Market Overview:
The Latin America hydroxypropyl methylcellulose market size reached US$ 70.0 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 134.5 Million by 2032, exhibiting a growth rate (CAGR) of 7.3% during 2024-2032.
Report Attribute
|
Key Statistics
|
Base Year
|
2023
|
Forecast Years
|
2024-2032
|
Historical Years
|
2018-2023
|
Market Size in 2023
|
US$ 70.0 Million |
Market Forecast in 2032
|
US$ 134.5 Million |
Market Growth Rate (2024-2032) |
7.3% |
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.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the Latin America hydroxypropyl methylcellulose market report, along with forecasts at the regional and country levels from 2024-2032. Our report has categorized the market based on end use.
Breakup by End Use:
- Construction
- Pharmaceuticals (Including Cosmetics)
- Food Industry
- Others
Breakup by Country:
- Brazil
- Mexico
- Argentina
- Colombia
- Chile
- Peru
- Others
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Report Coverage:
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 Uses Covered |
Construction, Pharmaceuticals (Including Cosmetics), Food Industry, Others |
Countries Covered |
Brazil, Mexico, Argentina, Colombia, Chile, Peru, 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) |
Key Questions Answered in This Report:
- How has the Latin America HPMC market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the Latin America HPMC market?
- What are the key regional markets?
- What is the breakup of the market based on the end use?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the Latin America HPMC market and who are the key players?
- What is the degree of competition in the industry?