The Global Hydroxypropyl Starch Ether (HPS) Market was valued at USD 149.80 Million in 2023 and is projected to reach USD 232.39 Million by 2032, growing at a Compound Annual Growth Rate (CAGR) of 5.00% during the forecast period (2024-2032). This expansion is fueled by increasing demand from the construction sector for high-performance additives and the pharmaceutical industry’s need for advanced excipients with superior binding properties.
As industries globally transition toward sustainable and multi-functional materials, HPS has emerged as a critical solution. In this analysis, we examine the Top 10 Companies in the Hydroxypropyl Starch Ether Industry—pioneers who are redefining material applications across construction, pharmaceuticals, and food technology.
🔟 1. AGRANA Beteiligungs-AG
Headquarters: Vienna, Austria
Key Offering: Pharmaceutical and Food-Grade HPS
AGRANA leads in carbohydrate processing, manufacturing premium hydroxypropyl starch ether solutions that meet stringent European pharmacopeia standards. Their products are extensively used as tablet binders and viscosity modifiers.
Production Capabilities:
- GMP-certified manufacturing facilities
- Specialized controlled-release formulations
- Sustainable potato and corn starch sourcing
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9️⃣ 2. AVEBE UA
Headquarters: Veendam, Netherlands
Key Offering: Etenia® Brand Construction-Grade HPS
AVEBE specializes in potato-based starch derivatives, delivering HPS solutions with exceptional thermal stability and viscosity control for construction applications.
Technical Advantages:
- Patented hydroxypropylation technology
- Precision particle size distribution
- Enhanced water retention capabilities
8️⃣ 3. EMSLAND-Stärke GmbH
Headquarters: Emlichheim, Germany
Key Offering: Pharma and Industrial Grade HPS
EMSLAND operates Europe’s most modern starch processing facilities, producing HPS with consistent molecular substitution for critical pharmaceutical applications.
Quality Standards:
- Pharma-grade purity certification
- Batch-to-batch consistency guarantee
- Dedicated R&D application center
7️⃣ 4. Shandong Yiteng New Material Co., Ltd.
Headquarters: Shandong, China
Key Offering: Construction and Tile Adhesive HPS
As China’s leading HPS manufacturer, Yiteng supplies cost-effective solutions for dry-mix mortars and specialized construction applications across Asia.
Market Position:
- 30,000 MT annual production capacity
- Rapid-dissolving formulations
- Tailored solutions for tropical climates
Download FREE Sample Report: Hydroxypropyl Starch Ether (HPS) Market – View in Detailed Research Report
6️⃣ 5. Guangxi Guangda Biotech Co., Ltd.
Headquarters: Guangxi, China
Key Offering: Industrial and Food-Grade HPS
Guangda specializes in cassava-based HPS products for both domestic Chinese consumption and export markets, particularly in Southeast Asia.
Product Features:
- Non-GMO certified raw materials
- Customizable viscosity profiles
- High-bulk density formulations
5️⃣ 6. Gomez Chemical Co., Ltd.
Headquarters: Seoul, South Korea
Key Offering: Cosmetic and Personal Care HPS
Gomez Chemical develops unique HPS formulations specifically engineered for personal care applications requiring superior skin feel and texture.
Specialty Applications:
- Ultra-fine powder variants (sub-100 micron)
- Enhanced oil-absorption formulations
- Improved emulsion stability
4️⃣ 7. Kelaide Food Co., Ltd.
Headquarters: Shandong, China
Key Offering: Food-Grade HPS
Kelaide focuses on food technology applications, supplying HPS for texture modification in confectionery, dairy, and processed foods.
Food Technology:
- Clean-label compliant formulations
- Instant cold-water solubility
- Improved mouthfeel characteristics
3️⃣ 8. Haishen New Materials Co., Ltd.
Headquarters: Shandong, China
Key Offering: High-Performance Construction HPS
Haishen develops specialized HPS solutions for demanding construction applications requiring extended workability and superior water retention.
Construction Solutions:
- High-viscosity formulations
- Enzyme-resistant technology
- Mortar performance enhancers
2️⃣ 9. Roquette Frères
Headquarters: Lestrem, France
Key Offering: Pharmaceutical-Grade HPS
Roquette provides premium HPS meeting strict pharmacopeial specifications for tablet binding and film coating applications.
Pharma Expertise:
- Controlled substitution degree variations
- Enhanced dissolution properties
- Regulatory documentation support
1️⃣ 10. Ingredion Incorporated
Headquarters: Westchester, Illinois, USA
Key Offering: Multi-Application HPS Solutions
Ingredion offers a comprehensive portfolio of HPS products supported by global technical expertise and application development resources.
Market Leadership:
- Custom formulation development
- Global regulatory compliance support
- Sustainable procurement initiatives
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🌍 Industry Perspective: The Expanding Horizon of HPS Applications
The hydroxypropyl starch ether market is undergoing significant transformation as new applications emerge across industries. With tightening environmental regulations and performance requirements, innovative material solutions are gaining traction.
📈 Key Market Development Factors:
- Growing preference for bio-based construction additives in sustainable building
- Pharmaceutical industry shift toward plant-derived excipients
- Advancements in modified starch production technologies
- Emerging applications in 3D printing materials
Strategic Developments in HPS Manufacturing
- Production expansion — Chinese manufacturers are significantly increasing capacity with new facilities coming online in 2025-2026.
- Application-specific innovation — Companies are investing in specialized formulations for niche pharmaceutical and construction applications.
- Sustainability commitments — Leading producers are implementing water recycling and energy efficiency programs in manufacturing.
- Regulatory alignment — Harmonization of HPS specifications across pharmaceutical markets is facilitating global trade expansion.
Get Full Report Here: Hydroxypropyl Starch Ether (HPS) Market – View in Detailed Research Report
The companies profiled represent the vanguard of hydroxypropyl starch ether technology, driving material science innovation across multiple industrial sectors.