Global HPMC Market Outlook
The global HPMC market reached a value of USD 4.88 billion in 2022. The market is further expected to grow at a CAGR of 3% 2023 and 2028 to reach USD 5.90 billion by 2028.
The consumption of HPMC is driven by the construction and pharmaceutical sector which account for the majority of its consumption. The report by Expert Market Research entitled “Global HPMC Market Report and Forecast 2023-2028” provides a comprehensive analysis for anyone who plans to foray into the HPMC industry.
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Historical market trends for the global HPMC market have been provided from 2018-2022 and forecasts have been presented till 2028. The value chain analysis of HPMC has also been covered in this report encompassing all the activities in the value chain such as procurement, manufacturing, sales, and distribution. Furthermore, the study assesses the industry based on Porter’s five forces model, which evaluates the level of competition in the industry by analysing factors such as bargaining power of buyers and suppliers, threat from substitutes and new entrants. A thorough evaluation of the competitive landscape of the HPMC industry has also been provided.
This report provides an exhaustive insight into the manufacturing of HPMC. Factors such as chemical reactions involved, process flow, raw material requirements, mass balance and various manufacturing steps have been thoroughly discussed in the report. The report also provides a comprehensive market evaluation of the major feedstocks required for manufacturing HPMC viz. cellulose, propylene, methyl chloride and sodium hydroxide. For each feedstock, the report provides industry trends, industry by end uses, and industry by region.
Properties and Applications
Hydroxypropyl methylcellulose is a semisynthetic, inert, and viscoelastic polymer. It is used as an excipient and a controlled-delivery component in oral medicaments, and as an ophthalmic lubricant. The chemical formula of HPMC is C56H108O30 and it is produced on an industrial level by treating cellulose, propylene, and methylene with sodium hydroxide by the process of alkalization and etherification. HPMC has well-diversified applications across various sectors. It is used in pharmaceuticals, ceramics, adhesives, paints & coatings, buildings, and personal care products. It is used in construction materials as a tile binder, water retention agent and rheology modifier. It also serves as an alternative to gelatin because of its physical similarities to gelatin and its vegetarian source. It can also be used as a substitute to gluten. In the pharmaceutical sector, it is used in supplement capsules, coatings, as a drug carrier, emulsifier, and tablet binders. On the industrial level, it is used in inks, in printing and dyeing of textiles and in paper making.
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Based on end-uses, the global HPMC market can be segmented as follows:
The regional markets can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Market Analysis
Today, the global HPMC market is powered by a comprehensive application of HPMC in the manufacture of paints as a thickening agent, which helps to avoid slumps in the production cycle, to achieve stock stability and optimal mechanical properties. Moreover, demand for HPMC is increasing across the pharmaceutical industry because it acts in the formulation of tablets as a safe and non-toxic medicines excipient. Furthermore, it is increasingly popular among consumers who are aware of the health, improving the physical properties of fat-depleted foodstuffs and reducing the level of fat in regular products.
Competitive Landscape
The report analyses the following key players in the global HPMC market, looking into their capacity, competitive landscape, and latest developments like mergers and acquisitions, expansions of capacity, and plant turnarounds:
In order to prepare this research report, Expert Market Research conducted face to face and telephonic interviews with numerous industry participants in the industry. They included manufacturers, distributors, end users, consultants, marketing professionals, researchers, etc. Primary research accounted for the bulk of the research efforts, complemented by an extensive secondary research. Secondary sources included annual reports, press releases, books, journals, white papers, newspapers, magazines, government sources and various proprietary databases.
Expert Market Research uses its comprehensive database of macroeconomic and industry specific data to produce its market forecasts. The initial baseline forecast is produced with the most recent market data. After an initial baseline forecast, all future macroeconomic and sector-specific events and assumptions are taken into account to generate the final forecast.
REPORT FEATURES DETAILS Base Year 2022 Historical Period 2018-2022 Forecast Period 2023-2028 Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- End Use, Region Breakup by End Use Construction, Pharmaceuticals (Including Cosmetics), Food Industry, Others Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand Trade Data Analysis Major Importing Countries by Value and Volume, Major Exporting Countries by Value and Volume Price Analysis Historical and Forecast Price Trends- Regional Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications Companies Covered ShinEtsu (SE Tylose GmbH & Co. KG), Ashland, Dow, LOTTE Fine Chemical, Others Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs. Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
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