Hydroxypropyl methylcellulose (HPMC) market size is expected to grow at a compound annual growth rate of 3.38% for the forecast period of 2021 to 2028 and is likely to reach USD 5.92 billion by 2028. Data Bridge Market Research report on hydroxypropyl methylcellulose (HPMC) market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
Hydroxypropyl methylcellulose (HPMC) is also known as the hypromellose and is a hydrocolloid, derived from cellulose. It is viscoelastic, inert polymer largely used as ophthalmic lubricant. It is also used as an excipient in the pharmaceutical industry. The Hydroxypropyl methylcellulose finds its applications in various end-use industries such as buildings and construction, paints and coatings, food and beverages, personal care and adhesives.
The rise in the demand from pharmaceutical industry is expected to influence the growth of the hydroxypropyl methylcellulose (HPMC) market. In line with this, the rise in the demand from low fat foods owing to its performance and increase in the demand from pharmaceutical applications are also anticipated to act as key determinants favoring the growth of the hydroxypropyl methylcellulose (HPMC) market over the forecast period of 2021 to 2028. Also the, rise in the usage in various food industry related applications such as dairy products, bakery, dessert and toppings and sauces along with the high demand from paints and coatings and mining applications are also expected to positively impact the growth of the hydroxypropyl methylcellulose (HPMC) market. The major factor accountable for the growth of the market is the high demand in ophthalmology, where it acts as a lubricant.
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The rise in the demand from pharmaceutical industry is expected to influence the growth of the hydroxypropyl methylcellulose (HPMC) market. In line with this, the rise in the demand from low fat foods owing to its performance and increase in the demand from pharmaceutical applications are also anticipated to act as key determinants favoring the growth of the hydroxypropyl methylcellulose (HPMC) market over the forecast period of 2021 to 2028. Also the, rise in the usage in various food industry related applications such as dairy products, bakery, dessert and toppings and sauces along with the high demand from paints and coatings and mining applications are also expected to positively impact the growth of the hydroxypropyl methylcellulose (HPMC) market. The major factor accountable for the growth of the market is the high demand in ophthalmology, where it acts as a lubricant.
The major players covered in the hydroxypropyl methylcellulose (HPMC) market report are Shin-Etsu Chemical Co., Ltd., Ashland, DuPont, Colorcon, LOTTE Fine Chemical, Shandong Head Co., Ltd., Shijiazhuang Shangdun Cellulose Co., LTD.,FENCHEM, Mitsubishi Chemical Holdings Corporation, Celotech Chemical Co., Ltd., Universal Mine Chem, Orison Chemicals Limited,Viachem, PARAS ENTERPRISES,ZHEJIANG KELAIN NEW MATERIALS CO.,LTD.,PARAMOUNT CHEMICAL & ACID CORPORATION,MADHU HYDROCOLLOIDS PVT. LTD., Kima Chemical Co., Ltd., Fengchen Group Co.,Ltd., and Ottokemi among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Scope of the HPMC (Hydroxypropyl Methylcellulose) Market Report:
Hydroxypropyl methylcellulose (HPMC) market is segmented on the basis of product type and end user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- Based on product type, the hydroxypropyl methylcellulose (HPMC) market is segmented into industrial grade HPMC, pharmaceutical grade HPMC and food grade HPMC.
The end user segment for hydroxypropyl methylcellulos and breakdowns were calculated using secondary sources and verified sources.
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HPMC (Hydroxypropyl Methylcellulose) Market Regional Analysis/Insights
The HPMC (Hydroxypropyl Methylcellulose) market is analyzed and market size insights and trends are provided by country, material type, end user and application as referenced above.
The countries covered in the HPMC (Hydroxypropyl Methylcellulose) market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the high demand for fiber cement HPMC (Hydroxypropyl Methylcellulose) within the region. Asia-Pacific on the other hand, is estimated to show lucrative growth over the forecast period of 2022-2029, due to the prominent presence of fiber cement HPMC (Hydroxypropyl Methylcellulose) market players within the region. Moreover, the high requirement for the residential and commercial building construction also boosts the regional demand.
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