Latin America Hydroxypropyl Cellulose Market Size & Outlook

The hydroxypropyl cellulose market in Latin America is expected to reach a projected revenue of US$ 73.7 million by 2030. A compound annual growth rate of 3.7% is expected of Latin America hydroxypropyl cellulose market from 2022 to 2030.
Revenue, 2021 (US$M)
$53.3
Forecast, 2030 (US$M)
$73.7
CAGR, 2022 - 2030
3.7%
Report Coverage
Latin America

Latin America hydroxypropyl cellulose market highlights

  • The Latin America hydroxypropyl cellulose market generated a revenue of USD 53.3 million in 2021.
  • The market is expected to grow at a CAGR of 3.7% from 2022 to 2030.
  • In terms of segment, water borne paints & coatings was the largest revenue generating application in 2021.
  • Pharmaceuticals is the most lucrative application segment registering the fastest growth during the forecast period.
  • Country-wise, Brazil is expected to register the highest CAGR from 2022 to 2030.


Latin America data book summary

Market revenue in 2021USD 53.3 million
Market revenue in 2030USD 73.7 million
Growth rate3.7% (CAGR from 2021 to 2030)
Largest segmentWater borne paints & coatings
Fastest growing segmentPharmaceuticals
Historical data covered2018 - 2020
Base year for estimation2021
Forecast period covered2022 - 2030
Quantitative unitsRevenue in USD million
Market segmentationBuilding Materials, Water Borne Paints & Coatings, Oil Fields, Personal Care & Cosmetics, Pharmaceuticals, Textiles, Food, Paper & Printing Inks
Key market players worldwideAkzo Nobel NV, CP Kelco, Daicel Corp, Dow Inc, Lamberti, Shin-Etsu Chemical Co Ltd, Air Liquide SA, Ashland Inc


Other key industry trends

  • In terms of revenue, Latin America region accounted for 6.6% of the global hydroxypropyl cellulose market in 2021.
  • Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
  • Asia Pacific is the fastest growing regional market and is projected to reach USD 729.0 million by 2030.

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Hydroxypropyl Cellulose Market Companies

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Latin America hydroxypropyl cellulose market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to hydroxypropyl cellulose market will help companies and investors design strategic landscapes.


Water borne paints & coatings was the largest segment with a revenue share of 25.89% in 2021. Horizon Databook has segmented the Latin America hydroxypropyl cellulose market based on building materials, water borne paints & coatings, oil fields, personal care & cosmetics, pharmaceuticals, textiles, food, paper & printing inks covering the revenue growth of each sub-segment from 2018 to 2030.


The Central & South American market is witnessing high demand for HPMC owing to rapid industrialization and growth of the end-use industries in developing economies. Countries such as Brazil and Argentina are witnessing high demand for HPMC due to increased product demand from the pharmaceutical, food & beverages, personal care, industrial, and construction sectors.

The region offers significant market opportunities due to stable economic growth and developed market. Brazil emerged as one of the largest markets for HPMC in terms of product penetration in the food & beverages and construction sectors.


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Target buyers of Latin America hydroxypropyl cellulose market databook

  • Our clientele includes a mix of hydroxypropyl cellulose market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America hydroxypropyl cellulose market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America hydroxypropyl cellulose market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Latin America hydroxypropyl cellulose market size, by country, 2018-2030 (US$M)

Latin America Hydroxypropyl Cellulose Market Outlook Share, 2021 & 2030 (US$M)

Latin America hydroxypropyl cellulose market size, by country, 2018-2030 (US$M)

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