Hydroxypropyl Methylcellulose Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Application (Construction (Cement Mortar, Plasters, Refractory Materials, Paints, Gypsum Concrete Slurry, Fiber Wall, Others), Pharmaceuticals, Food, Cosmetics & Personal Care, Others), By Region, and By Competition

  • Industry : Chemicals
  • Pages : NA
  • Published Date : NA
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Summary

Report Description

Forecast Period

2024-2028

Market Size (2022)

USD 1.89 billion

CAGR (2023-2028)

4.56%

Fastest Growing Segment

Construction

Largest Market

Asia-Pacific


Market Overview

Global Hydroxypropyl Methylcellulose Market has valued at USD 1.89 billion in 2022 and is anticipated to grow in the forecast period with a CAGR of 4.56% through 2028. The growing utilization of hydroxypropyl methylcellulose (HPMC) in various sectors, including construction, pharmaceuticals, food, and personal care and cosmetics, is anticipated to generate a favorable market outlook.

Key Market Drivers

Rising Demand in Construction Industry

The global construction industry is experiencing an unprecedented surge, driven by urbanization, infrastructure development, and a growing need for sustainable building materials. Amid this construction boom, Hydroxypropyl Methylcellulose (HPMC) has emerged as a pivotal component, playing a crucial role in enhancing the performance and durability of construction materials.

One of the primary reasons for the increasing demand for HPMC in the construction sector is its ability to enhance the workability of cement-based materials. By acting as a rheology modifier, HPMC contributes to better consistency and ease of application during construction processes. This improvement in workability is particularly crucial in large-scale construction projects where efficiency and precision are paramount.

Hydroxypropyl Methylcellulose is renowned for its exceptional water retention properties. In the construction industry, maintaining proper water levels in building materials is essential for optimal curing and overall durability. HPMC helps prevent rapid water loss during the curing process, ensuring that the cementitious materials have sufficient time to set and achieve the desired strength. This attribute is increasingly valued in construction projects, further propelling the demand for HPMC.

HPMC acts as an effective adhesive in construction applications, promoting better bonding between various building materials. This is particularly advantageous in the production of tile adhesives and mortars. The improved adhesion properties contribute to the longevity and structural integrity of constructions, meeting the stringent quality standards demanded by the modern construction industry.

The versatility of HPMC extends to its compatibility with a variety of construction materials and formulations. It can be easily incorporated into a range of products, including plasters, renders, grouts, and coatings. This adaptability makes HPMC an attractive choice for manufacturers seeking a multifunctional additive that enhances both the performance and quality of construction materials.

Expanding Pharmaceutical Applications

Hydroxypropyl Methylcellulose (HPMC), once primarily associated with the construction industry, has found a new frontier for growth in the expansive field of pharmaceuticals. As pharmaceutical applications for HPMC continue to diversify and expand, the global market for this versatile compound is experiencing significant growth.

One of the key factors driving the adoption of HPMC in pharmaceuticals is its role as a binder in drug formulations. HPMC aids in the binding of active pharmaceutical ingredients (APIs) into cohesive and easily consumable tablets. Moreover, its disintegration properties contribute to the efficient breakdown of tablets in the digestive system, ensuring optimal drug absorption and bioavailability.

Hydroxypropyl Methylcellulose is widely utilized in the pharmaceutical industry for film coating applications. This serves multiple purposes, including taste-masking to enhance patient compliance and controlled release of drugs for prolonged therapeutic effects. The film-coating capabilities of HPMC are instrumental in improving the palatability of medications, thereby enhancing the overall patient experience.

In pharmaceutical formulations, the stability of emulsions and suspensions is crucial for maintaining the efficacy and safety of the product. HPMC, with its emulsifying and stabilizing properties, plays a pivotal role in preventing phase separation and maintaining the uniform distribution of pharmaceutical ingredients. This contributes to the production of pharmaceutical formulations with extended shelf life and consistent quality.

Topical and ophthalmic formulations often require substances that enhance viscosity and improve the retention of the active ingredients on the target surfaces. HPMC fulfills this need by providing the desired viscosity in gels, creams, and eye drops. The application of HPMC in these formulations contributes to improved product performance, ensuring effective delivery of medications to the intended sites.

