Isopropyl Myristate Market Size is Estimated to be USD 168.76 Million by 2034; Increasing Consumer Preferences for Natural and Sustainable Products are Propelling the Market Growth

Isopropyl Myristate, an ester for isopropyl alcohol and myristic acid, is used in cosmetics, pharmaceuticals, and industrial applications. Its increasing demand for high-performance chemicals in personal care products and drug delivery systems has led to its use in lotions, creams, sunscreens, and conditioners. The rising demand from cosmetics and personal care, pharmaceutical, and textile industries, increasing consumer preferences for natural and sustainable products, the growing middle class in emerging market, increasing investments on research and development, and new innovations due to health and wellness trends are factors contributing in driving isopropyl myristate market growth.

Isopropyl Myristate Market Segmentation Analysis:

By Grade	Pharmaceutical Grade, Cosmetic Grade, and Industrial Grade
By Application	Emollient, Solvent, Lubricant, Plasticizer, and Other Applications
By End-Use Industry	Cosmetics & Personal Care, Pharmaceuticals, Food & Beverage, Chemical Industry, and Other Industries

Isopropyl Myristate Market Report Highlights:

• Isopropyl myristate market size accounted for USD 83.21 Million in 2024.
• Target market estimated to be USD 168.76 Million by 2034 and to register a CAGR of 7.32%.
• Based on grade, the pharmaceutical grade is dominating the isopropyl myristate market share.
• By application, the emollient segment is attributed to rule over the market.
• According to end user, the cosmetics & personal care segment is projected to lead the isopropyl myristate market.
• Geographically, North America is expected to lead the isopropyl myristate market during the forecast period.

Isopropyl Myristate Market Dynamics:

Growing Factor	Challenge Factor	Market Trend
Rising Demand For Isopropyl Myristate By Various Industries	Isopropyl Myristate Causes Skin Irritation And Rashes	Sourcing Isopropyl Myristate From Sustainable Practices

Isopropyl Myristate Market Key Highlights:

• In May 2022, BASF SE launched Kollicream IPM (isopropyl myristate), which was a clear, colourless, almost odourless oil of medium polarity. On account of its high spreading value, the product was suitable for the application in pharmaceutical skin care preparations such as low-fatting emulsions and skin oils. Kollicream IPM had a good solubilizing capacity for lipid-soluble active agents, it could serve as a dermatological carrier.

Isopropyl Myristate Market Report Analysis:

Incompatibilities of Isopropyl Myristate

When isopropyl myristate comes into contact with rubber, there is a drop in viscosity with concomitant swelling and partial dissolution of the rubber; contact with plastics, e.g. nylon and polyethylene, results in swelling. Isopropyl myristate is incompatible with hard paraffin, producing a granular mixture. It is also incompatible with strong oxidizing agents.

Browse ∼60 market data tables and ∼35 figures through ∼160 slides and in-depth TOC on “Isopropyl Myristate Market, Size, Share, By Grade (Pharmaceutical Grade, Cosmetic Grade, and Industrial Grade), Application (Emollient, Solvent, Lubricant, Plasticizer, and Other Applications), End-Use Industry (Cosmetics & Personal Care, Pharmaceuticals, Food & Beverage, Chemical Industry, and Other Industries), and Region - Trends, Analysis, and Forecast till 2034”

For more insights into the Isopropyl Myristate Market and its future trends, visit the link: https://www.prophecymarketinsights.com/market_insight/isopropyl-myristate-market-5579

Competitive Landscape of Isopropyl Myristate Market:

The key players operating the Isopropyl Myristate Market include BASF SE, Croda International Plc, Akzo Nobel N.V., Evonik Industries AG, Ashland Global Holdings Inc., KLK OLEO, Emery Oleochemicals, Vantage Specialty Chemicals, Stearinerie Dubois, Oleon NV, Sisco Research Laboratories Pvt. Ltd., Brenntag AG, Tokyo Chemical Industry Co., Ltd. (TCI), Esters and Solvents LLP, and Musim Mas Holdings Pte. Ltd.

Company Name	BASF SE
Headquarter	Ludwigshafen, Germany
CEO	Dr. Markus Kamieth
Employee Count (2024)	112,000 Employees