Isopentane Pricing Report

Isopentane Prices December 2023

The price of isopentane in the USA for Q4 2023 reached 1570 USD/MT in December. The market in the country experienced significant changes in prices, with a modest improvement in demand leading to higher prices. Moreover, in December 2023, the manufacturing purchasing managers index (PMI) for the country was downward, which reflected a reduction in output and a downturn in new orders prompted during this period, indicating weaknesses in domestic and external demand conditions.

In India, isopentane prices reached 1589 USD/MT in Q4 2023. The market in the country observed a slowdown in the rate of expansion in manufacturing activities. This decline was experienced by a reduction in output growth, indicating reduced production levels within the manufacturing industry.

Belgium witnessed significant price changes, with a 3.5% decline in October attributed to a downturn in the manufacturing sector of the eurozone. However, there was a marginal price boost in October due to limited product accessibility and increased demand. The quarter-ending price of isopentane in the country reached 1660 USD/MT.

Isopentane Price Trend, Market Analysis, and News

IMARC’s newly published report, titled Isopentane Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data, offers an in-depth analysis of isopentane 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 prices at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of price trends across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing isopentane 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.

Isopentane Market Analysis

The global isopentane market size reached 2,004.5 Thousand Tons in 2023. By 2032, IMARC Group expects the market to reach 3,245.5 Thousand Tons, at a projected CAGR of 5.50% during 2023-2032.

• The stricter energy efficiency regulations and sustainability goals are raising the adoption of foam insulation materials in which isopentane is a key blowing agent.
• The growing regulatory measures to reduce greenhouse gas emissions are directing the market towards low-global warming potential (GWP) blowing agents like isopentane.
• Isopentane is also becoming increasingly popular in the refrigeration and cooling systems due to its low boiling point and efficient heat absorption properties.
• As per the International Energy Agency’s (IEA) market report, the global investments in energy efficiency reached USD 560 billion in 2022, an increase of 16% as compared to 2021. The increasing awareness among the masses about the importance of energy efficiency to reduce carbon emissions and lower utility costs is driving the demand for insulation products, thereby propelling the growth of the market.
• Ongoing research and development (R&D) activities aimed at improving the performance and sustainability of foam insulations materials, including the development of new formulations and manufacturing processes utilizing isopentane is supporting the market growth.
• The World Bank’s report of 2023 claims that around 50% of the population resides in urban areas, which is expected to increase by 1.5 times to 6 billion by 2045. Rapid urbanization and industrialization in developing regions are increasing the construction of residential, commercial, and industrial infrastructure, which is catalyzing the demand for isopentane.
• Isopentane production has also witnessed a considerable surge due to the widespread investment in the petrochemical sector. According to IMARC Group’s report, the global petrochemicals market size reached US$ 616.0 Billion in 2023 and is expected to reach US$ 949.9 Billion by 2032.
• Rising collaborations between isopentane manufacturers, foam insulation producers, and other stakeholders in the supply chain are leading to opportunities in product development initiatives, which is bolstering the growth of the market.
• The market is also expanding as key players are focusing on product differentiation and value-added services to enhance competitiveness and meet evolving customer demands.

Isopentane News

The report covers the latest developments, updates, and trends impacting the global isopentane 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 isopentane production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that shape the industry landscape.

Latest developments in the isopentane industry:

• In 2024, Phillips 66 announced a major milestone in its conversion of the San Francisco refinery into the Rodeo Renewable Energy Complex, expanding commercial scale with production of approximately 30,000 barrels per day of renewable diesel.
• In 2023, ExxonMobil announced that they are investing nearly INR 900 crore to build a lubricant manufacturing plant at the Maharashtra Industrial Development Corporation’s Isambe Industrial Area in Raigad.

Product Description

Isopentane is a branched-chain saturated hydrocarbon with five carbon atoms. It is a colorless, flammable liquid at room temperature and pressure. It can be blended into gasoline to enhance its octane rating and combustion characteristics. It helps in creating lightweight, insulating materials with excellent thermal properties. It also consists of solvent properties, which makes it effective for degreasing metal surfaces, removing adhesives, and cleaning industrial equipment.

Additionally, it is used in histological procedures to freeze tissues rapidly for microscopy analysis. It is utilized as a blowing agent in the production of foam insulation and packaging materials. Besides this, it is employed in laboratory settings for freezing samples rapidly in applications like cryopreservation. It is also gaining traction as a refrigerant in some applications, mainly where its low boiling point and high vapor pressure are advantageous.

Regional Coverage

The report provides a detailed analysis of the isopentane market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends 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 price trends. 

Global Isopentane Price

The report offers a holistic view of the global isopentane pricing trends, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level.

Europe Isopentane Price

The European region has faced multiple challenges that influenced market dynamics and prices. The market sentiments remained negative due to weak demand and sufficient supply, driven by aspects like economic uncertainty, decreased client demand, and customers lowering stock levels. The decline in new orders led to reduced production and overall operating conditions within the market.  While isopentane accessibility was moderate, suppliers decreased stock levels without reporting any plant shutdowns.

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

North America Isopentane Price

In North America, the isopentane market underwent various noteworthy developments. Initially, a slight decrease in prices in October was noticed due to limited product accessibility, as demand showed lowered momentum and traders focused on managing existing stock levels. In November, there was a positive price trend attributed to modest demand and increased overseas inquiries. While, in December, the petrochemicals industry faced issues like increased freight expenses and extended shipping times, along with the impact of higher crude oil prices towards the end of 2023.

Specific data on isopentane prices within the United States and Canada can also be provided.

Middle East and Africa Isopentane Price

The report explores the isopentane 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 isopentane prices for countries can also be provided.

Asia Pacific Isopentane Price

During the fourth quarter of 2023 in the Asia Pacific region, the isopentane price was influenced by multiple factors. Firstly, limited accessibility of isopentane led to increased prices due to restricted supply and reduced merchant stock levels, which is creating optimistic market sentiments. Furthermore, moderate demand for isopentane was noticed, mainly in downstream industries like refrigerants, solvents, and construction.

This analysis can be further extended to include detailed isopentane prices for a comprehensive list of countries within the region.

Latin America Isopentane Price

The analysis of isopentane 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 isopentane 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 isopentane price volatility, 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, ensuring they remain at the forefront of the isopentane industry.