The biocompatibility of HPMC is a crucial factor in its widespread adoption in pharmaceutical applications. As a non-toxic and biodegradable compound, HPMC aligns with the stringent safety standards of the pharmaceutical industry. This has led to its preference in formulations intended for oral, topical, and ophthalmic use, further expanding its reach in the pharmaceutical market.

Culinary Advancements and Food Industry Growth

In the dynamic landscape of the global food industry, Hydroxypropyl Methylcellulose (HPMC) is emerging as a key ingredient driving culinary advancements. Beyond its traditional applications in construction and pharmaceuticals, HPMC is making waves in the food sector, where its multifunctional properties contribute to innovation and quality.

One of the ways HPMC is making its mark in the food industry is through its role in texture enhancement. As a thickening and stabilizing agent, HPMC is employed to improve the mouthfeel and consistency of a wide range of processed foods, including sauces, soups, and dressings. This is especially relevant in the modern food industry, where consumers increasingly prioritize not only taste but also the overall sensory experience of food products.

With the rise in gluten-free and vegan dietary preferences, the food industry is under constant pressure to create products that cater to these evolving consumer trends. HPMC serves as a versatile ingredient in gluten-free and vegan formulations, providing the necessary structure and texture in the absence of traditional binding agents. This adaptability positions HPMC as a valuable tool for food manufacturers seeking to diversify their product offerings and meet the demands of a growing market segment.

In the production of frozen desserts, ice creams, and refrigerated bakery items, maintaining stability and preventing ice crystal formation are critical factors. HPMC's ability to enhance stability in frozen and refrigerated products makes it a preferred choice for manufacturers looking to extend the shelf life of their offerings while preserving the quality and texture of the final product.

As health-conscious consumers seek alternatives with reduced fat and calories, the food industry is exploring innovative formulations. HPMC aids in achieving desirable textures in low-fat and low-calorie products, providing a solution for manufacturers to meet the demand for healthier options without compromising on taste and quality.

Booming Personal Care and Cosmetics Sector

In the dazzling world of personal care and cosmetics, where innovation and quality are paramount, Hydroxypropyl Methylcellulose (HPMC) has emerged as a transformative ingredient. Beyond its traditional applications, HPMC is finding an increasingly vital role in the personal care and cosmetics sector, contributing to the development of high-performance and aesthetically pleasing products.

In the realm of cosmetics, the feel and consistency of products are crucial factors influencing consumer satisfaction. HPMC serves as a valuable thickening and stabilizing agent in cosmetic formulations such as creams, lotions, and gels. Its ability to enhance texture and provide stability contributes to the luxurious and user-friendly qualities of skincare and cosmetic products, catering to the discerning preferences of modern consumers.

HPMC's film-forming properties have made it a sought-after ingredient in cosmetics designed for long-lasting wear. From lipsticks to eyeliners, the film formed by HPMC helps improve the adherence of products to the skin, ensuring durability and smudge resistance. This feature is particularly important in the development of cosmetic items that promise extended wear without compromising on comfort.

Hair care products, including shampoos, conditioners, and styling gels, benefit from the viscosity-enhancing properties of HPMC. By providing the desired thickness and flow to these formulations, HPMC contributes to an improved application experience and effective delivery of active ingredients to the hair and scalp. The versatility of HPMC makes it an ideal choice for creating a wide range of hair care products tailored to diverse consumer needs.

The personal care and cosmetics industry often involves the formulation of emulsions, where stability is paramount to prevent phase separation. HPMC's emulsifying and stabilizing properties make it a valuable ingredient in skincare products, ensuring that creams and lotions maintain their uniform texture and appearance over time. This stability enhances the shelf life and overall quality of cosmetic formulations.


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Key Market Challenges

Raw Material Availability and Cost Fluctuations

One of the primary challenges for the HPMC market lies in the availability and cost fluctuations of its raw materials. HPMC is derived from cellulose, often sourced from wood pulp or cotton linters. Variations in the supply of these raw materials, influenced by factors such as climate conditions and global demand for cellulose, can lead to cost fluctuations. This poses challenges for manufacturers and may impact the overall production costs of HPMC.

