North America Hydroxypropyl Methylcellulose (HPMC) Market Expected to Rise at a CAGR of 6.8% during 2022-2027

IMARC Group's latest report, titled "North America Hydroxypropyl Methylcellulose (HPMC) Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", the North America hydroxypropyl methylcellulose (HPMC) market is expected to exhibit a CAGR of 6.8% during 2022-2027.

Hydroxypropyl methylcellulose (HPMC), also known as Hypromellose, is an organic compound produced by synthetic alteration of alkali cellulose, which involves treating wood pulp with sodium hydroxide solution. It is a tasteless and odorless powder with a white or slightly off-white color. HPMC has excellent film-forming properties, water retention capability, thickening power and extensive resistance to oils and enzymes.

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North America Hydroxypropyl Methylcellulose (HPMC) Market Growth:

The North America HPMC market is primarily driven by the escalating demand from the construction industry for manufacturing latex putty, mortar, coatings, cement tiles and spray paints. Additionally, the increasing usage of HPMC in pharmaceutical drugs and personal care products is another growth-inducing factor. Furthermore, the market has been influenced by its growing popularity as a preferred vegan alternative to gelatin in the preparation of numerous baking and confectionery products throughout the region.

Other factors, including its rapid adoption in making adhesives and rising application as an ophthalmic lubricating agent that helps moisten hard contact lenses, are anticipated to drive the market further.

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Key Market Segmentation:

Breakup by End-Use:

• Construction
• Pharmaceuticals (Including Cosmetics)
• Food Industry
• Others

Breakup by Regions:

• United States
• Canada
• Mexico

Key Highlights of the Report:

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

Competitive Landscape with Key Players:

The report has also examined the competitive landscape of the North America Hydroxypropyl Methylcellulose (HPMC) Market.

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