Isopropyl Palmitate Market Size & Share, by Type (Greater than or Equal to 95%, Greater than or Equal to 99%); Application (Cosmetics and Personal Care, Textile, Pharmaceutical, Rubber, and Plastic, Paint, and Ink); Source (Natural, Synthetic) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 5794
  • Published Date: Mar 04, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

Isopropyl Palmitate Market size is expected to reach USD 2 Billion by the end of 2036, growing at a CAGR of 5% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of isopropyl palmitate was USD 1 Billion. The reason behind the growth is impelled by the growing beauty & personal care industry across the globe. Globally, the average person's discretionary income has increased significantly in the last several years which has led to the rising spending in makeup and skincare products among women.

For instance, globally, the beauty and personal care industry is expected to expand by over 3% between 2024 and 2028, reaching a market size of around USD 735 billion by 2028.

The growing usage of antiperspirant sticks is believed to fuel the market growth. Antiperspirant sticks employ isopropyl palmitate as a physical stabilizer that fights odors, leaves a clean, fresh aroma behind, and diminishes perspiration.


Isopropyl Palmitate Market
Get more information on this report: Request Free Sample PDF

Isopropyl Palmitate Sector: Growth Drivers and Challenges

Growth Drivers

  • Rising Utilization in Pharmaceuticals - Isopropyl palmitate is employed as an excipient in topical medicinal formulations to help with the solubility and distribution of active components.
  • Growing Textile Industry- In the textile processing industry, isopropyl palmitate serves as a lubricant and wetting agent and is used in polymers, textile treatment products, and dyes.
  • Increasing Food and Beverage Sector- Often referred to as isopropyl hex decanoate, isopropyl palmitate is a premium food and flavoring component with exceptional purity, and is used as a preservative and food additive in a variety of food products to enhance flavor and texture.
  • Isopropyl Palmitate as an Adhesive- Cakes and tablets can also be compressed using isopropyl palmitate as an adhesive and was employed as a model enhancer to study drug release characteristics in pressure-sensitive adhesives.

Challenges

  • Side Effects of Isopropyl Palmitate - Use of isopropyl palmitate should only be done sparingly as high or excessive concentrations can be harmful owing to the ingredient's potent thickening qualities that keep the skin from breathing properly, which may cause breakouts, and result in dry, and flaky skin. Skin flare-ups could be brought on by isopropyl palmitate if it is used excessively, and might result in blackheads, and whiteheads, and may result in skin irritation with extended, also cause skin to become red, swollen, and is also considered hazardous to aquatic life and may have long-term negative consequences on the ecosystem. Moreover, isopropyl, butyl, phenyl, benzyl, and isopropyl palmitate have been outright banned in the EU owing to their comedogenic action, which can result in acne.
  • Stringent regulatory requirements associated with the safety of the product
  • Fluctuations in raw material prices such as palm oil can impact the overall cost of production and the profitability

Isopropyl Palmitate Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

~5%

Base Year Market Size (2023)

~ USD 1 Billion

Forecast Year Market Size (2036)

~ USD 2 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
Get more information on this report: Request Free Sample PDF

Isopropyl Palmitate Segmentation

Application (Cosmetics and Personal Care, Textile, Pharmaceutical, Rubber and Plastic, Paint and Ink)

The cosmetics and personal care segment is predicted to account for 35% share of the global isopropyl palmitate market in the coming years owing to its emollient, lubricating, and solubilizing properties. Isopropyl palmitate is a versatile ingredient that is used in moisturizers to hair care products to offer a range of that enhance product performance. It is an ester derived from isopropyl alcohol and palmitic acid, which makes it valuable in cosmetic formulations. One of the primary functions of isopropyl palmitate in cosmetics is its use as an essential ingredient in moisturizers, creams, lotions, and body oils, to soften and soothe the skin and improve the skin's overall texture. Isopropyl palmitate also serves as a lubricating agent in creams and lotions that improves the spread ability of products, aids in the even distribution of active ingredients, and facilitates smooth application without leaving a greasy residue. In addition to its emollient and lubricating properties, isopropyl palmitate acts as a solubilizing agent in the formulation of creams, lotions, serums, and other emulsion-based products, where compatibility and uniform dispersion of ingredients are essential for product shelf life.

