Hydroxypropyl methylcellulose (HPMC) or also called hypromellose is an inert, semisynthetic, viscoelastic polymer, which is used for eye-drop and controlled delivery component in oral medications. HPMC is also used as an excipient in the pharmaceutical industry. HPMC finds major applications in various industries including paints & coatings, pharmaceutical, building & construction, adhesives, and personal care. HPMC serves different purposes such as thickening agent, emulsifier, rheology modifier and controller, and stabilizing agent. It is known as a substitute for animal gelatin. It also used as a food additive in the food & beverage industry.

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Market Regional Analysis

Asia Pacific is projected to gain the major market share in global hydroxypropyl methylcellulose market over the forecast period. This is owing to increasing demand for food & beverages from emerging economies such as China and India. Europe is projected to witness significant market growth, owing to a high growth of various industries such as paints & coatings, food & beverage, and personal care. Germany, France, Italy, and Spain are expected to lead the market in the region. South America and Middle East are expected to witness fastest growth, owing to high demand for HPMC in regions.

Market Players

Key players operating in the global hydroxypropyl methylcellulose market include Zhejiang Kehong Chemical Co. Ltd, Ashland Inc., The Dow Chemical Company, and Samsung Fine Chemical Company.

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