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Global Hydroxypropyl methylcellulose (HPMC) Market Size, and Share, Growth Report 2030

July 6, 2023

The global hydroxypropyl methylcellulose (HPMC) market is expected to be worth USD 1963 million in 2022. This value is expected to rise to nearly 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 or HPMC for short. It is made from cellulose. It is widely used in a range of industries, including food and pharmaceutical manufacturing, as well as cosmetics and personal care goods. Plant cell walls contain cellulose, a naturally occurring carbohydrate. Cellulose can also be manufactured in a laboratory. HPMC is created by modifying cellulose via a chemical procedure that also includes propylene oxide and methyl chloride.

The material that resulted had a structure made up of a combination of methyl and hydroxypropyl groups attached to the cellulose backbone. The product’s viscosity and the degree of substitution (DS), which is the average number of changed hydroxyl groups on the cellulose molecule, are two elements that can influence the precise properties of HPMC. These factors can also influence 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.

Hydroxypropyl Methylcellulose (HPMC) Market: Growth Drivers

The increasing use of HPMC in the construction industry is the key factor driving market growth.

The global market for hydroxypropyl methylcellulose (HPMC) is expected to grow due to a growth in the number of uses for HPMC in the building and construction industry. 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 possibility of HPMC being added to the cement. Consumption of HMPC is expected to expand as a result of increased demand for residential and commercial units around the world, 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.

The 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 key driver of segmental growth. This was mostly due to the multiple advantages afforded by HPMC when employed as a cement ingredient. For example, it improves water retention while simultaneously reducing early drying and increasing cement hydration. Additionally, it aids in the improvement of cement hydration.

Another advantage is that it improves the adhesive properties of cement-based compositions. It is well recognized for increasing the bond strength between the mortar and the substrate, which may include brick or tiles, resulting in long-lasting performance. The use of high-performance plastic composites (HPMC) is expected to grow in response to the rising demand for buildings that can withstand extreme and harsh weather conditions. HMPC should preferably be 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 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
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 & Beverages
Building & Construction
Others
By Product Type

Food-Grade HMPC
Pharmaceutical-Grade HPMC
Industrial-Grade HPMC
By Region
North America
The U.S.
Canada
Europe
France
The UK
Spain
Germany
Italy
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Southeast Asia
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
GCC
South Africa
Rest of Middle East & Africa