San Francisco, California, August 16, 2018: The growth prospects of the global market for hydroxypropyl starch ether from 2018 to 2028 have been studied in great details in a recent market research report by TMR Research. The report is titled “Hydroxypropyl Starch Ether Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018–2028.”
According to the report, the market has witnessed steady expansion in the past few years owing to the vast rise in usage of the compound in a number of industries including polymers, adhesives, mining, cosmetics, foods, synthetic detergents, organic paints, textiles, building material, papermaking, aerospace, and petroleum. The vast assortment of end-use sectors that consume hydroxypropyl starch ether play a decisive role in the development prospects of the market.
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Thus the steady expansion of most of these industries in the past few years has fared well for the global hydroxypropyl starch ether market as well. The thriving construction industry, especially, where the product is used as an important ingredient of wall putty powder in combination with other components, has allowed the market to expand at a promising pace and continues to drive the market.
Geographically, the markets for hydroxypropyl starch ether in North America, Japan, and Western Europe collectively account for a significant share in the overall market revenue. The burgeoning construction activities in these regions favor the increased usage of hydroxypropyl starch ether, thus driving the market. Moreover, rising investments from leading hydroxypropyl starch ether manufacturers in countries such as Italy, USA, U.K., Germany, and Spain continue to fare well for the hydroxypropyl starch ether in these regions.
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Over the report’s forecast period, the market in Asia Pacific is also expected to expand at a promising pace owing to the vast rise in new building construction projects so as to provide for the massive rise in population. The steady pace of expansion of the industrial sector also makes the market for hydroxypropyl starch ether promising.