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Increased pharmaceutical spending is likely to promote innovation in hydroxypropyl methylcellulose manufacturing, propelling the market during the forecast period.

The global hydroxypropyl methylcellulose market is expected to grow from $4.14 billion in 2022 to $4.40 billion in 2023 at a compound annual growth rate (CAGR) of 6.3%. The global hydroxypropyl methylcellulose market size is expected to reach $5.50 billion in 2027 at a CAGR of 5.7%.

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Global Hydroxypropyl Methylcellulose Market Segments Include:

• By Product Types: Pharmaceutical Grade, Industrial Grade
• By Sales Channel: Direct Sale, Indirect Sale
• By End Use: Construction, Pharmaceuticals (Including Cosmetics), Food Industry, Others End Uses
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global hydroxypropyl methylcellulose market in 2021.

Major Market Players in the hydroxypropyl methylcellulose market include Celotech Chemical Co Ltd., Zhejiang Kelain New Materials Co Ltd., Shin-Etsu Chemical Co Ltd, Ashland Global Specialty Chemicals Inc, DuPont de Nemours Inc, Colorcon Inc.

Product innovation has emerged as the most popular trend in the hydroxypropyl methylcellulose industry. To increase their market position, major businesses in the hydroxypropyl methylcellulose industry are creating innovative products. For example, in May 2021, Evonik Industries AG, a speciality chemical company based in Germany, released EUDRACAP, a ready-to-use capsule made of hydroxypropyl methylcellulose designed to optimise the release profile of oral medication products. The coated HPMC (hydroxypropyl methylcellulose) capsules are especially well suited to protect delicate active pharmaceutical ingredients from gastric acid and moisture for effective active ingredient release, and they operate without a hitch on fully automated machines at full speed during active ingredient filling or production. Furthermore, it promotes the development and sale of complicated oral drugs that contain delicate components, such as biologicals.

The Hydroxypropyl Methylcellulose Global Market Report 2023  provides a hydroxypropyl methylcellulose market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The hydroxypropyl methylcellulose market forecast analyzes hydroxypropyl methylcellulose market size, hydroxypropyl methylcellulose market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Hydroxypropyl methylcellulose is a kind of cellulose ether in which one or more of the cellulose ring’s three hydroxyl groups have been substituted for additional hydroxyl groups. It is odourless and tasteless, white to slightly off-white, and has fibrous or granular characteristics. Because of its hydrophilic, biodegradability, and biocompatibility, it is widely utilised in medicine distribution, dyes and paints, cosmetics, adhesives, coatings, agriculture, and textiles.

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