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Isopropanol Prices, News, Market Analysis | ChemAnalyst


FOB US Gulf prices of IPA, which remained the star product of 2020, surged to USD 1300 per MT amid higher shipping costs observed particularly for containers from Asia and firming Acetone values. – PowerPoint PPT presentation

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Title: Isopropanol Prices, News, Market Analysis | ChemAnalyst

Isopropyl Alcohol (IPA) Prices Overview
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Market Overview Quarterly Update on Global
Isopropyl Alcohol Market Asia   Asia Pacific
Isopropanol (IPA) demand eased in July-Sep
quarter after registering a historic Q2 surge as
an outcome of the demand boom due to its growing
usage in rubbing alcohol and hand sanitizers.
 Market sentiments turned bearish as IPAs major
downstream sectors viz. construction and
automotive were still grappling with poor margins
amid retreating economy. Prices were more or less
stagnant throughout the quarter, resisting
further gains due to tapering demand for
disinfectant products as several Asian economies
showed abrupt downfall in per-day COVID-19 cases.
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Isopropyl Alcohol (IPA) Prices Overview
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Moreover, the news of shutdown of a Chinese
acetone-based IPA manufacturing unit for
scheduled maintenance raised the Asian
sentiments. Firming feedstock, Acetone largely
contributed to the uptrend observed in the
Southern Asia prices where IPA which were traded
in the range of USD 1200-1300 per MT in the
period. Europe   Demand for IPA in the European
Union seemed eager to find balance between ample
inventories and resilient buying as manufacturing
of hand gels and disinfectants started to recede
in Q3 after surging exponentially in Q2. Europe
is a net importer of IPA. Imports from Asia
flooded the region starting May until September,
where prices rose amid higher Acetone prices.
Demand was heard further pressured as some
hand-gel producers preferred substituting IPA
with ethanol, a cheaper counterpart. Moreover,
dampened industrial consumption due to muted
activity in the paints and coatings further
pressured the market sentiments as the second
wave of COVID-19 was being heard wreaking havoc
in the region.   North America   The third
quarter showed mixed results as several small IPA
producers in the region who started IPA
manufacturing to pace with the COVID-led
skyrocketing demand began to wind up their
production. Several players started maintaining
curtailed operating rates as the demand for hand
sanitizers, which is still higher year on year,
started falling as sanitizer production dipped
considerably. FOB US Gulf prices of IPA, which
remained the star product of 2020, surged to USD
1300 per MT amid higher shipping costs observed
particularly for containers from Asia and firming
Acetone values.
Isopropyl Alcohol (IPA) Prices Overview
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  • 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.
  • Methodology
  • ChemAnalyst gathers information through primary
    research surveys conducted with various Isopropyl
    Alcohol manufacturers, spread across the domestic
    and international markets, suppliers and
    dealers/distributors to gain insights into
    value-chains and demand-supply scenario to assess
    the market situation. Thorough study of the
    companys annual reports and secondary sources
    such as exhaustive search on credible paid
    databases, including our internal database is
    done to verify the information. All the collected
    information is analyzed, evaluated and presented
    in chronological order to depict a meaningful and
    clear picture of the concerned market.
  • Our dedicated team of industry experts
    comprehensively monitors and analyzes various
    aspects of the Global Isopropyl Alcohol market.
    The team analyzes various industrial segments,
    strategic viewpoints and provides an analysis of
    the industrys performance in the long run. This
    would enable our clients in efficiently plan
    their future investments, mitigate risk,
    understand the cost dynamics and strike out a
    balance amidst market volatility.
  • Critical examination of the impact of COVID-19
    pandemic on the global supply chains and shift in
    demand patterns with change in buying behavior of
    consumers across the globe.

Isopropyl Alcohol (IPA) Prices Overview
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Several ongoing development projects across
industries are tracked, followed by the details
of major projects in the development stage, which
can positively or negatively influence the Global
Isopropyl Alcohol market.   Pricing is captured
through exhaustive primary interviews with
domestic and international manufacturers, traders
and importers and customers on monthly and yearly
basis.   Finally, region-specific markets for
Isopropyl Alcohol are analyzed and region-wise
demand pattern is tracked. About 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.
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