Diisopropyl Ether Price Trend

Diisopropyl Ether Prices December 2023

In the last quarter of 2023, USA diisopropyl ether (DIPE) prices dropped to 1,832 USD/MT due to decreased cost support from upstream acetone and pessimistic market sentiments. However, increased supply availability reduced production costs amid weak demand from end-user industries like paint and cleaning agents. The regional manufacturing sector contraction further impacted DIPE prices. In the mid-quarter, logistical challenges due to El Nina and reduced water levels affected domestic product deliveries. Despite these issues, supply rates remained moderate, keeping prices stable until the end of the quarter.

In China, the DIPE prices followed a bearish trend, concluding at 1,953 USD/MT. Initially, DIPE prices began to decline in Q4 2023 due to excessive supply and reduced export activities. Demand for solvents in paint thinners and stain removers declined, reducing consumption rates. Mid-quarter feedstock availability improved due to lower naphtha and crude oil prices. Domestic transaction rates and procurement activities remained low, with regional paint manufacturers' orders declining. Prices marginally decreased towards the end due to depressed demand, increased isopropyl alcohol production, and firm DIPE production rates, but offtakes from cleaning agents and stain remover manufacturers remained sluggish.  

Diisopropyl Ether Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Diisopropyl Ether Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of diisopropyl ether pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of diisopropyl ether at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of diisopropyl ether price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing diisopropyl ether price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Diisopropyl Ether Market Analysis

The global diisopropyl ether market size reached 476.1 Thousand Tons in 2023. By 2032, IMARC Group expects the market to reach 648.9 Thousand Tons, at a projected CAGR of 3.50% during 2023-2032.

• The market is experiencing robust growth, driven by the expanding demand for DIPE in the pharmaceutical industry due to its utility as a solvent in the synthesis of various pharmaceutical compounds.
• Moreover, the growing adoption of DIPE in the production of pesticides and herbicides, driven by the escalating need for crop protection solutions amid expanding agricultural activities, is bolstering the market growth.
• In confluence with this, the rising use of DIPE as a solvent in the manufacturing of perfumes and fragrances, attributed to its ability to dissolve a wide range of aromatic compounds effectively, is creating a positive outlook for market expansion.
• The increasing utilization of DIPE as a key component in the production of hydraulic fluids and brake fluids, owing to its favorable properties such as high thermal stability and low volatility, is acting as another significant growth-inducing factor.
• Moreover, the burgeoning demand for DIPE as an extractant in the extraction of natural products, including essential oils and flavors, owing to its excellent solvency and extraction efficiency, is providing an impetus to the market growth.
• The surging demand for DIPE as a reaction medium in various chemical processes, such as Grignard reactions and Williamson ether synthesis, due to its ability to facilitate these reactions efficiently, is aiding market expansion.
• Besides this, the rising application of DIPE as a solvent in the electronics industry, particularly in the production of electronic chemicals and cleaning agents, attributed to its compatibility with a wide range of electronic materials, is strengthening the market growth.
• Additionally, the growing use of DIPE as a carrier solvent in the formulation of adhesives, sealants, and coatings, driven by the expanding construction and automotive industries, is fostering market expansion.
• Furthermore, the increasing adoption of DIPE in laboratory research and analytical chemistry, attributed to its versatility as a solvent and reaction medium, is impelling the market growth.
• Apart from this, the expanding demand for DIPE as a fuel additive in gasoline and diesel engines, aimed at improving combustion efficiency and reducing emissions, is propelling the market forward.

Diisopropyl Ether News

The report covers the latest developments, updates, and trends impacting the global diisopropyl ether market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in diisopropyl ether production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the diisopropyl ether price trend.

Latest developments in the diisopropyl ether industry:

• In May 2024, ExxonMobil completed its acquisition of Pioneer Natural Resources Company, transforming the company's upstream portfolio by more than doubling its Permian footprint. The merger combines Pioneer's acreage, entrepreneurial culture, and deep industry expertise with ExxonMobil's balance sheet strength, advanced technologies, and project development capabilities.
• In June 2023, Japanese oil and gas producer JX Nippon revealed its aim to capture and store five million tonnes of CO₂ per year from refinery projects by 2030. The CO₂ will mainly come from ENEOS Holdings, the Japanese metals and petroleum conglomerate. JX Nippon plans to store the captured CO₂ in offshore saline aquifers. The joint venture, West Japan Carbon Dioxide Storage Survey, will transport carbon off Japan's southernmost island via vessels and pipelines.

Product Description

DIPE is a colorless, volatile liquid with a distinct odor. It is a member of the ether family, characterized by an oxygen atom sandwiched between two hydrocarbon groups. In the case of diisopropyl ether, these hydrocarbon groups are isopropyl (CH3)2CH-.

Synthesized through the reaction of isopropanol with an acid catalyst, diisopropyl ether finds utility in various industrial and laboratory applications. Its primary function is as a solvent. Due to its relatively low boiling point (68.7°C) and good solvency for a wide range of organic compounds, it serves as an excellent medium for chemical reactions, extractions, and as a component in various formulations.

One of its notable applications is as a solvent in Grignard reactions, where it facilitates the formation of highly reactive organomagnesium compounds. Additionally, it finds use in organic synthesis as a solvent for reactions involving sodium and potassium, as well as in the production of various pharmaceuticals and perfumes.

Regional Coverage

The report provides a detailed analysis of the diisopropyl ether market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the diisopropyl ether price trend. 

Global Diisopropyl Ether Price

The report offers a holistic view of the global diisopropyl ether pricing trends in the form of diisopropyl ether price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price of diisopropyl ether but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed diisopropyl ether demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Diisopropyl Ether Price

In the fourth quarter of 2023, DIPE prices in Europe shifted due to pessimistic demand from downstream buyers and increased availability of supplies. The Eurozone Manufacturing Purchasing Manager's Index experienced a decline, while consumption rates stayed subdued. The demand-supply dynamics remained moderate until the end of the quarter, with prices increasing negligibly due to weak demand and affected supplies from exporters. Additionally, heightened ship activity by the Houthi Rebels in Yemen contributed to tightened supply conditions.

This analysis can be extended to include detailed diisopropyl ether price information for a comprehensive list of countries.

North America Diisopropyl Ether Price

The DIPE price trend in North America shifted in the final quarter of the year due to pessimistic market sentiments and increased availability of supplies. The weak demand for solvent from end-user industries and reduced procurement activities impacted prices. The price trend also changed due to the decrease in Panama Canal water levels and logistics restrictions on shipments through the Mississippi River.

Specific diisopropyl ether historical data within the United States and Canada can also be provided.

Middle East and Africa Diisopropyl Ether Price

The report explores the diisopropyl ether pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on diisopropyl ether prices for countries can also be provided.

Asia Pacific Diisopropyl Ether Price

In Q4, DIPE prices in Asia were bearish due to decreased exports and decreased demand for paint thinner and stain remover. However, feedstock availability improved in the mid-quarter due to reduced offtakes from Glycol industries and upstream Naphtha and crude oil prices. Domestic market transactions and offtakes remained low, but prices decreased marginally due to decreased demand and increased production rates for hand sanitizers.

This diisopropyl ether price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Diisopropyl Ether Price

The analysis of diisopropyl ether prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of diisopropyl ether pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting diisopropyl ether price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The diisopropyl ether price charts ensure our clients remain at the forefront of the industry.