Intensive Research and Development Requirements

As industries evolve and consumer demands shift, there is a constant need for research and development to meet new standards and expectations. Developing HPMC variants tailored to specific industry requirements requires ongoing investments in research, technology, and expertise. This challenge is particularly relevant as industries such as pharmaceuticals and personal care demand increasingly specialized formulations.

Competition from Alternative Products

While HPMC is widely used and valued for its versatility, it faces competition from alternative products and substitutes. The market dynamics are influenced by the availability and adoption of alternative additives and thickeners, which may offer similar functionalities. HPMC must continuously demonstrate its unique benefits to maintain its competitive edge in the face of evolving consumer preferences and technological advancements.

Key Market Trends

Rise in Demand for Sustainable and Eco-Friendly Products

As sustainability takes center stage across industries, the demand for eco-friendly products is set to influence the HPMC market. Manufacturers are expected to place greater emphasis on sustainable sourcing of raw materials and environmentally responsible production processes. This trend aligns with the growing awareness among consumers and businesses about the importance of adopting sustainable practices.

Advancements in Nanotechnology and Smart Construction Materials

In the construction industry, the integration of nanotechnology presents an exciting avenue for innovation. HPMC, with its versatile properties, is well-suited for incorporation into smart construction materials. Advancements in nanotechnology may lead to the development of HPMC-based materials with enhanced functionalities, such as self-healing properties and improved thermal insulation, contributing to the evolution of smart and sustainable construction practices.

Customized HPMC Formulations for Pharmaceuticals

The pharmaceutical sector is witnessing a trend toward personalized medicine and niche drug formulations. In response, the HPMC market is expected to see an uptick in the development of customized formulations tailored to specific pharmaceutical applications. This trend reflects the industry's commitment to precision medicine and the need for specialized drug delivery systems.

Segmental Insights

Application Insights

In 2022, the market was predominantly influenced by the construction application sector, which secured a leading position. This dominance is credited to the growing need for Hydroxypropyl Methylcellulose (HPMC) in the industry. HPMC is sought after for its advantageous characteristics, including its water-holding capacity, ability to mitigate flocculation and enhance viscosity, and its efficacy in preventing cracks.

Within the construction domain, HPMC serves as a versatile additive, functioning as a dispersant, water-retaining agent, thickener, and binder. It is employed to enhance cohesiveness, workability, and shrinkage in various applications. The construction industry widely adopts HPMC due to its cost-effectiveness and diverse properties. Its usage spans cement-based mortars, gypsum products, masonry mortars, joint fillers, tile adhesives, self-leveling compounds, and more. Moreover, HPMC finds application in cement mortar, plasters, refractory materials, paints, gypsum concrete slurry, fiber walls, and other related areas.

The pharmaceuticals segment emerged as the second-largest contributor to revenue in 2022. Notably, HPMC plays a crucial role as a thickening agent in alcohol hand sanitizers. The surge in demand for hand sanitizers, particularly in response to the COVID-19 pandemic, has significantly fueled the global demand for HPMC. The dosage of HPMC in applications can be adjusted based on viscosity requirements to optimize production processes and reduce operational costs. In the realm of pharmaceuticals, HPMC solutions with maximum viscosity are extensively utilized in eye drops due to their ideal compatibility with electrolytes. The ongoing expansion of pharmaceutical companies in emerging economies worldwide is anticipated to further propel the overall demand for this product.


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Regional Insights

In 2022, the Asia Pacific region emerged as the dominant force in the market, a phenomenon primarily driven by escalating demands and increased investments in the construction and infrastructure sectors. This strategic focus aims to address the requirements of a rapidly growing population. Notably, China and India played pivotal roles in the global construction industry's landscape, collectively accounting for a substantial share in 2020, as reported by the European Federation of Chemical Engineering (EFCE).

The International Trade Centre (ITC) highlights China's contribution at 26.1% and India's at 14.1% to the overall growth in 2020. India, recognized as one of the world's fastest-growing economies, experiences heightened demand for construction and infrastructure, propelled by factors like expanding urbanization and government initiatives such as PM Aawas Yojana, which involves the construction of numerous houses.

