GCC Hydroxypropyl Methylcellulose Market

Market Overview:

The GCC hydroxypropyl methylcellulose market is currently witnessing moderate growth. Hydroxypropyl methylcellulose (HPMC), commonly known as hypromellose, refers to a semi-synthetic polymer produced from the synthetic modification of alkali cellulose by treating wood pulp with sodium hydroxide solution. It is inert, viscoelastic, colorless and is available in gel, jelly and solution forms. In the food industry, it is used as a substitute for gelatin in vegan food products and to modify the textures of baked products. Apart from this, it is used as a lubricating agent for dry eyes and various ophthalmic procedures. HPMC exhibits immense stability with acids and bases and also has high-water retaining capacity. As a result, it finds extensive applications in the food and beverage, pharmaceutical, construction and manufacturing industries.

The growing demand for HPMC as a substitute for animal-derived products among vegan consumers is one of the key factors driving the market. Furthermore, the increasing preference for ready-to-eat (RTE) consumables is contributing to the market growth. HPMC acts as an emulsifier, stabilizer and thickener in various food products and also aids in reducing the fat content. Additionally, the rising consumer inclination toward using biocompatible and biodegradable polymers due to the growing carbon emissions from traditional polymers is providing a boost to the market growth. Moreover, the widespread adoption of HPMC in the pharmaceuticals industry as a binder in tablet formulations is anticipated to drive the market further across the region. Looking forward, IMARC Group expects the market to witness moderate growth during 2021-2026.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the GCC hydroxypropyl methylcellulose market report, along with forecasts for growth at the region level from 2021-2026. Our report has categorized the market based on region and end use.

Breakup by End Use:

• Construction
• Pharmaceuticals (Including Cosmetics)
• Food Industry
• Others
   

Breakup by Country:

• Saudi Arabia
• UAE
• Qatar
• Oman
• Kuwait
• Bahrain
   

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Key Questions Answered in This Report:

• How has the GCC HPMC market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the GCC 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 GCC HPMC market and who are the key players?
• What is the degree of competition in the industry?