Isopropyl Myristate Market
Report ID: SQMIG15E2839
Report ID: SQMIG15E2839
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Report ID:
SQMIG15E2839 |
Region:
Global |
Published Date: December, 2025
Pages:
190
|Tables:
91
|Figures:
71
Global Isopropyl Myristate Market size was valued at USD 1.26 Billion in 2024 and is poised to grow from USD 1.33 Billion in 2025 to USD 1.99 Billion by 2033, growing at a CAGR of 5.2% during the forecast period (2026–2033).
The global isopropyl myristate market (IPM)has seen sustainable growth. IPM is a multifunctional ingredient used as an emollient, thickener, and lubricant in the cosmetics and personal care market. One of the most valuable attributes of IPM is its ability to reduce the oily feel when mixed with high-oil products, making lotions and creams feel light, not oily. The saturated growth of the beauty industry globally; skincare, haircare, and decorative cosmetics is the biggest driver of market growth.
However, the global isopropyl myristate market analysis has some red flags. One key restraint will be the growing consumer trends toward "natural" and "clean" beauty products. In this regard, IPM is a synthetic ester product and is competing with natural emollients, such as squalane, jojoba oil, etc. The queries surrounding IPM in terms of comedogenicity (blocking skin pores) are also a challenge to the property. IPM's use in creams and commercialized skincare products for acne-prone skin.
How Are Bio-Based Feedstocks and AI-Driven Formulation Shaping the Isopropyl Myristate Market?
The global isopropyl myristate market trends are increasingly being affected by sustainable, bio-based feedstocks and the use of artificial intelligence (AI) in the cosmetic formulation. To satisfy sustainability, manufacturers are using myristic acid from certifies sustainable plant-based oils. In the formulation, AI platforms can predict sensory feel and stability of cosmetic emulsions. This offers formulators the ability to optimize their level of isopropyl myristate market and advance desired skin feel using minimum level of isopropyl myristate market.
In early 2025, a major chemical company, BASF, declared that their entire portfolio of isopropyl esters including IPM will now be available with that of a certified sustainable palm oil (RSPO) supply chain option. This allows raw material supply management for cosmetic brands in a way that will allow them to meet their corporate sustainability commitments and consumer demand for responsibly sourced ingredients.
Market snapshot - 2026-2033
Global Market Size
USD 1.2 billion
Largest Segment
Cosmetic Grade
Fastest Growth
Pharmaceutical Grade
Growth Rate
5.2% CAGR
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Global Isopropyl Myristate Market is segmented by Grade, Function, Application and region. Based on Grade, the market is segmented into Cosmetic Grade, Pharmaceutical Grade and Industrial Grade. Based on Function, the market is segmented into Emollient, Solvent, Thickening Agent and Binder. Based on Application, the market is segmented into Personal Care & Cosmetics, Pharmaceuticals and Industrial. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
The Cosmetic Grade has the largest share in the global isopropyl myristate market. This grade is used as a primary emollient and texture forming agent in a large variety of personal care products. It is used in recreation and performing cosmetics and personal care products. Cosmetic grade is a primary emollient used world-wide by formulators. The beauty industry is so large that this grade's lead is insurmountable.
The Pharmaceutical Grade is the fastest growing in the global isopropyl myristate market outlook. This is primarily being driven by its use as a penetration enhancer in topical drug delivery systems. It is effective at helping active ingredients absorb into the skin better, therefore it has developed a nice niche in medicated creams and ointments.
The global isopropyl myristate market size is most significantly impacted by its function of Emollient. This is primarily due to the product's function as a skin softening and smoothing agent. In hundreds of lotions, creams, and moisturizers, the primary or only function of isopropyl myristate market is to form a light breathe-able barrier to prevent water loss and to soften and smooth the skin's surface, while also adding slip and feel. This is such a basic function of skin care that isopropyl myristate market is used in enormous amounts in skin care and across the industry.
The Solvent is the fastest growing segment in the global isopropyl myristate market. The primary reason is the wonderful ability of a solvent, especially one that effectively dissolves active ingredients, fragrances, and pigments in cosmetics. As formulations get more complex, the requirement for isopropyl myristate market 's solvent features are growing.
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Asia Pacific takes the most significant share of global isopropyl myristate regional outlook. This is due to the regions vast and rapid growth of its global Cosmetic market, as several countries including China, South Korea, and Japan lead the world as trendsetters in skincare and cosmetics. The demand for product using isopropyl myristate (IPM) and having a sizeable manufacturing base, makes Asia Pacific the largest consumer of isopropyl myristate market.
Japan is dominating in the Asia Pacific isopropyl myristate market. It particularly stands out due to its sophisticated cosmetics industry, its emphasis on product texture and sensory feel, and its highly economic demand for lightweight formulations. The most recent developments include Japanese companies applying IPM in cutting-edge sun care and makeup products designed to offer a silky and non-greasy finish.
