Global Hydroxypropyl Methylcellulose (HPMC) Market

Hydroxypropyl Methylcellulose (HPMC) Market Size, Share, Trend, Growth, and Forecast Report 2030

The global hydroxypropyl methylcellulose (HPMC) market is expected to be worth USD 1963 million in 2022. This value is expected to climb to more than USD 2545 million by 2030, with a compound annual growth rate (CAGR) of roughly 3.30% between 2023 and 2030.

Hydroxypropyl Methylcellulose (HPMC) Market: Overview

This form of synthetic polymer is known as hydroxypropyl methylcellulose, shortened as HPMC for simplicity. Its structure is made of cellulose. It is widely used in a wide range of economic industries, including the manufacture of food and pharmaceuticals, as well as cosmetics and other personal care items. Cellulose is a carbohydrate that occurs naturally in plants and is found in plant cell walls. Cellulose can also be produced in a laboratory setting. HPMC is created through a multi-step chemical process that begins with cellulose modification and continues with the addition of propylene oxide and methyl chloride to the mixture.

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The material generated had a structure made up of a combination of methyl and hydroxypropyl groups connected to the cellulose backbone. This structure arose as a result of the reaction. The completed product’s viscosity and the degree of substitution (DS), which refers to the usual amount of changed hydroxyl groups on the cellulose molecule, are two parameters that may influence the unique properties of HPMC. These additional considerations may have an impact on the use of HPMC. These properties can be modified or adjusted during the manufacturing process, allowing service providers to meet the needs of a wide range of end-users.

Hydroxypropyl Methylcellulose (HPMC) Market: Growth Drivers

The growing use of HPMC in the construction industry is the primary driver of market expansion.

It is expected that the number of applications for hydroxypropyl methylcellulose (HPMC) in the building and construction sector would increase, leading to growth in the global market for HPMC. HPMC is used as a cement additive because it improves the water retention, workability, and adhesion capabilities of cement-based components such as mortars, renders, and tile adhesives. This is due to the potential of the cement containing HPMC. It is expected that consumption of HMPC will rise as a result of the world’s increasing industrialization and the growing need for residential and commercial units everywhere.

The hydroxypropyl methylcellulose (HPMC) market is divided into three segments:

Applications, product categories, and geographical regions are all examples of applications.

The global market’s application-based segments include paints and coatings, pharmaceuticals, personal care, food and beverages, building and construction, and other applications. The key factor driving the segment’s expansion in 2022 was the building and construction industry. This was primarily due to the multiple advantages that might be realized by using HPMC as an ingredient in cement. For example, it improves water retention while also reducing early drying and increasing cement hydration. This is just one of many advantages. Furthermore, it adds to the improvement of the cement hydration process.

Another advantage of utilizing it is that it improves the adhesive properties of cement-based compositions. It is well known for its capacity to strengthen the binding strength between the mortar and the substrate, which may include brick or tiles, resulting in long-lasting performance. It is expected that the use of high-performance plastic composites (HPMC) will expand as a result of the increased need for constructions that can survive severe and severe weather conditions. As a binder, HMPC should be used in proportions ranging from 2% to 5% of the total weight of the material.

Hydroxypropyl Methylcellulose (HPMC) Market: Regional Analysis

Asia-Pacific to deliver exceptional response during the coming years

The global hydroxypropyl methylcellulose (HPMC) market is projected to be dominated by Asia-Pacific during the forecast period. Countries such as Japan, India, and China along with contributions from other nations are likely to become major driving nations for regional growth. The primary reasons for higher CAGR in Asia-Pacific are increasing domestic consumption and the presence of a highly developed chemical industry in China and India. Japan is home to a large number of leading chemical manufacturers and in 2021, as per a report, the country’s total revenue from chemical exports reached 10.44 trillion Japanese yen.

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
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
Personal Care
Food Beverages
Building Construction
By Product Type

Food-Grade HMPC
Pharmaceutical-Grade HPMC
Industrial-Grade HPMC
By Region
North America
The U.S.
The UK
Rest of Europe
Asia Pacific
South Korea
Southeast Asia
Rest of Asia Pacific
Latin America
Rest of Latin America
Middle East Africa
South Africa
Rest of Middle East Africa

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