United States Hydroxypropyl Methylcellulose (HPMC) Market Share, Size, Growth, Opportunity and Forecast 2021-2026

*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

United States Hydroxypropyl Methylcellulose (HPMC) Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The United States hydroxypropyl methylcellulose market is currently witnessing steady growth. Hydroxypropyl methylcellulose (HPMC), or hypromellose, refers to a chemically modified polymer produced by treating cellulose with sodium hydroxide solution. It is usually a colorless, odorless and tasteless powder commonly available in the form of HPMC solution, gel and jelly. They are widely used in the treatment of various eye-related problems, such as dry eyes. Apart from this, they are also used in food products to replace gluten in breads and other baked products. They also act as a binder, coating polymer, thickening agent and bio adhesive for the manufacturing of pharmaceutical drugs. As a result, they find extensive applications in the food and beverage, pharmaceutical and construction industries.

The rapidly emerging trend of veganism, along with the growing demand for HPMC capsules as a substitute for animal-origin products is creating a positive outlook for the market. Furthermore, increasing awareness regarding the benefits of HPMC in the pharmaceutical industry is contributing to the market growth. For instance, HPMC products aid in ophthalmic lubrication and act as key emulsifying and thickening agents for ointments, lotions and creams. Moreover, significant growth in construction projects across the United States is providing a thrust to the market growth. HPMC exhibits high water-retaining capacity, which aids in strengthening the mortar during solidification. This, in turn, is driving the market further. Looking forward, IMARC Group expects the market to witness steady growth during 2021-2026.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the United States 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:

Construction
Pharmaceuticals (Including Cosmetics)
Food Industry
Others

Breakup by Region:

Northeast
Midwest
South
West

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Key Questions Answered in This Report:

How has the United States HPMC market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the United States 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 United States HPMC market and who are the key players?
What is the degree of competition in the industry?