HPMC (Hydroxypropyl Methylcellulose Market 2022: Size, Share, Growth, Demand and Forecast to 2022-2027
According to the latest report by IMARC Group, titled "HPMC (Hydroxypropyl Methylcellulose) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," offers a comprehensive analysis of the industry, which comprises insights on the HPMC (hydroxypropyl methylcellulose) market share.
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 an inert, biodegradable and biocompatible polymer with the chemical formula C56H108O30. Also known as Hypromellose, it is viscoelastic and semisynthetic in nature. It is produced by the synthetic alteration of natural polymer cellulose that involves treating cotton linter or wood pulp in the presence of sodium hydroxide solution. It is available in the form of an off-white powder or granules without any distinct taste or odor. It is hygroscopic in nature and insoluble in hot water. However, HPMC can be easily disintegrated in cold water, further forming a colloidal solution on account of its thermal reversible gelation property. It, therefore, finds widespread applications in the manufacturing of drugs, dyes, paints, cosmetics, adhesives, coatings and textiles.
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.
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HPMC (Hydroxypropyl Methylcellulose) Market Trends:
The global market is primarily driven by the increasing utilization of HPMC in the construction sector. The polymer has high water retention properties due to which it results in extending the working time of mortar while improving its mechanical strength. Apart from this, it finds extensive applications in the food industry for emulsifying, stabilizing, suspending and thickening a variety of food products. It is also used as a preferred vegetarian substitute for gelatin in the preparation of numerous baking and confectionery products. In addition to this, it is used to reduce the fat content of various foods and improve the physical properties of low-fat food products, which has contributed to its widespread popularity among health-conscious consumers. Furthermore, the growing utilization of HPMC in the pharmaceutical industry is acting as another major growth-inducing factor. It is extensively used as an excipient in tablet formulations that are widely replacing hard shell gelatin capsules. Since these tablets are known to offer better performance in terms of dissolution and disintegration with a decreased time of development, they are being preferred by the masses, especially by the vegetarians.
Competitive Landscape With Key Players:
The competitive landscape of the HPMC (hydroxypropyl methylcellulose) market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
SE Tylose GmbH & Co. KG
Ashland Global Holdings Inc.
Dow Chemical Company
Shandong Head Co., Ltd
LOTTE Fine Chemical Co., Ltd.
Key Market Segmentation:
The report has segmented the HPMC (hydroxypropyl methylcellulose) market on the basis of end-use and region.
Breakup by End Use:
Construction
Pharmaceuticals (Including Cosmetics)
Food Industry
Others
Breakup by Region:
China
Western Europe
Other Asia
United States
Central/Eastern Europe
Middle East
South America
Others
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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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