Transparency Market Research Reports included a detailed market survey and analysis trends on “Hydroxypropyl Cellulose Market”. This report also includes more info about basic overview of the industry including definitions, applications and global market industry structure.Hydroxypropyl cellulose is cellulose ether with high solubility in water and organic solvents. Solubility properties of hydroxypropyl cellulose are dependent on the temperature and hydroxypropyl cellulose doesn’t dissolve in water if the temperature is above 45 degree Celsius. Hydroxypropyl cellulose is typically manufactured by reaction of alkali cellulose with propylene oxide. Propylene dioxide is substituted on cellulose by an ether linkage. Hydroxypropyl cellulose is produced in different grades as per the end user industry. Grades primarily differ on the desired viscosity of hydroxypropyl cellulose. Stability of hydroxypropyl cellulose is dependent on the storage conditions and molecular weight of polymer.
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Hydroxypropyl cellulose has easy solubility in organic solvents and possesses thermoplastic properties. Therefore, hydroxypropyl cellulose is used for several applications including thickener, stabilizer, foaming, binder and oxygen barrier solvent among several others. Major end user industries for hydroxypropyl cellulose include adhesives, aerosols, personal care, paint removers and pharmaceuticals among several others. Pharmaceutical is the largest application segment for hydroxypropyl cellulose and the trend is anticipated to continue during the forecast period.
Hydroxypropyl cellulose is extensively used in production of PVC (Poly Vinyl Chloride) as a disperser to enhance its granular distribution, adsorptive and plasticizing properties. Therefore increasing demand for PVC is among major factors driving demand for hydroxypropyl cellulose. High growth in pharmaceutical industry mainly in the developing and emerging economies has been a major factor fuelling demand for hydroxypropyl cellulose and the trend is anticipated to continue during the forecast period.
Hydroxypropyl cellulose is used for preservation of food and beverages among others.
Therefore increasing demand for packaged food is also among major growth drivers for hydroxypropyl cellulose market. Moreover, demand for hydroxypropyl cellulose for paper packaging and other coating applications such as metal are anticipated to offer huge growth opportunity for hydroxypropyl cellulose market.
North America followed by Europe has been dominating the global demand for hydroxypropyl cellulose. However owing to market saturation in several end user industries, demand for hydroxypropyl cellulose in North America and Europe is anticipated to grow at a sluggish rate during the forecast period. Asia Pacific is expected to be the fastest growing region for hydroxypropyl cellulose market. Huge population and high GDP growth rate in the emerging economies of India and China are among major factors driving growth for hydroxypropyl cellulose market in Asia Pacific. Moreover high industrial investment and increasing disposable income of people in the region has led to high growth in several end user industries such as personal care and pharmaceuticals among others. Therefore, Asia Pacific is anticipated to be the fastest growing region for hydroxypropyl cellulose market for a foreseeable future. Demand from developing economies in South America and Africa are anticipated to offer huge growth opportunity for hydroxypropyl cellulose market.
Hydroxypropyl cellulose market is highly concentrated and dominated by few global players that constitute major portion of the global market share. The market is characterized by high degree of competition and major players compete on price differentiation. Moreover, different grade of hydroxypropyl cellulose is employed for different end user industry therefore; there is high degree of customization required for market growth. Major players in the hydroxypropyl cellulose market include The Dow Chemicals Company, Shin Etsu Chemical Co. Ltd, Ashland Speciality Chemicals, Changsha Goomoo Chemical Technology Co., Ltd, Alfa Aesar, Barrington Nutritionals and E.T. Horn Company among others.
This research report analyzes this market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Rest of the World
This report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.
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