US$ 5,269 Million Global HPMC Market Overview 2018, Demand by Regions, Share and Forecast to 2023
The global HPMC market has witnessed a positive growth over the past few years. This can be attributed to numerous factors which include escalating use of HPMC in the production of paints and formulation of tablets as well as for enhancing the physical properties of non-fat food products.Get free sample report: https://goo.gl/mLkygG
According to the latest report by IMARC Group, titled “HPMC (Hydroxypropyl Methylcellulose) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, the global HPMC (hydroxypropyl methylcellulose) market reached a value of US$ 3,611 Million in 2017, growing at a CAGR of around 7% during 2010-2017. Hydroxypropyl methylcellulose, also known as HPMC or Hypromellose, is an inert, viscoelastic and semisynthetic polymer without any distinct taste or odor. The chemical formula of HPMC is C56H108O30 and it is prepared by processing wood pulp or cotton linter with the solution of sodium hydroxide. It is used in surfactant systems owing to its foam enhancing characteristics. Apart from this, as HPMC is a plant-derived material with a low moisture content, it is considered to be a suitable vegetarian alternative for gelatin which has contributed towards its escalating demand in the baking and confectionary sectors.
Global HPMC Market Trends:
Currently, the market is being driven by the extensive use of HPMC as a thickening agent in the production of paints where it helps in preventing sagging during the manufacturing process, achieving storage stability and providing optimum mechanical properties. In addition, the demand for HPMC is witnessing a rise across the pharmaceutical industry since it acts as a safe and non-toxic pharmaceutical excipient in the formulation of tablets.
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