The global Hydroxypropyl Cellulose (HPC) market was valued at USD 163.8 million in 2021. Revenue from L-Hydroxypropyl Cellulose is projected to grow at a compound annual growth rate (CAGR) of 5.6% from 2022 to 2032.

In North America, the Hydroxypropyl Cellulose market is anticipated to reach USD 106.7 million by 2032. This positive outlook is driven by the increasing demand for cleaner HPC capsules, which are replacing animal-based products, and the rising trend of veganism.

Additionally, the pharmaceutical industry's growing recognition of HPC's benefits contributes to market growth. HPC products are used in ophthalmic lubrication and as crucial emulsifying and thickening agents in ointments, lotions, and creams. The expanding construction projects in the United States further boost the market, as HPC's high water-retention capacity enhances mortar strength during setting.

The rising adoption of high-performance computing in drug discovery is also supporting the growth of HPC. Furthermore, HPC's popularity as a vegan alternative to gelatin in various baking and confectionery products is driving market expansion.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐚 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭:
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Country-wise Analysis

The United States holds a significant share in the hydroxypropyl cellulose market, driven by advancements in shale gas production, technological innovation, and increased oil exports. The surge in shale gas production and rising natural gas demand are expected to contribute to a substantial increase in hydroxypropyl cellulose demand.

As a result, the U.S. market for hydroxypropyl cellulose is projected to reach a valuation of USD 106.7 million by 2032. From 2022 to 2032, the market is anticipated to generate an absolute dollar opportunity of USD 43.5 million.

Category-wise Insights

In 2021, L-Hydroxypropyl Cellulose commanded the largest market share and is forecasted to grow at a CAGR of 5.9%. L-Hydroxypropyl Cellulose (L-HPC) is used in various formulations, including printable filaments, where it is combined with microcrystalline cellulose (MCC) in a 3:1 minimum order ratio for disintegrants.

Medical-grade hydroxypropyl cellulose (L-HPC) is specifically designed for pharmaceutical applications due to its antibacterial, antifungal, and moisture control properties. It is particularly suited for tableting and encapsulation and is commonly used as a disintegrant in pharmaceuticals.

In addition, L-Hydroxypropyl Cellulose enhances the shelf life and consistency of various food products, including dairy, meat, and beverages, owing to its anti-caking properties.

Read More: https://www.factmr.com/report/hydroxypropyl-cellulose-market

Competitive Analysis

The hydroxypropyl cellulose industry is dominated by a few major players, reflecting its partially consolidated nature. Key companies in the market include Ashland Global Holdings Inc., Sidley Chemical Co. Ltd., Nippon Soda Co., Ltd., Shin-Etsu Chemical Co., Ltd., and Shandong Head Europe BV.

Recent developments in the hydroxypropyl cellulose industry include:

October 2021: Rayonier Advanced Materials announced a price increase for all cellulose specialties products, ranging from 15% to 30%, depending on the grade. This adjustment aims to offset the impact of rising costs on its global supply network.
August 2021: Nouryon unveiled plans to establish a new production facility in Southeast Asia. This facility is designed to address the increasing demand for innovative materials in paints and coatings, with a 15–20 kiloton capacity limit for Nouryon's Bermocoll business, which supplies hydroxyethyl cellulose (HEC) and related products.
May 2021: Rayonier Advanced Materials revealed its investment in Anomera Inc., known for its Nxt-NR and CrystalAllur brands of cellulose nanocrystals. This investment is expected to support further innovation and expand Rayonier’s reach into new markets.
For more detailed updates on recent developments in the hydroxypropyl cellulose market, refer to the full report by Fact.MR.

𝐆𝐞𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐨𝐧 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 𝐟𝐨𝐫 𝐒𝐩𝐞𝐜𝐢𝐟𝐢𝐜 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬:
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Market Segments Covered in Hydroxypropyl Cellulose Industry Analysis

By Type :
L-Hydroxypropyl Cellulose
H-Hydroxypropyl Cellulose
By Application :
Oil Field Chemicals
Paints and Adhesives
Pharmaceuticals
Personal care & cosmetic
Food & beverage
Construction
Paper and Textile
Others
By Region :
North America
Europe
Asia Pacific
The Middle East and Africa
Latin America
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