Middle East & Africa Hydroxypropyl Cellulose Market Size & Outlook
Middle East & Africa hydroxypropyl cellulose market, 2018-2030 (US$M)
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MEA hydroxypropyl cellulose market highlights
- The MEA hydroxypropyl cellulose market generated a revenue of USD 76.8 million in 2021.
- The market is expected to grow at a CAGR of 4.2% 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, Saudi Arabia is expected to register the highest CAGR from 2022 to 2030.
MEA data book summary
| Market revenue in 2021 | USD 76.8 million |
| Market revenue in 2030 | USD 110.9 million |
| Growth rate | 4.2% (CAGR from 2021 to 2030) |
| Largest segment | Water borne paints & coatings |
| Fastest growing segment | Pharmaceuticals |
| Historical data covered | 2018 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Building Materials, Water Borne Paints & Coatings, Oil Fields, Personal Care & Cosmetics, Pharmaceuticals, Textiles, Food, Paper & Printing Inks |
| Key market players worldwide | Akzo 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, MEA region accounted for 9.4% 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.
Key Regions: U.S. , UK , Japan , Brazil , South Africa
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Hydroxypropyl Cellulose Market Scope
Hydroxypropyl Cellulose Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa 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 23.83% in 2021. Horizon Databook has segmented the Middle East & Africa 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.
HPMC market in the Middle East & Africa is growing owing to the high demand for HPMC for use in paints and coatings. In 2020, the market for paints and coatings in the Middle East & Africa was valued at USD 3.14 billion according to the American Coatings Association.
An increase in tourist activities and a surge in the number of restaurant and hotel construction projects in the region fuel the demand for paints and coatings, thereby leading to the growth of hydroxypropyl methylcellulose market in the Middle East & Africa.
The market for HPMC in the Middle East & Africa is projected to grow significantly in the coming years owing to an increase in the number of new planned luxury real estate projects in Qatar. According to the American Coatings Association, the region accounts for shares of approximately 7% and approximately 6% of the global coating consumption in terms of volume and value, respectively.
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Our clientele includes a mix of hydroxypropyl cellulose market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa hydroxypropyl cellulose market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa hydroxypropyl cellulose market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA hydroxypropyl cellulose market size, by country, 2018-2030 (US$M)
Middle East & Africa Hydroxypropyl Cellulose Market Outlook Share, 2021 & 2030 (US$M)
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