based government agency, the average consumer expenditure on personal care products increased by 12.3 percent, which was $866 in 2022, up from $771 in 2021. Therefore, the increasing demand for personal care is driving the growth of the film formers market.
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What is the projected market size of the film formers industry, and how is it expected to grow?
The film formers market size has grown strongly in recent years. It will grow from $1.69 billion in 2024 to $1.79 billion in 2025 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to rise in cosmetic demand, an increase in skincare usage, growth in pharmaceutical coatings, expansion of personal care, and increasing industrial applications.
The film formers market size is expected to see strong growth in the next few years. It will grow to $2.26 billion in 2029 at a compound annual growth rate (CAGR) of 5.9%. The growth in the forecast period can be attributed to increasing organic formulations, expansion in food coatings, growing paints and coatings industry, growing adoption in medical devices and drug delivery systems, and increasing disposable incomes. Major trends in the forecast period include technological advancements, eco-friendly innovations, water-based formulations, smart encapsulation trends, and advancements in polymer chemistry.
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Who are the key players driving competition 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 key trends are expected to drive the fifth generation (5g) smartphones market during the forecast period?
Major companies operating in the film formers market are focusing on developing advanced polymer formulations, such as water-resistant products to enhance durability, improve adhesion, and extend product lifespan in various applications. Water-resistant products are materials designed to repel or resist water penetration, preventing moisture absorption and degradation. These products enhance durability and performance in applications such as coatings, cosmetics, and pharmaceuticals. For instance, in April 2024, Roquette Frères S.A., a France-based chemical manufacturing company, launched beauté by roquette ST 730, a pea-based biodegradable film former at in-cosmetics Global 2024, catering to the demand for sustainable cosmetics. This ingredient offers higher water resistance than synthetic film formers such as PVP and pullulan, enhancing long-lasting makeup applications. This is clinically proven to reduce fine lines and wrinkles, it provides a visible lifting effect in skincare and eye care.
Which key geographies are driving the growth of 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.
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What are the key segments driving growth in the film formers market?
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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How is the film formers market defined?
Film formers are chemical compounds that create a continuous, cohesive, and uniform film when applied to a surface. These substances form a protective or functional layer upon drying or curing, enhancing the properties of the underlying material.
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