An increasing demand for low-fat foods and growing use of HPMC in pharmaceutical applications are projected to propel the expansion of the global hydroxypropyl methylcellulose (HPMC) market during the forecast period between and .
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Global Hydroxypropyl Methylcellulose (HPMC) Market - Industry Trends & Forecast Report,
Global hydroxypropyl methylcellulose (HPMC) market size was estimated at USD 5.41 billion in . During the forecast period between and , the size of global hydroxypropyl methylcellulose (HPMC) market is projected to grow at a CAGR of 2.25% reaching a value of USD 6.27 billion by . Major growth drivers for the global hydroxypropyl methylcellulose (HPMC) market include an increasing demand from end-use industries, such as construction and pharmaceuticals. Key players are focusing on offering customized manufacturing and solutions using advanced technologies to expand their customer base and increase revenue in the future. HPMC, a powdered substance with diverse applications, acts as a stabilizer, thickening agent, and emulsifier in the production of various food items, including frozen fruits, ketchup, sauces, toppings, and bakery products. The rising demand for low-fat products due to consumers' increasing health-consciousness is one of the primary factors driving the demand for global hydroxypropyl methylcellulose (HPMC) market during the forecast period.
Global Hydroxypropyl Methylcellulose Market &#; Overview
Hydroxypropyl methylcellulose (HPMC) is a powder that has no taste or smell, is not harmful, and is light in color. When dissolved in cold water, it creates a colloid solution. HPMC has a wide range of applications in different fields, including construction and ophthalmology. Due to its remarkable biodegradability and biocompatibility, it is now frequently used in making bio composites. HPMC is a versatile powder that has various applications across multiple industries. It is commonly used as a thickening agent, stabilizer, and emulsifier in the production of frozen fruits, ketchup, sauces, toppings, and baked goods. The increasing demand for low-fat products is driving the demand for HPMC as consumers become more health-conscious. HPMC is also used in the manufacturing of cosmetic products such as ointments, creams, pastes, and lotions because of its ability to act as a bio adhesive, excipient, and dispersing agent. Moreover, HPMC has a significant application in ophthalmology, where it works as a lubricant and helps to alleviate eye irritation. The powder is also employed in industrial settings, such as inks, textile printing and dyeing, and papermaking.
Global Hydroxypropyl Methylcellulose Market
Growth Drivers
Increasing Use of HPMC in Pharmaceutical Applications
The growth of the global hydroxypropyl methylcellulose (HPMC) market is being fueled by the rising demand for this substance in pharmaceutical applications. This demand is being driven by the increasing use of HPMC as an excipient in drug formulations due to its excellent binding, thickening, and emulsifying properties. In addition, the growing popularity of plant-based medicines and the rising prevalence of chronic diseases are also contributing to the expansion of the market. As a result, manufacturers are investing in the development of new and innovative products to cater to the needs of the pharmaceutical industry. This, in turn, is expected to drive the growth of the hydroxypropyl methylcellulose market in the coming years.
Restraints
Rising Demand for Substitutes
The growth of the global hydroxypropyl methylcellulose market may face hindrances due to the increasing demand for substitutes. Some consumers may prefer to use other substances that can serve the same purpose as hydroxypropyl methylcellulose. Also, synthetic alternatives like polyvinylpyrrolidone (PVP) and hydroxyethyl cellulose (HEC) are also being used in various applications. The availability of such substitutes may lead to a decrease in demand for hydroxypropyl methylcellulose, thereby impacting the growth of the market. Manufacturers may need to address this challenge by innovating and developing new products with better properties and features to remain competitive in the market.
Impact of COVID-19 on Global Hydroxypropyl Methylcellulose Market
COVID-19 pandemic had a dual impact on the global hydroxypropyl methylcellulose market. The pandemic disrupted the supply chain of hydroxypropyl methylcellulose, leading to a shortage of raw materials and affecting the production of this substance. The lockdowns and restrictions imposed by governments across the world also affected the demand for hydroxypropyl methylcellulose, particularly in industries, such as construction and cosmetics, which witnessed a decline in demand due to the economic slowdown caused by the pandemic. On the other hand, the demand for hydroxypropyl methylcellulose in pharmaceutical applications increased during the pandemic. As healthcare systems across the world were overwhelmed by the pandemic, the demand for drugs and medicines surged, leading to an increase in the demand for excipients such as hydroxypropyl methylcellulose. Also, the pandemic created growth opportunities for the players in the hydroxypropyl methylcellulose market, particularly in the area of plant-based medicines and supplements, which have gained popularity as people look for ways to boost their immune systems.
