Isopropyl Esters Market Revenue, Analysis Augmented Expansion To Be Registered By 2030
Market Overview: Isopropyl Esters are produced by the reaction of methyl esters with Isopropyl alcohol. Isopropyl Ester based biodiesel has greater efficiency and performance than methyl ester, which makes it more suitable to be used as a biofuel. Consumption of fossil fuel is increasing rapidly whereas reserves of fossil fuel are depleting. This has led to surge in demand for biofuel in emerging countries such as China, India, Brazil, and Russia. Isopropyl Ester is used in various end use industries such as lubricant, surfactant & detergent, food, cosmetics & personal care, pharmaceutical and others owing to its non-toxicity, biodegradability, high lubricity, and better cold flow. However, high price of isopropyl ester in comparison with methyl ester may hinder growth market over the forecast period. Rising disposable income along with increasing consciousness regarding health is driving isopropyl market growth. Increasing usage of isopropyl ester as moisturizer and thickene