Hydroxypropyl Methylcellulose Market 2024 - Comprehensive Industry Analysis, Future Predictions, Business Overview, Forecasting up to 2033

 

The Hydroxypropyl Methylcellulose by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

 

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According to The Business Research Company’s Hydroxypropyl Methylcellulose, The hydroxypropyl methylcellulose market size has grown strongly in recent years. It will grow from $4.36 billion in 2023 to $4.64 billion in 2024 at a compound annual growth rate (CAGR) of 6.4%.  The  growth in the historic period can be attributed to increased pharmaceutical industry applications, increase in food and beverage production, surge in cosmetic products, rise in demand for hydrophilic polymers, textile industry utilization, water-based adhesives..

 

The hydroxypropyl methylcellulose market size is expected to see strong growth in the next few years. It will grow to $5.95 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%.  The growth in the forecast period can be attributed to focus on sustainable construction materials, growth in ready-to-eat meals industry, demand for low-fat foods, research in tissue engineering, waterborne paints and coatings market.. Major trends in the forecast period include innovation in hydrogels and biomaterials, customization of hpmc grades, advancements in drug delivery systems, biodegradable packaging, quality and purity standards..

 

A rise in spending for the pharmaceutical sector is expected to boost the growth of the hydroxypropyl methylcellulose market going forward. The pharmaceutical industry refers to an industry involved in the discovery, development, and manufacture of drugs and medications that benefit society's health and well-being. Hydroxypropyl methylcellulose is employed in the pharmaceutical sector that is used to treat dryness and irritability brought on by decreased tear production and aids in preventing eye damage. For instance, in June 2023, according to the European Federation of Pharmaceutical Industries and Associations (EFPIA), a European trade association representing the pharmaceutical industry, the total pharmaceutical production in Europe accounted for $384,200 million (€340,000 million) in 2022, with an increase of approximately 4.95% from 366,267 million (€323,950 million) in 2021. Therefore, the rise in spending for the pharmaceutical sector is driving the growth of the hydroxypropyl methyl cellulose market.

 

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The hydroxypropyl methylcellulose market covered in this report is segmented –

1) By Product Types: Pharmaceutical Grade, Industrial Grade

2) By Sales Channel: Direct Sale, Indirect Sale

3) By End Use: Construction, Pharmaceuticals (Including Cosmetics), Food Industry, Others End Uses

 

Top Major Players

Celotech Chemical Co Ltd.

Zhejiang Kelain New Materials Co Ltd.

Shin-Etsu Chemical Co Ltd

Ashland Global Specialty Chemicals Inc.

DuPont de Nemours Inc.

 

Product innovations have emerged as the key trend gaining popularity in the hydroxypropyl methylcellulose market. Major companies operating in the hydroxypropyl methylcellulose market are developing innovative products to strengthen their position in the market. For instance, in May 2021, Evonik Industries AG, a Germany-based specialty chemical company introduced EUDRACAP, a ready-to-use capsule made up of hydroxypropyl methylcellulose to optimize the release profile of oral drug products. The coated HPMC (hydroxypropyl methylcellulose) capsules are particularly well adapted to safeguard delicate active pharmaceutical ingredients against gastric acid and moisture for the effective release of active ingredients and operate without a hitch on fully automated machines at full speed during active ingredient filling or production. Additionally, it supports the development and marketing of sophisticated oral medications that employ delicate components, including biologicals.

 

The hydroxypropyl methylcellulose market report table of contents includes:

1. Executive Summary

2. Hydroxypropyl Methylcellulose Market Characteristics

3. Hydroxypropyl Methylcellulose Market Trends And Strategies

4. Hydroxypropyl Methylcellulose Market - Macro Economic Scenario

5. Global Hydroxypropyl Methylcellulose Market Size and Growth

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31. Global Hydroxypropyl Methylcellulose Market Competitive Benchmarking

32. Global Hydroxypropyl Methylcellulose Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Hydroxypropyl Methylcellulose Market

34. Hydroxypropyl Methylcellulose Market Future Outlook and Potential Analysis

35. Appendix

 

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