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Hydroxypropyl Methylcellulose Market to Grow at 6.7% CAGR, Reaching $6.25 Billion by 2029
Hydroxypropyl Methylcellulose Market Size
Hydroxypropyl Methylcellulose Market Outlook: How is the Market Expected to Grow by 2025?
The market scale of hydroxypropyl methylcellulose has seen a gradual increment over the past few years. The market is predicted to expand from a valuation of $4.61 billion in 2024 to a size of $4.82 billion in 2025, reflecting a compound annual growth rate (CAGR) of 4.6%. The historical market growth is contributed by factors such as an uptick in the applications of this commodity in the pharmaceutical industry, an amplified production in the food and beverage industry, a spike in the usage of cosmetic products, augmented demand for hydrophilic polymers, utilization in the textile industry, and water-based adhesives.
Hydroxypropyl Methylcellulose Market Forecast: What Size Will It Reach By 2029?
The hydroxypropyl methylcellulose market is projected to experience substantial growth in the coming years, inflating to $6.25 billion in 2029 with a 6.7% compound annual growth rate (CAGR). This expected surge during the forecast period can be credited to the emphasis on eco-friendly construction materials, the burgeoning ready-to-eat meals sector, the increasing demand for low-fat food items, advancements in tissue engineering research, and the expansion of the waterborne paints and coatings market. Foreseeable trends for this period include the innovation of hydrogels and biomaterials, customizing HPMC grades, advancements in medicine delivery systems, the rise of biodegradable packaging, and heightened standards for quality and purity.
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Which Key Market Drivers Will Shape Hydroxypropyl Methylcellulose Industry Trends in 2025-2029?
The hydroxypropyl methylcellulose market is anticipated to flourish due to an increase in expenditures in the pharmaceutical industry. The pharmaceutical sector is known for its involvement in the research, creation, and manufacturing of medicinal drugs that enhance societal health. Utilized in the pharmaceutical industry, hydroxypropyl methylcellulose offers relief from dryness and irritation caused by decreased tear production, serving as a preventative measure against eye damage. The European Federation of Pharmaceutical Industries and Associations (EFPIA), a trade body representing the pharmaceutical industry in Europe, noted in June 2023 that the total pharmaceutical production in Europe came to $384,200 million (€340,000 million), up around 4.95% from 366,267 million (€323,950 million) in 2021. As such, amplified spending for the pharmaceutical industry is propelling the growth of the hydroxypropyl methylcellulose market.
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What Are the High-Growth Segments in the Hydroxypropyl Methylcellulose Market?
The hydroxypropyl methylcellulose market covered in this report is segmented -
1) By Product Types: Pharmaceutical Grade, Industrial Grade
2) By Sales Channel: Direct Sale, Indirect Sale
3) By End Use: Construction, Pharmaceuticals (Including Cosmetics), Food Industry, Others End Uses
Subsegments:
1) By Pharmaceutical Grade: HPMC E5, HPMC E15, HPMC E50
2) By Industrial Grade: Construction Grade, Food Grade, Cosmetic Grade
Which Global Trends Are Driving Hydroxypropyl Methylcellulose Market Expansion?
One of the key strategies employed by leading companies in the hydroxypropyl methylcellulose industry is the advancement of breakthrough products, such as PEARLITOL CR-H, to obtain a unique position in the market. This innovative substance, PEARLITOL CR-H, is a signature mix of mannitol and hydroxypropyl methylcellulose (HPMC) specifically built for a controlled release drug formulation. To illustrate, Roquette, a company based in France which specialises in food, launched PEARLITOL CR-H in November 2022. This product is ideal for direct compression methods and provides tablet formulation with excipient functional properties. It also offers resistance against alcohol and pancreatin. Additionally, its co-processed mannitol and HPMC augments the flowability, thereby improving the tablet's processibility for PEARLITOL CR-H.
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Who Are the Fastest-Growing Companies in the Hydroxypropyl Methylcellulose Industry?
Major companies operating in the hydroxypropyl methylcellulose market include Celotech Chemical Co Ltd., Zhejiang Kelain New Materials Co Ltd., Shin-Etsu Chemical Co Ltd, Ashland Global Specialty Chemicals Inc, DuPont de Nemours Inc, Colorcon Inc, Lotte Fine Chemical Co Ltd, Shandong Head Co Ltd, Shijiazhuang Shangdun Cellulose Co Ltd, Fenchem Biotek Ltd, Mitsubishi Chemical Group Corporation, Paramount Chemical & Acid Corporation, Madhu Hydrocolloids Pvt. Ltd., Dow Chemical Company, Samsung Fine Chemicals Co. Ltd., Zhejiang Kehong Chemical Co. Ltd., China Ruitai International Holdings Co. Ltd., Kingstone Chemical Holdings Co. Ltd., SE Tylose GmbH & Co. KG, Daicel FineChem Ltd., Anhui Shanhe Pharmaceutical Holdings Co. Ltd., Changzhou Guoyu Environmental S&T Co. Ltd., J. Rettenmaier & Söhne GmbH + Co KG, Shanxi Sanwei Group Co. Ltd.
What Is the Regional Outlook for the Hydroxypropyl Methylcellulose Market by 2029?
Asia-Pacific was the largest region in the hydroxypropyl methylcellulose market in 2024. Asia-Pacific is expected to be the fastest-growing region in the hydroxypropyl methylcellulose market report during the forecast period. The regions covered in the hydroxypropyl methylcellulose market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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