Asia Pacific Hydroxypropyl Methylcellulose Market Size & Outlook
Asia Pacific hydroxypropyl methylcellulose market, 2018-2030 (US$M)
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Asia Pacific hydroxypropyl methylcellulose market highlights
- The Asia Pacific hydroxypropyl methylcellulose market generated a revenue of USD 969.9 million in 2021.
- The market is expected to grow at a CAGR of 5.3% from 2022 to 2030.
- In terms of segment, construction 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, India is expected to register the highest CAGR from 2022 to 2030.
Asia Pacific data book summary
| Market revenue in 2021 | USD 969.9 million |
| Market revenue in 2030 | USD 1,540.9 million |
| Growth rate | 5.3% (CAGR from 2021 to 2030) |
| Largest segment | Construction |
| 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 | Construction, Pharmaceuticals, Food, Personal Care & Cosmetics |
| Key market players worldwide | Ashland Inc, Shin-Etsu Chemical Co Ltd, DuPont de Nemours Inc, CP Kelco, Chemcolloids, Zhejiang Haishen New Materials, Hebei Yibang Building Materials |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 51.8% of the global hydroxypropyl methylcellulose 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 1,540.9 million by 2030.
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Hydroxypropyl Methylcellulose Market Scope
Hydroxypropyl Methylcellulose Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific hydroxypropyl methylcellulose 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 methylcellulose market will help companies and investors design strategic landscapes.
Construction was the largest segment with a revenue share of 44.99% in 2021. Horizon Databook has segmented the Asia Pacific hydroxypropyl methylcellulose market based on construction, pharmaceuticals, food, personal care & cosmetics covering the revenue growth of each sub-segment from 2018 to 2030.
The increasing use of HPMC in the construction industry of Asia Pacific is fuelling the growth of HPMC market in the region. According to the European Federation of Chemical Engineering (EFCE), China and India accounted for a major share of the growth in the global construction industry in 2020.
According to international trade centre (ITC), China accounted for a share of 26.1% while India accounted for a share of 14.1% of this growth in 2020. Increasing efforts by the Government of India, including the Pradhan Mantri Awas Yojna, have led to a surge in infrastructure development and construction projects in the country.
According to the American Coatings Association, the construction industry of China was valued at USD 3.91 trillion in 2019. The demographics in the country are expected to continue driving the expansion of residential buildings.
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Our clientele includes a mix of hydroxypropyl methylcellulose market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific hydroxypropyl methylcellulose market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific hydroxypropyl methylcellulose market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific hydroxypropyl methylcellulose market size, by country, 2018-2030 (US$M)
Asia Pacific Hydroxypropyl Methylcellulose Market Outlook Share, 2021 & 2030 (US$M)
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