Quarterly Update on Global Isopropyl Alcohol (IPA) Market
For the Quarter Ending March 2021
Extreme cold weather across the Gulf of US impacted several IPA plants of the region, however the demand from domestic market remained low. The overall demand for IPA was comparatively higher in the previous quarter but after subsequent fall in COVID 19 cases across the region, demand for IPA from sanitisers manufacturers reduced effectively. Despite of low demand for IPA prices were railing up due to huge rise in feedstock Acetone prices, which rose by around 20.6% and settled at USD 2425 per MT FOB Texas in March.
In the Asian Market, demand for IPA remained mixed, where some countries had a sufficient inventories level to satisfy the overall demand others struggled to maintain the supply activities across their country. Like in China, demand for IPA from sanitisers manufacturers was sturdy, but the inventories level remained low which created an extreme shortage of IPA in the country. In addition, extreme shortage of feedstock Acetone also effectively impacted the production in the China IPA market. During the quarter, average IPA prices in China rose by 22.29%, while in India it rose by 4.05% between January and March.
During Q1 2021, exports from Asia to Europe reduced effectively that tightened the supply of IPA in Europe. Meanwhile the demand remained consistent from sanitisers manufactures of the region, especially in second half of the quarter. Container shortage across Asia-Europe trade route, further reduced the feedstock availability across the region which pushed the prices to seek an upward trend. It is also anticipated that the supply of feedstock Acetone might improve from the US, which will improve the current IPA market condition in the upcoming quarters.
Market Overview: https://www.chemanalyst.com/Pricing-data/isopropyl-alcohol-31
Isopropyl alcohol (IPA), also known as Isopropanol, is a clear, colorless liquid, possessing an alcoholic odor. It is a medium evaporating low-cost solvent, possessing complete miscibility with most solvents. Based on applications, IPA has several grades specially selected on the basis of purity and odor. It has proven microbial, anti-bacterial, anti-infectant properties making it suitable to be used in the cosmetics and toiletries. It is also widely used as a low-cost solvent in many industries such as pharmaceuticals, coatings and inks, specialty chemicals and as an extractant. Some important chemical derivatives manufactured from IPA include methyl isobutyl ketone (MIBK), isopropylamines and isopropyl esters. IPA can be produced either from Propylene, as a by-product from the operations of a naphtha cracker, from acetone, or as a by-product from producing phenol. Two main routes are used to produce IPA commercially. The traditional method involves indirect hydration of refinery-grade propylene (RGP) using sulfuric acid to form isopropyl sulfate, which is then hydrolyzed with steam to form sulfuric acid and IPA. Another route is the direct hydration of chemical grade (90-99%) Propylene, without using sulfuric acid. Small amount of IPA is also produced by the hydrogenation of Acetone in aqueous medium. However, this process is only suitable where excess Acetone is available.
Product Specific Details
CAS No.: 67-63-0; HS Code: 29051220; Grades: Industrial/Technical grade, Pharma Grade; Packaging Size: Tank/Drum; Incoterms: CFR, FOB, Ex-Works, Bulk Contracted, Spot
APAC – China, Japan, India, South Korea, Singapore,
Europe – Germany, France, Belgium
America – USA, Brazil
MEA – Saudi Arabia, UAE, South Africa
How we can help
ChemAnalyst addresses the key problematic areas and risks associated with chemical and petrochemical business globally and enables the decision-maker to make smart choices. It identifies and analyses factors such as geopolitical risks, environmental risks, raw material availability, supply chain functionality, disruption in technology and so on. It targets market volatility and ensures clients navigate through challenges and pitfalls in an efficient and agile manner. Timeliness and accuracy of data has been the core competency of ChemAnalyst, benefitting domestic as well as global industry in tuning in to the real-time data points to execute multi-billion-dollar projects globally.
Global Isopropyl Alcohol (IPA) Market Analysis Plant Capacity, Production, Operating Efficiency, Technology, Demand & Supply, End User Industries, Distribution Channel, Regional Demand, 2015-2030
ChemAnalyst is a leading provider of chemical commodity prices in more than 12 countries since from last 4 Years. The company has emerged as a preferred pricing supplier amongst Procurement Managers and Strategy Professionals globally who wants to track near real time prices of chemicals on its interactive dashboard. Unlike most of its competitors such as ICIS, IHS & S&P Platts the company doesn’t believe in delivering prices in PDF reports. The company has developed proprietary algorithm based online subscription platform in which users can track years of historical prices of more than 250 chemical commodities. In addition, since it’s all online, the users cannot just compare prices across multiple countries but also with other commodities and play with the data by generating multiple graphs to find out amazing insights. The users get access to grade wise CIF, CFR & Ex Works prices at multiple ports in each country.
ChemAnalyst also provides market analysis for more than 1000+ chemical commodities such as Production, Demand, Supply, Plant Operating Rate, Imports, Exports, Suppliers, Customers and much more. The company has created online interactive dashboard in which customers can access all this data instantly with a click of a button. The users will not only be able to analyse historical data for past years but will also get to analyse short term and long-term forecasts for coming years. With the access to local field teams, the company can provide high quality reliable market analysis data for more than 20 countries.
ChemAnalyst is a one stop solution for all the data related needs. We at ChemAnalyst are committed to assist customers worldwide with their data and insights needs using our comprehensive online platform.
For more information, please visit us at www.chemanalyst.com
B-44 Sector-57 Noida,
National Capital Region
Email: [email protected]