The Hydroxypropyl Methylcellulose Global Market Report 2023, provides comprehensive information on the hydroxypropyl methylcellulose market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Hydroxypropyl Methylcellulose Global Market Report 2023, the global hydroxypropyl methylcellulose market size is expected to grow from $4.14 billion in 2022 to $4.40 billion in 2023 at a compound annual growth rate (CAGR) of 6.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global hydroxypropyl methylcellulose market size is expected to reach $5.50 billion in 2027 at a CAGR of 5.7%.
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Product innovations have emerged as the key trend gaining popularity in the hydroxypropyl methylcellulose market. Major companies operating in the hydroxypropyl methylcellulose market are developing innovative products to strengthen their position in the market. For instance, in May 2021, Evonik Industries AG, a Germany-based specialty chemical company introduced EUDRACAP, a ready-to-use capsule made up of hydroxypropyl methylcellulose to optimize the release profile of oral drug products. The coated HPMC (hydroxypropyl methylcellulose) capsules are particularly well adapted to safeguard delicate active pharmaceutical ingredients against gastric acid and moisture for the effective release of active ingredients and operate without a hitch on fully automated machines at full speed during active ingredient filling or production. Additionally, it supports the development and marketing of sophisticated oral medications that employ delicate components, including biologicals.
The hydroxypropyl methylcellulose market is segmented:
1) By Product Types: Pharmaceutical Grade, Industrial Grade
2) By Sales Channel: Direct Sale, Indirect Sale
3) By End Use: Construction, Pharmaceuticals (Including Cosmetics), Food Industry, Others End Uses
Asia-Pacific was the largest region in the hydroxypropyl methylcellulose market in 2022.
The table of contents in TBRC’s hydroxypropyl methylcellulose market report includes:
1. Executive Summary
2. Hydroxypropyl Methylcellulose Market Characteristics
3. Hydroxypropyl Methylcellulose Market Trends And Strategies
4. Hydroxypropyl Methylcellulose Market – Macro Economic Scenario
5. Hydroxypropyl Methylcellulose Market Size And Growth
…
27. Hydroxypropyl Methylcellulose Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Hydroxypropyl Methylcellulose Market
29. Hydroxypropyl Methylcellulose Market Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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