According to the latest report by IMARC Group, titled “HPMC (Hydroxypropyl Methylcellulose) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the global HPMC (hydroxypropyl methylcellulose) market reached a volume of 139.8 Kilo Tons in 2021. Looking forward, IMARC Group expects the market to reach a volume of 186.8 Kilo Tons by 2027, exhibiting a CAGR of 5.18% during 2022-2027.
HPMC (Hydroxypropyl Methylcellulose) Market Overview:
Hydroxypropyl methylcellulose (HPMC) is a viscoelastic, semisynthetic, and inert polymer that is produced by using a cotton liner with sodium hydroxide solution. It is a tasteless, light-colored, odorless, and non-toxic powder, which is soluble in cold water and exhibits reversible gelation. As a result, it is extensively used across the construction and healthcare sectors.
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Global Hydroxypropyl Methylcellulose (HPMC) Market Trends:
The increasing demand for HPMC across the pharmaceutical, food and beverage (F&B), healthcare, and construction sectors is a prime factor driving the market growth. It is a stabilizer, thickening agent, and emulsifier, due to which it is extensively used for the manufacturing of sauces, toppings, ketchup, and bakery products. Moreover, the increasing consumer awareness regarding health and hygiene and the rising demand for low-fat food products are other growth-inducing factors. Apart from this, the rising demand for HPMC in the manufacturing of paints, coatings, dyes, eye drops, and oral medications is another factor creating a positive outlook for the market.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
IMARC Group provides an analysis of the key trends in each sub-segment of the global HPMC (hydroxypropyl methylcellulose) market, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on end use.
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