Pharmaceutical Grade HPMC Market - Forecast(2021 - 2026)
Pharmaceutical Grade HPMC Market size is forecast to reach $2.25 billion by 2026 , after growing at a CAGR of 4.4% during 2021-2026. Hydroxypropyl Methylcellulose (HPMC) acts as a hydrophilic gel matrix material and bio-adhesion materials that are widely used in pharmaceutical applications like film-coatings , biological adhesives, and thickening agents. The rise in demand for halal & kosher certified capsules, especially in the Middle East is driving the market's demand, as these capsules coating and gelatin are based on fiber cellulose and not animal-based such as pork. The increasing trend towards using bio-based products to keep the environment green or eco-friendly is further expected to drive the growth of the market. Moreover, the rise in consumer awareness towards the negative effects of synthetic materials is pushing the demand for bioadhesives for medical use, which in turn fueling the Pharmaceutical Grade HPMC share globally. Request Sam...