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 growth is driven by increasing demand from construction, pharmaceutical and food processing industries where HPS serves as an essential thickening, stabilizing and binding agent in various applications.
As industries shift toward biodegradable and sustainable additives, Hydroxypropyl Starch Ether has emerged as a preferred alternative to synthetic polymers. This analysis profiles the Top 10 Companies in the HPS Market that are leading technological advancements through specialized formulations and global supply chain expansion.
🔟 1. AGRANA Starch
Headquarters: Vienna, Austria
Key Offering: Food-grade and Pharmaceutical-grade HPS
AGRANA leads the European market with high-purity Hydroxypropyl Starch Ether solutions for food and pharmaceutical applications. The company’s products comply with strict EU and FDA standards for excipients and food additives.
Innovation Highlights:
- Advanced starch modification technologies
- GMP-certified production facilities
- Custom viscosity solutions for drug delivery systems
Download FREE Sample Report: Hydroxypropyl Starch Ether (HPS) Market – View in Detailed Research Report
9️⃣ 2. AVEBE
Headquarters: Veendam, Netherlands
Key Offering: Multi-grade HPS solutions
AVEBE specializes in potato-based starch derivatives with applications ranging from construction materials to extended-release pharmaceuticals. The company maintains a strong focus on sustainable production processes.
Innovation Highlights:
- Patented etherification technology
- Low-viscosity formulations for spray-drying
- Closed-loop production system
8️⃣ 3. EMSLAND Group
Headquarters: Emlichheim, Germany
Key Offering: Construction-grade HPS
EMSLAND has developed specialized HPS formulations that enhance performance in tile adhesives, plasters and cement-based products across European markets.
Innovation Highlights:
- High-substitution degree HPS
- Dust-free powder technology
- Quick-dissolving formulations
7️⃣ 4. Yiteng New Material
Headquarters: Shandong, China
Key Offering: Cost-competitive HPS variants
As a leading Chinese manufacturer, Yiteng supplies HPS primarily to domestic construction and textile industries while expanding its presence in international markets.
Innovation Highlights:
- Integrated production from raw starch
- High-capacity manufacturing
- Specialized wallpaper adhesive formulations
6️⃣ 5. Guangda Technological Development
Headquarters: Shandong, China
Key Offering: Industrial-grade HPS
Guangda focuses on high-performance HPS additives for dry-mix mortars and gypsum applications, with a strong emphasis on technical customer support and formulation expertise.
Innovation Highlights:
- Thermal stability enhancements
- Anti-sag formulations for vertical applications
- Fast hydration technology
Download FREE Sample Report: Hydroxypropyl Starch Ether (HPS) Market – View in Detailed Research Report
5️⃣ 6. Gomez Chemical
Headquarters: Jiangsu, China
Key Offering: Pharmaceutical-grade HPS
Gomez Chemical provides USP/NF compliant HPS for tablet manufacturing and controlled drug release systems, along with food texture modification applications.
Innovation Highlights:
- Direct compression formulations
- Strict endotoxin control standards
- Custom particle sizing options
4️⃣ 7. Kelaide Food Ingredients
Headquarters: Shandong, China
Key Offering: Food-grade specialty HPS
Kelaide specializes in clean-label starch derivatives for food applications including sauces, dairy products and baked goods requiring thickening and stabilization.
Innovation Highlights:
- Non-GMO certification
- Freeze-thaw stability improvements
- Clean-label solutions
3️⃣ 8. Haishen New Materials
Headquarters: Shandong, China
Key Offering: Construction-focused HPS
Haishen develops moisture-retention HPS products that significantly improve workability and final strength in various building materials.
Innovation Highlights:
- Extended working time formulations
- High-adhesion variants
- Sag-resistance technology
2️⃣ 9. JRS Pharma
Headquarters: Rosenberg, Germany
Key Offering: Pharmaceutical HPS (Vivastar® P)
JRS Pharma produces high-quality HPS that meets strict pharmacopeia requirements for use as a binder, disintegrant and film former in solid dosage forms.
Innovation Highlights:
- Low microbial count certification
- Batch-to-batch consistency
- Continuous manufacturing optimization
1️⃣ 10. Ingredion
Headquarters: Westchester, Illinois, USA
Key Offering: Multi-functional HPS solutions
Ingredion provides comprehensive HPS applications across industries, leveraging its global R&D network and technical expertise in modified starches.
Innovation Highlights:
- pH-stable formulations
- Personal care industry solutions
- Sourcing sustainability initiatives
Read Full Report: Hydroxypropyl Starch Ether (HPS) Market – View in Detailed Research Report
🌍 Market Outlook: Sustainable Growth Across Multiple Industries
The Hydroxypropyl Starch Ether market continues to expand globally, driven by its versatility and environmentally favorable properties compared to synthetic alternatives.
📈 Key Market Drivers:
- Construction sector growth in developing economies
- Pharmaceutical industry preference for plant-based excipients
- Food industry clean-label movement
- Regulatory support for biodegradable additives
🔍 Emerging Trends:
- Development of specialized HPS for injectable medications
- Hybrid HPS-cellulose ether formulations
- Automation in production quality control
- Expanding R&D investment in modified starches
The companies profiled represent the innovation leaders advancing the Hydroxypropyl Starch Ether market through technological developments, application expertise and sustainable production methods.
Read Full Report: Hydroxypropyl Starch Ether (HPS) Market – View in Detailed Research Report