Beyond the construction sector, Hydroxypropyl Methylcellulose (HPMC) plays a crucial role in the food industry across the Asia Pacific region. Its versatile applications include stabilizing, thickening, suspending, and emulsifying a diverse range of food products. Furthermore, HPMC serves as a viable gelatine substitute in various confectionery and bakery items. Its ability to reduce fat content aligns with the preferences of health-conscious consumers, contributing to its popularity. The thriving key end-use industries, particularly in construction and food and beverages, are anticipated to be catalysts for the growth of the HPMC market in the Asia Pacific region throughout the forecast period.

Recent Developments

  • In July 2021, the Dow Chemical Company unveiled plans for a sequence of gradual but high-yield capacity expansions. These expansions are strategically aimed at meeting the increasing global demand for cutting-edge and environmentally sustainable additives, specifically catering to the rapidly expanding performance materials and coatings markets, along with other high-growth end markets.

Key Market Players

  • Ashland Inc
  • Shin-Etsu Chemical Co Ltd
  • Colloids Ltd
  • Zhejiang Haishen New Materials Limited
  • DuPont de Nemours Inc
  • CP Kelco U.S., Inc.
  • Celotech Chemical Co., Ltd.
  • Hebei Xuyang Building Materials Co Ltd
  • Changzhou Guoyu Environmental S&T Co., Ltd.

By Application

By Region
  • Construction
  • Pharmaceuticals
  • Food
  • Cosmetics & Personal Care
  • Others
  • North America
  • Europe
  • Asia-Pacific
  • South America
  • Middle East & Africa

 

Report Scope:

In this report, the Global Hydroxypropyl Methylcellulose Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Hydroxypropyl Methylcellulose Market, By Application:

o   Construction

o   Pharmaceuticals

o   Food

o   Cosmetics & Personal Care

o   Others

  • Hydroxypropyl Methylcellulose Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  Germany

§  United Kingdom

§  France

§  Italy

§  Spain

o   Asia-Pacific

§  China

§  Japan

§  India

§  Australia

§  South Korea

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

§  Kuwait

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Hydroxypropyl Methylcellulose Market.

Available Customizations:

Global Hydroxypropyl Methylcellulose market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global Hydroxypropyl Methylcellulose Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.    Markets Covered

1.2.2.    Years Considered for Study

1.2.3.    Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Overview of the Market

3.2.  Overview of Key Market Segmentations

3.3.  Overview of Key Market Players

3.4.  Overview of Key Regions/Countries

3.5.  Overview of Market Drivers, Challenges, Trends

4.    Voice of Customer

5.    Global Hydroxypropyl Methylcellulose Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Value

5.2.  Market Share & Forecast

5.2.1.    By Application (Construction (Cement Mortar, Plasters, Refractory Materials, Paints, Gypsum Concrete Slurry, Fiber Wall, Others), Pharmaceuticals, Food, Cosmetics & Personal Care, Others)

5.2.2.    By Region

5.2.3.    By Company (2022)

5.3.  Product Market Map

5.3.1.    By Application

5.3.2.    By Region

6.    North America Hydroxypropyl Methylcellulose Market Outlook

6.1.  Market Size & Forecast       

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Application (Construction (Cement Mortar, Plasters, Refractory Materials, Paints, Gypsum Concrete Slurry, Fiber Wall, Others), Pharmaceuticals, Food, Cosmetics & Personal Care, Others)

6.2.2.    By Country

6.3.  North America: Country Analysis

6.3.1.    United States Hydroxypropyl Methylcellulose Market Outlook

6.3.1.1.        Market Size & Forecast

6.3.1.1.1.           By Value

6.3.1.2.        Market Share & Forecast

6.3.1.2.1.           By Application

6.3.2.    Canada Hydroxypropyl Methylcellulose Market Outlook

6.3.2.1.        Market Size & Forecast

6.3.2.1.1.           By Value

6.3.2.2.        Market Share & Forecast

6.3.2.2.1.           By Application

6.3.3.    Mexico Hydroxypropyl Methylcellulose Market Outlook

6.3.3.1.        Market Size & Forecast

6.3.3.1.1.           By Value

6.3.3.2.        Market Share & Forecast

6.3.3.2.1.           By Application

7.    Europe Hydroxypropyl Methylcellulose Market Outlook

7.1.  Market Size & Forecast       

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Application (Construction (Cement Mortar, Plasters, Refractory Materials, Paints, Gypsum Concrete Slurry, Fiber Wall, Others), Pharmaceuticals, Food, Cosmetics & Personal Care, Others)

