Isopropyl Myristate Price Trend and Forecast

Isopropyl Myristate Regional Price Overview

Get the latest insights on price movement and trend analysis of Isopropyl Myristate in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Isopropyl Myristate Price Trend for the First Half of 2024

Isopropyl Myristate (IPM) is an ester derived from isopropyl alcohol and myristic acid, commonly used in cosmetics and pharmaceuticals for its emollient properties, making products feel smooth and non-greasy. Widely utilized in skincare, hair care, and transdermal drug delivery systems. During the first half of the year 2024, the Isopropyl Myristate prices showcased subtle fluctuations for the entire span. Primarily influenced by the fluctuations in its feedstock materials, isopropanol and myristate acid.
 

Isopropyl Myristate Pric Chart

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The year started on a firm note as the manufacturing constraints with rising energy prices and raw material costs, the upstream cost pressure remained sustained for the majority of the first quarter, however, as the second quarter progressed, oversupplied stocks started accumulating in the inventories, the price trajectory started shifting to the southern side a little bit. Overall, mixed market sentiments were witnessed for Isopropyl Myristate for the majority of the said duration of H1’24.

Analyst Insight

According to Procurement Resource, Isopropyl Myristate prices are likely to stabilize moving ahead in the coming months; the current supply and demand equation suggests buoyancy in prices going forward.
 

Isopropyl Myristate Price Trend for the Second Half of 2023

Following the market behavior of its feedstock isopropyl alcohol, isopropyl myristate prices also fluctuated during the last two quarters of 2023. In the Asian market, the first three months were observed to be relatively stable as the supply and demand outlooks still had better coordination. However, the market situation got a little tepid during the final quarter of the year; the inventories were running high, and the demands from the cosmetics and perfuming industries were not as supportive of the price trend, so the price graph dropped around the later months. The situation of the European and American markets was also not much different as the prices consistently oscillated here as well.

Analyst insight

According to Procurement Resource, the market projection for Isopropyl Myristate doesn’t look very different from the current trend as the prices are expected to fluctuate going forward as well.
 

Isopropyl Myristate Price Trend for the First Half of 2023

The price trend for isopropyl myristate closely mimicked the price trend for its feedstock isopropyl alcohol. The price trend were primarily driven by the market demands from downstream cosmetic and perfuming industries.

In the Asian region, prices were mostly weak since the buyers were still hesitant as the market was struggling to revive. After the restrictions were lifted, the suppliers started hoarding the product to protect the business from losses. This practice, though, had a temporary supporting impact but could not aid the situation completely as the prices again started plunging by the middle of Q2.

The European and American isopropyl myristate markets didn’t behave in any different manner as market trend remained southward facing for most of the discussed period. Overall, dull market sentiments were observed with low swinging price trend.

Analyst insight

According to Procurement Resource, the Isopropyl Myristate market is expected to behave in a similar manner, given the current global inflation rates and demand uncertainties.

Procurement Resource provides latest prices of Isopropyl Myristate. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.