New York 29 Aug 2018, As per the new research study conducted by Bizwit Research & Consulting, Global Isopropyl Palmitate (IPP) Market size is anticipated to grow at a lucrative CAGR over the forecast period 2018-2025. Isopropyl palmitate is the ester product of isopropyl alcohol and palmitic acid (palm oil). Isopropyl palmitate is sourced from oil, it has many similar properties to other common oils. This molecule has a long chain oxygenated structure which can increase the skin penetration of other lipophilic substances (Cosmetic Ingredient Review). Like many other long chain molecules, it has been found to have skin conditioning, moisturizing, anti-static and binding properties. It has also been used as a fragrance ingredient in deodorants. This compound has been found in a myriad of products including moisturizer, lipstick, eye shadow, conditioner, concealer and all manner of anti-aging skin care products according to the Cosmetics Database.
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Global Isopropyl Palmitate (IPP) Market Size study, by Type (Pharmaceutical Grade IPP, Cosmetic Grade IPP), by Application (Cosmetics & Person Care, pharmaceuticals, Textiles) and by Regional Forecasts 2018-2025
The industry is seeming to be fairly competitive. Some of the leading market Kao Corporation, BASF, Lubrizol, Oleon Corporate, Croda International., Inolex, KLK OLEO, Kunshan Huaxin Daily Chemicals, Zhejiang Wumart Biological Technology and so on. The fierce competitiveness has made these players spend in product developments to improve the customer’s requirements.
Key findings of the study:
- Used as a fragrance ingredient in deodorants
- Isopropyl palmitate is sourced from oil.
Bizwit Research & Consulting LLP has considered following segments for the study:
- Pharmaceutical Grade IPP
- Cosmetic Grade IPP
- Cosmetics & Person Care
- North America
- Asia Pacific
- Latin America
- Rest of the World