According to the report, the global HPMC market reached a value of USD 4.88 billion in 2022. Aided by the escalating demand in various industrial sectors and the multifaceted applications of HPMC, the market is projected to further grow at a CAGR of 3% between 2023 and 2028 to reach a value of USD 5.90 billion by 2028.
Hydroxypropyl methylcellulose, commonly referred to as HPMC, is a non-ionic cellulose ether, synthesised from natural polymers. Characterised by its outstanding thickening, emulsifying, and stabilising properties, HPMC is an integral component in a myriad of applications, spanning from the pharmaceutical and cosmetic sectors to the construction and food industries. Its ability to modify flow, improve texture, and stabilise formulations renders it indispensable in the current industrial landscape.
A predominant factor driving the HPMC market growth is its significant role in the pharmaceutical domain. As a film-coating agent, it ensures drug stability and enhances solubility in tablet formulations, paving the way for better drug delivery systems. The rise in global health concerns and subsequent increased drug production fortifies HPMC's position as an essential ingredient in pharmaceutical formulations.
Beyond its pharmaceutical applications, HPMC's intrinsic properties have been harnessed across various industries. In the food and beverage sector, it serves as a crucial stabiliser, thickener, and emulsifier, ensuring the desired consistency and stability of products ranging from ice creams to sauces. The burgeoning demand for processed and convenience foods further augments the HPMC market outlook.
Additionally, the construction industry, undergoing massive global expansion, leverages HPMC as an additive in wall putties, tile adhesives, and cement renders. Its water-retention properties, combined with its capacity to enhance workability, make HPMC an invaluable asset in modern construction materials.
The cosmetic and personal care sector is boosting the HPMC market demand. HPMC is being used in this sector as a thickening agent in lotions, creams, and shampoos, among others. With consumers becoming more discerning about the texture and spreadability of cosmetic products, the demand for effective thickening agents like HPMC is on the rise.
Furthermore, as sustainability becomes a global focus, HPMC's potential in creating eco-friendly products is being explored. Research into producing biodegradable films and coatings using HPMC signifies its promise in the green revolution, aligning the market with global sustainable goals.
This high-quality, data-driven analyses provide the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today's competitive market.
Don't miss the opportunity to elevate your business intelligence and fortify your strategic planning. Secure your organisation's future success by acquiring one of these reports today.
*The publisher always strives to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
Hydroxypropyl methylcellulose, commonly referred to as HPMC, is a non-ionic cellulose ether, synthesised from natural polymers. Characterised by its outstanding thickening, emulsifying, and stabilising properties, HPMC is an integral component in a myriad of applications, spanning from the pharmaceutical and cosmetic sectors to the construction and food industries. Its ability to modify flow, improve texture, and stabilise formulations renders it indispensable in the current industrial landscape.
A predominant factor driving the HPMC market growth is its significant role in the pharmaceutical domain. As a film-coating agent, it ensures drug stability and enhances solubility in tablet formulations, paving the way for better drug delivery systems. The rise in global health concerns and subsequent increased drug production fortifies HPMC's position as an essential ingredient in pharmaceutical formulations.
Beyond its pharmaceutical applications, HPMC's intrinsic properties have been harnessed across various industries. In the food and beverage sector, it serves as a crucial stabiliser, thickener, and emulsifier, ensuring the desired consistency and stability of products ranging from ice creams to sauces. The burgeoning demand for processed and convenience foods further augments the HPMC market outlook.
Additionally, the construction industry, undergoing massive global expansion, leverages HPMC as an additive in wall putties, tile adhesives, and cement renders. Its water-retention properties, combined with its capacity to enhance workability, make HPMC an invaluable asset in modern construction materials.
The cosmetic and personal care sector is boosting the HPMC market demand. HPMC is being used in this sector as a thickening agent in lotions, creams, and shampoos, among others. With consumers becoming more discerning about the texture and spreadability of cosmetic products, the demand for effective thickening agents like HPMC is on the rise.
Furthermore, as sustainability becomes a global focus, HPMC's potential in creating eco-friendly products is being explored. Research into producing biodegradable films and coatings using HPMC signifies its promise in the green revolution, aligning the market with global sustainable goals.
Market Segmentation
The market can be divided based on end use and region.Market Breakup by End Use
- Construction
- Pharmaceuticals (Including Cosmetics)
- Food Industry
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global HPMC market. Some of the major players explored in the report are as follows:- ShinEtsu (SE Tylose GmbH & Co. KG)
- Ashland
- Dow
- LOTTE Fine Chemical
- Others
About the Publisher
Acquire unparalleled access to critical industry insights with our comprehensive market research reports, meticulously prepared by a team of seasoned experts. These reports are designed to equip decision-makers with an in-depth understanding of prevailing market trends, competitive landscapes, and growth opportunities.This high-quality, data-driven analyses provide the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today's competitive market.
Don't miss the opportunity to elevate your business intelligence and fortify your strategic planning. Secure your organisation's future success by acquiring one of these reports today.
*The publisher always strives to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
Table of Contents
1 Preface2 Report Coverage - Key Segmentation and Scope4 Key Assumptions7 Industry Opportunities and Challenges11 Value Chain Analysis17 Industry Events and Developments
3 Report Description
5 Executive Summary
6 Snapshot
8 Global HPMC Market Analysis
9 Regional Analysis
10 Market Dynamics
12 Trade Data Analysis
13 Price Analysis
14 Manufacturing Process
15 Feedstock Market Analysis
16 Competitive Landscape
List of Key Figures and Tables
Companies Mentioned
- ShinEtsu (SE Tylose GmbH & Co. KG)
- Ashland
- Dow
- LOTTE Fine Chemical
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 155 |
| Published | September 2023 |
| Forecast Period | 2023 - 2028 |
| Estimated Market Value ( USD | $ 5.09 Billion |
| Forecasted Market Value ( USD | $ 5.9 Billion |
| Compound Annual Growth Rate | 3.0% |
| Regions Covered | Global |
| No. of Companies Mentioned | 4 |