South Korea shows the fastest growth in the Asia Pacific isopropyl myristate market. This is related to South Korea's tremendous success with the "K-Beauty" phenomenon, and its fast-moving consumer product development cycles. The country's focus on developing interesting or novel textures is an important consideration to understand. The recent efforts undertaken by South Korea brands in the Asia Pacific region involves the use of IPM in diversified, multi-functional products such as BB creams, sleeping masks, etc.
The European region has an important presence on the global isopropyl myristate regional forecast. This is due to its mature and premium cosmetics market. Many of the largest luxury beauty brands in the world are represented in the region. As a result, there is a push for high-quality materials with informed waste disposal for more sophisticated skincare and anti-aging formulations.
Germany is leading the European isopropyl myristate market because of its large chemical industry and position as a prominent cosmetic ingredients provider through the entire region. Its players are also concerned about the efficiency and quality of production. German ingredient suppliers have even just begun providing highly purified grades of IPM as cosmetic suppliers embrace tolerated sourcing of ingredients proven safe for sensitive skin.
France is registering the highest growth in the European isopropyl myristate market. France is in the pole position globally when it comes to luxury cosmetics and dermo-cosmetics, with elegance being a key driver for formulation. Recently, France has seen luxury brands developing products which use IPM to create sophisticated, lightweight textures for high-end serums and creams.
The United Kingdom is seeing considerable momentum in the European isopropyl myristate market. Its cosmetics market is very dynamic and trend sensitive. Its large retail sector is a driver. Recently, UK brands were producing IPM for their popular "fast beauty" products and mass-market skincare brands.
The North American region is an important region in the global isopropyl myristate market revenue. This is because there is a significant and diverse personal care market in the region that ranges from mass-market to high-end luxury brands. In addition, the substantial amount of money consumers spend on cosmetics is a factor, along with the large presence of well-known global brands.
The United States is leading the North American isopropyl myristate market. This is primarily because of the size of the cosmetics and personal care market relative to the region. The strategic impact of its beauty blogger industry and social media culture plays an important role. Emerging information indicates that early 2025 development shows the number of US "indie" brands using IPM as an economical emollient that can create sophisticated textures that are compatible with luxury products is growing.
Canada is making significant movements forward in the North American isopropyl myristate market, especially about the natural cosmetics market. It trends towards creating cosmetics that provide an acceptable sensory feel for the consumer. Recent developments include Canadian formulators using IPM in conjunction with natural oils to create products that are effective and aesthetically appealing.
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Excellent Sensory Properties and Versatility
Growth of the Global Cosmetics Market
Demand for "Natural" and "Clean" Ingredients
Concerns about Comedogenicity
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The global isopropyl myristate industry trends reveal a market dominated by leading global chemicals and oleochemical manufacturers. Companies such as BASF, Croda, and Emery Oleochemicals are the leading manufacturers. Their competitive strategy is based on economies of scale, consistency of quality, and a global distribution network. The business serves large cosmetic and pharmaceutical producers who need a reliable supply of high purity, consistent ingredients. Competitively they use price, quality control, and now sustainability of their feedstock as their factors for competing.
The competitive landscape is being blurred by new startups focusing on providing novel sustainable and high-performance cosmetic ingredients. These companies do not produce IPM they are producing bio fermented or plant extracted alternatives that have the same or superior sensory properties, with a much stronger "clean beauty" story. Their strategy is to win by providing companies an innovative green alternative so they can replace traditional synthetic esters like the IPM.
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the global isopropyl myristate market is a stable and mature market that is deeply anchored in the cosmetics and personal care industry as it maintains a direct connection to the growth of the global beauty market. The significant market dynamic is a conflict between the price-sensitive and exceptional functional properties of IPM vs. the strong consumer-driven trend toward "clean" and "natural" ingredients. How the market develops is strongly connected to how it reacts to the challenge of sustainability, sourcing, and moving IPM as a value-adding functional agent to produce textures that consumers will find desirable.
Regional markets driven by Asia Pacific represent the global growth trajectories reflected by the global isopropyl myristate markets. The driving force behind this growth is due to Asia Pacific as the largest cosmetics region in the world, an influential market producing and continuing new trends. While there will be a continuing challenge from natural competing ingredients, the advances in processing and standardization and relatively low-cost price point will keep the use of IPM wide and varied. The Personal Care & Cosmetics segment has the largest market share by far, serving as the foundation of the beauty industry.
| Report Metric | Details |
|---|---|
| Market size value in 2024 | USD 1.26 Billion |
| Market size value in 2033 | USD 1.99 Billion |
| Growth Rate | 5.2% |
| Base year | 2024 |
| Forecast period | 2026-2033 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
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| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Isopropyl Myristate Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Isopropyl Myristate Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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