HPMC is a non-ionic type of cellulose and is chemically inert. When dissolved in water, it swells, thickens, emulsifies and forms protective colloids. HPMC also has adhesive, gelation, film-formation, water retention and other properties. It has multiple applications in various industries such as construction, cosmetics, medicine, food, textile, dairy products, etc. According to a new report by Expert Market Research, the global HPMC market reached a volume of 569 Metric Tons in 2018 and is further expected to reach 722 Metric Tons by 2024.
The production of HPMC witnessed a significant growth during 2014-2018 in the major producing countries. HPMC is majorly consumed in the construction sector, where it is used in tile adhesives, cement renders, paints and coatings, gypsum products, etc. Owing to its properties like thermal gelation, film-forming, thickening, etc., HPMC also substitutes animal gelatin in the food industry to modify and enhance the taste of food products. In the pharmaceutical industry, it is used as an excipient and controlled-delivery constituent in oral tablets or capsules, and as an ophthalmic lubricant. Rising population, increasing per capita income, changing consumer preferences, growing demand from end-use industries and innovation in various sectors are some of the factors stimulating the market growth.
Key findings from the report:
Click here for summary of the report: https://www.expertmarketresearch.com/reports/hpmc-market
Expert Market Research has analysed the global HPMC market according to end-use industry, major regions and top players:
Market breakup by End-use Industry
Market breakup by Region
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"Global HPMC Market: By End-Use: Construction, Pharmaceutical (Including Cosmetics), Food Industry; By Region: North America, Europe, Asia Pacific, Latin America, Middle East and Africa; Historical Market (2014-2018), Market Forecast (2019-2024); Market Drivers, Opportunities and Threats; Competitive Landscape; Regional Price Analysis; Trade Analysis; Cost Analysis"
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