Hydroxypropyl methylcellulose (HPMC), or hypromellose, is a semisynthetic, viscoelastic polymer used for controlled drug delivery and as an excipient in the pharmaceutical industry. It also serves as a thickening agent, emulsifier, and stabilizing agent in various industries, including paints, construction, and personal care. HPMC is a substitute for animal gelatin and is used as a food additive in the food and beverage industry.
The global Hydroxypropyl Methylcellulose (HPMC) Market was valued at $3,851 million in 2018 and is expected to grow at a CAGR of 11.8% during the forecast period (2019–2027) due to factors such as increasing demand for low-fat foods and pharmaceutical products. HPMC is used in the pharmaceutical industry for ophthalmology, where it acts as a lubricant and reduces eye irritation. It is also used in the food and beverage industry as a thickener, emulsifier, and stabilizing agent. However, government regulations on the use of HPMC in the food and beverage industry may restrain market growth.
Major Players in the Hydroxypropyl Methylcellulose Industry:
Ashland Inc.
Ashland Inc. was established in 1924 and is headquartered in Wilmington, Delaware, United States. It operates in more than 100 countries and is engaged in various industries, including pharmaceuticals, personal care, architectural coatings, construction, energy, food, beverage, and nutraceuticals. In 2022, Ashland introduced Klucel™ xtend hydroxypropyl cellulose (HPC) controlled release matrix former, designed to deliver unsurpassed process versatility and release profile efficiency.