Hydroxypropyl Methylcellulose Market size is expected to reach USD 2.85 billion by 2030
Hydroxypropyl Methylcellulose Industry Overview The global hydroxypropyl methylcellulose market size was valued at USD 1.87 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 4.8% from 2022 to 2030. The expanding application of hydroxypropyl methylcellulose (HPMC) across diverse end-use industries such as construction, pharmaceuticals, food, and personal care and cosmetics is expected to create a positive outlook for the market. The market is highly competitive due to the increasing demand from major applications including pharmaceuticals, food, construction, and personal care. The increasing number of new participants across the value chain is expected to boost the HPMC market growth. Key market participants are focusing more on custom manufacturing and tailored solution offering by using advanced technologies to strengthen their customer base and generate more revenue in the near future. Gather more insights about the market ...