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Global Hydroxypropyl Starch Ether Market growing at a CAGR of 3.9% from 2023 to 2030

Category : Materials And Chemicals | Published Date : May 2023

Key Market Overview

The hydroxypropyl starch ether market is expected to gain significant growth in the forecast period of 2023 to 2030. Consegic Business Intelligence analyzes that the market was 415.84 million in 2022 and is expected to reach the market size of USD 562.89 million in 2030 with a compound annual growth rate of 3.9%.

The report highlights the increasing adoption of hydroxypropyl starch ether in food & beverages industry that is proliferating the global market growth. Consegic Business Intelligence study also provides insights into the market's competitive landscape, market segmentation, regional outlook, and emerging technologies in the hydroxypropyl starch ether market.

Global Hydroxypropyl Starch Ether Market By Overview

Global Hydroxypropyl Starch Ether Market

The hydroxypropyl starch ether market is bifurcated into grade and end use industry. Based on grade the market is segmented into food grade, pharmaceutical grade, and industrial grade. In 2022, the industrial grade segment dominated in the overall hydroxypropyl starch ether market. The end use industry segment is categorized into food & beverage industry, pharmaceutical, building & construction, textile industry, paper industry, personal care & cosmetics, and others. In 2022, the building & construction segment accounted for the highest market share in the hydroxypropyl starch ether market.

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Market Dynamics

Driver:

 

  • Increasing demand for hydroxypropyl starch ether in the food & beverages industry as a stabilizer, thickener, and binder is driving the market growth.
  • The rising construction activities across the globe are driving the hydroxypropyl starch ether market. This is due to the wide range of applications of starch ethers as binders in various kinds of plaster mortar and facing mortar along with numerous types of tiles and stone.

 

Restraints:

  • Easy availability of alternatives for hydroxypropyl starch ether such as modified corn starch and modified potato starch is likely to hinder the market growth.

Market Segmentation:

Report Attributes Report Details
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

Competitive Landscape :

The market is dominated by certain major companies such SIDLEY CHEMICAL CO., LTD., ATAMAN KiMYA, MIKEM, and TRC Inc have a strong market position in current market circumstances. Further, the Hydroxypropyl Starch Ether market is expected to witness significant growth in coming years due to increasing demand for hydroxypropyl starch ether in the food & beverages industry. The market players compete for a firm market position through mergers and acquisitions, product innovations, and business strategies. Thus, evolving research and developments in hydroxypropyl starch ether are expected to help market players adopt innovative ways of product creation to cater to the growing needs of various end-use industries.

  • SIDLEY CHEMICAL CO. LTD.
  • ATAMAN KiMYA
  • MIKEM
  • TRC Inc. (subsidiary of LGC Standards)
  • Shandong Charing Industry Co. Ltd.
  • KIMA CHEMICAL CO. LTD.
  • SpecialChem
  • SLEOCHEM
  • Shandong ETON New Material Co. Ltd.