The Global Cosmetic Grade Isopropyl Palmitate Market was valued at USD 559.3 Million in 2023 and is projected to reach USD 848.3 Million by 2030, growing at a Compound Annual Growth Rate (CAGR) of 5.1% during the forecast period (2023–2030). This growth is being driven by increasing demand for natural and sustainable cosmetic ingredients, rising consumer preference for premium skincare products, and stringent regulatory standards for cosmetic safety and efficacy.

As the beauty industry transforms toward clean formulations and enhanced sensory experiences, the spotlight is on the key chemical manufacturers who are driving innovation, quality, and sustainable sourcing pathways. In this blog, we profile the Top 10 Companies in the Cosmetic Grade Isopropyl Palmitate Industry—a mix of chemical giants, specialty ingredient suppliers, and sustainable sourcing pioneers shaping the future of global cosmetic formulations.

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🔟 1. Croda International PLC

Headquarters: Snaith, East Yorkshire, United Kingdom
Key Offering: High-purity Isopropyl Palmitate, Sustainable IPP Variants

Croda International is among the world’s leading suppliers of cosmetic esters, offering premium-grade Isopropyl Palmitate manufactured to stringent pharmaceutical standards. Their cosmetic division serves leading beauty brands, personal care manufacturers, and pharmaceutical companies, with significant investments in green chemistry and sustainable palm oil derivatives.

Sustainability Initiatives:

• Commitment to 100% sustainable palm oil sourcing by 2025

• Life-cycle assessment for carbon footprint reduction

• Developing bio-based alternatives to conventional esters

Download FREE Sample Report: Cosmetic Grade Isopropyl Palmitate Market – View in Detailed Research Report

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9️⃣ 2. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: Lutrol® IPP, High-purity Cosmetic Esters

BASF is a global chemical leader with extensive production capabilities for cosmetic-grade Isopropyl Palmitate. The company leverages its integrated chemical platform to ensure consistent quality and supply chain reliability for global cosmetic manufacturers.

Sustainability Initiatives:

• Mass Balance Approach for sustainable raw materials

• R&D investments in renewable carbon sources

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8️⃣ 3. KLK OLEO

Headquarters: Kuala Lumpur, Malaysia
Key Offering: Kester® IPP, Natural-derived Esters

KLK OLEO operates one of the largest oleochemical complexes in Southeast Asia, producing high-quality Isopropyl Palmitate from sustainable palm oil sources.

Sustainability Initiatives:

• RSPO-certified sustainable palm oil commitment

• Traceability systems for supply chain transparency

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7️⃣ 4. Evonik Industries AG

Headquarters: Essen, Germany
Key Offering: Tegosoft® P, High-purity Ester Oils

Evonik’s specialty chemicals division produces premium Isopropyl Palmitate under its Tegosoft brand, focusing on high spreadability and superior skin feel for luxury skincare applications.

Sustainability Initiatives:

• Carbon-reduced production processes

• Partnerships with cosmetic brands for customized ester solutions

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6️⃣ 5. Kao Corporation

Headquarters: Tokyo, Japan
Key Offering: Kao Isopropyl Palmitate, Specialty Esters

Kao Corporation integrates its chemical expertise with consumer insights to develop Isopropyl Palmitate with enhanced performance characteristics for Asian beauty markets.

Sustainability Initiatives:

• Integrated manufacturing from sustainable plant oils

• Investment in green chemistry R&D facilities

Download FREE Sample Report: Cosmetic Grade Isopropyl Palmitate Market – View in Detailed Research Report

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5️⃣ 6. Wilmar International Limited

Headquarters: Singapore
Key Offering: Wilmar IPP, Multi-functional Esters

Wilmar International leverages its position as one of the world’s largest palm oil processors to produce cost-effective Isopropyl Palmitate while maintaining quality standards.

Sustainability Initiatives:

• No-deforestation commitment across supply chain

• Vertical integration from plantation to finished esters

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4️⃣ 7. Musim Mas

Headquarters: Singapore
Key Offering: Natural IPP, Certified Sustainable Ingredients

Musim Mas operates integrated palm oil facilities with dedicated chemical divisions producing Isopropyl Palmitate for global distribution.

Sustainability Initiatives:

• RSPO-certified sustainable palm oil production

• Community development programs in palm-growing regions

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3️⃣ 8. Stepan Company

Headquarters: Northfield, Illinois, USA
Key Offering: Stepan IPP, Broad-spectrum Emollients

Stepan Company manufactures Isopropyl Palmitate at its US and European facilities, serving both multinational cosmetic brands and specialty manufacturers.

Sustainability Initiatives:

• Waste reduction initiatives in chemical manufacturing

• Developing next-generation ester technologies

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2️⃣ 9. Eastman Chemical Company

Headquarters: Kingsport, Tennessee, USA
Key Offering: Eastman IPP, Customized Ester Blends

Eastman produces high-purity Isopropyl Palmitate through advanced esterification processes, ensuring minimal impurities for sensitive skin applications.

Sustainability Initiatives:

• Eco-friendly production technologies

• Global distribution network across North America, Europe, and Asia-Pacific.

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1️⃣ 10. NIKKO CHEMICALS CO., LTD.

Headquarters: Tokyo, Japan
Key Offering: NikkoI IPP, Speciality Emollient Oils

NIKKO CHEMICALS specializes in high-performance cosmetic esters, including multiple grades of Isopropyl Palmitate tailored for specific formulation requirements.

Sustainability Initiatives:

• Focus on product purity and consistency

• Technical support services for formulation development

Get Full Report Here: Cosmetic Grade Isopropyl Palmitate Market – View in Detailed Research Report

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🌍 Outlook: The Future of Cosmetic Grade Isopropyl Palmitate Is Greener and Smarter

The cosmetic grade Isopropyl Palmitate market is undergoing a significant transformation toward sustainable, naturally derived ingredients that deliver both efficacy and environmental credentials. While conventional IPP still dominates in volume, the industry is increasingly investing in green chemistry alternatives, purification technologies, and supply chain traceability.

📈 Key Trends Shaping the Market:

• Shift toward RSPO-certified sustainable palm oil derivatives

• Growing demand for multi-functional emollients in advanced formulations

• Digitalization of quality control and supply chain management

• Cosmetic brand-ingredient supplier collaborations for customized solutions

Get Full Report Here: Cosmetic Grade Isopropyl Palmitate Market – View in Detailed Research Report

The companies listed above are not only supplying global beauty formulations—they’re pioneering the sustainable transformation of the cosmetic industry.