The Latin America hydroxypropyl methylcellulose market is currently witnessing moderate growth. Hydroxypropyl methylcellulose (HPMC) or hypromellose is a semi-synthetic and viscoelastic polymer produced from the synthetic modification of alkali cellulose. It is inert, colorless, tasteless, soluble in water and acts as a lubricant in various ophthalmic procedures. It also exhibits thermo-gel properties and is commonly used in bath soaps, shampoos, cleansers and sunscreens. It is also used in numerous construction materials and as a replacement of gelatin in vegan food and bakery products. As a result, HPMC finds extensive applications across the food and beverage, construction, pharmaceutical and manufacturing industries.
The widespread adoption of HPMC as a vegetarian substitute for animal-sourced gelatin across the food and beverage industry is one of the key factors driving the market growth. Due to its thermal gelation, thickening and film-forming properties, it is widely used to modify and improve the taste and texture of the food products. Furthermore, significant growth in the pharmaceutical industry is creating a positive outlook for the market. HPMS is widely used in supplement capsules as a drug carrier, emulsifier and tablet binder. Moreover, the increasing utilization of HPMC in the manufacturing industry for the production of dyes, paints, textiles, water-based industrial coatings and adhesives, is providing a thrust to the market growth. 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 Latin America 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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