Key players in the hydroxypropyl methylcellulose market include Celotech Chemical Co., Ltd., Zhejiang Kelan New Materials Co., Ltd., Shin-Etsu Chemical Co., Ltd., Ashland Global Specialty Chemicals Co., Ltd., Dupont de Nemours, Inc. , Carle Kang Company, Shandong Letian Fine Chemical Co., Ltd. Head Co Ltd, Shijiazhuang Shangdun Cellulose Co., Ltd., Fenchem Biotek Ltd, Mitsubishi Chemical Group Corporation, Paramount Chemical & Acid Corporation, Universal Mine Chem, Paras Enterprises and Madhu Hydrocolloids Pvt.
        NEW YORK, June 01, 2023 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the 2023 Hydroxypropyl Methyl Cellulose Global Market Report – https://www.reportlinker.com/p06464251/?utm_source= GNW Ltd . The global hydroxypropyl methylcellulose market is expected to grow from US$4.14 billion in 2022 to US$4.40 billion in 2023 at a compound annual growth rate (CAGR) of 6.3%. The Russia-Ukraine war is undermining the global economy’s chances of recovering from the Covid-19 pandemic, at least in the short term. The war between the two countries led to economic sanctions against many countries, soaring commodity prices and disruption of supply chains, leading to inflation of goods and services that affected many markets around the world. The hydroxypropyl methylcellulose market is expected to reach US$5.5 billion by 2027, growing at a CAGR of 5.7%. The hypromellose market consists of sales of hypromellose 2208 (chemical or grade K) and hypromellose 2910 (chemical or grade E). The value of this market is the “factory gate” value, which is the value of goods sold by the manufacturer or creator of goods to other organizations (including manufacturers, wholesalers, distributors and retailers) or directly to the end consumer. The market for the value of a product here includes related services sold by the creator of the product. Hydroxypropyl methylcellulose is a type of cellulose ether in which one or more of the three hydroxyl groups on the cellulose ring are replaced by other hydroxyl groups. It is odorless and tasteless, white to slightly off-white in color, and has a fibrous or granular characteristic. . . Due to its hydrophilicity, biodegradability and biocompatibility, it is widely used in drug delivery, dyes and dyes, cosmetics, adhesives, coatings, agriculture and textiles. Asia Pacific is the largest region in the hydroxypropyl methylcellulose market in 2022. It is expected to be the fastest growing region during the forecast period. The regions covered in the Hydroxypropyl Methyl Cellulose market report are Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East & Africa. Main Types of Hydroxypropyl Methyl Cellulose Methyl cellulose is pharmaceutical and industrial grade. Pharmaceutical grade products are materials that have been approved by the FDA for use in human or animal food and meet stringent purity requirements. The different sales channels are direct sales and indirect sales, which are used in various industries such as construction, pharmaceuticals (including cosmetics) and food processing. Increasing spending in the pharmaceutical industry is expected to fuel the future growth of the hydroxypropyl methylcellulose market. Industry refers to those engaged in the discovery, development and production of pharmaceuticals and pharmaceutical products that benefit the health and well-being of society. Hydroxypropyl methylcellulose is used in the pharmaceutical industry to treat dryness and irritability caused by the production and reduction of tearing. Helps prevent eye damage. For example, in July 2021, the Australian government spent $13.9 billion on repatriated medicines across all Pharmaceutical Benefits Schemes (PBS) in 2020-21, according to the Australian Institute of Health and Welfare, Australia’s national information and statistics agency. ) Medicines, expenditure increased by 8.4% compared to 2019-20. Thus, rising expenditure in the pharmaceutical industry is driving the growth of the hydroxypropyl methylcellulose market. Innovative products have become a major trend gaining popularity in the hydroxypropyl methylcellulose market. Major companies in the hydroxypropyl methylcellulose market are developing innovative products to achieve the growth of the hydroxypropyl methylcellulose market. For example, in May 2021, German specialty chemicals company Evonik Industries AG released EUDRACAP, ready-to-use hydroxypropyl methylcellulose capsules to optimize the release profile of oral drugs. HPMC (Hydroxypropyl Methylcellulose) coated capsules are particularly suitable for protecting delicate active pharmaceutical ingredients from stomach acid and moisture, ensuring efficient release of active ingredients and on fully automatic machines during active ingredient filling or production. , which supports the development and marketing of complex oral pharmaceuticals using purified ingredients, including biologics. The growth of the construction industry is expected to drive the growth of the hydroxypropyl methylcellulose market. Construction refers to the acquisition and design of structures that modify, construct, renovate, plan any private or public building and involves the assembly and installation of structures using various engineering technologies to create better buildings and infrastructure. Hydroxypropyl methylcellulose is used in the construction industry as a water retaining agent and retarder in cement mortars to make the mortar pumpable and also prevent the mortar from cracking due to drying too quickly after application and improve its strength in construction. For example, in September 2021, Oxford Economics in the US, a leader in global economic forecasting and econometric analysis, predicted that global construction industry output would increase by 42%, or US$4.5 trillion, from 2020 to 2030. The reason is that population growth and urbanization in emerging economies have stimulated demand for infrastructure and housing construction. Hence, the growth of the construction industry is driving the growth of the hydroxypropyl methylcellulose market. The hydroxypropyl methylcellulose market report covers Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and US. Market value refers to the income (in US dollars) that a company generates from the sale of goods and/or services in a particular market and region through sales, grants or donations, unless otherwise noted. Revenue for a given geographic area is use value, that is, the income received by organizations in a given geographic area in the market, regardless of where it is generated. It does not include revenue from resale through the supply chain, whether further sales through the supply chain or as part of other products. The Hydroxypropyl Methylcellulose Market Research Report is one of a series of new reports that provides hydroxypropyl methylcellulose market statistics, including global hydroxypropyl methylcellulose industry market size, regional shares, hydroxypropyl methylcellulose competitors in hydroxypropyl methylcellulose market share, detailed information on hydroxypropyl methylcellulose. Pulp market segments, market trends and opportunities, and any additional data you may need to succeed in the hydroxypropyl methylcellulose industry. This Hydroxypropyl Methyl Cellulose Market research report provides complete insight into everything you need and provides in-depth analysis of the current and future development of the industry. Read the full report: https://www.reportlinker.com/p06464251/?utm_source =GNWAbout ReportlinkerReportLinker is an award-winning market research solution. 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