According to IMARC Group latest report titled “GCC Hydroxypropyl Methylcellulose (HPMC) Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, offers a comprehensive analysis of the industry, which comprises insights on GCC Hydroxypropyl Methylcellulose (HPMC) market. The report also includes competitor and regional analysis, and contemporary advancements in the market. The market is currently witnessing strong growth. The GCC Hydroxypropyl Methylcellulose (HPMC) Market to witness moderate growth during 2021-2026.
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.
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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
Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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