Market Overview:
The global isopropyl myristate market is expected to reach USD 1.5 billion by 2030, registering a CAGR of 5.1% during the forecast period 2018-2030. Isopropyl myristate is a colorless liquid with an oily feel and a slightly unpleasant odor. It has been used as an emollient, solvent, and fragrance fixative in cosmetics and personal care products for many years. It also finds application in pharmaceuticals and other industries. The growing demand for personal care & cosmetics products across the globe is driving the growth of the global isopropyl myristate market. Additionally, increasing use of this product in pharmaceuticals industry for manufacturing ointments, creams, lotions etc.
Product Definition:
Isopropyl myristate is a colorless, oily liquid that is used as an emollient and skin conditioner. It helps keep the skin soft and smooth.
Cosmetic Grade:
Cosmetic grade isopropyl myristate is a colorless and highly viscous liquid. It has the consistency of thick oil. It is usually sold in bottles of 100 ml capacity, however some manufacturers sell it in smaller quantities (500 ml or 1 litre) for commercial use. The product can also be found as a white waxy powder that looks similar to talc, which can be used as an alternative to cosmetic grade ISM if desired.
Industrial Grade:
Industrial grade isopropyl myristate is a colorless and highly viscous liquid. It has a strong odor similar to that of coconut oil. It is usually sold in the form of white crystalline powder, which upon analysis turns out to be mostly consist of Isopropyl Myristate (IPM). The product finds application in various industries including personal care, pharmaceuticals, nutraceuticals and cosmetics among others.
Application Insights:
The other application segment includes food and beverages, textile processing, wood preservation, metalworking fluids and lubricants. The global isopropyl myristate market in this segment accounted for over 40% of the overall demand in 2017. Growing awareness regarding personal hygiene coupled with increasing product usage for manufacturing soaps and detergents across various industries including food & beverage is expected to drive the demand over the forecast period.
Isopropyl myristate has a significant impact on several processes such as emulsion polymerization which helps enhance properties of polymers used in paints & coatings industry. It also finds applications as an additive to improve stability & solubility of adhesives used in construction materials such as flooring foams where it acts as a binder agent along with phenolic resins or acrylics offering good resistance against water wash-out during cement hydration process.
Regional Analysis:
Asia Pacific is expected to be the largest as well as the fastest-growing regional market over the forecast period. The growth can be attributed to increasing product demand in personal care and cosmetics applications. Increasing consumer spending on beauty products in countries such as China, India, South Korea, and Japan has been fueling industry growth. Growing production of myristic acid from coconut oil coupled with increasing demand for cosmetic products due to rising population will further drive this regional market over the next eight years.
Europe accounted for a significant share of global isopropyl myristate market owing to high product consumption in pharmaceutical applications across several countries including Germany, France, Italy among others.
North America also held a considerable share of global revenue due its growing use in manufacturing paints & coatings.
Growth Factors:
- Increasing demand from personal care and cosmetics industry
- Rising awareness about the benefits of isopropyl myristate in skin care products
- Growing use of isopropyl myristate in hair care products
- Rising demand for natural and organic skin care products
- Increasing popularity of aromatherapy
Scope Of The Report
Report Attributes
Report Details
Report Title
Isopropyl Myristate Market Research Report
By Type
Cosmetic Grade, Industrial Grade
By Application
Personal Care & Cosmetics, Pharmaceuticals, Other
By Companies
BASF, Akzo Nobel, Kunshan Huaxin Daily Chemicals, NanJing DongDe Chemicals, Shaanxi Top Pharm Chemical, Zhejiang Wumei Biotechnology
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
174
Number of Tables & Figures
122
Customization Available
Yes, the report can be customized as per your need.
Global Isopropyl Myristate Market Report Segments:
The global Isopropyl Myristate market is segmented on the basis of:
Types
Cosmetic Grade, Industrial Grade
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Personal Care & Cosmetics, Pharmaceuticals, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- BASF
- Akzo Nobel
- Kunshan Huaxin Daily Chemicals
- NanJing DongDe Chemicals
- Shaanxi Top Pharm Chemical
- Zhejiang Wumei Biotechnology
Highlights of The Isopropyl Myristate Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Cosmetic Grade
- Industrial Grade
- By Application:
- Personal Care & Cosmetics
- Pharmaceuticals
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Isopropyl Myristate Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Isopropyl myristate is a synthetic oil that is used as a lubricant and emulsifier. It has a high melting point, making it useful for applications where extreme temperatures are not tolerated, such as in engine oils.
Some of the major players in the isopropyl myristate market are BASF, Akzo Nobel, Kunshan Huaxin Daily Chemicals, NanJing DongDe Chemicals, Shaanxi Top Pharm Chemical, Zhejiang Wumei Biotechnology.
The isopropyl myristate market is expected to register a CAGR of 5.1%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Isopropyl Myristate Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Isopropyl Myristate Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Isopropyl Myristate Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Isopropyl Myristate Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Isopropyl Myristate Market Size & Forecast, 2020-2028
4.5.1 Isopropyl Myristate Market Size and Y-o-Y Growth
4.5.2 Isopropyl Myristate Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Cosmetic Grade
5.2.2 Industrial Grade
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Personal Care & Cosmetics
6.2.2 Pharmaceuticals
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Isopropyl Myristate Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Isopropyl Myristate Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Cosmetic Grade
9.6.2 Industrial Grade
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Personal Care & Cosmetics
9.10.2 Pharmaceuticals
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Cosmetic Grade
10.6.2 Industrial Grade
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Personal Care & Cosmetics
10.10.2 Pharmaceuticals
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Cosmetic Grade
11.6.2 Industrial Grade
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Personal Care & Cosmetics
11.10.2 Pharmaceuticals
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Cosmetic Grade
12.6.2 Industrial Grade
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Personal Care & Cosmetics
12.10.2 Pharmaceuticals
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Cosmetic Grade
13.6.2 Industrial Grade
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Personal Care & Cosmetics
13.10.2 Pharmaceuticals
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Isopropyl Myristate Market: Competitive Dashboard
14.2 Global Isopropyl Myristate Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BASF
14.3.2 Akzo Nobel
14.3.3 Kunshan Huaxin Daily Chemicals
14.3.4 NanJing DongDe Chemicals
14.3.5 Shaanxi Top Pharm Chemical
14.3.6 Zhejiang Wumei Biotechnology
