Product
Isophorone Diisocyanate Price Trend and Forecast
Isophorone Diisocyanate Price Trend and Forecast
Isophorone Diisocyanate Regional Price Overview
Get the latest insights on price movement and trend analysis of Isophorone Diisocyanate in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Isophorone Diisocyanate (IPDI) Price Trend for the Year 2024
Asia
In Asia, IPDI prices exhibited fluctuating trends throughout 2024. Q1 began with declining prices due to sluggish furniture market demand but rebounded before the Lunar New Year holidays as manufacturers built inventory. Mid-year showed strengthened prices driven by increased shipping costs amid Red Sea disruptions.
Isophorone Diisocyanate Price Chart
Please Login or Subscribe to Access the Isophorone Diisocyanate Price Chart Data
The second half witnessed downward pressure as construction activities slowed in South China due to heavy rainfall, while improved refinery operations enhanced feedstock availability. By Q4, the market remained bearish as export levels dropped while domestic inventories grew.
Europe
European IPDI market experienced predominantly downward pressure during 2024. The year started with rising prices amid supply chain delays and strong demand from electric vehicle manufacturers. However, from Q2 onward, persistent declines occurred due to deteriorating construction sector performance and subdued economic environment. Labor shortages caused production challenges while increased inventory levels further pressured prices downward. The final quarter saw a significant price drop from Q3 levels, as weak construction demand and reduced automotive consumption created market imbalances.
North America
Throughout 2024, IPDI prices in North America followed a volatile pattern. The first quarter saw an upward trend driven by strong demand from automotive coatings and furniture industries, supported by increased costs of energy and feedstock. By Q2, prices declined as construction sector demand weakened amid higher borrowing costs, while Chinese electric vehicle imports reduced automotive consumption. The market briefly recovered mid-year before declining again in Q4, when reduced construction activity and high inventory levels created bearish conditions. Weather events and logistics challenges further impacted the overall downward price trajectory.
Analyst Insight
According to Procurement Resource, IPDI prices will likely remain under pressure in early 2025 due to economic uncertainties and high inventories, with potential stabilization expected as construction activities resume in spring.
Isophorone Diisocyanate Price Trend for the Q1 and Q2 of 2023
Asia
The price trend of isophorone diisocyanate in the first quarter of 2023 was stagnant due to the stability of the feedstock market. Additionally, the positive movement of the isophorone diisocyanate market was also supported by the limited stocks and high consumer demand. Several polyurethane production units increased their consumption rates and supported the rise in the prices of isophorone diisocyanate. In the second quarter, however, the trend took up a negative trajectory as downstream demand and the weak position of Asian currency affected the prices of isophorone diisocyanate negatively.
Europe
In European nations, the consistent supply of isophorone diisocyanate and the low appetite of buyers had a negative impact on its price trend and also caused the level of inventories to shoot up. The decline in prices stabilized to some extent in the second quarter initially. However, in the end, phase, due to low demand, weak trading sentiments, and a significant reduction in production costs, the price trend of isophorone diisocyanate ultimately declined.
North America
Throughout the first quarter of 2023, the prices of isophorone diisocyanate surged with the help of the rising cost of crude oil and gradually increasing demand from the end-user sector. But starting from the end months of the first quarter, the rising rates of inflation and recession-like situation of the US economy proved to be a challenge for the isophorone diisocyanate market. Additionally, the demand rates in the second quarter were also suppressed, and there was a notable rise in the level of inventories that hampered the growth of the isophorone diisocyanate price trend.
Analyst Insight
According to Procurement Resource, the price trend of Isophorone Diisocyanate is expected to oscillate in the upcoming quarter. The trajectory of the isophorone diisocyanate price trend will be guided by the demand for isophorone diisocyanate from the downstream industries and the overall trading sentiments of the global market.
Procurement Resource provides latest prices of Isophorone Diisocyanate. 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.
About Isophorone Diisocyanate
Isophorone Diisocyanate (IPDI), belonging to the class of aliphatic isocyanates, consists of two isocyanate groups linked by an isophorone substituent. It is highly irritating to the skin and is acutely toxic to aquatic life. It is a white to yellow colored liquid with a distinct odor. IPDI exists as two stereoisomers- cis and trans; both are unsymmetrical molecules having similar reactivities. It is used in making polyurethane coatings that are resistant to abrasion and degradation from ultraviolet light.
Isophorone Diisocyanate Product Details
| Report Features | Details |
| Product Name | Isophorone Diisocyanate |
| HS CODE | 29291010 |
| CAS Number | 4098-71-9 |
| Industrial Uses | Paints, Coatings, Sealants, Plastics, Varnishes |
| Chemical Formula | C12H18N2O2 |
| Synonyms | IPDI, 5-isocyanato-1-(isocyanatomethyl)-1,3,3-trimethylcyclohexane |
| Molecular Weight | 222.28 g/mol |
| Supplier Database | Covestro, Evonik, Vencorex, Wanhua Chemical |
| Region/Countries Covered | Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru Africa: South Africa, Nigeria, Egypt, Algeria, Morocco |
| Currency | US$ (Data can also be provided in local currency) |
| Supplier Database Availability | Yes |
| Customization Scope | The report can be customized as per the requirements of the customer |
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Isophorone Diisocyanate Production Processes
- Production of Isophorone Diisocyanate from Non-Phosgene Technology; via Phosgenation Process
In the phosgenation process, IPDI is manufactured from Isophorone diamine in the presence of chlorine. Chlorine reacts with carbon monoxide to produce phosgene which further reacts with the amine to give the corresponding isocyanates.
Methodology
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e., government agencies, external trade bodies, and industry publications).
Assistance from Experts
Procurement Resource is a one-stop solution for businesses aiming at the best industry insights and market evaluation in the arena of procurement. Our team of market leaders covers all the facets of procurement strategies with its holistic industry reports, extensive production cost and pre-feasibility insights, and price trends dynamics impacting the cost trajectories of the plethora of products encompassing various industries. With the best analysis of the market trends and comprehensive consulting in light of the best strategic footstep, Procurement Resource got all that it takes.
Client's Satisfaction
Procurement Resource has made a mark for itself in terms of its rigorous assistance to its clientele. Our experienced panel of experts leave no stone unturned in ensuring the expertise at every step of our clients' strategic procurement journey. Our prompt assistance, prudential analysis, and pragmatic tactics considering the best procurement move for industries are all that sets us apart. We at Procurement Resource value our clients, which our clients vouch for.
Assured Quality
Expertise, judiciousness, and expedience are the crucial aspects of our modus operandi at Procurement Resource. Quality is non-negotiable, and we don't compromise on that. Our best-in-class solutions, elaborative consulting substantiated by exhaustive evaluation, and fool-proof reports have led us to come this far, making us the ‘numero uno' in the domain of procurement. Be it exclusive qualitative research or assiduous quantitative research methodologies, our high quality of work is what our clients swear by.
Table Of Contents
Our Clients
Get in Touch With Us
UNITED STATES
Phone:+1 307 363 1045
INDIA
Phone: +91 8850629517
UNITED KINGDOM
Phone: +44 7537 171117
Email: sales@procurementresource.com