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The ongoing advancements in HPMC applications, particularly in drug delivery systems, are projected to sustain demand. This growth trend could mean prices may not stabilize entirely, as suppliers may adapt to increased operational costs by adjusting their pricing strategies.

HPMC is a semi-synthetic polymer derived from cellulose. It's modified to enhance its properties and solubility in a variety of environments. The chemical structure of HPMC includes hydroxypropyl and methyl functional groups, which bestow it with unique characteristics such as film-forming ability, thickening, and gelling properties. Due to these features, HPMC is extensively used in pharmaceutical formulations for tablet coatings, controlled-release applications, and as a stabilizer in suspensions.

HEC cellulose is also gaining attention in the food industry, where it is used as a thickening agent and stabilizer in sauces, dressings, and ice creams. Its non-toxic nature and ability to improve texture make it an attractive ingredient for food manufacturers.

HEC is also used as a stabilizer and emulsifier in food products, such as salad dressings, sauces, and soups. It helps to blend oil and water-based ingredients together and prevent them from separating, creating a smooth and uniform texture. HEC can also be added to baked goods to improve their texture, volume, and shelf life.

Encapsulation, which is used for both medications and dietary supplements, is one of the most widely utilized processes by both pharmaceutical and nutraceutical companies worldwide. Two of the most popular types of empty capsules used by both industries are gelatin and HPMC (hydroxypropyl methylcellulose), which is more widely known as “vegetarian capsules.”Today the global demand for empty capsules is skyrocketing. According to the Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025 report, the world market, which was approximately $1.92 billion in 2018, is expected to grow to about $3.16 billion by 2025. This represents a compound annual growth rate of about 7.38%.

Market Overview