Quick Summary:
As evolving markets generate unprecedented needs across various sectors, a strategic focus on the global Hydroxypropyl Methylcellulose (HPMC) market offers distinct advantages. An essential material utilized in industries like pharmaceuticals, construction, food, and personal care, the steadily increasing demand for Hydroxypropyl Methylcellulose (HPMC) is based on its multitude of applications - from serving as a binder and film covering agent in medicines, to fulfilling the role of a thickening agent, stabilizer, and emulsifier in food & beverages sector. Additionally, its use as a bioadhesive, intermediate product, and dispersion agent in cosmetics creation makes it indispensable in the current industrial framework.
The report reveals pivotal insights about the drivers behind the Hydroxypropyl Methylcellulose (HPMC) market. Key among these is the application of HPMC in the flourishing construction sector, where it majorly functions as a thickener, binder, and dispersant, contributing significantly to performance enhancement of cement mortar and plaster goods. Driven by overarching trends of urbanization and infrastructure development worldwide, this market is set for expansion. Furthermore, in the food and beverage industry, the demand for low-fat food products, reflecting the health-conscious zeitgeist, has positioned HPMC as a sought-after ingredient. Delve into the competitive landscape, regional performance, and more, as the report projects the global Hydroxypropyl Methylcellulose (HPMC) market to reach nearly 180 thousand tonnes by 2032.
Hydroxypropyl Methylcellulose (HPMC) is a semi-synthetic fiber. This polymer is synthesized by the chemical reaction of cellulose, methylene, and propylene, with sodium hydroxide by the alkalization and etherification. Based on usage, the hydroxypropyl methylcellulose (HPMC) market is divided into industrial grade HPMC, pharmaceutical grade HPMC, and food grade HPMC. HPMC is used as a binder, film covering agent, and for sustained release matrix in solid dosage forms in medicines. HPMC is widely used in the food & beverages sector for making frozen fruits, sauces, condiments, toppings, and various pastry goods, where HPMC serves as a thickening agent, stabilizer, and emulsifier. Due to its capacity to serve as a bio adhesive, intermediate product, and dispersion agent, HPMC is also utilized in the production of a range of cosmetic items, including topical applications, pastes, lotions, and creams.
The global Hydroxypropyl Methylcellulose (HPMC) market is driven by its application in the construction sector. Hydroxypropyl methylcellulose (HPMC) is mostly used in the molding of cement mortar and plaster goods, and it can function as a thickener, binder, and dispersant. It is used in cement mortar to improve fluidity, contraction, and water retention, decrease water loss from concrete surfaces, boost durability, and prevent the formation of fractures and the effects of water-soluble salts on weathering. Owing to urbanization and infrastructure development across the globe, the HPMC market is anticipated to foresee an expansion in the forecast period. Moreover, one of the key factors influencing the demand for HPMC in the food and beverage (F&B) industry is the rising desire for low-fat food products as a result of rising health consciousness among people. The global Hydroxypropyl Methylcellulose (HPMC) market is estimated to reach nearly 180 thousand tonnes by 2032.
Based on region, Asia Pacific is dominating the global Hydroxypropyl Methylcellulose (HPMC) market. In 2022, this region consumed approximately 40% of the global Hydroxypropyl Methylcellulose (HPMC). This is due to the rise in demand and expenditures made in the infrastructure and construction sectors to meet the demands of the enormous population and is anticipated to further rise in response to the rising population. Furthermore, Asia Pacific also leads in terms of producing HPMC with China being the major producer.
Based on the end-user industry, the global Hydroxypropyl Methylcellulose (HPMC) market is segmented into Construction, Food industry, Pharmaceutical Industry, Personal care, and Others. Among these, the Construction sector is preceding all other sectors and is anticipated to continue to stay so in the forecast period.
Major players in the production of Global Hydroxypropyl Methylcellulose (HPMC) are Hebei zhengshuo Technology Co.,ltd, Shandong Yiteng New Material Co.,ltd., JinZhou HPMC cellulose co.,ltd, Hebei Yida Cellulose Co., Ltd., Zhicheng Cellulose Co., Ltd., Yillong Chemical Group, DK Fine Chemical, and Others.
Years considered for this report:
- Historical Period: 2015- 2022
- Base Year: 2022
- Estimated Year: 2023
- Forecast Period: 2024-2032
Objective of the Study:
- To assess the demand-supply scenario of Hydroxypropyl Methylcellulose (HPMC) which covers production, demand and supply of Hydroxypropyl Methylcellulose (HPMC) market in the globe.
- To analyse and forecast the market size of Hydroxypropyl Methylcellulose (HPMC)
- To classify and forecast Global Hydroxypropyl Methylcellulose (HPMC) market based on end-use and regional distribution.
- To examine competitive developments such as expansions, mergers & acquisitions, etc., of Hydroxypropyl Methylcellulose (HPMC) market in the globe.
The publisher calculated Hydroxypropyl Methylcellulose (HPMC) demand in the globe by analyzing the historical data and demand forecast which was carried out considering the production of raw material to produce Hydroxypropyl Methylcellulose (HPMC). The publisher sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by the publisher.
Key Target Audience:
- Hydroxypropyl Methylcellulose (HPMC) manufacturers and other stakeholders
- Organizations, forums and alliances related to Hydroxypropyl Methylcellulose (HPMC) distribution
- Government bodies such as regulating authorities and policy makers
- Market research organizations and consulting companies
Report Scope:
In this report, Global Hydroxypropyl Methylcellulose (HPMC) market has been segmented into following categories, in addition to the industry trends which have also been detailed below:- Market, by End-use: Construction, Food industry, Pharmaceutical Industry, Personal care, and Others
- Market, by Sales Channel: Direct Sale and Indirect Sale
- Market, by Region: North America, Europe, Asia Pacific, Middle East and Africa, and South America.
Available Customizations:
With the given market data, the publisher offers customizations according to a company’s specific needs.Table of Contents
Methodology
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