Hydroxy propyl methyl cellulose (HPMC) is a non-ionic cellulose ether used in various industries including construction, coatings, and food. It features properties such as thickening, water retention, and binding, and is soluble in water and polar organic solvents. The production of HPMC involves refined cotton and sodium hydroxide, and its cost is significantly influenced by the price of raw materials, primarily refined cotton.