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.
Hydroxypropyl methylcellulose (HPMC) refers to a chemically modified cellulose polymer obtained by treating wood pulp with methyl chloride and caustic soda. It is non-toxic, transparent, elastic, and oil and fat-resistant, and exhibits moderate moisture and oxygen barrier properties. As a result, HPMC is extensively used as a thickener, stabilizer, emulsifier, and rheology modifier across several industrial verticals.
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Global Hydroxypropyl Methylcellulose (HPMC) Market Trends:
One of the key factors driving the global HPMC market growth is the rapid expansion in the food and beverage (F&B) sector and the increasing demand for ready-to-eat (RTE) products. HPMC is widely used in the preparation of toppings, sauces, and confectionery consumer goods, which is supporting the market growth. Additionally, shifting consumer inclination towards vegetarian capsules over gelatin-based drugs has prompted the pharmaceutical industry to uptake HPMC as an excipient in tablet formulation, which is propelling the market growth. Besides this, the extensive utilization of HPMC as a dispersing and binding agent in the construction sector to manufacture various building materials, including tile adhesives and cement plasters, is acting as another growth-inducing factor. This, in turn, assists in improving the viscosity, water retention, and strength while preventing cracks in the material.
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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