Isopropyl Myristate Market Growth Propelled by Rising Demand for Personal Care Products


The global isopropyl myristate market is driven by increasing demand for personal care products. Isopropyl myristate (IPM) is a popular emollient ester often used as a fragrance ingredient in cosmetics and personal care products. It has excellent spreading properties and leaves a dry non-greasy film on the skin. IPM is commonly found in products like moisturizers, lotions, creams, hair sprays, and fragrances to soften and smooth skin or hair. It helps active ingredients penetrate the skin barrier without irritation and enhances the skin feel of formulations.

The isopropyl myristate market is estimated to be valued at USD 82.11 Bn in 2024 and is expected to reach USD 136.55 Bn by 2031. It is projected to grow at a compound annual growth rate (CAGR) of 7.5% from 2024 to 2031.

Key Takeaways

Key players operating in the isopropyl myristate market are BASF SE, Akzo Nobel N.V., Kao Corporation, Sabo S.p.A, KLK Oleo, and Croda International Plc.

The growing demand for natural and organic personal care products is driving significant Isopropyl Myristate Market Opportunities. Consumers are increasingly spending on premium cosmetic products offering moisturization and anti-aging benefits.

Asia Pacific is expected to witness the fastest growth in the isopropyl myristate market owing to increasing disposable incomes, rising living standards, and rapid urbanization in developing economies like India and China. Manufacturers are expanding their production facilities in the region to cater to the growing local demand.

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The Intrahepatic Cholangiocarcinoma Market is driven by Rising Incidence of Cancer


Intrahepatic cholangiocarcinoma is a rare form of primary liver cancer that originates in the epithelial cells lining of the intrahepatic bile ducts inside the liver. It commonly occurs in patients with conditions that damage these bile ducts such as primary sclerosing cholangitis (PSC). Treatment options for intrahepatic cholangiocarcinoma (ICC) include surgical resection, liver transplantation, chemotherapy, radiation therapy, and liver transplantation.

The global Intrahepatic Cholangiocarcinoma market is estimated to be valued at US $250 million in 2027 and is expected to exhibit a CAGR of 8.5% over the forecast period between 2020 and 2027.

Key Takeaways

Key players operating in the Intrahepatic Cholangiocarcinoma are Johnson & Johnson, F. Hoffmann-La Roche Ltd, Sanofi, Bayer AG, Celgene Corporation, Bristol-Myers Squibb, Pfizer, Inc., Concordia Healthcare.

Rising incidence of cancer and high rate of mortality associated with Intrahepatic Cholangiocarcinoma, novel therapies and early diagnosis are expected to boost the market growth. Growing demand for effective targeted therapies and combination therapies with immunotherapy will further augment the market Intrahepatic Cholangiocarcinoma Market Growth. Increasing R&D investments, clinical trials and approval of new drugs for treatment will accelerate the global expansion of Intrahepatic Cholangiocarcinoma market.

The ey driver influencing the growth of Intrahepatic Cholangiocarcinoma market is the rising incidence rate of cancer. The increasing prevalence of primary sclerosing cholangitis (PSC) which is one of the major risk factor for Intrahepatic Cholangiocarcinoma has resulted in spurring the market growth. According to statistics, PSC affects approximately 10 to 20 individuals per million in the U.S. and Europe every year. Moreover, aging population and changing lifestyle have also contributed to the rising prevalence of cancer which drives the demand for effective therapeutics and aids the market growth.

Geopolitical Impact on Intrahepatic Cholangiocarcinoma Market Growth

The global geopolitical landscape is experiencing heightened tensions and uncertainties which is impacting the intrahepatic cholangiocarcinoma market as well. The rising geostrategic competition and political risks have made companies wary about long term investments and expansion plans. Fast changing trade policies and sanctions on key markets are hindering seamless supply chain and clinical trials. Furthermore, budget allocation for health care is facing cuts in many economies amid defense spending priorities. This has negatively impacted R&D investments into rare cancer drugs and devices.

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Internal Combustion Engine Market powered by rising automotive sales

The internal combustion engine market has witnessed substantial growth in recent years owing to various advantages associated with internal combustion engines. Internal combustion engines are compact power units that convert chemical energy from combustion into mechanical energy. These engines are versatile and can run on a variety of fuels like gasoline, diesel, natural gas, etc. depending on the engine type. They are favored over electric motors for use in automobiles due to their higher energy density and extended driving range on a single full charge. Additionally, vehicles powered by internal combustion engines require less charging time compared to electric vehicles.

