The Global Pharmaceutical Grade Isopropyl Myristate Market was valued at USD 13.73 Million in 2025 and is projected to reach USD 19.97 Million by 2034, growing at a Compound Annual Growth Rate (CAGR) of 5.6% during the forecast period (2024–2030). Key drivers for this expansion include the growing demand for topical drug delivery systems, the increasing prevalence of skin diseases, and the expanding pharmaceutical and cosmetics industries globally.

Pharmaceutical Grade Isopropyl Myristate is a highly refined ester valued for its excellent emollient properties, solvency, and ability to enhance skin penetration of active pharmaceutical ingredients. As the pharmaceutical industry increasingly focuses on advanced transdermal and topical formulations, the role of high-purity excipients like IPM becomes critical. This blog profiles the Top 10 Companies in the Pharmaceutical Grade Isopropyl Myristate Industry—specialty chemical manufacturers and ingredient suppliers setting the standard for quality and innovation.

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Pharmaceutical Grade Isopropyl Myristate Market – View in Detailed Research Report

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🔟 1. Croda International Plc (Croda Pharma)

Headquarters: Snaith, East Riding of Yorkshire, United Kingdom
Key Offering: Crodamol™ IPM, High-Purity Excipients

Croda Pharma, a division of Croda International, is a global leader in the supply of high-performance excipients to the pharmaceutical industry. Their Crodamol IPM is renowned for its exceptional purity and consistent quality, making it a preferred choice for sensitive topical and transdermal drug formulations worldwide.

Innovation & Quality Initiatives:

• Investment in sustainable and bio-based raw material sourcing

• Stringent quality control systems compliant with global pharmacopoeias (USP, EP, JP)

• Development of novel excipient systems for enhanced drug delivery

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9️⃣ 2. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: Isofol Myristate, Pharma-Grade IPM

BASF is a leading chemical company with a robust portfolio of pharmaceutical ingredients. Their pharmaceutical grade Isopropyl Myristate is produced under strict Good Manufacturing Practices (GMP) and is designed to meet the high standards required for topical and transdermal applications, ensuring optimal stability and performance.

Innovation & Quality Initiatives:

• Focus on green chemistry and sustainable production processes

• Extensive R&D in drug delivery enhancement technologies

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8️⃣ 3. Musim Mas Holdings

Headquarters: Singapore
Key Offering: Pharmaceutical Grade IPM from Sustainable Palm Kernel Oil

Musim Mas is one of the world’s largest integrated palm oil companies, with a growing specialty chemicals division. They produce high-purity Isopropyl Myristate derived from sustainably sourced palm kernel oil, catering to the stringent requirements of the pharmaceutical industry.

Innovation & Quality Initiatives:

• Commitment to Roundtable on Sustainable Palm Oil (RSPO) certification

• Vertical integration ensures control over feedstock quality and supply chain traceability

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7️⃣ 4. Oleon NV (Part of Avril Group)

Headquarters: Ertvelde, Belgium
Key Offering: Priolube™ IPM, Non-Animal Derived Excipients

Oleon, a subsidiary of the French Avril Group, specializes in oleochemistry and produces a wide range of oleochemical derivatives, including pharmaceutical grade Isopropyl Myristate. Their products are known for high purity and are often derived from non-animal, vegetable-based sources.

Innovation & Quality Initiatives:

• Development of excipients for niche pharmaceutical applications

• Emphasis on product consistency and regulatory compliance

Download FREE Sample Report:
Pharmaceutical Grade Isopropyl Myristate Market – View in Detailed Research Report

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6️⃣ 5. Inolex, Inc.

Headquarters: Philadelphia, Pennsylvania, USA
Key Offering: Lexol® IPM, Performance Ingredients

Inolex is a leading global producer of specialty ingredients for personal care and pharmaceutical markets. Their Lexol IPM is a high-purity ester known for its light texture and excellent spreading properties, making it ideal for topical formulations where patient comfort and efficacy are paramount.

