Hydroxypropyl Starch Ether Market is Increase With a Healthy CAGR of 3.9% By 2023-2030

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:




TRC Inc (subsidiary of LGC Standards)

Shandong Charing Industry Co.bLtd.




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.

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March 20, 2024

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