Press release
Hydroxypropyl Cellulose Market Set to Surpass USD 349.8 Million by 2035 at a 5.6% CAGR | Fact.MR Report
Hydroxypropyl Cellulose Market
Throughout 2024, the global industry saw modest but consistent growth due to robust demand for food-grade coatings, ophthalmic solutions, and excipients in pharmaceuticals. Growth was most dramatic from oral drug delivery, for which HPC is utilized because of its film-forming and mucoadhesive properties.
Different generic drug producers, particularly Indian and Southeast Asian producers, increased HPC purchasing to meet mounting demand for cheaper therapeutics. Furthermore, demand has been renewed for dietary supplements and nutraceuticals, where HPC is used in controlled-release drugs.
On the supply side, regional shifts occurred. Chinese-based suppliers like Zhicheng Cellulose Co. Ltd. were ramping up production to offset disruptions in production in Europe due to volatility of energy prices. While price stress remained an issue, especially due to raw materials volatility and costs of logistics, manufacturers were found entering long-term purchasing agreements in order to offset supply chain uncertainty.
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Key Takeaways from Market Study:
The global hydroxypropyl cellulose (HPC) market is projected to grow at a CAGR of 5.6% from USD 204.5 million in 2025 to USD 349.8 million by 2035.
The pharmaceutical industry drives demand for HPC due to its use in ophthalmic treatments and drug formulations.
HPC's versatility as a thickening agent boosts its application in the food and beverage industry, particularly in frozen and packaged foods.
The construction industry is expanding the use of HPC in adhesives, coatings, and binders.
North America's HPC market is forecasted to reach USD 110.1 million by 2030, with Mexico showing the highest growth.
The Asia-Pacific region dominates the global HPC market, driven by demand from China, India, and Japan.
Key applications for HPC include pharmaceuticals, food and beverages, construction, personal care, textiles, and more.
The market is segmented into L-HPC and H-HPC types, with further applications in various industries.
Leading Players Driving Innovation in the Hydroxypropyl Cellulose Market:
Rayonierer Advanced Materials, Nouryon Holding B.V., Shandong Head Europe BV, CP Kelco USA Inc., DuPont, Akzo Nobel, MizudaHope, SE Tylose USA, TRC Canada, Zhicheng Cellulose Co. Ltd.
Country-Wise Insights:
USA: The market is projected to grow at a CAGR of 3.5% from 2025 to 2035, driven by strong demand in pharmaceuticals and construction.
UK: Expected to register a 4.6% CAGR due to increased use in the pharmaceutical, personal care, and food industries, along with a focus on sustainable products.
France: Growth at a CAGR of 4.2% is supported by the pharmaceutical, cosmetic, and food sectors, with R&D in biopolymers boosting innovation.
Germany: The market is expected to grow at 4.4% CAGR, driven by strong pharma and construction industries, with an emphasis on high-quality production and green materials.
Italy: Expected to grow at 4.0% CAGR, driven by the pharmaceutical and food industries, with ongoing R&D creating new opportunities.
South Korea: The market is projected to grow at 3.6% CAGR, fueled by the pharmaceutical and personal care industries, and technological innovation.
Japan: With a CAGR of 4.7%, Japan's growth is driven by its established pharmaceutical and cosmetics industries, alongside strong R&D.
China: The fastest-growing market, expected to grow at a 8.9% CAGR, driven by demand from the construction, pharmaceutical, and personal care industries, supported by government incentives.
Browse Full Report: https://www.factmr.com/report/hydroxypropyl-cellulose-market
More Valuable Insights on Offer:
Fact.MR, in its new offering, presents an unbiased analysis of the global hydroxypropyl cellulose market, presenting historical data for 2020 to 2024 and forecast statistics for 2025 to 2035.
The hydroxypropyl cellulose (HPC) market is segmented based on type, application, and region. By type, the market includes L-Hydroxypropyl Cellulose and H-Hydroxypropyl Cellulose, each offering distinct performance characteristics suited to different industrial applications.
In terms of application, HPC is widely utilized across a variety of sectors, including oil field chemicals, paints and adhesives, pharmaceuticals, personal care and cosmetics, food and beverage, construction, and paper and textile, with additional use cases falling under the "others" category. Regionally, the market spans North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa (MEA), with Asia Pacific leading in terms of growth potential due to rapid industrialization and increasing demand from the pharmaceutical and construction sectors.
Check out More Related Studies Published by Fact.MR Research:
Microfibrillated Cellulose Fiber Market - https://www.factmr.com/report/1710/microfibrillated-cellulose-fiber-market
Cellulose Nanofibrils Market - https://www.factmr.com/report/cellulose-nanofibrils-market
CHPTAC Market - https://www.factmr.com/report/2444/chptac-market
Bioresorbable Polymers Market - https://www.factmr.com/report/bioresorbable-polymers-market
Cellulose Derivative Excipient Market - https://www.factmr.com/report/cellulose-derivative-excipient-market
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