Middle East & Africa Hydroxypropyl Methylcellulose Market Size & Outlook
Middle East & Africa hydroxypropyl methylcellulose market, 2018-2030 (US$M)
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MEA hydroxypropyl methylcellulose market highlights
- The MEA hydroxypropyl methylcellulose market generated a revenue of USD 201.1 million in 2021.
- The market is expected to grow at a CAGR of 4.8% 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, Saudi Arabia is expected to register the highest CAGR from 2022 to 2030.
MEA data book summary
| Market revenue in 2021 | USD 201.1 million |
| Market revenue in 2030 | USD 307.7 million |
| Growth rate | 4.8% (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, MEA region accounted for 10.8% 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.
Key Regions: U.S. , UK , Japan , Brazil , South Africa
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Hydroxypropyl Methylcellulose Market Scope
Hydroxypropyl Methylcellulose Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa 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 45% in 2021. Horizon Databook has segmented the Middle East & Africa hydroxypropyl methylcellulose market based on construction, pharmaceuticals, food, personal care & cosmetics 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.
According to the United Nations World Tourism Organization, approximately 87 million tourists visited the Middle East and North Africa in 2018. 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.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa hydroxypropyl methylcellulose market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa hydroxypropyl methylcellulose market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA hydroxypropyl methylcellulose market size, by country, 2018-2030 (US$M)
Middle East & Africa Hydroxypropyl Methylcellulose Market Outlook Share, 2021 & 2030 (US$M)
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