The North America hydroxypropyl methylcellulose (HPMC) market reached a value of US$ 502.6 Million in 2019. Hydroxypropyl methylcellulose (C12H20O10) refers to a tasteless, odorless and light-colored powder obtained from synthetic modification of alkali cellulose. It is produced by treating cotton linter or wood pulp with sodium hydroxide solution. HPMC has low ash content, excellent film-forming ability, salt tolerance, water-retaining property, thickening capacity and optimum resistance to enzymes. Owing to this, it finds applications in the construction, pharmaceutical, cosmetics, ceramics and food industries.
The HPMC market in North America is being driven by the increasing demand from the construction industry for producing mortar, coatings, spray paints, cement tiles and latex putty. Furthermore, HPMC is also used for making adhesives and for mitigating the presence of water, which is positively affecting the market growth. In addition to this, HPMC plays a major role in the food industry by stabilizing, thickening, emulsifying and suspending frozen foods, frozen fruits, sauces and ketchups. Moreover, increasing demand for HPMC in the pharmaceutical industry for controlled released matrix, tablet binder, rheology control, coating and direct compression, is spurring the market growth. Looking forward, IMARC Group, expects the market to reach levels worth US$ 635.9 Million by 2025 exhibiting a CAGR of 4% during 2020-2025.
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