7.2.2.    By Country

7.3.  Europe: Country Analysis

7.3.1.    Germany Hydroxypropyl Methylcellulose Market Outlook

7.3.1.1.        Market Size & Forecast

7.3.1.1.1.           By Value

7.3.1.2.        Market Share & Forecast

7.3.1.2.1.           By Application

7.3.2.    United Kingdom Hydroxypropyl Methylcellulose Market Outlook

7.3.2.1.        Market Size & Forecast

7.3.2.1.1.           By Value

7.3.2.2.        Market Share & Forecast

7.3.2.2.1.           By Application

7.3.3.    France Hydroxypropyl Methylcellulose Market Outlook

7.3.3.1.        Market Size & Forecast

7.3.3.1.1.           By Value

7.3.3.2.        Market Share & Forecast

7.3.3.2.1.           By Application

7.3.4.    Italy Hydroxypropyl Methylcellulose Market Outlook

7.3.4.1.        Market Size & Forecast

7.3.4.1.1.           By Value

7.3.4.2.        Market Share & Forecast

7.3.4.2.1.           By Application

7.3.5.    Spain Hydroxypropyl Methylcellulose Market Outlook

7.3.5.1.        Market Size & Forecast

7.3.5.1.1.           By Value

7.3.5.2.        Market Share & Forecast

7.3.5.2.1.           By Application

8.    Asia-Pacific Hydroxypropyl Methylcellulose Market Outlook

8.1.  Market Size & Forecast       

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Application (Construction (Cement Mortar, Plasters, Refractory Materials, Paints, Gypsum Concrete Slurry, Fiber Wall, Others), Pharmaceuticals, Food, Cosmetics & Personal Care, Others)

8.2.2.    By Country

8.3.  Asia-Pacific: Country Analysis

8.3.1.    China Hydroxypropyl Methylcellulose Market Outlook

8.3.1.1.        Market Size & Forecast

8.3.1.1.1.           By Value

8.3.1.2.        Market Share & Forecast

8.3.1.2.1.           By Application

8.3.2.    Japan Hydroxypropyl Methylcellulose Market Outlook

8.3.2.1.        Market Size & Forecast

8.3.2.1.1.           By Value

8.3.2.2.        Market Share & Forecast

8.3.2.2.1.           By Application

8.3.3.    India Hydroxypropyl Methylcellulose Market Outlook

8.3.3.1.        Market Size & Forecast

8.3.3.1.1.           By Value

8.3.3.2.        Market Share & Forecast

8.3.3.2.1.           By Application

8.3.4.    Australia Hydroxypropyl Methylcellulose Market Outlook

8.3.4.1.        Market Size & Forecast

8.3.4.1.1.           By Value

8.3.4.2.        Market Share & Forecast

8.3.4.2.1.           By Application

8.3.5.    South Korea Hydroxypropyl Methylcellulose Market Outlook

8.3.5.1.        Market Size & Forecast

8.3.5.1.1.           By Value

8.3.5.2.        Market Share & Forecast

8.3.5.2.1.           By Application

9.    South America Hydroxypropyl Methylcellulose Market Outlook

9.1.  Market Size & Forecast       

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Application (Construction (Cement Mortar, Plasters, Refractory Materials, Paints, Gypsum Concrete Slurry, Fiber Wall, Others), Pharmaceuticals, Food, Cosmetics & Personal Care, Others)

