About Isopropyl Palmitate
The ester of isopropyl alcohol with palmitic acid is known as Isopropyl Palmitate. It functions as an emollient, moisturiser, thickener, and anti-static agent. Isopropyl palmitate is a colourless, odourless liquid that is both naturally and synthetically derived. Naturally it is made from palm oil or animal fats. Palm oil is derived from palm trees, which are native to western Africa but may be found growing in tropical climates all over the world. The oil is produced by their seeds. Hundreds of personal care and cosmetic items, including sunscreen, deodorant, and perfume, include isopropyl palmitate. Palmitate components work as lubricants on the skin's surface, making the skin appear soft and smooth. As a binder, isopropyl palmitate might be utilised. Cosmetics sector presents huge prospectus for isopropyl palmitate. Although presence of alternate products in market and stringent regulations against isopropyl palmitate applications in certain markets may hinder its growth. Europe is currently the largest market of isopropyl palmitate.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The rising growth of processed food and beverages industry along with surge in cosmetics demand due to rise in disposable income has led to the growth in isopropyl palmitate market. Although, due to presence of stringent regulations against the product in certain markets and presence of large number of alternate products has reduced the market prospectus f the Isopropyl palmitate. Europe is currently the largest market of isopropyl palmitate. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Anyang Weibisheng Trading Co., Ltd (China), GJ Chemicals Co. Inc. (United States), Vigon International (United States), Stearinerie Dubois (France), Faci Asia-Pacific (Singapore), Archer Daniels Midland Company (United States), Wha Costech Inc. (South Korea), IOI Oleochemical Industries Berhad (Malaysia), Jinan Aery Pharmaceutical Co, Ltd (China) and Hangzhou Fanda Chemical Co., Ltd (China) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Nanjing Raymon Biotech Co., Ltd. (China), Hubei Aoks Trade Co., Ltd (China) and Henan Tianfu Chemical Co., Ltd. (China).
Segmentation Overview
AMA Research has segmented the market of Global Isopropyl Palmitate market by Type (Pharmaceutical Grade IPP and Cosmetic Grade IPP), Application (Binding Agent, Emollient, Conditioners, Thickening Agent and Others) and Region.
On the basis of geography, the market of Isopropyl Palmitate has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Direct will boost the Isopropyl Palmitate market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End Use, the sub-segment i.e. Cosmetics will boost the Isopropyl Palmitate market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Source, the sub-segment i.e. Natural will boost the Isopropyl Palmitate market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Natural Ingredients Based Isopropyl Palmitate are Rising in Popularity due to Growing Preference for Chemical Free Food
Market Growth Drivers:
Growth of Food and Beverages Industry and Increase Demand in Processed Food
Challenges:
Alternate Ingredients are Present in Market
Restraints:
Presence of Adulterated Products in Market
Opportunities:
Extensive Applications in Cosmetics can open up New Opportunities for Isopropyl Palmitate Manufacturers
Market Leaders and their expansionary development strategies
In December 2023, Visiox Pharmaceuticals and PowerUp Acquisition Corp. announced the execution of a definitive agreement for a business combination that would result in Visiox becoming a publicly traded company on the Nasdaq Capital Market.
In July 2023, Visiox Pharma Inc. announced it has entered into a definitive agreement with Santen Pharmaceutical Co. to license omidenepag isopropyl ophthalmic solution 0.002%, (Omlonti) a New Chemical Entity (NCE) recently approved by the FDA.
Key Target Audience
Isopropyl Palmitate Manufacturers, Suppliers and Distributors, Raw Material Suppliers, New Entrants/Investors, Venture Capitalists and Private Equity Firms and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.