According to the latest report by IMARC Group, titled “HPMC (Hydroxypropyl Methylcellulose) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the global HPMC (hydroxypropyl methylcellulose) market reached a volume of 139.8 Kilo Tons in 2021. Looking forward, IMARC Group expects the market to reach a volume of 186.8 Kilo Tons by 2027, exhibiting a CAGR of 5.18% during 2022-2027. Hydroxypropyl methylcellulose (HPMC) is a non-fermentable, semi-synthetic, viscoelastic polymer obtained through the etherification of cellulose, propylene, and methylene with sodium hydroxide. It is elastic, transparent, and exhibits low-moisture content, optimal strength, oxygen barrier ability, and oil and fat resistant properties. Apart from this, HPMC possesses biodegradable and biocompatibility characteristics, due to which it is extensively used in preparing biocomposites.
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Global Hydroxypropyl Methylcellulose (HPMC) Market Trends:
With the rapid expansion in the food and beverage (F&B) industry, there has been increasing demand for stabilizers and thickening agents to prepare various toppings, sauces, and confectionery products. This, in turn, is promoting the widespread adoption of HPMC across the sector, thus driving the market growth. Additionally, the rising need for non-toxic and vegetarian capsules have facilitated the deployment of hydroxypropyl methylcellulose in the pharmaceutical industry as an excipient in tablet formulations, which is propelling the market growth. In line with this, HPMC is used as a dispersing agent, binder, and solubility enhancer, due to which it is further utilized for producing various health and personal care products. This, along with continuous research and development (R&D) activities to identify various industrial applications of HPMC, are contributing to the market growth.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global HPMC (hydroxypropyl methylcellulose) market, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on end use.
- SE Tylose GmbH & Co. KG
- Ashland Global Holdings Inc.
- Dow Chemical Company
- Shandong Head Co., Ltd,
- LOTTE Fine Chemical Co., Ltd.
Breakup by End Use:
- Pharmaceuticals (Including Cosmetics)
- Food Industry
Breakup by Region:
- Western Europe
- Other Asia
- United States
- Central/Eastern Europe
- Middle East
- South America
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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