Product
Isopropyl Alcohol Price Trend and Forecast
Isopropyl Alcohol Price Trend and Forecast
Regional Price Overview
Get the latest insights on price movement and trend analysis of Isopropyl Alcohol in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
For the First Half of 2022
Asia
The prices of isopropyl alcohol surged throughout the Asia-Pacific region, given the limited stocks amid covid related delays. The prices averaged 1295 USD/MT during the first quarter. With industries temporarily halting production along with port congestions and raised feedstock quotations, isopropyl alcohol prices soared. However, these soaring prices impacted consumer demand affecting the market’s buying potential, thereby crashing the prices.
Europe
The first half of Q1 witnessed a marginal rise in prices owing to high inventory levels and bearish demand. However, the prices surged toward the end of Q1 because of the economic backlash unleashed by the Russia-Ukraine conflict. The robust demand from the paints and coatings sectors further supported the high prices averaging 1535 USD/MT.
These higher prices negatively impacted consumer demand leading to the phenomenon of demand destruction. However, towards the end of Q2, the prices again registered an upward peak as the upward cost pressure relaxed and the demand rebounded.
North America
The solid demand from the pharmaceutical and personal care industries supported the high prices of isopropyl alcohol, averaging 1662 USD/MT FOB Texas. The inflated freight charges, supply shocks, and labour shortages supported the raised prices. These high prices amid the speculations of a global recession triggered cautious buying activity in the market, reducing the offtakes and crashing the prices.
Analyst Insight
According to Procurement Resource, the price trends for isopropyl alcohol will further crash in the upcoming months. The lacklustre demand from the downstream sectors coupled with the easing upstream cost pressure led to stockpiling of products in the market, thereby supporting the lowered prices.
For the Year of 2020
Isopropyl Alcohol (IPA) is a primary ingredient in rubbing alcohol and other common household products like cleansers, disinfectants, and hand sanitizers. The price of IPA normally remains in the range of 1000-1120 USD/MT. However, as the pandemic peaked in 2020, isopropyl alcohol prices rose to 1780 USD/MT.
IPA is used by the pharmaceutical industry. Alcohol swabs and wipes with a 70% concentration of IPA are used to clean wounds. It is also present in several oral mouthwash solutions.
Asia Pacific is one of the fastest-growing markets for this chemical, with China leading the way. Because it is commonly available in the region, it is acquired in bulk at a reasonable price. Furthermore, the growing cosmetics and personal care business, rapid economic expansion, and rising income levels have all contributed to an increase in demand for IPA-based goods.
Procurement Resource provides latest prices of Isopropyl Alcohol. 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
Isopropyl alcohol appears to be a colourless, flammable chemical molecule with a pungent odour. The most basic sort of secondary alcohol is one in which the alcohol carbon atom is connected to two additional carbon atoms. It is both a structural isomer of 1-propanol and a structural isomer of ethyl methyl ether. It is a frequent constituent in chemical compounds such as antiseptics, disinfectants, and detergents, and is utilised in the creation of a wide range of industrial and domestic chemicals.
Product Details
| Report Features | Details |
| Product Name | Isopropyl Alcohol |
| Industrial Uses | Cosmetic and Personal care, Pharmaceutical, Food and Beverage, Paints and Coatings, Chemical |
| Chemical Formula | C3H8O |
| Synonyms | 2-Propanol, Isopropanol, Isopropyl Alcohol, Rubbing Alcohol |
| Molecular Weight | 60.1 g/mol |
| Supplier Database | The Dow Chemical Company, Exxon Mobil, Shell Chemicals Europe B.V., INEOS Enterprises Group Limited, Super Chemical Technology Co. Ltd |
| 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.
Production Processes
- Production of Isopropyl Alcohol from Propene
Isopropyl alcohol is made from high-quality (or polymer-grade) propene. Direct hydration of gaseous propene with water in the presence of acidic catalysts is used to produce this product, which is very popular in the United States. As a by-product, propyl alcohol is obtained in relatively small amounts.
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).
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