United States Hydroxypropyl Methylcellulose (HPMC) Market: By End Use: Food, Construction, Pharmaceutical, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Competitive Landscape; Key Trends and Developments in the Market; 2024-2032

United States Hydroxypropyl Methylcellulose (HPMC) Market Outlook

The United States hydroxypropyl methylcellulose (HPMC) market size is projected to grow at a CAGR of 6.2% between 2024 and 2032. The major drivers of the market include extensive product applications in the construction sector, among various other industries.

Key Trends in the Market

Hydroxypropyl Methylcellulose (HPMC), a white powder, is a non-ionic cellulose ether that has no taste or odour. The majority of supplement capsules are constructed with HPMC. It can serve as an adhesive to increase smearing ability and extend operating time. HPMC is also a pasting agent that can be used to lower the cement content in ceramic tiles, marble, and plastic ornamentation.

• The construction sector is witnessing significant growth owing to rising disposable incomes and increasing population. HPMC finds extensive applications in the construction sector as it can make cement fully hydrated, guaranteeing greater bonding performance of the mortar and adhering to a variety of substrates, thus supporting the United States hydroxypropyl methylcellulose (HPMC) market growth. It also ensures that mortar has enough moisture, even in high-temperature environments.

• In the pharmaceutical sector, HPMC powder is frequently employed as a disintegrant, thickening agent, and binder. It is also frequently used to enhance the quality of drugs in tablet and capsule formulations.

• HPMC is frequently used to treat a variety of conditions related to eyes, including dry eyes, among others. Additionally, HPMC powder is a common ingredient in shampoos, lotions, and cream formulations, acting as a thickener, emulsifier, and stabiliser, among others. The increasing requirement for such personal care products is providing lucrative growth opportunities to the market.

United States Hydroxypropyl Methylcellulose (HPMC) Market Segmentation

The report analyses the end use and regional segments of hydroxypropyl methylcellulose (HPMC) and looks into its various aspects. Based on end use, the market is segmented into food, construction, and pharmaceutical, among others. The major regional markets for hydroxypropyl methylcellulose (HPMC) are New England, Mideast, Great Lakes, Plains, Southeast, Southwest, Rocky Mountain, and Far West.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the United States hydroxypropyl methylcellulose (HPMC) market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

• The Dow Chemical Company 

• Ashland Inc. 

• LOTTE Fine Chemical Co,. Ltd. 

• Shandong Head Group Co., Ltd. 

• BPSI Holdings LLC

• J. RETTENMAIER & SÖHNE GmbH + Co KG

• Lyfe Group

• ACG Pharma Technologies Pvt. Ltd.  

• Others

Market Share by End Use

As per the United States hydroxypropyl methylcellulose (HPMC) market analysis, the demand for the product is significantly increasing from the food sector. In the food sector, HPMC powder is used as a thickening, emulsifying, and gelling agent. It is frequently found in processed meals such as dairy products, baked goods, and sauces. It gives products a smooth, creamy texture, and enhances their consistency. Additionally, it improves the product's stability, enabling it to remain fresher for longer durations. The growing demand for convenience meals and ready-to-eat foods is further boosting the United States hydroxypropyl methylcellulose (HPMC) market share.

Additionally, HPMC powder offers a vegetarian substitute for gelatine, allowing producers to create vegan and vegetarian goods. The rising popularity of veganism and vegetarianism, owing to increasing awareness about the various benefits and growing concerns for animal welfare, is further contributing to the product demand.

Regional Insights

The expansion of the pharmaceutical sector in the United States can be attributed to the increasing prevalence of various chronic illness and disorders, among others. The wide applications of HPMC in the pharmaceutical sector is supporting the expansion of the market in the United States. HPMC is used as a gelling and thickening agent by the pharmaceutical sector.  The strong presence of leading pharmaceutical companies including Johnson and Johnson, Sanofi, Merck, Roche, Novartis, Bayer, Bristol-Myers Squibb, and Pfizer, among others in the United States is further bolstering the United States hydroxypropyl methylcellulose (HPMC) market demand.

Competitive Landscape

Dow Chemical Company is a materials science corporation based in the United States that provides a variety of goods and services, such as building supplies, medical supplies, and agricultural films. The company is among the top three global producers of chemicals.

Ashland Inc. is a leading specialised materials provider with a proactive and mindful approach to sustainability. The company has its shares listed on the New York Stock Exchange with the ticker symbol ASH (NYSE:ASH). Benecel™ is the main HPMC product under this company that is used in industries including skincare, dietary supplements, and pharmaceuticals, among others.

LOTTE Fine Chemical Co,. Ltd., founded in 1964, has evolved into a worldwide player in speciality chemicals, with both domestic and international bases. They develop essential materials that act as flexible industrial backbones for semiconductors, building, and pharmaceuticals. The company has its shares listed on the Korea Stock Exchange with the ticker symbol (KRX: 011170).

Other key players in the United States hydroxypropyl methylcellulose (HPMC) market include Shandong Head Group Co., Ltd., BPSI Holdings LLC, J. RETTENMAIER & SÖHNE GmbH + Co KG, Lyfe Group, and ACG Pharma Technologies Pvt. Ltd., among others.

Key Highlights of the Report

*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.