PUBLISHER: ChemAnalyst | PRODUCT CODE: 1267853
PUBLISHER: ChemAnalyst | PRODUCT CODE: 1267853
The global Hydroxypropyl Methylcellulose (HPMC) demand stood at approximately 125 thousand tonnes in 2022 and is expected to grow at a CAGR of 3.53% during the forecast period until 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
To extract data for Global Hydroxypropyl Methylcellulose (HPMC) market, primary research surveys were conducted with Hydroxypropyl Methylcellulose (HPMC) manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Global Hydroxypropyl Methylcellulose (HPMC) market over the coming years.
ChemAnalyst 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). ChemAnalyst 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 ChemAnalyst.
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Hydroxypropyl Methylcellulose (HPMC) manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
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:
With the given market data, ChemAnalyst offers customizations according to a company's specific needs.
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