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