Hydroxypropyl Methylcellulose Market 2030: The Future of Construction Applications
Hydroxypropyl Methylcellulose Market Growth & Trends The global hydroxypropyl methylcellulose market size is expected to reach USD 2.85 billion by 2030, as per the new report by Grand View Research, Inc. It is expected to expand at a CAGR of 4.8% from 2022 to 2030. The market growth is majorly attributed to the rising demand for low-fat food among the young population and product penetration in food and cosmetics applications. Hydroxypropyl methylcellulose (HPMC) is a tasteless, odorless, non-toxic, and light-colored powder, which forms a colloid solution as dissolved in cold water. It finds applications in various fields, ranging from construction to ophthalmology. It is being increasingly utilized in preparing biocomposites on account of its excellent biodegradability and biocompatibility. The pharmaceuticals application segment held a considerable revenue share in 2021. The number of obese people worldwide is growing significantly due to the rising consumption of j...