Global Hydroxypropyl Methylcellulose Market
Segmental Coverage
Global Hydroxypropyl Methylcellulose Market &#; By Product
By product, the global hydroxypropyl methylcellulose market is divided into Industrial Grade HPMC, Pharmaceutical Grade HPMC, and Food Grade HPMC segments. The pharmaceutical grade hydroxypropyl methylcellulose (HPMC) segment holds the highest share in the global HPMC market. This can be attributed to the increasing demand for HPMC as an excipient in the pharmaceutical industry. HPMC is used in drug formulations as a binder, thickener, and stabilizer due to its excellent properties such as biocompatibility, controlled-release, and bio adhesion. With the rising demand for innovative drug delivery systems and the growing popularity of plant-based medicines, the demand for HPMC in the pharmaceutical industry is expected to continue to grow in the coming years. Also, the pharmaceutical grade HPMC segment is also expected to witness significant growth due to the increasing prevalence of chronic diseases and the growing demand for personalized medicine. As healthcare systems across the world face increasing pressure to provide better healthcare services, the demand for innovative drug formulations using HPMC as an excipient is expected to rise.
Global Hydroxypropyl Methylcellulose Market &#; By Application
Based on application, the global hydroxypropyl methylcellulose market is divided into Pharmaceutical, Buildings & Construction, Food & Beverages, Paints & Coatings, Personal Care, and Adhesives segments. The buildings & construction segment holds the highest share in the global hydroxypropyl methylcellulose (HPMC) market due to the widespread use of HPMC as a thickener, binder, and water-retention agent in various construction applications. HPMC is used in the construction industry as a key additive in cement-based products such as tile adhesives, grouts, renders, and mortars. It improves the workability, adhesion, and durability of these products, while also providing water retention and reducing cracking and shrinkage. Also, HPMC is used as a protective colloid in the production of gypsum-based products such as plasterboard and dry-mix mortars. The demand for these products is increasing globally due to the growing construction industry and rising urbanization. As a result, the demand for HPMC in the buildings and construction segment is expected to continue to grow in the coming years. Followed by, the pharmaceuticals application segment holding the second-largest revenue share in the global hydroxypropyl methylcellulose (HPMC) market. HPMC is commonly utilized as a thickener in alcohol-based hand sanitizers, and the outbreak of COVID-19 has significantly increased the demand for these products worldwide. The dosage of HPMC can be adjusted depending on the required viscosity, which can help optimize the production process and reduce operational costs. HPMC solutions with high viscosity are commonly used in eye drops because they are compatible with electrolytes and serve as effective thickening agents. Furthermore, the growing number of pharmaceutical companies in emerging economies is expected to boost the demand for HPMC in the pharmaceuticals segment.
Global Hydroxypropyl Methylcellulose Market &#; By Region
The in-depth research report on the global hydroxypropyl methylcellulose market covers various country-specific markets across five major regions: North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The Asia-Pacific region dominated the global HPMC market. The growth can be attributed to the increasing investments and demand in the construction and infrastructure industries, driven by the growing population. The European Federation of Chemical Engineering (EFCE) reports that China and India were major contributors to the global construction industry in . According to the International Trade Centre (ITC), China and India accounted for 26.1% and 14.1% of this growth, respectively. India is one of the world's fastest-growing economies, and initiatives such as PM Aawas Yojana have led to a surge in construction and infrastructure demand. Apart from the construction industry, HPMC is widely used in the food industry in Asia Pacific for thickening, stabilizing, emulsifying, and suspending various food items. It is a popular substitute for gelatin in confectionery and bakery products and is also sought after by health-conscious consumers as it can reduce the fat content in food items. Furthermore, the strong growth in end-use industries such as construction and food and beverages are expected to drive the growth of the HPMC market in Asia Pacific during the forecast period.
Competitive Landscape
Major players operating in the global hydroxypropyl methylcellulose (HPMC) market include Ashland, Shin-Etsu Chemical Co., Ltd., Chemcolloid Limited, Zhejiang Haishen New Materials limited, DuPont de Nemours, Inc., CP Kelco U.S., Inc., Celotech Chemicals Co., Ltd., Hebei Yibang Building Materials Co., Ltd., and Changzhou Guoyu Environmental S&T Co., Ltd. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
Recent Developments
In July - Dow Chemical Company announced its plans to execute a range of capacity expansions to cater to the surging global demand for eco-friendly and inventive additives in the rapidly expanding performance materials and coatings industries, as well as other high-growth markets that have emerged recently. These proposed expansions are anticipated to be financially beneficial for the company.
Scope of the Report
Attributes
Details
Years Considered
Historical Data &#; &#;
Base Year &#;
Estimated Year &#;
Forecast Period &#; &#;
Facts Covered
Revenue in USD Billion
Market Coverage
North America, Europe, Asia Pacific (APAC), Latin America, Middle East and Africa (MEA)
Product/ Service Segmentation
Product Type, Application, Region
Key Players
Ashland, Shin-Etsu Chemical Co., Ltd., Chemcolloid Limited, Zhejiang Haishen New Materials limited, DuPont de Nemours, Inc., CP Kelco U.S., Inc., Celotech Chemicals Co., Ltd., Hebei Yibang Building Materials Co., Ltd., Changzhou Guoyu Environmental S&T Co., Ltd.