The Global Internal Combustion Engine Market is estimated to be valued at USD 256.7 Bn in 2024 and is expected to reach USD 298.3 Bn by 2031, growing at a compound annual growth rate (CAGR) of 6.2% from 2024 to 2031.

Key players operating in the internal combustion engine market are Cummins, Caterpillar Inc., Bosch, Continental AG, and Volkswagen AG.

The growing demand for automobiles from emerging economies is fueling the internal combustion engine market growth. Rising disposable incomes have increased automobile ownership, especially in Asia Pacific countries like India and China.

Major engine manufacturers are focusing on global expansion by strengthening their distribution networks across developing nations to tap the rising demand. For instance, Cummins sets up new plants in India and China every year to cater to the growing demand for diesel engines in commercial vehicles.

Market Drivers

Rising automotive sales is one of the major drivers of the internal combustion engine market. As the sales of passenger and commercial vehicles increase globally, the demand for internal combustion engines continues to rise. According to various estimates, global passenger car sales are expected to grow at a CAGR of 3-4% until 2030. This rising automotive demand will ensure steady growth of the internal combustion engine market during the Internal Combustion Engine Market Forecast period.

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Industrial Valves Market is Driven by Increasing Infrastructure Development Projects

The industrial valves market involves the manufacturing and sale of valves that are used to control the flow and pressure of liquids and gases in various industrial processes. Valves find wide application in industries such as oil & gas, power generation, water & wastewater, food & beverages, etc. for controlling, directing or regulating the flow of fluids. The growing need for transportation and distribution of oil & gas across pipelines as well as increasing construction of new oil & gas infrastructure is a major driver for the industrial valves market. Valves help control the pressure and safely distribute fluids in these pipelines.

The industrial valves market is estimated to be valued at USD 76.9 Bn in 2024 and is expected to reach USD 176.5 Bn by 2031. It is estimated to grow at a compound annual growth rate (CAGR) of 12.6% from 2024 to 2031.

Key Takeaways

Key players operating in the Industrial Valves are Avcon Controls Private Limited,AVK Holding A/S,Crane Co.,Metso Corporation,Schlumberger Limited.

The industrial valves market is expected to witness significant growth due to the rising Industrial Valves Market Demand for energy and power from developing nations. The increasing investments in infrastructure development coupled with expanding industrial sector in developing regions will continue to drive market growth.

Major players in the market are focusing on expanding their geographical presence across high growth markets such as Asia Pacific and Latin America to leverage potential growth opportunities. Growing demand for automation and rising adoption of valves in various end-use industries like oil & gas, water & wastewater is expected to boost the industrial valves market.

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Industrial Boilers Market Driven by Need for Process Heating Systems


The industrial boilers market has witnessed significant growth over the past few years owing to extensive applications of boilers across industries for process heating. Boilers are thermal equipment utilized to produce steam or hot water for purposes such as heating, sterilizing, processing, and power generation in several industrial facilities. Manufacturing plants in sectors including chemicals, food processing, paper and pulp, and others deploy industrial boilers to fulfill their steam and hot water requirements in operations. Process heating needs of varied industrial processes necessitate the use of durable and energy-efficient boiler equipment.

The industrial boilers market is estimated to be valued at USD 17.46 Bn in 2024 and is expected to reach USD 24.15 Bn by 2031, growing at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031

Key Takeaways

Key players operating in the industrial boilers are Babcock & Wilcox Enterprises Inc., Siemens AG, GE Power, John Wood Group PLC, Thermax Limited, Bharat Heavy Electricals Limited, IHI Corporation, Mitsubishi Hitachi Power Systems, Ltd., Harbin Electric Co., Ltd., Dongfang Electric Corporation.

Growing industrialization and manufacturing activities have substantially increased the Industrial Boilers Market Demand across developing regions of Asia Pacific and Middle East & Africa in recent years. Rapid industrialization especially in China and India has boosted the sales of industrial boilers.

Key players are focusing on strategic expansion activities across lucrative markets to capitalize on opportunities arising from growing industrial manufacturing capacities globally. Partnerships and acquisitions have allowed companies to augment their geographical presence and product portfolios.

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