The global HPMC market, valued at USD 5.36 Billion in 2024, has experienced significant growth and is utilised across various industries, such as pharmaceuticals, food, construction, and cosmetics, providing numerous benefits. The market is forecasted to expand at a CAGR of 3.20% from 2025 to 2034, potentially reaching USD 7.34 Billion by 2034. HPMC is becoming more popular in cosmetics and personal care due to its ability to improve texture, moisture retention, and skin feel in products such as lotions, creams, and shampoos.
Base Year
Historical Year
Forecast Year
Value in USD Billion
2025-2034
HPMC Market Outlook
*this image is indicative*
HPMC is utilised in various industries such as pharmaceuticals, food, construction, and cosmetics. It enhances drug safety, improves food texture, and acts as an emulsifier in cosmetics. Non-toxic and safe, it is commonly used in food, pharmaceutical, and personal care products, providing versatile benefits. According to the International Trade Administration, South Korea's cosmetic production reached USD 14.5 billion in 2021, boosting demand of the HPMC market.
HPMC extends shelf life by stabilising formulations and preventing degradation. Its biodegradable nature makes it an eco-friendly choice. Water-soluble, it enhances the quality of water-based products. In construction, it improves cement adhesion and workability, while its film-forming properties benefit coatings and packaging materials.
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The HPMC market is experiencing growth due to the expansion of pharmaceutical applications, the rising popularity of gluten-free products, and continuous innovation within the cosmetics and personal care sectors.
The global market for HPMC is seeing a shift towards eco-friendly, sustainable products. As industries and consumers focus on environmental responsibility, biodegradable HPMC formulations are gaining popularity, particularly in construction, food, and cosmetics. This trend supports sustainable production practices and reduces environmental impact. In March 2024, DuPont announced enhancements to its HPMC production processes to further sustainability goals while addressing the growing demand for eco-friendly solutions across sectors.
HPMC's application in the pharmaceutical industry is expanding, especially in controlled-release drug formulations, where it enhances bioavailability and drug effectiveness. This trend reflects the rising demand for innovative pharmaceutical excipients. In May 2024, the U.S. Department of Agriculture highlighted HPMC’s increasing role in generic drug production, driven by its cost-effectiveness and binding properties, which support the demand for affordable medications worldwide.
The growing demand for gluten-free food products is increasing HPMC usage, as it improves texture, moisture retention, and consistency in such products. With more consumers seeking gluten-free alternatives, the food industry is incorporating HPMC into formulations. In September 2024, Snack Food & Wholesale Bakery highlighted new gluten-free snack products using HPMC to enhance quality and appeal to health-conscious consumers.
HPMC is becoming more popular in cosmetics and personal care due to its ability to improve texture, moisture retention, and skin feel in products such as lotions, creams, and shampoos. As consumers demand multifunctional beauty products, HPMC supports innovation in the sector. In November 2024, Unilever launched new eco-friendly personal care items using HPMC as a natural thickener, meeting the demand for sustainable beauty solutions without compromising product effectiveness.
HPMC is used as a food additive to improve texture and moisture retention in gluten-free products. In cosmetics, it enhances texture and skin feel. It also controls viscosity for optimal flow in industrial formulations and boosts drug bioavailability. Available in various forms, HPMC plays a key role in shaping HPMC market dynamics and trends.
With high heat stability, HPMC is suitable for high-temperature applications. Its biodegradable nature makes it an environmentally friendly choice. In beverages, it stabilises emulsions, enhancing texture. Cost-effective, it acts as a binding, thickening, and stabilising agent. Additionally, HPMC promotes digestive health by acting as dietary fibre in food and pharmaceutical products. In June 2024, BASF announced advancements in HPMC formulations to improve drug delivery systems, supporting the pharmaceutical sector’s growth and meeting the increasing demand for effective medications.
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The EMR’s report titled “Global HPMC Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:
Market Breakup by End Use
Market Breakup by Region
According to the HPMC market analysis, the construction industry is a major driver of the market due to its vital role as a cement additive. HPMC improves water retention, workability, and adhesion in cement products, enhancing durability and performance. The global demand for infrastructure development further increases HPMC use in construction. In January 2024, Australia's new residential construction value rose by 19.4%, reaching USD 7.14 billion.
The growth of the HPMC market is also supported by the food industry, which benefits from HPMC as a plant-based thickening and stabilising agent, especially in gluten-free and vegan products. Its ability to enhance texture and moisture retention makes it popular in processed foods, particularly among health-conscious consumers. The U.S. food service industry, valued at USD 905.13 billion in 2023, saw a 9.76% increase from the previous year, underlining the industry's growth and its dependence on ingredients like HPMC for stability.
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The global HPMC market key players offer innovative and sustainable solutions across a range of industries, including pharmaceuticals, food, construction, and personal care. These companies are recognised for their expertise in high-performance ingredients, such as Hydroxypropyl Methylcellulose (HPMC), commonly used in pharmaceutical formulations, food products, and cosmetics.
Headquartered in Tokyo, Japan, ShinEtsu Chemical was established in 1926, and is a leading global manufacturer of chemicals and silicon products. SE Tylose GmbH & Co. KG is a subsidiary focusing on cellulose derivatives, such as Hydroxypropyl Methylcellulose (HPMC), for various applications in industries like construction, pharmaceuticals, and cosmetics.
Ashland Global Holdings Inc., founded in 1924, is a multinational speciality chemicals company based...
Dow Inc., established in 1897, is a leading materials science company with its headquarters in Michi...
Headquartered in Seoul, South Korea, the company was founded in 1976. A part of the LOTTE Group, it ...
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2024, the HPMC market reached an approximate value of USD 5.36 Billion.
The market is assessed to grow at a CAGR of 3.20% between 2025 and 2034.
The market is estimated to witness healthy growth in the forecast period of 2025-2034 to reach a value of around USD 7.34 Billion by 2034.
The major drivers of the market are the rising disposable incomes, increasing population, and the rising construction and pharmaceutical sectors.
Rising awareness about the extensive uses of the product acts as a key trend for the market.
North America, Europe, Latin America, the Asia Pacific, and the Middle East and Africa are the other major regions in the global HPMC market.
The construction sector accounts for the largest share of the global HPMC market.
The major players in the global HPMC market are ShinEtsu (SE Tylose GmbH & Co. KG), Ashland, Dow, and LOTTE Fine Chemical, among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2024 |
| Historical Period | 2018-2024 |
| Forecast Period | 2025-2034 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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