During the first half of 2023, the Asian Hydroxypropyl Methyl Cellulose market witnessed fluctuating prices, with stable downstream demands. Lower production costs were driven by decreased crude oil, energy prices, and freight charges, while excessive inventories met existing demands, leading to predominantly low prices in Q1. Some minor fluctuations occurred in Q2 as inventories were utilized. In Europe, Hydroxypropyl Methyl Cellulose prices mainly declined due to weak downstream demands and abundant inventory levels. Reduced feedstock costs further contributed to the downward trend. Similarly, the North American market experienced low prices, influenced by low production costs, subdued demands, and high inventories, resulting in overall poor market sentiments for Hydroxypropyl Methyl Cellulose.
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Definition
Hydroxypropyl Methyl Cellulose (HPMC) is a synthetic, water-soluble polymer derived from cellulose. It is commonly used in various industries, including construction, pharmaceuticals, and food, as a thickener, stabilizer, and emulsifier. HPMC improves the performance and characteristics of products, such as enhancing adhesive properties in construction materials, controlling drug release in pharmaceuticals, and providing texture and stability in food products.
Key Details About the Hydroxypropyl Methyl Cellulose Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Hydroxypropyl Methyl Cellulose in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Hydroxypropyl Methyl Cellulose Price chart, including India Hydroxypropyl Methyl Cellulose price, USA Hydroxypropyl Methyl Cellulose price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Hydroxypropyl Methyl Cellulose Price Trend:
Hydroxypropyl Methyl Cellulose (HPMC) finds essential industrial applications across various sectors. In the construction industry, it acts as a vital additive in cement-based products, enhancing workability, adhesion, and water retention. In pharmaceuticals, HPMC is used in tablet coatings and as a controlled-release agent in drug formulations. The food industry employs HPMC as a thickener, stabilizer, and emulsifier, improving texture and shelf life of food products. Its versatility and multifunctional properties make HPMC a valuable component in different industrial processes.
Key Players:
- The Dow Chemical Company
- LOTTE Fine Chemical Co.
- Ltd., SE Tylose GmbH & Co. KG
- Ashland Global Holdings Inc.
- Shandong Head Co., Ltd
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