The Europe hydroxypropyl methylcellulose market size reached US$ 110.4 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 174.3 Million by 2028, exhibiting a growth rate (CAGR) of 8.03% during 2023-2028.
Hydroxypropyl methylcellulose (HPMC), or hypromellose, refers to an inert, semi-synthetic polymer produced from alkali cellulose by treating wood pulp with sodium hydroxide solution. It is colorless, tasteless and soluble in cold water. HPMC is commonly available in the form of gel, solution and jelly and acts as ophthalmic lubricating agent that aids in moistening hard contact lenses. Apart from this, it is also used as an alternative to gelatin in vegan food products and as an ingredient in bakery products. As a result, HPMC finds an extensive application across the food and beverage, pharmaceutical, construction and manufacturing industries.
The growing demand for HPMC capsules as a replacement for animal-derived products is one of the key factors driving the market. In line with this, the implementation of stringent regulations by the European Commission on restricting the use of animal-originated products in the pharmaceutical industry is also providing a boost to the market growth. Additionally, increasing health consciousness among the masses is also contributing to the market growth. HPMC reduces the oil content in deep fat-frying food, thereby minimizing the risks of developing chronic lifestyle diseases. Furthermore, significant growth in the construction industry is anticipated to drive the market further. For instance, due to its high water-retention capacity, HPMC aids in increasing the mechanical strength of mortar as the solidification occurs.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the Europe hydroxypropyl methylcellulose market report, along with forecasts at the regional and country levels from 2023-2028. Our report has categorized the market based on end use.
Breakup by End Use:
- Pharmaceuticals (Including Cosmetics)
- Food Industry
Breakup by Country:
- United Kingdom
The competitive landscape of the industry has also been examined along with the profiles of the key players.
|Base Year of the Analysis
|Scope of the Report
||Exploration of Historical and Forecast Trends, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment:
|End Uses Covered
||Construction, Pharmaceuticals (Including Cosmetics), Food Industry, Others
||Germany, France, United Kingdom, Italy, Spain, Others
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|Report Price and Purchase Option
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||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)
Key Questions Answered in This Report:
- How has the Europe HPMC market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the Europe HPMC market?
- What are the key regional markets?
- What is the breakup of the market based on the end use?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the Europe HPMC market and who are the key players?
- What is the degree of competition in the industry?