Innovation & Quality Initiatives:

• Pioneering bio-based and renewable ingredient technologies

• Customer-centric approach with custom formulation support

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5️⃣ 6. IOI Oleochemical

Headquarters: Kuala Lumpur, Malaysia
Key Offering: High-Purity Isopropyl Myristate

IOI Oleochemical is a major global player in oleochemicals, producing a diverse range of esters, fatty acids, and glycerine. Their pharmaceutical grade IPM is manufactured in facilities that adhere to international quality standards, serving customers in the Asia-Pacific region and beyond.

Innovation & Quality Initiatives:

• Strong focus on R&D for product improvement and new application development

• Strategic location in Malaysia provides access to key palm oil feedstocks

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4️⃣ 7. KLK Oleo

Headquarters: Kuala Lumpur, Malaysia
Key Offering: Pharmatex® IPM, Specialty Esters

KLK Oleo, a division of Kuala Lumpur Kepong Berhad, is a leading global oleochemical manufacturer. Their Pharmatex range includes high-purity Isopropyl Myristate specifically designed for pharmaceutical applications, ensuring compliance with rigorous regulatory requirements.

Innovation & Quality Initiatives:

• Extensive investment in state-of-the-art manufacturing and purification technologies

• Commitment to sustainable and traceable supply chains

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3️⃣ 8. Emery Oleochemicals

Headquarters: Kuala Lumpur, Malaysia
Key Offering: EMERY® Ester Isopropyl Myristate

Emery Oleochemicals is a leading global, integrated specialty chemicals producer. Their EMERY line of esters includes pharmaceutical grade IPM, which is characterized by its high quality, low odor, and excellent stability, making it suitable for a wide array of topical drug products.

Innovation & Quality Initiatives:

• Focus on developing eco-premium solutions

• Global manufacturing footprint ensures reliable supply

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2️⃣ 9. Zhengzhou YiBang Industry Co., Ltd.

Headquarters: Zhengzhou, Henan, China
Key Offering: Pharmaceutical Grade IPM

Zhengzhou YiBang is a prominent Chinese manufacturer of fine chemicals and pharmaceutical intermediates. The company supplies high-purity Isopropyl Myristate to both domestic and international markets, often at competitive prices, supporting the growing pharmaceutical industry in Asia.

Innovation & Quality Initiatives:

• Expansion of production capacity to meet rising global demand

• Increasing focus on meeting international quality certifications

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1️⃣ 10. Alfa Chemistry

Headquarters: New York, USA
Key Offering: High-Purity Isopropyl Myristate for R&D and Commercial Use

Alfa Chemistry is a global supplier of chemicals and materials for research and development, as well as commercial-scale production. They provide pharmaceutical grade Isopropyl Myristate to academic institutions, research labs, and pharmaceutical companies, often supporting early-stage formulation development.

Innovation & Quality Initiatives:

• Provides custom synthesis and purity levels for specific research needs

• Extensive catalog supporting a wide range of scientific applications

Get Full Report Here:
Pharmaceutical Grade Isopropyl Myristate Market – View in Detailed Research Report

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🌍 Outlook: The Future of Pharmaceutical Grade Isopropyl Myristate

The pharmaceutical grade Isopropyl Myristate market is experiencing steady growth, driven by the expansion of the generic drugs market and the increasing development of complex topical formulations. As drug delivery technologies advance, the demand for high-performance, reliable excipients like IPM is set to rise.

📈 Key Trends Shaping the Market:

• Growing adoption of transdermal drug delivery systems for chronic disease management

• Increasing regulatory scrutiny demanding higher purity and stringent quality control

• Shift towards sustainable and bio-based sourcing of raw materials

• R&D focus on enhancing the bioavailability of poorly soluble drugs

Get Full Report Here:
Pharmaceutical Grade Isopropyl Myristate Market – View in Detailed Research Report

The companies profiled above are at the forefront of supplying this critical excipient, ensuring that the global pharmaceutical industry has access to the high-quality ingredients necessary to develop safe and effective topical medicines.