United States Hydroxypropyl Methylcellulose (HPMC) Market

Market Overview:

The United States hydroxypropyl methylcellulose market size reached US$ 218.7 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 309.0 Million by 2028, exhibiting a growth rate (CAGR) of 6.04% during 2023-2028.

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 bioadhesive 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.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the United States hydroxypropyl methylcellulose market report, along with forecasts at the country and regional levels from 2023-2028. Our report has categorized the market based on 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.

Report Coverage:

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?