July 04, 2023 08:34 ET | Source: Zion Market Research Zion Market Research
New York, NY, July 04, 2023 (GLOBE NEWSWIRE) -- Zion Market Research has published a new research report 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” in its research database. Kingmax Hpmc
“According to the latest research study, the demand of global Hydroxypropyl Methylcellulose (HPMC) Market size & share in terms of revenue was valued at USD 1963 million in 2022 and it is expected to surpass around USD 2545 million mark by 2030, growing at a compound annual growth rate (CAGR) of approximately 3.30% during the forecast period 2023 to 2030.”
What is Hydroxypropyl Methylcellulose (HPMC)? How big is the Hydroxypropyl Methylcellulose (HPMC) Industry?
Hydroxypropyl Methylcellulose (HPMC) Report Coverage & Overview:
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.
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Global Hydroxypropyl Methylcellulose (HPMC) Market: Growth Dynamics
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.
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Hydroxypropyl Methylcellulose (HPMC) Market: Segmentation Analysis
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 as follows:
Browse the full “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
Some of the main competitors dominating the global Hydroxypropyl Methylcellulose (HPMC) market include -
Key Insights from Primary Research:
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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.
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