Hydroxypropyl Starch Ether Market Landscape: Trends, Challenges, and Future Prospects Explored By 2024-2030
Hydroxypropyl Starch Ether Market
Overview:
The Hydroxypropyl Starch Ether market size was estimated at USD 189.9
million in 2022 and is projected to reach USD 238.9 million by 2030, exhibiting
a CAGR of 3.3%. This growth is driven by increasing demand from various end-use
industries, especially food, pharmaceuticals, and construction.
The market
is characterized by a fragmented landscape with regional players dominating
specific segments. However, major companies like Cargill, Ingredion, and Avebe
are expanding their global presence through acquisitions and partnerships.
Hydroxypropyl
starch ether (HPS) is a versatile, modified starch derivative finding widespread
applications across diverse industries like food, pharmaceuticals,
construction, and personal care. Its unique properties, including thickening,
film-forming, and water retention, make it a valuable ingredient with a
steadily growing market.
Hydroxypropyl Starch Ether Market
Segmentation:
By Grade: Food
Grade, Pharmaceutical Grade, and Industrial Grade
By End Use
Industry: Food & Beverage Industry, Pharmaceutical, Building &
Construction, Textile Industry, Paper Industry, Personal Care & Cosmetics,
and Others
By Region: North
America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Hydroxypropyl Starch Ether Market Key
Players:
SIDLEY
CHEMICAL CO. LTD.
ATAMAN KİMYA
MIKEM
TRC Inc
(subsidiary of LGC Standards)
Shandong
Charing Industry Co.bLtd.
KIMA
CHEMICAL CO. LTD.
SpecialChem
SLEOCHEM
Shandong
ETON New Material Co. Ltd.
Hydroxypropyl Starch Ether Market
Drivers:
Rising
demand for processed food: HPS is used as a thickener and stabilizer in various
food products, leading to increased hydroxypropyl starch ether market growth due to the growing popularity of
processed food.
Growing
pharmaceutical industry: HPS finds applications in drug delivery systems,
binders for tablets, and excipients, propelling the hydroxypropyl starch ether
market dynamics alongside the pharmaceutical industry's expansion.
Increasing
construction activities: HPS is used in building materials like mortars and gypsum
board adhesives, benefiting from the booming construction sector.
Shift
towards sustainable ingredients: HPS is a bio-based, biodegradable alternative
to synthetic polymers, aligning with the growing preference for sustainable
ingredients.
Hydroxypropyl Starch Ether Market
Regional Analysis:
Asia Pacific
is the largest HPS market, driven by the region's booming food and construction
industries.
North
America and Europe are mature markets with a focus on high-value applications
in pharmaceuticals and personal care.
Latin
America and the Middle East & Africa present promising growth potential due
to rising disposable income and increasing urbanization.
About CBI:
Consegic
Business Intelligence Pvt Ltd. is the leading research industry that offers
contextual and data-centric research services to its customers across the
globe. The firm assists its clients to strategize business policies and
accomplish sustainable growth in their respective market domains. The industry
provides consulting services, syndicated research reports, and customized
research reports.
Topnotch
research organizations and institutions to comprehend the regional and global
commercial status use the data produced by Consegic Business Intelligence Pvt
Ltd. Our reports comprise in-depth analytical and statistical analysis on
various industries in foremost countries around the globe.
Contact us:
Consegic Business intelligence Pvt Ltd.
Contact no: (US) (505) 715-4344
Comments
Post a Comment