HPMC (Hydroxypropyl Methylcellulose) Market Report by End Use (Construction, Pharmaceuticals (Including Cosmetics), Food Industry, and Others), and Region 2024-2032

HPMC (Hydroxypropyl Methylcellulose) Market Report by End Use (Construction, Pharmaceuticals (Including Cosmetics), Food Industry, and Others), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A501
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Market Overview:

The global HPMC (hydroxypropyl methylcellulose) market size reached 154.9 Kilo Tons in 2023. Looking forward, IMARC Group expects the market to reach 229.0 Kilo Tons by 2032, exhibiting a growth rate (CAGR) of 4.3% during 2024-2032.

Report Attribute 
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
154.9 Kilo Tons
Market Forecast in 2032
229.0 Kilo Tons
Market Growth Rate 2024-2032 4.3%


Hydroxypropyl methylcellulose (HPMC), also known as hypromellose, is a derivative of alkali cellulose obtained by treating cotton liner or wood pulp with caustic soda, methyl chloride, and propylene oxide. It is an odorless, tasteless, light-colored, and non-toxic powder that forms a colloid solution when dissolved in cold water. As it exhibits hydrophilic and reversible gelation properties, it finds applications in various fields, ranging from construction to ophthalmology. Nowadays, HPMC is increasingly being utilized in preparing biocomposites on account of its excellent biodegradability and biocompatibility.

HPMC (Hydroxypropyl Methylcellulose) Market

HPMC (Hydroxypropyl Methylcellulose) Market Trends:

The market growth can be accredited to the increasing use of HPMC in several industry verticals. For instance, it acts as a thickening agent, stabilizer, and emulsifier in the preparation of toppings, sauces, frozen fruits, ketchup, and various bakery items. This, in confluence with the escalating demand for low-fat food products on account of the increasing health consciousness among individuals, represents one of the major factors driving the demand for HPMC in the food and beverage (F&B) industry. Moreover, as it is inert, semisynthetic, and viscoelastic, it is utilized as a lubricant, binder, excipient, bio adhesive, solubility enhancer, and dispersing agent in the production of lotions, ointments, creams, and pastes. In addition to this, the increasing focus on personal health and hygiene is positively influencing the sales of personal care products, which, in turn, is contributing to market growth. Apart from this, the expanding applications of HPMC in manufacturing dyes, paints, coatings, textiles, and oral medications are anticipated to provide lucrative growth opportunities to market players.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global HPMC (hydroxypropyl methylcellulose) market report, along with forecasts at the global and regional level from 2024-2032. Our report has categorized the market based on end use.

Breakup by End Use:

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

Presently, the construction industry dominates the market due to the significant increase in the building of contemporary homes and offices. 

Breakup by Region:

  • China
  • Western Europe
  • Other Asia
  • United States
  • Central/Eastern Europe
  • Middle East 
  • South America
  • Others
     

United States holds the largest market share on account of the revival of the real estate sector in the country.

Competitive Landscape:

The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Some of these players are Ashland Global Holdings Inc., Dow Chemical Company, LOTTE Fine Chemical Co. Ltd., SE Tylose GmbH & Co. KG and Shandong Head Co. Ltd.

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units ‘000 Tons, US$ Million
Segment Coverage End Use, Region
Region Covered China, Western Europe, Other Asia, United States, Central/Eastern Europe, Middle East, South America, Others
Companies Covered Ashland Global Holdings Inc., Dow Chemical Company, LOTTE Fine Chemical Co. Ltd., SE Tylose GmbH & Co. KG and Shandong Head Co. Ltd.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format 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

The global HPMC (Hydroxypropyl Methylcellulose) market reached a volume of 154.9 Kilo Tons in 2023.

We expect the global HPMC (Hydroxypropyl Methylcellulose) market to exhibit a CAGR of 4.3% during 2024-2032.

The rising demand for low-fat food products, along with the growing utilization of HPMC (Hydroxypropyl Methylcellulose) as a thickening agent, stabilizer, and emulsifier in the preparation of toppings, sauces, frozen fruits, ketchup, etc., is primarily driving the global HPMC (Hydroxypropyl Methylcellulose) market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary closure of numerous end-use industries for HPMC (Hydroxypropyl Methylcellulose).

Based on the end use, the global HPMC (Hydroxypropyl Methylcellulose) market can be bifurcated into construction, pharmaceuticals (including cosmetics), food industry, and others. Currently, construction exhibits a clear dominance in the market.

On a regional level, the market has been classified into China, Western Europe, Other Asia, United States, Central/Eastern Europe, Middle East, South America, and others, where United States currently dominates the global market.

Some of the major players in the global HPMC (Hydroxypropyl Methylcellulose) market include Ashland Global Holdings Inc., Dow Chemical Company, LOTTE Fine Chemical Co. Ltd., SE Tylose GmbH & Co. KG and Shandong Head Co. Ltd.

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HPMC (Hydroxypropyl Methylcellulose) Market Report by End Use (Construction, Pharmaceuticals (Including Cosmetics), Food Industry, and Others), and Region 2024-2032
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