Global Hydroxypropyl Methylcellulose (HPMC) Market To Grow At A CAGR Of 3.30% During The Forecast Period

The global hydroxypropyl methylcellulose (HPMC) market size was worth around USD 1963 million in 2022 and is predicted to grow to around USD 2545 million by 2030 with a compound annual growth rate (CAGR) of roughly 3.30% between 2023 and 2030.

Hydroxypropyl Methylcellulose (HPMC) is also known as Hypromellose. It is a viscoelastic, inert, and semisynthetic polymer that is used extensively as an excipient and controlled-delivery component to produce oral medicines. HPMC is also used to manufacture eye drops and it has applications in the food industry as well along with other sectors such as building & construction and paint industries where it performs the role of an excellent additive. In appearance it is off-white to beige in color and solid in form. It is a non-toxic ingredient with combustion properties and can react with oxidizing agents at high intensities. The HPMC industry deals with the production of synthetic compound along with its derivatives. During the forecast period, the growth rate is expected to be steady.

This review is based on a report by Zion Market Research, titled "Hydroxypropyl Methylcellulose (HPMC) Market By Application (Paints & Coatings, Pharmaceutical, Personal Care, Food & Beverages, Building & Construction, And Others), By Product Type (Food-Grade HMPC, Pharmaceutical-Grade HPMC, And Industrial-Grade HPMC), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030"- Report at https://www.zionmarketresearch.com/report/hydroxypropyl-methylcellulose-hpmc-market

The global hydroxypropyl methylcellulose (HPMC) market is projected to grow owing to the increasing application of HPMC in the pharmaceutical sector. It performs the roles of a binder, film former, and controlled-release agent. As the global need for advanced medical care is growing owing to the rising population and increasing number of patients, the demand for HPMC is likely to be boosted in the coming years. During its application in the development of controlled-release drug formulations, HMPC assists in managing the release rate of active ingredients which ensures sustained and targeted drug delivery.

Furthermore, the hydroxypropyl methylcellulose industry players are expected to benefit from the growing demand for the compound to produce personal care and cosmetic products such as creams, lotions, shampoos, and mascaras. In these products, HPMC acts as a thickener, emulsifier, and film-forming agent which allows the product to achieve desired texture along with superior performance and stability. With the growing demand for personal care products as consumer awareness is rapidly rising and strengthened by growing disposable income, the application rate of HPMC is anticipated to continue growing.

The hydroxypropyl methylcellulose industry may face certain growth restrictions due to regulatory compliance and safety standards that regulate the use of HPMC across nations. Since such rules differ depending on the country, the end-user must ensure that they meet all regulatory requirements. Furthermore, it has limited applications since its usage depends on specific formulations.

The growing inclination toward green and sustainable solutions across industries may provide growth opportunities while the extreme price volatility of raw materials could challenge the market expansion.

The global hydroxypropyl methylcellulose (HPMC) market is segmented based on application, product type, and region.

Based on application, the global market is segmented into paints & coatings, pharmaceuticals, personal care, food & beverages, building & construction, and others. The segmental growth was dominated by the building & construction industry in 2022 due to the extensive advantages offered by HPMC when acting as a cement additive. For instance, it assists in improving water retention capabilities while also preventing premature drying along with improving cement hydration. Furthermore, it also enhances the adhesion properties of cement-based formulations. It is known to improve the bond strength between the mortar and the substrate, such as masonry and tiles, thus providing long-lasting performance. With the growing demand for structures that can withstand extreme and harsh environmental conditions, the application of HPMC is likely to be higher. Ideally, HMPC as a binder should be used in 2% to 5% weight/weight (w/w) portion.

Based on product type, the global hydroxypropyl methylcellulose market is divided into food-grade HMPC, pharmaceutical-grade HPMC, and industrial-grade HPMC. The highest CAGR was observed in the industrial-grade HPMC due to higher applications in the construction sector along with uses in paints and coatings and personal care industries. Food-grade HPMC is specially formulated to be used in the food industry where it is used as an additive for its thickening, stabilizing, and emulsifying properties. It is commonly found in food items including sauces, dressings, bakery items, and beverages. Pharmaceutical-grade HPMC is used for processes like tablet coatings and is also applied to achieve controlled-release formulations or as a binder in tablet manufacturing. The growing stringency in regulating products used in the pharmaceutical sector could trigger HPMC requirements. In 2021, the US pharmaceutical industry generated more than USD 550 billion in revenue.

Asia-Pacific to lead with the highest revenue in the global hydroxypropyl methylcellulose (HPMC) market due to the growing consumption rate of HPMC across large-scale industries such as construction, pharmaceutical, and personal care. China’s dominance over the global chemical industry plays a crucial role in the regional expansion trajectory.

North America is expected to deliver exceptional results due to the presence of a robust chemical industry along with extensive use of HPMC in the growing construction segment along with increasing investments toward research for better application of HPMC in the pharmaceutical industry. Increasing emphasis on sustainable and green solutions may support regional market growth.

Growth in Europe may be a result of the expanding personal care and cosmetic industry. The region is home to some of the largest personal care manufacturers with a presence across the globe.

Recent Developments:

• In May 2023, DuPont, a global leader in the chemical industry, announced the complete acquisition of Spectrum Plastic Group from its AEA investors
• In March 2023, British International Investment (BII), a leading impact investor from the UK, and Metito Utilities Limited (MUL) joined forces to establish a new project in Africa toward water infrastructure development in the country. The project will aid Africa to meet its water requirements in the coming future

Hydroxypropyl Methylcellulose (HPMC) Market: Competitive Analysis

The global hydroxypropyl methylcellulose (HPMC) market is led by players like:

• Ashland Global Holdings Inc.
• DowDuPont Inc.
• Shin-Etsu Chemical Co. Ltd.
• Lotte Fine Chemical
• China RuiTai International Holdings Co. Ltd.
• Shandong Head Co. Ltd.
• Samsung Fine Chemicals Co. Ltd.
• Reliance Cellulose Products Ltd.
• Zhejiang Kehong Chemical Co. Ltd.
• Anhui Shanhe Pharmaceutical Excipients Co. Ltd.
• JRS Pharma
• SE Tylose GmbH & Co. KG
• Shin-Etsu Chemical Europe BV
• Fengrun Chemical Industry Co. Ltd.
• Ashirwad Chemicals
• QINGDAO SINOCMC CHEMICAL CO. LTD.
• Shandong Yiteng New Material Co. Ltd.
• Weihe Enterprise Co. Ltd.
• DKS Co. Ltd.
• Shandong Aote Biology Technology Co. Ltd.
• CP Kelco
• Penn Carbose Inc.
• Henan Tiansheng Chemical Industry Co. Ltd.
• Hercules Chemicals (UK) Ltd.
• Yixing Hongbo Fine Chemical Co. Ltd.

The global hydroxypropyl methylcellulose (HPMC) market is segmented as follows:

By Application

• Paints & Coatings
• Pharmaceutical
• Personal Care
• Food & Beverages
• Building & Construction
• Others

By Product Type

• Food-Grade HMPC
• Pharmaceutical-Grade HPMC
• Industrial-Grade HPMC

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

About Us:

Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.

Contact Us:

Zion Market Research
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651
Email: sales@zionmarketresearch.com
Website: https://www.zionmarketresearch.com