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The global HPMC (hydroxypropyl methylcellulose) market reached a volume of 139.8 Kilo Tons in 2021. Looking forward, IMARC Group expects the market to reach a volume of 186.8 Kilo Tons by 2027, exhibiting a CAGR of 5.18% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
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.
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.
IMARC Group provides an analysis of the key trends in each sub-segment of the global HPMC (hydroxypropyl methylcellulose) market, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on end use.
Breakup by End Use:
Presently, the construction industry dominates the market due to the significant increase in the building of contemporary homes and offices.
Breakup by Region:
United States holds the largest market share on account of the revival of the real estate sector in the country.
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 SE Tylose GmbH & Co. KG, Ashland Global Holdings Inc., Dow Chemical Company, Shandong Head Co., Ltd, and LOTTE Fine Chemical Co., Ltd.
|Base Year of the Analysis||2021|
|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||SE Tylose GmbH & Co. KG, Ashland Global Holdings Inc., Dow Chemical Company, Shandong Head Co., Ltd. and LOTTE Fine Chemical Co., Ltd.|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
|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)|
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 reached a volume of 139.8 Kilo Tons in 2021.
According to the estimates by IMARC Group, the global HPMC market is expected to exhibit a CAGR of 5.18% during 2022-2027.
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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