Isopropyl Palmitate Market Trends

  • Report ID: 5794
  • Published Date: May 09, 2024
  • Report Format: PDF, PPT

Isopropyl Palmitate Market Trends

Growth Drivers

  • Rising utilization in pharmaceuticals - Isopropyl palmitate is utilized as an excipient in topical medicinal formulations to offer assistance with the solvency and conveyance of active components.
  • Growing Adoption in the textile industry - In the textile processing industry, isopropyl palmitate serves as a grease and wetting agent and is utilized in polymers, textile treatment items, and dyes.
  • Increasing food and beverage sector - Often alluded to as isopropyl hexadecanoate, isopropyl palmitate is a premium nourishment and flavoring component with exceptional purity, and is used as a preservative and food additive in a assortment of food products to upgrade flavor and texture.
  • Isopropyl palmitate as an adhesive - Cakes and tablets can too be compressed utilizing 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)
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Author Credits:  Rajrani Baghel


  • Report ID: 5794
  • Published Date: May 09, 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.
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