Market Research Future has published a Half-Cooked Research Report on the Isopropyl Esters Market Research Report- Forecast to 2023
The Global Isopropyl Esters Market is predicted to grow at a healthy CAGR between 2016-2023, 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.
Various factors are propelling the Isopropyl Esters Market Growth. Some of these factors include the rising per capita disposable income, growing awareness about appearance enhancement products and personal grooming, increasing use of Isopropyl Esters as a flavoring agent in the food industry, and easy availability. Additional factors pushing market growth include increasing consumption of packaged food owing to busy lifestyles, growing industrial sector, especially in developing regions, increasing investments in the construction and mining industry, growing use in biofuel, and increasing use as an emulsifier in different lubricants.
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On the flip side, stringent regulations about the quantity of Isopropyl Ester that is used while preparing cosmetics and personal care products coupled with high price are factors that are likely to hinder the Isopropyl Esters Market growth over the forecast period.
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.
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.
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.
The Isopropyl Esters Market in North America is predicted to have a healthy growth over the forecast period owing to the region having the largest pharmaceutical market.
The Isopropyl Esters Market in Latin America and the MEA is predicted to have a stable growth over the forecast period.
Browse Key Industry Insights spread across 138 pages with 35 market data tables & 11 figures & charts from the report, “Isopropyl Esters Market Information: By Application (Emollient, Flavoring Agent, Plasticizer, Solvent, Engine Fuel, and Others), End Use Industry (Lubricant, Surfactant & Detergent, Food, Cosmetics and Personal Care, Pharmaceutical and Others) and Region – Growth Potential, Price Trends, Competitive Market Share & Forecast 2023” in detail along with the table of contents: https://www.marketresearchfuture.com/reports/isopropyl-esters-market-4008
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