The global isopropyl esters market is predicted to grow at a healthy CAGR between 2022-2030, reveals the new Market Research Future (MRFR) report. Isopropyl esters are made through the reaction of methyl esters along with isopropyl alcohol. Biodiesel that is isopropyl ester-based has better performance and greater efficiency that makes it highly suitable for being used as biofuels. Isopropyl Esters, especially isopropyl oleate, isopropyl palmitate, isopropyl laurate, and isopropyl myristate are excellent skin penetrating agents that are widely used as thickening agents, moisturizers, and emollients in the cosmetic and personal care industry. Besides, it is also extensively used in food owing to its non-toxic nature. Its cold flow properties make it an ideal choice for biodiesel, and it is also utilized in the pharmaceutical industry in the form of a solvent to prepare medicines. Better cold flow, high lubricity, biodegradability, and non-toxicity are some of its key characteristics that have led to its immense popularity in various end use industries.
Competitive Leaderboard:
Major players profiled in the isopropyl esters market report include Shodhana Laboratories Ltd (India), Musim Mas Holdings. (Singapore), Thermo Fisher Scientific (US), Alfa Aesar, Hangzhou Dayangchem Co. Limited (China), Sigma-Aldrich Co. LLC (US), Oleon NV (Belgium), Procter Gamble (US), and BASF SE (Germany). Key players have incorporated several strategies to create a niche in the market, such as joint ventures, collaborations, expansions, research and development, mergers and acquisitions, product innovations and launches, and much more.
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Market Segmentation:
The Market Research Future report provides a complete segmental analysis of the isopropyl esters market based on end use industry and application.
Based on the application, the isopropyl esters market is segmented into engine fuel, solvent, plasticizer, flavoring agent, emollient, and others.
Based on end use industry, the isopropyl esters market is segmented into pharmaceutical, cosmetics and personal care, food, surfactant and detergent, lubricant, and others. Of these, the cosmetics segment is predicted to have the largest share in the market over the forecast period. This is owing to the increasing use of isopropyl esters in skin creams, moisturizers, and lotions.
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Regional Analysis
Based on the region, the isopropyl esters market report covers the latest trends and growth opportunities across the Asia Pacific, Latin America, North America, Europe, and the Middle East and Africa. Of these, the APAC region is predicted to dominate the market over the forecast period chiefly on account of growing demand for isopropyl esters from various end use industries such as personal care and cosmetics, food, surfactant and detergent, and lubricants, rising per capita disposable income, expanding pharmaceuticals sector, relatively cheaper beauty care and cosmetic products, widening application scope, and growing consciousness about health.
The isopropyl esters market in Europe is predicted to have the second-largest share in the market over the forecast period chiefly on account of the expanding personal care, biodiesel, and food and beverage segment. Germany is the chief contributor in this region, followed by Spain, Italy, the UK, and France.
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