What is Global Hydroxypropyl Cellulose (HPC) Market?
The Global Hydroxypropyl Cellulose (HPC) Market is a vast and complex field that encompasses a wide range of products and applications. Hydroxypropyl Cellulose (HPC) is a water-soluble cellulose ether derivative produced from cellulose, a natural polymer substance. It's a white or slightly yellowish, odorless, and tasteless powder. It's widely used in the pharmaceutical industry as an excipient due to its excellent characteristics such as non-toxicity, stable physicochemical properties, and good bio-adhesion. It's also used in the food industry as a thickener, emulsifier, and stabilizer.
L-HPC, H-HPC in the Global Hydroxypropyl Cellulose (HPC) Market:
The Global Hydroxypropyl Cellulose (HPC) Market is divided into two main types: Low Substituted Hydroxypropyl Cellulose (L-HPC) and High Substituted Hydroxypropyl Cellulose (H-HPC). L-HPC is a white or slightly yellowish powder that is used as a disintegrant in tablets and granules in the pharmaceutical industry. It's also used as a food additive due to its excellent water retention and non-stick properties. On the other hand, H-HPC is a non-ionic, water-soluble cellulose ether that is used as a thickener, protective colloid, binder, stabilizer, and suspending agent in various industries. It's also used in the pharmaceutical industry as a film coating and controlled-release agent.
Pharma, Food in the Global Hydroxypropyl Cellulose (HPC) Market:
The Global Hydroxypropyl Cellulose (HPC) Market plays a crucial role in the pharmaceutical and food industries. In the pharmaceutical industry, HPC is used as an excipient in tablet formulations. It helps in improving the physical characteristics of the tablet, such as its hardness, disintegration, and dissolution rate. It's also used as a film coating agent to improve the appearance, stability, and patient compliance of the tablets. In the food industry, HPC is used as a thickener, emulsifier, and stabilizer. It helps in improving the texture, consistency, and stability of various food products. It's also used in the production of low-calorie foods as it provides bulk and a creamy mouthfeel without adding calories.
Global Hydroxypropyl Cellulose (HPC) Market Outlook:
The Global Hydroxypropyl Cellulose (HPC) Market has shown significant growth in recent years. According to a recent market report, the global HPC market was valued at US$ 164.1 million in 2022. The market is expected to grow at a Compound Annual Growth Rate (CAGR) of 6.1% from 2023 to 2029, reaching an estimated value of US$ 249.6 million by the end of the forecast period. This growth can be attributed to the increasing demand for HPC in various industries, especially the pharmaceutical and food industries. The market's growth is also driven by the rising awareness about the benefits of HPC, such as its non-toxicity, stable physicochemical properties, and good bio-adhesion.
| Report Metric | Details |
| Report Name | Hydroxypropyl Cellulose (HPC) Market |
| Accounted market size in 2022 | US$ 164.1 million |
| Forecasted market size in 2029 | US$ 249.6 million |
| CAGR | 6.1% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
|
| Segment by Application |
|
| Production by Region |
|
| Consumption by Region |
|
| By Company | Ashland, Nippon Soda, Shin-Etsu, Huzhou Zhanwang, Anhui Shanhe, Shandong Ehua, Tai’an Ruitai, Shandong Head |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
