Hydroxypropyl Cellulose Market

Global Hydroxypropyl Cellulose Market: Overview

Rising demand from various end-use industries such as food and beverage, textile, oil field chemicals, pharmaceutical, construction, personal care, paper, and adhesives is likely to propel growth of the global hydroxypropyl cellulose market over the forecast timeframe. This cellulose refers to the one that belongs to the ether class and is made by modification of chemicals. This chemical is utilized in the form of thickeners, stabilizers, and as viscosity agents.

End use, applications, and region are the three important parameters based on which the global hydroxypropyl cellulose market has been classified.

Global Hydroxypropyl Cellulose Market: Notable Developments

The global hydroxypropyl cellulose market is considered a highly concentrated market that is marked by competition based on differentiation of price.

Some of the prominent organizations in the global hydroxypropyl cellulose market comprise the below-mentioned:

• Shandong Liaocheng Pharmaceutical Ltd.
• The Dow Chemical Company
• Akzo Nobel N.V.
• Shandong Liaocheng Pharmaceutical Ltd.
• Daicel Corporation
• HuzhouMizuda Hope Bioscience Co. Ltd.

Global Hydroxypropyl Cellulose Market: Key Trends

The global hydroxypropyl cellulose market is characterized by the presence of the following restraints, drivers, and opportunities.

Demand to Ride on the Back of Surging Demand from Several End Use Sectors

Hydroxypropyl cellulose finds utilization in the processing of polyvinyl chloride (PVC), encapsulation, binders, molding, and printing inks, adhesives, plastic foams, aerosols, paper, and pharmaceuticals. Rising demand from industries like adhesives and plastics considerably add to the growth of the global hydroxypropyl cellulose market in the years to come.

In addition, rising demand for packaged food products is likely to augur well for the market as the product can be used as a food additive following its approval from US-based Food and Drug Administration.

Global Hydroxypropyl Cellulose Market: Geographical Analysis

Asia Pacific is projected to be one of the rapidly growing regions in the global hydroxypropyl cellulose market. The growth of the region is likely to be driven by the shifting of manufacturing base of several consumer goods and FMCG companies to Asia Pacific.