United States Hydroxypropyl Methylcellulose (HPMC) Market Report and Forecast 2024-2032
Market Report I 2024-02-13 I 185 Pages I EMR Inc.
United States Hydroxypropyl Methylcellulose (HPMC) Market Report and Forecast 2024-2032
Market Outlook
According to the report by Expert Market Research (EMR), the United States hydroxypropyl methylcellulose (HPMC) market is projected to grow at a CAGR of 6.2% between 2024 and 2032. Aided by the diverse applications of HPMC across various industries, the market is expected to grow significantly by 2032.
HPMC, a cellulose ether derivative, is renowned for its properties as a gelling agent, film-former, emulsifier, and stabiliser, making it an indispensable component in numerous applications. Its non-ionic nature and compatibility with a wide range of ingredients allow for its extensive use in formulations where control of viscosity, adhesion, or water retention is required.
The United States hydroxypropyl methylcellulose (HPMC) market growth is primarily fuelled by the pharmaceutical industry, where HPMC is extensively used as an excipient in oral solid dosage forms, including tablets and capsules. Its application as a controlled-release agent, along with its non-toxic and non-irritant characteristics, underscores its importance in pharmaceutical formulations.
Furthermore, the construction sector contributes significantly to the demand for HPMC, particularly in cement and gypsum-based applications, where it acts as a water retention agent, improving workability and extending open time. The rebound in construction activities and the growing trend toward sustainable building practices present opportunities for the increased use of HPMC in construction materials.
The food and beverage industry also influences the United States hydroxypropyl methylcellulose (HPMC) market outlook, driven by the demand for vegan and gluten-free food products. HPMC serves as an excellent plant-based alternative to gelatine, catering to the needs of consumers seeking vegetarian or vegan food options. Its application in gluten-free baking, as a thickener and stabiliser in sauces and dressings, and as a protective colloid in beverages, further amplifies its market potential.
Regulatory compliance and sustainability concerns are shaping market dynamics, with manufacturers and end-users increasingly focused on environmentally friendly and safe products. HPMC's biodegradability and non-toxic nature align with the regulatory standards and consumer preferences for sustainable and green ingredients, enhancing its appeal across industries.
Looking ahead, the United States hydroxypropyl methylcellulose (HPMC) market demand is expected to be propelled by the continuous demand across key sectors and the increasing emphasis on sustainable and vegan products. As industries seek functional, versatile, and eco-friendly alternatives, HPMC's role is expected to expand, offering significant opportunities for market players.
Market Segmentation
The market can be divided based on end use, and region.
Market Breakup by End Use
- Food
- Construction
- Pharmaceutical
- Others
Market Breakup by Region
- New England
- Mideast
- Great Lakes
- Plains
- Southeast
- Southwest
- Rocky Mountain
- Far West
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the United States hydroxypropyl methylcellulose (HPMC) market. Some of the major players explored in the report by Expert Market Research are as follows:
- The Dow Chemical Company
- Ashland Inc.
- LOTTE Fine Chemical Co,. Ltd.
- Shandong Head Group Co., Ltd.
- BPSI Holdings LLC
- J. RETTENMAIER & SOHNE GmbH + Co KG
- Lyfe Group
- ACG Pharma Technologies Pvt. Ltd.
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
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 Market Snapshot
7 Opportunities and Challenges in the Market
8 North America Hydroxypropyl Methylcellulose (HPMC) Market Overview
8.1 Key Industry Highlights
8.2 North America Hydroxypropyl Methylcellulose (HPMC) Historical Market (2018-2023)
8.3 North America Hydroxypropyl Methylcellulose (HPMC) Market Forecast (2024-2032)
8.4 North America Hydroxypropyl Methylcellulose (HPMC) Market Breakup by Country
8.4.1 United States
8.4.2 Canada
9 United States Hydroxypropyl Methylcellulose (HPMC) Market Overview
9.1 Key Industry Highlights
9.2 United States Hydroxypropyl Methylcellulose (HPMC) Historical Market (2018-2023)
9.3 United States Hydroxypropyl Methylcellulose (HPMC) Market Forecast (2024-2032)
10 United States Hydroxypropyl Methylcellulose (HPMC) Market by End Use
10.1 Food
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Construction
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Pharmaceutical
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Others
11 United States Hydroxypropyl Methylcellulose (HPMC) Market by Region
11.1 New England
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Mideast
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Great Lakes
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Plains
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Southeast
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Southwest
11.6.1 Historical Trend (2018-2023)
11.6.2 Forecast Trend (2024-2032)
11.7 Rocky Mountain
11.7.1 Historical Trend (2018-2023)
11.7.2 Forecast Trend (2024-2032)
11.8 Far West
11.8.1 Historical Trend (2018-2023)
11.8.2 Forecast Trend (2024-2032)
12 Market Dynamics
12.1 SWOT Analysis
12.1.1 Strengths
12.1.2 Weaknesses
12.1.3 Opportunities
12.1.4 Threats
12.2 Porter's Five Forces Analysis
12.2.1 Supplier's Power
12.2.2 Buyer's Power
12.2.3 Threat of New Entrants
12.2.4 Degree of Rivalry
12.2.5 Threat of Substitutes
12.3 Key Indicators for Demand
12.4 Key Indicators for Price
13 Value Chain Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 The Dow Chemical Company
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 Ashland Inc.
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 LOTTE Fine Chemical 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 Shandong Head Group 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 BPSI Holdings LLC
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 J. RETTENMAIER & SOHNE GmbH + Co KG
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 Lyfe Group
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 ACG Pharma Technologies Pvt. Ltd.
14.2.8.1 Company Overview
14.2.8.2 Product Portfolio
14.2.8.3 Demographic Reach and Achievements
14.2.8.4 Certifications
14.2.9 Others
15 Key Trends and Developments in the Market
List of Key Figures and Tables
1. North America Hydroxypropyl Methylcellulose (HPMC) Market: Key Industry Highlights, 2018 and 2032
2. United States Hydroxypropyl Methylcellulose (HPMC) Market: Key Industry Highlights, 2018 and 2032
3. United States Hydroxypropyl Methylcellulose (HPMC) Historical Market: Breakup by End Use (USD Million), 2018-2023
4. United States Hydroxypropyl Methylcellulose (HPMC) Market Forecast: Breakup by End Use (USD Million), 2024-2032
5. United States Hydroxypropyl Methylcellulose (HPMC) Historical Market: Breakup by Region (USD Million), 2018-2023
6. United States Hydroxypropyl Methylcellulose (HPMC) Market Forecast: Breakup by Region (USD Million), 2024-2032
7. United States Hydroxypropyl Methylcellulose (HPMC) Market Structure
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