HPMC (Hydroxypropyl Methylcellulose) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

HPMC (Hydroxypropyl Methylcellulose) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

  • January 2022 •
  • 101 pages •
  • Report ID: 4837098 •
  • Format: PDF
The global HPMC (hydroxypropyl methylcellulose) market reached a volume of 139.8 Kilo Tons in 2021. Looking forward, the analyst expects the market to reach a volume of 186.8 Kilo Tons by 2027, exhibiting a CAGR of 5.18% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Hydroxypropyl methylcellulose (HPMC), also known as hypromellose, is a derivative of alkali cellulose obtained by treating cotton liner or wood pulp with caustic soda, methyl chloride, and propylene oxide. It is an odorless, tasteless, light-colored, and non-toxic powder that forms a colloid solution when dissolved in cold water. As it exhibits hydrophilic and reversible gelation properties, it finds applications in various fields, ranging from construction to ophthalmology. Nowadays, HPMC is increasingly being utilized in preparing biocomposites on account of its excellent biodegradability and biocompatibility.

HPMC (Hydroxypropyl Methylcellulose) Market Trends:
The market growth can be accredited to the increasing use of HPMC in several industry verticals. For instance, it acts as a thickening agent, stabilizer, and emulsifier in the preparation of toppings, sauces, frozen fruits, ketchup, and various bakery items. This, in confluence with the escalating demand for low-fat food products on account of the increasing health consciousness among individuals, represents one of the major factors driving the demand for HPMC in the food and beverage (F&B) industry. Moreover, as it is inert, semisynthetic, and viscoelastic, it is utilized as a lubricant, binder, excipient, bio adhesive, solubility enhancer, and dispersing agent in the production of lotions, ointments, creams, and pastes. In addition to this, the increasing focus on personal health and hygiene is positively influencing the sales of personal care products, which, in turn, is contributing to market growth. Apart from this, the expanding applications of HPMC in manufacturing dyes, paints, coatings, textiles, and oral medications are anticipated to provide lucrative growth opportunities to market players.

Key Market Segmentation:
the analyst 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.

Breakup by End Use:
Construction
Pharmaceuticals (Including Cosmetics)
Food Industry
Others

Presently, the construction industry dominates the market due to the significant increase in the building of contemporary homes and offices.

Breakup by Region:
China
Western Europe
Other Asia
United States
Central/Eastern Europe
Middle East
South America
Others

United States holds the largest market share on account of the revival of the real estate sector in the country.

Competitive Landscape:
The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Some of these players are SE Tylose GmbH & Co. KG, Ashland Global Holdings Inc., Dow Chemical Company, Shandong Head Co., Ltd, and LOTTE Fine Chemical Co., Ltd.

Key Question Answered in this Report
1. What is the impact of COVID-19 on the global HPMC market?
2. What was the global HPMC market size in 2021?
3. What will be the HPMC market outlook during the forecast period (2022-2027)?
4. What are the global HPMC market drivers?
5. What are the major trends in the global HPMC market?
6. What is the global HPMC market breakup by end use?
7. What are the major regions in the global HPMC market?
8. Who are the leading HPMC industry market players?