HPMC Market Size to Reach a Volume of 186.8 Kilo Tons by 2027 | IMARC Group

According to the latest report by IMARC Group, titled "HPMC (Hydroxypropyl Methylcellulose) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the global HPMC (hydroxypropyl methylcellulose) market reached a volume of 139.8 Kilo Tons in 2021. Looking forward, IMARC Group expects the market to reach a volume of 186.8 Kilo Tons by 2027, exhibiting a CAGR of 5.18% during 2022-2027.

Hydroxypropyl methylcellulose (HPMC) is a non-toxic and non-ionic cellulose ether that is widely used in the pharmaceutical, food, and construction industries. It is derived from cellulose, which is extracted from wood pulp or cotton fibers. Hydroxypropyl methylcellulose is tasteless and white to off-white odorless powder that is soluble in water and is also a most organic solvent. HPMC is considered a safe and environmentally friendly alternative to other synthetic polymers due to its biodegradability and low toxicity.

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Global Hydroxypropyl Methylcellulose (HPMC) Market Trends:

The increasing demand for the product in construction applications, such as cement-based mortars, adhesives, and coatings, represents one of the key factors driving the growth of the market across the globe. In addition to this, the rising usage of hydroxypropyl methylcellulose in various pharmaceutical products, including tablets, capsules, and eye drops is contributing to the growth of the market. The market is also driven by the increasing demand for processed and convenience foods, including bakery products, dairy products, and sauces. In line with this, the rising consumer preference for eco-friendly products is driving the demand for hydroxypropyl methylcellulose in various applications, thus contributing to the market growth. Other factors, such as rising healthcare expenditure, increasing aging population, and advancements in manufacturing processes and technology, are creating a positive outlook for the market across the globe.

Global Hydroxypropyl Methylcellulose (HPMC) Market 2022-2027 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the HPMC (hydroxypropyl methylcellulose) market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

• SE Tylose GmbH & Co. KG
• Ashland Global Holdings Inc.
• Dow Chemical Company
• Shandong Head Co., Ltd,
• LOTTE Fine Chemical Co., Ltd.

Key Market Segmentation:

The report has segmented the HPMC (hydroxypropyl methylcellulose) market on the basis of end use and region.

Breakup by End Use:

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

Breakup by Region:

• China
• Western Europe
• Other Asia
• United States
• Central/Eastern Europe
• Middle East
• South America
• Others

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Key Highlights of the Report:                                                           

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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