9.2.2.    By Country

9.3.  South America: Country Analysis

9.3.1.    Brazil Hydroxypropyl Methylcellulose Market Outlook

9.3.1.1.        Market Size & Forecast

9.3.1.1.1.           By Value

9.3.1.2.        Market Share & Forecast

9.3.1.2.1.           By Application

9.3.2.    Argentina Hydroxypropyl Methylcellulose Market Outlook

9.3.2.1.        Market Size & Forecast

9.3.2.1.1.           By Value

9.3.2.2.        Market Share & Forecast

9.3.2.2.1.           By Application

9.3.3.    Colombia Hydroxypropyl Methylcellulose Market Outlook

9.3.3.1.        Market Size & Forecast

9.3.3.1.1.           By Value

9.3.3.2.        Market Share & Forecast

9.3.3.2.1.           By Application

10. Middle East and Africa Hydroxypropyl Methylcellulose Market Outlook

10.1.             Market Size & Forecast        

10.1.1. By Value

10.2.             Market Share & Forecast

10.2.1. By Application (Construction (Cement Mortar, Plasters, Refractory Materials, Paints, Gypsum Concrete Slurry, Fiber Wall, Others), Pharmaceuticals, Food, Cosmetics & Personal Care, Others)

10.2.2. By Country

10.3.             MEA: Country Analysis

10.3.1. South Africa Hydroxypropyl Methylcellulose Market Outlook

10.3.1.1.     Market Size & Forecast

10.3.1.1.1.         By Value

10.3.1.2.     Market Share & Forecast

10.3.1.2.1.         By Application

10.3.2. Saudi Arabia Hydroxypropyl Methylcellulose Market Outlook

10.3.2.1.     Market Size & Forecast

10.3.2.1.1.         By Value

10.3.2.2.     Market Share & Forecast

10.3.2.2.1.         By Application

10.3.3. UAE Hydroxypropyl Methylcellulose Market Outlook

10.3.3.1.     Market Size & Forecast

10.3.3.1.1.         By Value

10.3.3.2.     Market Share & Forecast

10.3.3.2.1.         By Application

10.3.4. Kuwait Hydroxypropyl Methylcellulose Market Outlook

10.3.4.1.     Market Size & Forecast

10.3.4.1.1.         By Value

10.3.4.2.     Market Share & Forecast

10.3.4.2.1.         By Application

11. Market Dynamics

11.1.             Drivers

11.2.             Challenges

12. Market Trends & Developments

12.1.             Recent Development

12.2.             Mergers & Acquisitions

12.3.             Product Launches

13. Porter’s Five Forces Analysis

13.1.             Competition in the Industry

13.2.             Potential of New Entrants

13.3.             Power of Suppliers

13.4.             Power of Customers

13.5.             Threat of Substitute Products

14. Competitive Landscape

14.1.             Business Overview

14.2.             Product Offerings

14.3.             Recent Developments

14.4.             Financials (As Reported)

14.5.             Key Personnel

14.6.             SWOT Analysis

14.6.1.  Ashland Inc

14.6.2.  Shin-Etsu Chemical Co Ltd

14.6.3.  Colloids Ltd

14.6.4.  Zhejiang Haishen New Materials Limited

14.6.5.  DuPont de Nemours Inc

14.6.6.  CP Kelco U.S., Inc.

14.6.7.  Celotech Chemical Co., Ltd.

14.6.8.  Hebei Xuyang Building Materials Co Ltd

14.6.9.  Changzhou Guoyu Environmental S&T Co., Ltd.

15. Strategic Recommendations

Figures and Tables

Frequently asked questions

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The market size of the Global Hydroxypropyl Methylcellulose Market was estimated to be USD 1.89 billion in 2022.

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Ashland Inc, Shin-Etsu Chemical Co Ltd, Colloids Ltd, Zhejiang Haishen New Materials Limited, DuPont de Nemours Inc, CP Kelco U.S., Inc., Celotech Chemical Co., Ltd., Hebei Xuyang Building Materials Co Ltd, Changzhou Guoyu Environmental S&T Co., Ltd. are some of the key players operating in the Global Hydroxypropyl Methylcellulose Market.

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Raw material availability & cost fluctuations, intensive research & development requirements, competition from alternative products, are some of the major challenges faced by the Global Hydroxypropyl Methylcellulose Market in the upcoming years.

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Rising demand in construction industry and expanding pharmaceutical applications are the major drivers for the Global Hydroxypropyl Methylcellulose Market.

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Sakshi Bajaal

Business Consultant
Press Release

Hydroxypropyl Methylcellulose Market to Grow with a CAGR of 4.56% through 2028

Nov, 2023

Rising demand in construction industry and expanding pharmaceutical applications is expected to drive the Global Hydroxypropyl Methylcellulose Market growth in the forecast period, 2024-2028.

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