Isopropyl Myristate Market is predicted to reach USD 0.16 billion at a CAGR of 8% during the forecast period 2023-2032

Market Research Future (MRFR) has published on the “Global Isopropyl Myristate Market”.

The Isopropyl Myristate market is estimated to register a CAGR of 8.00% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global Isopropyl Myristate market— Plc, BASF SE, KLK OLEO, IOI Oleochemicals, OLEON NV, Oleon GmbH, Kokyu Alcohol Kogyo Co., Ltd., Mosselman S.A., Berg + Schmidt GmbH & Co. KG and Jarchem Industries Inc.

Market Highlights

The global Isopropyl Myristate market is accounted to register a CAGR of 8.00% during the forecast period and is estimated to reach USD 0.16 billion by 2032.

The Isopropyl Myristate market is expanding due to its widespread use in cosmetics, pharmaceuticals, and personal care products. As a versatile ester, it serves as an emollient, thickening agent, and solubilizer, enhancing product texture and skin-feel. The cosmetic industry's constant innovation and demand for effective formulations contribute to the market growth. Additionally, Isopropyl Myristate's role in improving the absorption of active ingredients in skincare products further fuels its popularity, fostering its growth in diverse applications.

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Segment Analysis

The global Isopropyl Myristate market has been segmented based From, Application and End-User.

On the basis of form, the market is segmented into Liquid and Solid. The solid category has captured the largest market share in 2022, due to its versatility and ease of formulation in various cosmetic and personal care products.

Based on application, the global Isopropyl Myristate market has been segmented into High, Medium and Low. The high category has secured the largest market share in 2022, due to its widespread use in various cosmetic and personal care products.

Based on End-User, the global Isopropyl Myristate market has been segmented into Skincare Products, Haircare Products, Cosmetics, Pharmaceutical Formulations and Industrial Application. The Cosmetics category captured the largest market share in the Isopropyl Myristate (IPM) market in 2022, due to its versatile applications in cosmetic formulations.

Regional Analysis

The global Isopropyl Myristate market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Isopropyl Myristate market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Isopropyl Myristate market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Isopropyl Myristate market comprises of Middle East, Africa, and Latin America.

The largest market share for Isopropyl Myristate was maintained by the North American regional sector. North America has likely captured the largest market share in the Isopropyl Myristate (IPM) market due to a robust cosmetics and personal care industry. The region's high consumer demand for skincare and beauty products, coupled with a focus on innovative formulations, has propelled the extensive use of IPM. Additionally, the presence of key cosmetic manufacturers and a growing emphasis on sustainable and natural formulations aligns with IPM's versatility. These factors contribute to North America's dominance in IPM adoption and market share within the cosmetics and personal care sector

Moreover, the Europe market has been persistently growing over the forecast period. Europe has secured the second-largest market share in the Isopropyl Myristate (IPM) market due to a flourishing cosmetics and personal care industry. The region's commitment to skincare, coupled with a strong emphasis on quality formulations, has driven the widespread use of IPM. European consumers' preferences for high-performance cosmetic products align with IPM's versatile applications. Additionally, stringent regulatory standards in the European cosmetic industry contribute to the reliability of IPM formulations, further solidifying Europe's position as a key market for Isopropyl Myristate.

The Asia Pacific region is experiencing the highest Compound Annual Growth Rate (CAGR) in the Isopropyl Myristate Market due to several factors. Increased demand for personal care and cosmetic products, growing population, rising disposable income, and a booming cosmetics industry are driving the market growth. Additionally, the region's focus on skincare and beauty trends, coupled with expanding manufacturing capabilities, contributes to the escalating demand for Isopropyl Myristate in various applications, further fueling its market expansion at a significant pace.

Furthermore, the rest of the world's Isopropyl Myristate market is divided into the Middle East, Africa, and Latin America. The Isopropyl Myristate market is expanding globally due to its multifunctional properties in various industries. Increasing demand for cosmetics, pharmaceuticals, and personal care products, along with the formulation of innovative products, drives growth. As consumer awareness rises, manufacturers worldwide seek to capitalize on the compound's versatile applications, contributing to its market expansion.

Key Findings of the Study

• The global Isopropyl Myristate market is expected to reach USD 0.16 billion by 2032, at a CAGR of 8.00% during the forecast period.


• The Asia Pacific region is witnessing rapid growth in the Isopropyl Myristate market due to a surge in demand for personal care and cosmetic products. Increasing disposable income, changing lifestyles, and a growing population drive the market's expansion in the region.


• Based on form, the solid segment was attributed to holding the largest market in 2022, with an approximate market share of 60–65%.


• Plc, BASF SE, KLK OLEO, IOI Oleochemicals, OLEON NV, Oleon GmbH, Kokyu Alcohol Kogyo Co., Ltd., Mosselman S.A., Berg + Schmidt GmbH & Co. KG and Jarchem Industries Inc.