Los Angeles, January 14, 2020 - Hydroxypropyl cellulose (HPC) is incorporated in various pharmaceutical as it is water soluble and has organic solubility, to treat medical conditions. QY Research has recently published a report titled “Global Hydroxypropyl Cellulose (HPC) Market Professional Survey Report 2019” predicting the opportunities and growth that lie in the global market. According to the report, the global hydroxypropyl cellulose (HPC) was worth US$137.4 mn during 2018 and is expected to rise to US$208.5 mn by the end of 2025, registering a CAGR of 6.14% during the forecast period of 2019 to 2025.
Get PDF sample copy of the report at: https://www.qyresearch.com/sample-form/form/1419858/global-hydroxypropyl-cellulose-hpc-market
Treatment of Various Medical Conditions to Boost the Demand for Hydroxypropyl Cellulose (HPC) Market
Hydroxypropyl cellulose (HPC) is applied in various pharmaceutical applications by replacing cellulose as it can retain larger amount of water, stabilize components, and act as a thickening agent.
It acts as an excipient and stabilizes medication for longer period of time therefore, it is used to treat various ophthalmic diseases and irritation related to dry eyes and caused by lower production of tears. It also obliges to the demand of lubricants for artificial eyes. It also finds application as film former, coating agent, viscosity increasing agent, thickening agent, and tablet binder. It acts as an ophthalmic and excipient ingredient in pharmaceutical industry.
As gelatine is increasingly becoming unpopular due to its side effects on body, demand for hydroxypropyl cellulose in food industry is soaring as it acts as an alternative to food containing gelatine to increase its moisture retention, volume, stability, and elasticity. It also finds application in supplements.
Demand for Lubricant from Pharmaceutical Industry to Boost Hydroxypropyl Cellulose (HPC) Market Growth
Pharmaceutical segment is expected to rise in demand during the forecast period as hydroxypropyl cellulose (HPC) is commonly used by many pharma companies for manufacturing medicines and lubricants.
Improved Industry Investment to Boost Demand in Asia Pacific
Asia Pacific is expected to rise during the forecast period as a leading region because there is an increase of manufacturing base due to easy availability of resource and cheap labour. Economic development of various developing countries in this region as resulted in increased purchasing power. Rise in industrial investment in this region is another factor to boost the demand of Asia Pacific.
The key players operating in the global hydroxypropyl cellulose (HPC) market are Ashland, Nippon Soda, Shin-Etsu, Huzhou Zhanwang, Anhui Shanhe, Shandong Ehua, Tai'an Ruitai, Shandong Head.
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