Isopropyl Esters Market Research Report Information - by Application (Emollient, Flavoring Agent, Plasticizer, Solvent, Engine Fuel, and Others), by End Use Industry (Lubricant, Surfactant & Detergent, Food, Cosmetics and Personal Care, Pharmaceutical and Others) and by Region- Forecast till 2030

Isopropyl Esters Market Overview

Isopropyl Esters are manufactured by the reaction of methyl ester with isopropyl alcohol. Isopropyl Esters such as isopropyl myristate, isopropyl laurate, isopropyl palmitate, and isopropyl oleate are good skin penetrating agents, and are widely used as an emollient, moisturizer, and thickening agent in cosmetics & personal care industry. Isopropyl Esters are widely used in food and cosmetics due to characteristics such as non-toxicity and skin-friendly nature. They possess excellent cold flow properties which makes them suitable for usage in biodiesel. Isopropyl Ester is used as a solvent in medicine preparation and is extensively utilized in the pharmaceutical industry.

Increasing per capita disposable income coupled with rising awareness regarding personal grooming and appearance enhancement products is driving Isopropyl Esters Market growth. Increasing usage as a flavoring agent in food industry is anticipated to boost product demand. Rising packaged food consumption due to busy lifestyles and easy availability is set to compliment the market growth over the forecast period. Expansion of industrial sector in developing regions along with escalating investments in the mining and construction industry is driving demand for Isopropyl Esters. The product is extensively used as an emulsifier in various lubricants. 

List of Key Players in the Isopropyl Esters Market

The prominent players operating in the Isopropyl Ester Market include 

• BASF SE (Germany),


• 
  Sigma-Aldrich Co. LLC (U.S.),


• Procter & Gamble (U.S.),


• Oleon NV (Belgium),


• 
  Hangzhou Dayangchem Co. Limited (China),


• Alfa Aesar,


• Thermo Fisher Scientific (U.S),


• Musim Mas Holdings. (Singapore),


• Shodhana Laboratories Ltd (India)

Global Isopropyl Esters Market Share by End Use Industry (2016), (%):                                                                       

Globally, skin care products account for over 45% of overall cosmetics & personal care market. The increasing usage of Isopropyl Esters in skincare products such as lotions, moisturizers, and skin creams is expected to fuel market growth over the forecast period. The growth in consumption of sports & energy drinks and natural juices has propelled the usage of Isopropyl Esters in food processing industry.

Regional Analysis:

On the basis of region, Global Isopropyl Ester Market segmentation includes its current and estimated demand in Asia Pacific, Europe, Latin America, North America, and Middle East & Africa. Asia Pacific is set to witness exponential growth over the forecast period due to increasing demand from end-use industries such as lubricants, surfactant & detergent, food, and cosmetics & personal care. Rising per capita disposable income along with expansion of pharmaceutical sector specifically in Southeast Asian countries including Indonesia, Thailand, Malaysia, and Vietnam is anticipated to positively benefit product demand.

However, strict regulations regarding the quantity of Isopropyl Ester used in the preparation of cosmetics & personal care product may restrict the growth of Isopropyl Ester Market.

Increasing consciousness about health, widening application scope and relatively cheaper cosmetics & beauty care products are major drivers of isopropyl market in the emerging countries of Asia Pacific. Food processing segment is anticipated to witness above average growth over the next six years owing to Isopropyl Ester consumption as emulsifiers and stabilizers in various processed food.

Segmentation:

The Global Isopropyl Ester Market is segmented on the basis of application, end use industry and region. Based on the application, market is segmented into emollient, flavoring agent, plasticizer, solvent, engine fuel, and others. Based on the end use industry, the market is categorized into lubricant, surfactant & detergent, food, cosmetics & personal care, pharmaceutical and others. Based on region, this market is segmented into Asia Pacific, Europe, Latin America, North America, and Middle East & Africa.

Geographical Analysis:

The report covers brief analysis of geographical regions such as North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

Intended Audience:

• Isopropyl Ester manufacturers


• Traders and distributors of isopropyl ester


• Production process industries


• Potential investors


• Raw material suppliers


• Nationalized laboratory

Attribute/Metric	Details
Market Size	2030: Significant value
CAGR	Substantial CAGR (2022-2030)
Base Year	2021
Forecast Period	2022-2030
Historical Data	2019-2020
Forecast Units	Value (USD Million)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered	Application, End-Use Industry and Region
Geographies Covered	North America, Europe, Asia-Pacific, and Rest of the World (RoW)
Key Vendors	BASF SE (Germany), Procter & Gamble (U.S.), Oleon NV (Belgium), Sigma-Aldrich Co. LLC (U.S.), Hangzhou Dayangchem Co. Limited (China), Alfa Aesar, Thermo Fisher Scientific (U.S), Musim Mas Holdings. (Singapore), Shodhana Laboratories Ltd (India) and others.
Key Market Opportunities	Isopropyl Esters are widely used in food and cosmetics
Key Market Drivers	Increasing usage as a flavoring agent in food industry