According to IMARC Group latest report titled” GCC Hydroxypropyl Methylcellulose (HPMC) Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the market is currently witnessing strong growth. The GCC Hydroxypropyl Methylcellulose (HPMC) Market to exhibit moderate growth during the next five years.
Hydroxypropyl methylcellulose (HPMC) is a light-colored, tasteless, odorless powder obtained from the synthetic modification of alkali cellulose. It has a low ash content, good film-forming performance, salt tolerance, water retention, thickening capability, and enzyme resistance. On account of these properties, HPMC is widely utilized in the construction, pharmaceutical, cosmetics, ceramics and food industries.
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The GCC HPMC market is being majorly driven by its increasing demand as a substitute for animal-derived products among vegan consumers. Furthermore, the growing preference for ready-to-eat (RTE) consumables in the region is contributing to the market growth. HPMC aids in reducing the fat content and acts as an emulsifier, stabilizer and thickener in various food products. Additionally, the growing preference for biocompatible and biodegradable polymers over traditional polymers is providing a boost to the market growth. Moreover, the widespread adoption of HPMC in the pharmaceutical industry as a binder in tablet formulations is anticipated to drive the market growth across the region.
GCC Hydroxypropyl Methylcellulose (HPMC) Market Segmentation:
Our report has categorized the market based on Country and End Use.
Market Breakup by End Use:
- Pharmaceuticals (Including Cosmetics)
- Food Industry
Market Breakup by Country:
- Saudi Arabia
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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