Isopropyl Myristate Market Size, Share, and Growth Analysis, By Grade (Cosmetic Grade, Pharmaceutical Grade), By Function (Emollient, Solvent), By Application, By Region - Industry Forecast 2026-2033

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 (IPM) market is experiencing steady growth, driven by its role as a versatile ingredient in cosmetics and personal care products, where it serves as an emollient, thickener, and lubricant. Its capacity to minimize the greasy sensation in high-oil formulations allows products like lotions and creams to feel lighter and more appealing to consumers. The expanding beauty industry, encompassing skincare, haircare, and decorative cosmetics, significantly fuels this growth. However, challenges persist, notably the rising consumer inclination towards "natural" and "clean" beauty items, posing competition for IPM as a synthetic ester. Concerns around its comedogenicity, particularly in products aimed at acne-prone skin, also raise questions regarding its market acceptance and performance.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Isopropyl Myristate market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Isopropyl Myristate Market Segments Analysis

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.

Driver of the Global Isopropyl Myristate Market

The global isopropyl myristate market is primarily driven by its unique ability to impart a light, smooth, and non-greasy texture in cosmetic formulations. This versatile compound serves multiple functions, acting as an emollient, solvent, and thickener, which provides formulators with a myriad of possibilities for diverse product applications. Its cost-effectiveness further enhances its appeal, making it a favored choice among manufacturers who seek to optimize performance while maintaining affordability. As consumer demands for high-quality personal care products continue to grow, the role of isopropyl myristate in meeting these expectations becomes increasingly significant.

Restraints in the Global Isopropyl Myristate Market

A significant challenge facing the Global Isopropyl Myristate market is the rising consumer preference for "clean beauty." This shift towards natural and sustainable ingredients places isopropyl myristate, a synthetic component, at a disadvantage as it competes with a variety of plant-based oils and esters that are favored for their perceived purity and environmental benefits. As consumers increasingly seek products that align with their values of natural sourcing and sustainability, the demand for isopropyl myristate may be hindered as brands reformulate their offerings to incorporate more natural alternatives, thereby affecting market growth and acceptance.

Market Trends of the Global Isopropyl Myristate Market

The global isopropyl myristate market is currently experiencing a significant shift driven by the clean beauty movement, which emphasizes ethical sourcing and environmentally friendly ingredients. This trend is fostering a demand for sustainably sourced isopropyl myristate, particularly from certified palm oil, prompting manufacturers to rethink their supply chains. As consumers become increasingly mindful of product formulations, competition is mounting from natural and alternative emollients that promise similar functional benefits without synthetic components. The push for transparency and eco-consciousness is reshaping the market landscape, encouraging innovation and influencing purchasing decisions across beauty and personal care sectors.