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China Hydroxypropyl Cellulose market fell modestly in September 2024, down 0.6% compared to August. The Hydroxypropyl Cellulose industry still manages to ride out opposing demand forces from the pharmaceutical and building sectors, and producers reap the rewards of China being the world's largest producer and exporter.
Key Highlights
The Hydroxypropyl Cellulose sector revealed robust demand fundamentals during September, led largely by the development of the pharmaceutical sector. Chinax;s pharma business, one of the major consumers, posted x.xx year-on-year production volume growth, with higher generic and specialty drug manufacturing demanding high-quality Hydroxypropyl Cellulose for use in controlled-release formulations. Construction industry demand for the product continued to be strong, with tile adhesive and cement additive producers sustaining steady procurement levels. Food and personal care markets also provided steady consumption, especially in food thickeners and cosmetics.
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