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Global Hydroxypropyl Cellulose Market to Grow at a CAGR of 4% During 2021-2026, Aided by the Rising Demand for Ophthalmic Drugs

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Global Hydroxypropyl Cellulose Market: By Type: L- Hydroxypropyl Cellulose, H- Hydroxypropyl Cellulose; By Application: Food and Beverages, Cosmetics and Personal Care, Pharmaceuticals, Others; Regional Analysis; Historical Market and Forecast (2016-2026); Competitive Landscape; Industry Events and Developments

Global Hydroxypropyl Cellulose Market Outlook

The global hydroxypropyl cellulose market is expected to grow in the forecast period of 2021-2026 at a CAGR of 4%.

 

Hydroxypropyl Cellulose Market

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The Asia Pacific Market for Hydroxypropyl Cellulose to be Aided by the Installation of FMCG Manufacturing Bases

The Asia Pacific is expected to be a significant global market for hydroxypropyl cellulose over the forecast period. The relocation of the manufacturing base of FMCG and other consumer goods to Asian countries such as China, India, Indonesia, Malaysia, Thailand, and Vietnam is expected to aid the hydroxypropyl cellulose industry in the region. The Asian hydroxypropyl cellulose industry is also aided by the increased demand for ophthalmic drugs in developing countries like India, Japan, and China. North America and Europe are predicted to witness a healthy market growth owing to the rising levels of disposable income and purchasing power among the consumers. The Middle East and Africa are also anticipated to have a steady growth owing to the growing infrastructure and growing demand for the product.

 

Hydroxypropyl Cellulose Market by Application

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Hydroxypropyl Cellulose: Industry Definition and Segmentation

Hydroxypropyl cellulose is a cellulose derivative which is soluble in both water and organic solvents. It is a white, tasteless, and odourless powder. Hydroxypropyl cellulose has wide applications owing to its high solubility, thermoplasticity, stabilising, and thickening properties. It is generally used as a lubricant and topical ophthalmic protectant.

The major types of hydroxypropyl cellulose are:

  • L-Hydroxypropyl Cellulose
  • H-Hydroxypropyl Cellulose

The market can be broadly categorised based on its applications into:

  • Food and Beverages
  • Cosmetics and Personal Care
  • Pharmaceuticals
  • Construction
  • Paper and Textile
  • Oil Field Chemical
  • Paints and Adhesives
  • Others

The EMR report looks into the regional markets of hydroxypropyl cellulose like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Hydroxypropyl Cellulose Market by Region

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Rising Demand for Ophthalmic Drugs to Drive the Global Market for Hydroxypropyl Cellulose

The global hydroxypropyl cellulose industry is being driven by the rising demand for ophthalmic drugs due to the rising prevalence of eye diseases. Hydroxypropyl cellulose finds its major application in the food and beverage industry, where it is used as an emulsion stabiliser, thickener, and binder in various food products such as frozen food, canned citrus, and sauces. It is also employed as a dispersant in the processing stages of polyvinyl chloride (PVC). The surging demand for frozen food and packaged food products is anticipated to propel the hydroxypropyl cellulose industry forward. The growing construction and infrastructure industry is expected to boost the market growth of the product. Furthermore, the market is aided by the improving standard of living and the rising disposable income among the consumers.

 