Moreover, isopropyl palmitate finds applications in hair care products such as conditioners, hair serums, and styling products, where it helps condition and manage the hair, smoothing the cuticle, and aids in detangling, reducing frizz, and enhancing the appearance and feel of the hair.

Type (Greater than or Equal to 95%, Greater than or Equal to 99%)

The greater than or equal to 95% segment in the isopropyl palmitate market is set to garner a notable share shortly. One category is "Greater than or Equal to 95%," which describes products containing isopropyl palmitate with a purity level of 95% or more which are essentially colorless and odorless and can be used for cosmetic purposes, and can also be safe and effective action enhancers for transdermal drug delivery through the skin.

Our in-depth analysis of the global isopropyl palmitate market includes the following segments:

     Type

  • Greater than or Equal to 95%
  • Greater than or Equal to 99%

     Source

  • Natural
  •  Synthetic

      Application

  • Cosmetics and Personal Care
  • Textile
  • Pharmaceutical
  •  Rubber and Plastic
  • Paint and Ink

Want to customize this research report as per your requirements? Our research team will cover the information you require to help you take effective business decisions.

Customize this Report

Isopropyl Palmitate Industry- Regional Synopsis

APAC Market Forecast

Isopropyl palmitate market in Asia Pacific is predicted to account for the largest share of 40% by 2036 impelled by the growing production of chemicals. India has one of the biggest chemical industries in the world and has the potential to become one of the top locations in the world for chemical manufacturing. India's chemical sector is developing; it ranks sixth in the world for chemical imports and eleventh for chemical exports globally. For instance, India's chemical and petrochemical (CPC) sector is currently valued at over USD 175 billion, placing it in a prominent position on the global market. Besides this, one of the primary manufacturing sectors in China is the chemical industry, which is still larger than that of any other country. Moreover, the global income generated by the chemical industry was estimated to be around USD 5 trillion in 2022.

In addition, China boasts the largest textile sector globally, both in terms of total output and exports, which accounts for almost half of the world's production of apparel and textiles. For instance, China manufactured over 2 billion meters of apparel fabric in 2023. This may lead to a higher demand for isopropyl palmitate in the region.

North American Market Statistics

The North American isopropyl palmitate market is estimated to be the second largest, during the forecast timeframe led by the growing personal disposable income. As a result, more and more consumers are spending higher levels of disposable income on cosmetics and beauty products in the region, leading to a higher demand for isopropyl palmitate.

For instance, The United States' disposable personal income rose by more than 0.2% in December 2023 compared to the same month the previous year.

Research Nester
Isopropyl Palmitate Market Size
Get more information on this report: Request Free Sample PDF

Companies Dominating the Isopropyl Palmitate Landscape

top-features-companies
    • BASF
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Musim Mas
    • KLK OLEO
    • Wilmar International
    • OLEON Corporate
    • INOLEX
    • Guangzhou Zhonghai Chemical
    • Nikko Chemicals
    • Haiyan Fine Chemical Industry Co

In-the-news

In The News

  • BASF announced the launch of a range of new catalysts to increase the efficiency of isopropyl alcohol (IPA) production and has undergone testing and has been certified to create IPA. Furthermore, the company also announced the introduction of O4-204, a new catalyst for n-butane-based maleic anhydride production to emphasize dedication to offering effective and lasting solutions, and to assist clients in becoming more successful.
  • Nikko Chemicals introduced Nikkol Lecinol MFL with high levels of lysophosphatidic acid, to strengthen the skin's barrier function, and also to shield the skin from environmental stresses including air pollution.

Author Credits:  Smruti Ranjan, Rajrani Baghel


  • Report ID: 5794
  • Published Date: Mar 04, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The growing beauty & personal care industry across the globe and the growing usage of antiperspirant sticks are the major factors driving the market's growth.

The market size of Isopropyl Palmitate is anticipated to attain a CAGR of 5% over the forecast period, i.e., 2024-2036.

The major players in the market are Musim Mas, KLK OLEO, Wilmar International, Kao Corporation, OLEON Corporate, INOLEX, Guangzhou Zhonghai Chemical, Nikko Chemicals, Haiyan Fine Chemical Industry Co, and others.

The Cosmetics and Personal Care segment is anticipated to garner the largest market by the end of 2036 and display significant growth opportunities.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
Isopropyl Palmitate Market Report Scope
  GET A FREE SAMPLE

FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.

 Request Free Sample Copy

Have questions before ordering this report?

Inquiry Before Buying