The global HPMC market has witnessed a positive growth in recent years. This can be attributed to the increasing applications of HPMC in industries such as construction, pharmaceutical, food, textile, cosmetics, etc.
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The latest report by IMARC Group titled, “HPMC (Hydroxypropyl Methylcellulose) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022”, finds that the global HPMC market reached a value of more than US$ 3.4 Billion in 2016, growing at a CAGR of around 7% during 2009-2016. Hydroxypropyl methylcellulose (HPMC) is a non-ionic and chemically inert synthetic modification of the natural polymer alkali cellulose, with the chemical formula C12H20O10. It is a white to slightly off-white powder without any distinct taste or odour. When HPMC is dissolved in water, it swells, thickens, emulsifies and forms protective colloids. HPMC is produced by treating cotton linter or wood pulp with sodium hydroxide solution. It is most commonly used as an alternative to gelatin as it has a vegetarian source and is physically similar to gelatin. It also acts as a replacement for gluten in gluten-free food products. It is also used as a thickening agent, coating polymer, binder and bio-adhesive in pharmaceutical, food and industrial sectors.
Highlights of the global HPMC market:
Demand for low-fat food products is one of the major growth drivers for the market.
The construction sector represents one of the largest end-use sectors of HPMC.
China accounts for the majority of the production globally.
Development in the construction sector is the major factor contributing to the market growth. In this sector, HPMC is used in tile adhesives, paints and coatings, cement renders, gypsum products, mortar, latex putty, etc. Apart from this, HPMC is also used in the food industry to improve the physical properties and as a fat replacer in low-fat food products. The increased demand for these food products, encouraged by rising health consciousness among consumers, has also influenced the market. Some of the other factors encouraging the market growth include increase in per capita incomes, rising population and changing consumer preferences. Owing to these factors, the global HPMC market is further expected to grow, reaching a value of more than US$ 4.5 Billion by 2022.
On the basis of end-use, the construction industry represents the largest consumer of HPMC. This industry is followed by the pharmaceutical (including cosmetics) industry and food industry. On the basis of region, China accounts for the majority of the total global shares, representing the largest market for HPMC, followed by Western Europe. Other major regions include Other Asia, United States, Central/Eastern Europe, Middle East and South America. The market is highly concentrated in nature, dominated by a small number of global players. Some of the key players operating in the market are Shin Etsu Tylose, Ashland, Dow Chemicals, Shandong Head Co. Ltd. and Samsung Fine Chemicals.
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The report has examined the Hydroxypropyl methylcellulose (HPMC) market on the basis of:
Pharmaceuticals (Including Cosmetics)
Shin Etsu Tylose
Shandong Head Co., Ltd
Samsung Fine Chemicals
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