Key Industry Players in the Global Hydroxypropyl Cellulose Market

The report presents a detailed analysis of the following key players in the global hydroxypropyl cellulose market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • Ashland Global Holdings Inc., 
  • Sidley Chemical Co., Ltd.
  • Nippon Soda Co., Ltd.
  • Shin-Etsu Chemical Co., Ltd.
  • Shandong Head Europe BV
  • Hangzhou Showland Technology Co., Ltd
  • Shandong Xinhua Pharmaceutical Co., Ltd
  • Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description
    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary
    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Hydroxypropyl Cellulose Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Hydroxypropyl Cellulose Historical Market (2016-2020) 
    8.3    Global Hydroxypropyl Cellulose Market Forecast (2021-2026)
    8.4    Global Hydroxypropyl Cellulose Market by Type
        8.4.1    L- Hydroxypropyl Cellulose
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    H- Hydroxypropyl Cellulose
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
    8.5    Global Hydroxypropyl Cellulose Market by Application
        8.5.1    Food and Beverages
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    Cosmetics and Personal Care
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
        8.5.3    Pharmaceuticals
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2016-2020)
            8.5.3.3    Forecast Trend (2021-2026)
        8.5.4    Construction
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2016-2020)
            8.5.4.3    Forecast Trend (2021-2026)
        8.5.5    Paper and Textile
            8.5.5.1    Market Share
            8.5.5.2    Historical Trend (2016-2020)
            8.5.5.3    Forecast Trend (2021-2026)
        8.5.6    Oil Field Chemical
            8.5.6.1    Market Share
            8.5.6.2    Historical Trend (2016-2020)
            8.5.6.3    Forecast Trend (2021-2026)
        8.5.7    Paints and Adhesives
            8.5.7.1    Market Share
            8.5.7.2    Historical Trend (2016-2020)
            8.5.7.3    Forecast Trend (2021-2026)
        8.5.8    Others
    8.6    Global Hydroxypropyl Cellulose Market by Region
        8.6.1    Market Share
            8.6.1.1    North America
            8.6.1.2    Europe
            8.6.1.3    Asia Pacific
            8.6.1.4    Latin America
            8.6.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Price Analysis
    12.1    North America Historical Price Trends (2016-2020) and Forecast (2021-2026)
    12.2    Europe Historical Price Trends (2016-2020) and Forecast (2021-2026)
    12.3    Asia Pacific Historical Price Trends (2016-2020) and Forecast (2021-2026)
    12.4    Latin America Historical Price Trends (2016-2020) and Forecast (2021-2026)
    12.5    Middle East and Africa Historical Price Trends (2016-2020) and Forecast (2021-2026)
13    Manufacturing Process
    13.1    Overview
    13.2    Detailed Process Flow
    13.3    Operations Involved
14    Competitive Landscape
    14.1    Market Structure
    14.2    Company Profiles
        14.2.1    Ashland Global Holdings Inc.
            14.2.1.1    Company Overview
            14.2.1.2    Product Portfolio
            14.2.1.3    Demographic Reach and Achievements
            14.2.1.4    Certifications
        14.2.2    Sidley Chemical Co.,Ltd.
            14.2.2.1    Company Overview
            14.2.2.2    Product Portfolio
            14.2.2.3    Demographic Reach and Achievements
            14.2.2.4    Certifications
        14.2.3    Nippon Soda Co., Ltd.
            14.2.3.1    Company Overview
            14.2.3.2    Product Portfolio
            14.2.3.3    Demographic Reach and Achievements
            14.2.3.4    Certifications
        14.2.4    Shin-Etsu Chemical Co., Ltd.
            14.2.4.1    Company Overview
            14.2.4.2    Product Portfolio
            14.2.4.3    Demographic Reach and Achievements
            14.2.4.4    Certifications
        14.2.5    Shandong Head Europe BV
            14.2.5.1    Company Overview
            14.2.5.2    Product Portfolio
            14.2.5.3    Demographic Reach and Achievements
            14.2.5.4    Certifications
        14.2.6    Hangzhou Showland Technology Co., Ltd
            14.2.6.1    Company Overview
            14.2.6.2    Product Portfolio
            14.2.6.3    Demographic Reach and Achievements
            14.2.6.4    Certifications
        14.2.7    Shandong Xinhua Pharmaceutical Co.,Ltd
            14.2.7.1    Company Overview
            14.2.7.2    Product Portfolio
            14.2.7.3    Demographic Reach and Achievements
            14.2.7.4    Certifications
        14.2.8    Others
15    Industry Events and Developments

 

Additional Customisation Available

1    Project Requirements and Cost Analysis
    1.1    Land, Location, and Site Development
    1.2    Construction
    1.3    Plant Machinery
    1.4    Raw Material
    1.5    Packaging
    1.6    Transportation
    1.7    Utilities
    1.8    Manpower
    1.9    Other Capital Investments

 

