Hydroxypropyl methylcellulose (HPMC) is a white or slightly off-white powder without any distinct odour or taste. Also known as hypromellose, it is a synthetic modification of alkali cellulose produced by treating cotton linter or wood pulp with sodium hydroxide solution. As it is soluble in cold water as well as exhibits reversible gelation, HPMC finds numerous and versatile applications in fields ranging from construction to ophthalmology. According to IMARC Group’s latest report “HPMC (Hydroxypropyl Methylcellulose) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, the value of the global HPMC market has grown at a CAGR of 7.8% during 2014-2019 driven by its strong demand in the construction and pharmaceutical sectors. The report provides a comprehensive insight into the industry including its market breakup by region, market breakup by end-uses, value chain analysis, import and export trends, key players and market outlook. The report also gives an in-sight into the manufacturing process of HPMC, covering key success and risk factors for manufacturers, manufacturing process flow, the reactions involved, raw materials and their requirements, etc.
The report has analysed the global HPMC market on the basis of major end-use industries. The construction industry currently represents the biggest end-user of HPMC accounting for the majority of its total global consumption. It is used in the construction industry as a result of its high water retention which aids in extending the working time of mortar and helps in increasing the mechanical strength of mortar while solidification. In the pharmaceuticals and cosmetics industry, it is used as an emulsifying, dispersing and thickening agent for lotions, ointments, creams and pastes. HPMC also acts as a compression aid and coating agent for tablets and as a substitute for animal derived gelatine in making capsules. In the food industry, it is used for emulsifying, stabilising, suspending and thickening various food products such as frozen foods, frozen fruits, sauces and ketchups.
The report has analysed the global HPMC market on the basis of key regions. According to the report, China represents the largest consumer of HPMC accounting for nearly a fourth of its total global consumption. China was followed by Western Europe, Asia (excluding China), United States, Central/Eastern Europe, Middle East and South America. On the basis of imports and exports the report finds that Belgium is the largest global importer of HPMC followed by the United States, India, Turkey and the Russian Federation. Germany, on the other hand, represents its largest global exporter. The report has also analysed the key players of the global HPMC market. Some of the major players include - Shin Etsu Tylose, Ashland, Dow Chemicals, Shandong Head Co., Ltd and Samsung Fine Chemical.
Key Questions Answered in This Report:
The market is experiencing a negative impact due to lockdowns imposed by governments of numerous countries to contain the spread of the coronavirus disease (COVID-19) and temporary closure of manufacturing plants.
The global HPMC market was worth around US$ 4,069 Million in 2019.
According to the estimates by IMARC Group, the global HPMC market will exhibit strong growth during the next five years.
HPMC is extensively utilized in the construction industry on account of its high-water retention properties that help in extending the working time and increasing the mechanical strength of mortar during solidification. This, in confluence with substantial growth in the construction industry in recent years, represents one of the key factors impelling the market growth.
With increasing health consciousness among individuals, HPMC is being increasingly utilized for reducing fat content and improving the physical properties of low-fat food products.
Based on the end use, the market has been divided into construction, pharmaceuticals (including cosmetics), food industry and others.
On the geographical front, the market has been segmented into the United States, China, Western Europe, Other Asia, Central/Eastern Europe, Middle East, South America and others.
Leading industry players are SE Tylose GmbH & Co. KG, Ashland Global Holdings Inc., The Dow Chemical Company, Shandong Head Co., Ltd and LOTTE Fine Chemical Co., Ltd.
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