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By Product Type
Industrial Grade HPMC
Pharmaceutical Grade HPMC
Food Grade HPMC
By Application
Pharmaceutical
Buildings & Construction
Food & Beverages
Paints & Coatings
Personal Care
Adhesives
By Region
North America
Europe
Asia Pacific (APAC)
Latin America
Middle East and Africa (MEA)
We have a highly efficient group to deal with inquiries from clients. Our target is &#;100% customer gratification by our solution top quality, price & our crew service&#; and delight in a great track record between purchasers. With lots of factories, we can easily present a wide variety of HPMC 5 cps viscosity, We&#;ve been sincerely on the lookout ahead to creating great cooperative relationships with clients from in the home and overseas for making a vibrant long run together.
We have a highly efficient group to deal with inquiries from clients. Our target is &#;100% customer gratification by our solution top quality, price & our crew service&#; and delight in a great track record between purchasers. With lots of factories, we can easily present a wide variety of China HPMC, Hydroxypropyl Methyl Cellulose, We&#;ve got a good reputation for stable quality merchandise, well received by customers at home and abroad. Our company would be guided by the idea of &#;Standing in Domestic Markets, Walking into International Markets&#;. We sincerely hope that we could do business with car manufacturers, auto part buyers and the majority of colleagues both at home and abroad. We expect sincere cooperation and common development!
CAS:-65-3
Hydroxypropyl MethylCellulose (HPMC) are widely used in construction, pharmaceutical,food, cosmetic, detergent, paints, as thickener, emulsifier, film-former, binder, dispersing agent, protective colloids.We can provide the regular grade HPMC, we also can provide modified HPMC according to customer requirements. After modified and surface treatment, we can get the goods which is dispersed in water quickly, lengthen open time, anti-sagging, etc.
Appearance White or off-white powder Methoxy ( % ) 19.0~ 24.0 Hydroxypropoxy ( % ) 4.0 ~ 12.0 pH 5.0~ 7.5 Moisture ( % ) &#; 5.0 Residue on ignition ( % ) &#; 5.0 Gelling temperature ( &#; ) 70~ 90 Particle size min.99% pass through 100 mesh Typical grade Viscosity(NDJ, mPa.s, 2%) Viscosity(Brookfield, mPa.s, 2%) HPMC MP400 320-480 320-480 HPMC MP60M - - HPMC MP100M - - HPMC MP150M - - HPMC MP200M - Min HPMC MP60MS - - HPMC MP100MS - - HPMC MP150MS - - HPMC MP200MS - MinTypical Applications of HPMC:
Tile Adhesive
&#;Good water retention: prolonged opening time will make tiling more efficient.
&#;Improved adhesion and sliding resistance: especially for heavy tiles.
&#;Better workability: lubricity and plasticity of plaster is ensured, mortar can be applied easier and quicker.
Cement Plaster / Dry mix mortar
&#;Easy dry mix formula due to cold water solubility: lump formation can be easily avoided, ideal for heavy tiles.
&#;Good water retention: prevention of fluid loss to the substrates, the appropriate water content is kept in mixture which guarantees longer concreting time.
&#;Increased water demand: increased open time, expanded spry area and more economical formulation.
&#;Easier spreading and improved sagging resistance due to improved consistency.
Wall putty
&#;Water retention: maximized water content in slurry.
&#;Anti-sagging: when spreading a thicker coat corrugation can be avoided.
&#;Increased mortar yield: depending on the weight of the dry mixture and appropriate formulation ,HPMC can increase the mortar volume.
Exterior Insulation and Finish System ( EIFS )
&#;Improved adhesion.
&#;Good wetting ability for EPS board and substrate.
&#;Reduced air entrancement and water uptake.
Self-leveling
&#;Protection from water exudation and material sedimentation.
&#;No effect on slurry fluidity with low viscosity
HPMC, while its water retention characteristics improve the finish performance on the surface.
Crack Filler
&#;Better workability: proper thickness and plasticity.
&#;Water retention ensures prolonged work time.
&#;Sag resistance: improved mortar bonding ability.
Pharmaceutical excipient and food application&#;
Usage Product grade Dosage Bulk Laxative 75K,75K 3-30% Creams, Gels 60E,65F,75F 1-5% Ophthalmic Preparation 60E 01.-0.5% Eye drops preparations 60E, 65F, 75K 0.1-0.5% Suspending agent 60E, 75K 1-2% Antacids 60E, 75K 1-2% Tablets binder 60E5, 60E15 0.5-5% Convention Wet Granulation 60E5, 60E15 2-6% Tablet coatings 60E5, 60E15 0.5-5% Controlled Release Matrix 75K,75K 20-55%Packaging:
HPMC Product is packed in three layer paper bag with inner polyethylene bag reinforced , net weight is 25kg per bag.
Storage:
Keep it in cool dry warehouse,away from moisture, sun,fire,rain.
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