Europe Hydroxypropyl Methylcellulose (HPMC) Market to Reach US$ 223.2 Million by 2032, Stimulated by Increasing Construction Activities

August 22, 2023 | Chemical & Materials

According to the latest report by IMARC Group, titled “Europe Hydroxypropyl Methylcellulose (HPMC) Market Report by End Use (Construction, Pharmaceuticals (Including Cosmetics), Food Industry, and Others), and Country 2024-2032,” the Europe hydroxypropyl methylcellulose (HPMC) market size reached US$ 119.1 Million in 2023. Hydroxypropyl methylcellulose (HPMC) is a synthetic, water-soluble polymer that belongs to the family of cellulose ethers. It is derived from cellulose, a natural polymer found in the cell walls of plants. HPMC is widely used in various industries due to its unique properties, including pharmaceuticals, food, cosmetics, and construction. It is commonly used as an excipient in drug formulations. It serves several essential functions, such as improving drug solubility, enhancing tablet disintegration and dissolution, and providing controlled drug release. In the food industry, HPMC is utilized as a thickener, stabilizer, and emulsifier. It can improve the texture and mouthfeel of various food products without altering their taste or nutritional value. Additionally, HPMC is often used as a vegetarian alternative to gelatin in food items, making it suitable for vegetarians and vegans.

Europe Hydroxypropyl Methylcellulose (HPMC) Market Trends:

The Europe market is primarily driven by significant growth in the construction industry. As construction activities continue to grow, particularly in developing regions, the demand for HPMC as an essential additive in building materials is on the rise. Moreover, the expanding pharmaceutical industry, driven by factors such as aging populations and increasing healthcare needs, is propelling the demand for HPMC. In the pharmaceutical sector, HPMC is widely employed in the formulation of oral dosage forms, including tablets and capsules. Its role as an effective film-coating material, controlled-release agent, and binder has made it increasingly popular in drug manufacturing. Additionally, the personal care and cosmetic industry have embraced HPMC for its role as a thickener, stabilizer, and suspension agent in various products, including creams, lotions, and shampoos. As consumer preferences shift towards natural and sustainable ingredients, HPMC, being derived from plant cellulose, aligns with these demands, contributing to its market growth in this sector. Furthermore, the food industry's inclination towards cleaner-label products and the need for improved texture and stability in various food items have led to increased adoption of HPMC as a food additive. Looking forward, the market value is projected to reach US$ 223.2 Million by 2032, expanding at a CAGR of 7.01% during 2024-2032.

Market Summary:

  • Based on the end use, the market has been segmented into construction, pharmaceuticals (including cosmetics), food industry, and others.
  • On the geographical front, the market has been segmented into Germany, France, the United Kingdom, Italy, Spain, and others.
  • The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Million
Scope of the Report Exploration of Historical and Forecast Trends, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment:
  • End Use
  • Country
End Uses Covered Construction, Pharmaceuticals (Including Cosmetics), Food Industry, Others
Countries Covered Germany, France, United Kingdom, Italy, Spain, Others
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3699
Five User License: US$ 4699
Corporate License: US$ 5699
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)

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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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Europe Hydroxypropyl Methylcellulose (HPMC) Market to Reach US$ 223.2 Million by 2032, Stimulated by Increasing Construction Activities
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