North America Hydroxypropyl Methylcellulose (HPMC) Market 2021: Industry Analysis, Share, Growth, Trends and Forecast 2026
According to the latest report by IMARC Group, titled, “North America Hydroxypropyl Methylcellulose (HPMC) Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026“, The north america hydroxypropyl methylcellulose (HPMC) market size reached a value of US$ 512 Million in 2020 and expects the market to grow at a CAGR of around 4% during 2021-2026.
Hydroxypropyl methylcellulose (HPMC), also known as Hypromellose, is an organic compound produced by synthetic alteration of alkali cellulose, which involves treating wood pulp with sodium hydroxide solution. It is a tasteless and odorless powder with a white or slightly off-white color. HPMC has excellent film-forming properties, water retention capability, thickening power and extensive resistance to oils and enzymes.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
North America Hydroxypropyl Methylcellulose (HPMC) Market Trends:
The North America HPMC market is primarily driven by the escalating demand from the construction industry for manufacturing latex putty, mortar, coatings, cement tiles and spray paints. Additionally, the increasing usage of HPMC in pharmaceutical drugs and personal care products is another growth-inducing factor. Furthermore, its growing popularity as a preferred vegan alternative to gelatin in preparing numerous baking and confectionery products across the regionhas impacted the market. Other factors, including its rapid adoption in making adhesives and rising application as an ophthalmic lubricating agent that helps moisten hard contact lenses, are anticipated to drive the market further.
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North America Hydroxypropyl Methylcellulose (HPMC) Market 2021-2026 Analysis and Segmentation:
The report has segmented the market on the basis on end-use and country
Breakup by end-use
- Pharmaceuticals (Including Cosmetics)
- Food Industry
Breakup by Region:
- United States
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021- 2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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