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Report Overview
The global hydroxypropyl cellulose market is being driven by rising demand for ophthalmic drugs. Aided by food and beverages industrial growth, the market is expected to witness a moderate growth in the forecast period of 2025-2034, growing at a CAGR of 4.00%.
2024
Base Year
2018-2024
Historical Year
2025-2034
Forecast Year
Compound Annual Growth Rate
Value in USD Billion
4%
2025-2034
Hydroxypropyl Cellulose Market Outlook
*this image is indicative*
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The Asia Pacific Market for Hydroxypropyl Cellulose to be Aided by the Installation of FMCG Manufacturing Bases
The Asia Pacific is expected to be a significant global market for hydroxypropyl cellulose over the forecast period. The relocation of the manufacturing base of FMCG and other consumer goods to Asian countries such as China, India, Indonesia, Malaysia, Thailand, and Vietnam is expected to aid the hydroxypropyl cellulose industry in the region. The Asian hydroxypropyl cellulose industry is also aided by the increased demand for ophthalmic drugs in developing countries like India, Japan, and China.
North America and Europe are predicted to witness a healthy market growth owing to the rising levels of disposable income and purchasing power among the consumers. The Middle East and Africa are also anticipated to have a steady growth owing to the growing infrastructure and growing demand for the product.
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Hydroxypropyl Cellulose: Market Segmentation
Hydroxypropyl cellulose is a cellulose derivative which is soluble in both water and organic solvents. It is a white, tasteless, and odourless powder. Hydroxypropyl cellulose has wide applications owing to its high solubility, thermoplasticity, stabilising, and thickening properties. It is generally used as a lubricant and topical ophthalmic protectant.
The major types of hydroxypropyl cellulose are:
- L-Hydroxypropyl Cellulose
- H-Hydroxypropyl Cellulose
The market can be broadly categorised based on its applications into:
- Food and Beverages
- Cosmetics and Personal Care
- Pharmaceuticals
- Construction
- Paper and Textile
- Oil Field Chemical
- Paints and Adhesives
- Others
The EMR report looks into the regional markets of hydroxypropyl cellulose like:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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Purchase the Regional Overview for
USD 1099
If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
Purchase the Regional Overview for
USD 1099
If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
Purchase the Regional Overview for
USD 1099
If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
Rising Demand for Ophthalmic Drugs to Drive the Global Market for Hydroxypropyl Cellulose
The global hydroxypropyl cellulose industry is being driven by the rising demand for ophthalmic drugs due to the rising prevalence of eye diseases. Hydroxypropyl cellulose finds its major application in the food and beverage industry, where it is used as an emulsion stabiliser, thickener, and binder in various food products such as frozen food, canned citrus, and sauces. It is also employed as a dispersant in the processing stages of polyvinyl chloride (PVC). The surging demand for frozen food and packaged food products is anticipated to propel the hydroxypropyl cellulose industry forward. The growing construction and infrastructure industry is expected to boost the market growth of the product. Furthermore, the market is aided by the improving standard of living and the rising disposable income among the consumers.
Key Industry Players in the Global Hydroxypropyl Cellulose Market
The report presents a detailed analysis of the following key players in the global hydroxypropyl cellulose market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Ashland Global Holdings Inc.,
- Sidley Chemical Co., Ltd.
- Nippon Soda Co., Ltd.
- Shin-Etsu Chemical Co., Ltd.
- Shandong Head Europe BV
- Hangzhou Showland Technology Co., Ltd
- Shandong Xinhua Pharmaceutical Co., Ltd
- Others
The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
*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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Key Questions Answered in the Report
In the forecast period of 2025-2034, the global hydroxypropyl cellulose market is projected to grow at a CAGR of 4.00%.
The major drivers of the industry, such as rising disposable incomes, growing health consciousness, rising ophthalmic diseases, and increasing demand from the food and beverage industry, are expected to aid the market growth.
Customisation of the product to cater to the industrial needs of various sectors is the key trend in the market.
The major regional markets of hydroxypropyl cellulose are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The major types of the product are L-hydroxypropyl cellulose and H-hydroxypropyl cellulose.
Hydroxypropyl cellulose finds its leading application in food and beverages, cosmetics and personal care, pharmaceutical, construction, paper and textile, oil field chemical, and paints and adhesives, among others.
The major players in the industry include Ashland Global Holdings Inc., Sidley Chemical Co. Ltd., Nippon Soda Co., Ltd., Shin-Etsu Chemical Co. Ltd., Shandong Head Europe BV, Hangzhou Showland Technology Co. Ltd, and Shandong Xinhua Pharmaceutical Co. Ltd, among others.
Report Summary
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.
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| Base Year | 2024 |
| Historical Period | 2018-2024 |
| Forecast Period | 2025-2034 |
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