Hydroxypropyl methylcellulose (HPMC) is a non-ionic, water-soluble polymer derived from cellulose. It is commonly used in pharmaceuticals, food and personal care products, and a wide variety of industrial applications. It is a white, odorless, tasteless powder, which is highly soluble in cold water and forms a gel when heated. HPMC is used as a binder, thickener, emulsifier, film former, and suspending agent, and can be used to replace gelatin in many applications.
HPMC is widely used in the pharmaceutical industry for its non-toxicity and low irritation potential. It is used in tablet and capsule formulations to improve dissolution rate, increase bioavailability, and reduce tablet breakage. It is also used in topical creams, lotions, and gels to increase viscosity, enhance spreadability, and control drug release.
HPMC is also widely used in the food industry as an emulsifier and thickening agent. It is used in frozen desserts, dairy products, sauces, gravies, and canned fruits and vegetables. It is also used in baking as a dough conditioner and in the production of non-dairy creamers. Additionally, HPMC is used in paints, adhesives, and paper coating.
Globally, the market for HPMC is growing rapidly due to its increasing demand in a variety of industries. The growth of the pharmaceutical and food industries is driving the growth of the global HPMC market. Increasing demand for HPMC in industrial applications such as paints and adhesives is also contributing to the growth of the market. The Asia Pacific region is expected to be the largest and fastest-growing market for HPMC over the forecast period. This is attributed to the growing pharmaceutical and food industries in the region.
The global HPMC market was valued at US$ 1172.6 million in 2022 and is anticipated to reach US$ 1426 million by 2029, witnessing a CAGR of 2.8% during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
A detailed market research report on Global HPMC Market available at: https://www.themarketreports.com/report/global-hpmc-market-research-report
This report aims to provide a comprehensive presentation of the global market for HPMC, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding HPMC.
The Ashland Inc., the Dow Chemical and the Shin Etsu Company are the leading manufacturers of HPMC in the world, with about 52% market shares.
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