global hydroxypropyl methylcellulose (HPMC) market. is expected to be of value 1963 million dollars in 2022. This value is expected to increase in the near future 2545 million dollars until 2030, with a compound annual growth rate (CAGR) of approximately 3.30% between 2023 and 2030.
Hydroxypropyl Methylcellulose (HPMC) Market: Overview
This form of synthetic polymer is known as hydroxypropyl methylcellulose or HPMC for short. It is made of cellulose. It is widely used in a variety of industries, including food and pharmaceutical manufacturing, as well as in cosmetics and personal care goods. Plant cell walls contain cellulose, a natural carbohydrate. Cellulose can also be produced in the laboratory. HPMC is created by modifying cellulose through a chemical procedure that also includes propylene oxide and methyl chloride.
The resulting material had a structure consisting of a combination of methyl and hydroxypropyl groups attached to the cellulose backbone. Product viscosity and degree of substitution (DS), which is the average number of hydroxyl groups changed in the cellulose molecule, are two elements that can affect the exact properties of HPMC. These factors may also affect how HPMC is used. These properties can be changed or adjusted during the manufacturing process, allowing service providers to meet a wide range of end-user requirements.
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Hydroxypropyl Methylcellulose (HPMC) Market: Growth Drivers
The increasing use of HPMC in the construction industry is the major factor driving the market growth.
The global hydroxypropyl methylcellulose (HPMC) market is expected to grow due to the increasing number of uses of HPMC in the building and construction industry. HPMC is used as a cement additive because it improves the water retention, workability and adhesive capabilities of cement-based components such as mortars, varnishes and tile adhesives. This is due to the possibility of HPMC being added to the cement. The consumption of HMPC is expected to expand as a result of increasing demand for residential and commercial units worldwide, as well as the rapid pace of industrialization.
Hydroxypropyl Methylcellulose (HPMC) Market: Segmentation
The hydroxypropyl methylcellulose (HPMC) market is divided into three segments: applications, product types, and geographic regions.
Application-based segments of the global market include paints and coatings, pharmaceuticals, personal care, food and beverages, building and construction, and other applications. In 2022, the building and construction industry was the main driver of segmental growth. This was mainly due to the many advantages offered by HPMC when used as a cementitious ingredient. For example, it improves water retention while simultaneously reducing early drying and increases cement hydration. In addition, it helps to improve the hydration of the cement.
Another advantage is that it improves the adhesive properties of cement-based compounds. It is well known for increasing the bond strength between the mortar and the substrate, which can include bricks or tiles, resulting in long-lasting performance. The use of high performance plastic composites (HPMC) is expected to increase in response to the growing demand for buildings that can withstand extreme and harsh weather conditions. HMPC is preferably used as a binder in amounts ranging from 2% to 5% of the total weight of the material.
Hydroxypropyl Methylcellulose (HPMC) Market: Regional Analysis
Asia-Pacific will provide tremendous answers over the coming years
The global hydroxypropyl methylcellulose (HPMC) market is anticipated 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 the main drivers of regional growth. The main reasons for the higher CAGR in Asia-Pacific are the increase in domestic consumption and the presence of a highly developed chemical industry in China and India. Japan is home to a large number of major chemical producers, and in 2021, according to a report, the country’s total earnings 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 such as:
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 & Beverage
Building & Construction
Others
By product type
Food grade HMPC
Pharmaceutical grade HPMC
Industrial grade HPMC
By region
North America
United States
Canada
Europe
France
United Kingdom
Spain
Germany
Ital
The rest of Europe
Asia Pacific
China
Japan
INDIA
South Korea
Southeast Asia
Rest of Asia Pacific
Latin America
Brazil
Mexico
The rest of Latin America
Middle East and Africa
GCC
South Africa
The rest of the Middle East and Africa
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