List of Figures and Tables

1.    Global Hydroxypropyl Cellulose Market: Key Industry Highlights, 2016 and 2026
2.    Global Hydroxypropyl Cellulose Historical Market: Breakup by Type (USD Billion), 2016-2020
3.    Global Hydroxypropyl Cellulose Market Forecast: Breakup by Type (USD Billion), 2021-2026
4.    Global Hydroxypropyl Cellulose Historical Market: Breakup by Application (USD Billion), 2016-2020
5.    Global Hydroxypropyl Cellulose Market Forecast: Breakup by Application (USD Billion), 2021-2026
6.    Global Hydroxypropyl Cellulose Historical Market: Breakup by Region (USD Billion), 2016-2020
7.    Global Hydroxypropyl Cellulose Market Forecast: Breakup by Region (USD Billion), 2021-2026
8.    North America Hydroxypropyl Cellulose Historical Market: Breakup by Country (USD Billion), 2016-2020
9.    North America Hydroxypropyl Cellulose Market Forecast: Breakup by Country (USD Billion), 2021-2026
10.    Europe Hydroxypropyl Cellulose Historical Market: Breakup by Country (USD Billion), 2016-2020
11.    Europe Hydroxypropyl Cellulose Market Forecast: Breakup by Country (USD Billion), 2021-2026
12.    Asia Pacific Hydroxypropyl Cellulose Historical Market: Breakup by Country (USD Billion), 2016-2020
13.    Asia Pacific Hydroxypropyl Cellulose Market Forecast: Breakup by Country (USD Billion), 2021-2026
14.    Latin America Hydroxypropyl Cellulose Historical Market: Breakup by Country (USD Billion), 2016-2020
15.    Latin America Hydroxypropyl Cellulose Market Forecast: Breakup by Country (USD Billion), 2021-2026
16.    Middle East and Africa Hydroxypropyl Cellulose Historical Market: Breakup by Country (USD Billion), 2016-2020
17.    Middle East and Africa Hydroxypropyl Cellulose Market Forecast: Breakup by Country (USD Billion), 2021-2026
18.    North America Historical Price Trends and Forecast 2016-2026
19.    Europe Historical Price Trends and Forecast 2016-2026
20.    Asia Pacific Historical Price Trends and Forecast 2016-2026
21.    Latin America Historical Price Trends and Forecast 2016-2026
22.    Middle East and Africa Historical Price Trends and Forecast 2016-2026
23.    Global Hydroxypropyl Cellulose Market Structure

Key Questions Answered in the Report

What is the growth rate of the global hydroxypropyl cellulose market?

In the forecast period of 2021-2026, the global hydroxypropyl cellulose market is projected to grow at a CAGR of 4%.

What are the major market drivers?

The major drivers of the industry, such as rising disposable incomes, growing health consciousness, rising ophthalmic diseases, and increasing demand from the food and beverage industry, are expected to aid the market growth.

What are the key industry trends of the global hydroxypropyl cellulose market?

Customisation of the product to cater to the industrial needs of various sectors is the key trend in the market.

What are the major regional markets of hydroxypropyl cellulose, according to the EMR report?

The major regional markets of hydroxypropyl cellulose are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

What are the major types of products?

The major types of the product are L-hydroxypropyl cellulose and H-hydroxypropyl cellulose.

What are the leading application sectors of hydroxypropyl cellulose?

Hydroxypropyl cellulose finds its leading application in food and beverages, cosmetics and personal care, pharmaceutical, construction, paper and textile, oil field chemical, and paints and adhesives, among others.

Who are the key industry players, according to the report?

The major players in the industry include Ashland Global Holdings Inc., Sidley Chemical Co. Ltd., Nippon Soda Co., Ltd., Shin-Etsu Chemical Co. Ltd., Shandong Head Europe BV, Hangzhou Showland Technology Co. Ltd, and Shandong Xinhua Pharmaceutical Co. Ltd, among others.

Analyst Review

The global hydroxypropyl cellulose market is being driven by rising demand for ophthalmic drugs. Aided by food and beverages industrial growth, the market is expected to witness a moderate growth in the forecast period of 2021-2026, growing at a CAGR of 4%.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on type, the market can be segmented into L-hydroxypropyl cellulose and H-hydroxypropyl cellulose. By application, the market is segmented into food and beverages, cosmetics and personal care, pharmaceutical, construction, paper and textile, oil field chemical, and paints and adhesives, among others. The major regional markets for the hydroxypropyl cellulose are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Ashland Global Holdings Inc., Sidley Chemical Co. Ltd., Nippon Soda Co., Ltd., Shin-Etsu Chemical Co. Ltd., Shandong Head Europe BV, Hangzhou Showland Technology Co. Ltd, and Shandong Xinhua Pharmaceutical Co. Ltd, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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