What is Global Hydroxypropyl Starch Ether (HPS) Market?
The Global Hydroxypropyl Starch Ether (HPS) Market is a vast and dynamic sector that encompasses a wide range of applications and industries. Hydroxypropyl Starch Ether, also known as HPS, is a modified starch, a non-ionic starch ether derived from natural starch. It is widely used in various industries due to its excellent properties such as water retention, anti-adhesion, and biodegradability. The global market for HPS is continually evolving, with new applications and technologies emerging regularly. As of 2022, the market was valued at US$ 200.9 million, and it is projected to reach US$ 244.3 million by 2029. This growth is primarily driven by the increasing demand for HPS in various industries, including food, pharmaceuticals, and construction. However, the market's growth is also influenced by several other factors, including technological advancements, regulatory policies, and the economic environment.
Food Grade, Pharma Grade, Industrial Grade in the Global Hydroxypropyl Starch Ether (HPS) Market:
The Global Hydroxypropyl Starch Ether (HPS) Market is segmented based on the grade into Food Grade, Pharma Grade, and Industrial Grade. Each grade has its unique properties and applications. The Food Grade HPS is primarily used as a thickener, stabilizer, and emulsifier in various food products. It helps in improving the texture and consistency of the food products. The Pharma Grade HPS, on the other hand, is used in the pharmaceutical industry as a binder, disintegrant, and film-former in tablet formulations. It helps in enhancing the drug release profile and improving the stability of the pharmaceutical formulations. The Industrial Grade HPS is widely used in the construction industry as a water retention agent, thickener, and protective colloid. It helps in improving the workability and pumpability of the construction materials. Each grade has its unique market dynamics, influenced by factors such as demand and supply dynamics, technological advancements, and regulatory policies.
Food Industry, Pharma Industry, Construction Industry, Others in the Global Hydroxypropyl Starch Ether (HPS) Market:
The Global Hydroxypropyl Starch Ether (HPS) Market finds its applications in various industries including the Food Industry, Pharma Industry, Construction Industry, among others. In the Food Industry, HPS is used as a thickener, stabilizer, and emulsifier in various food products. It helps in improving the texture and consistency of the food products, thereby enhancing their overall quality and appeal. In the Pharma Industry, HPS is used as a binder, disintegrant, and film-former in tablet formulations. It helps in enhancing the drug release profile and improving the stability of the pharmaceutical formulations. In the Construction Industry, HPS is used as a water retention agent, thickener, and protective colloid. It helps in improving the workability and pumpability of the construction materials, thereby enhancing their overall performance and durability. Other industries where HPS is used include the textile industry, paper industry, and cosmetics industry.
Global Hydroxypropyl Starch Ether (HPS) Market Outlook:
The global Hydroxypropyl Starch Ether (HPS) market has shown significant growth over the years. As of 2022, the market was valued at US$ 200.9 million and is expected to reach US$ 244.3 million by 2029, growing at a CAGR of 2.8% during the forecast period of 2023-2029. AVEBE is currently the global leader in the HPS market, holding a 17% sales market share. The consumption of HPS is highest in Europe, accounting for about 37% of the global consumption. The Construction Industry is the largest consumer of HPS, accounting for nearly 82% of the total downstream consumption. This is primarily due to the excellent properties of HPS, such as water retention and anti-adhesion, which make it an ideal ingredient in construction materials.
| Report Metric | Details |
| Report Name | Hydroxypropyl Starch Ether (HPS) Market |
| Accounted market size in 2022 | US$ 200.9 million |
| Forecasted market size in 2029 | US$ 244.3 million |
| CAGR | 2.8% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Ingredion, AGRANA, AVEBE, EMSLAND, Yiteng New Material, YouFu Chemical, Guangda, Gomez Chemical, Kelaide |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
