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Isopropyl Alcohol Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data
Report Format: PDF+Excel | Report ID: SR112024A22404
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Isopropyl alcohol Prices December 2023
| Product | Category | Region | Price |
|---|---|---|---|
| Isopropyl Alcohol | Petrochemical | USA | 755 USD/MT |
| Isopropyl Alcohol | Petrochemical | China | 1145 USD/MT |
The price of isopropyl alcohol (IPA) in the United States for Q4 2023 reached 755 USD/MT in December. The market remained favorable, with continued growth in both regional and international inquiries.
In the fourth quarter of 2023, the price of isopropyl alcohol (IPA) in the APAC region varied, reaching 1145 USD/MT in China, in December. Given the market situation in previous months, the availability of IPA among merchants and traders was sufficient to balance most incoming regional and international inquiries.
Isopropyl Alcohol Price Trend, Market Analysis, and News
IMARC’s newly published report, titled Isopropyl Alcohol Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data, offers an in-depth analysis of isopropyl alcohol 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 isopropyl alcohol 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.
Isopropyl Alcohol Market Analysis
The global isopropyl alcohol market size reached US$ 4.6 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 6.3 Billion, at a projected CAGR of 3.40% during 2023-2032.
- The extensive use of isopropyl alcohol as a solvent in the manufacturing of cosmetics, pharmaceuticals, and household cleaning products is driving the growth of the market across the globe. Isopropyl alcohol’s effectiveness in dissolving a wide range of non-polar compounds alongside its relatively low toxicity compared to other solvents makes it irreplaceable in the production of paints, inks, and general cleaning agents.
- The growing uses of isopropyl alcohol in the electronics industry for cleaning and degreasing electronic components and PCB is a critical step in ensuring the reliability and longevity of electronic devices which is contributing to the growth of the market. The global push towards more stringent cleanliness standards in manufacturing environments is further stimulating the demand for high-purity isopropyl alcohol thereby driving its market growth.
- The COVID-19 pandemic has underscored the critical role of isopropyl alcohol as a disinfectant which leads to an increase in demand that continues to influence the market significantly. Isopropyl alcohols’ efficiency in killing viruses and bacteria makes it a staple in hand sanitizers, rubbing alcohols, and hospital-grade disinfectants which contributes to its increased consumption across the world. According to an article, the WHO in 2015 recommended 80% concentration of ethanol and 75% isopropyl alcohol for “disinfectant: alcohol-based hand sanitizer”.
- In addition to this, the ongoing research and development (R&D) in the pharmaceutical sector requires isopropyl alcohol for various processes which includes the creation of medical devices and sanitizing equipment. The growing emphasis on hygiene and infection control in the healthcare sector globally ensures a sustained demand for isopropyl alcohol. According to an article in the National Library of Medicine, the mean frequency of handwashing, and hand disinfecting were 15.28 and 10.74 times per day, respectively, and the clean-up in the case of surface was 2.99 times a day. The frequency of hand washing and disinfecting in the women group (16.4 and 11.2 times a day) was higher than in the men (14.0 and 10.3 times a day) group.
Isopropyl Alcohol News
The report covers the latest developments, updates, and trends impacting the global isopropyl alcohol 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 isopropyl alcohol production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that shape the industry landscape.
Latest developments in the isopropyl alcohol industry:
- In 2022, The Dow Chemical Company announced the partnership with EcoSynthetix Inc. to develop novel bio-based, biodegradable, and low-carbon personal care products.
- In 2023, Cepsa, the Spanish oil and chemical firm to build world's first sustainable isopropyl alcohol plant in Spain with $80M investment. The plant will use only renewable or biobased raw materials and will be operational by 2025.
Product Description
Isopropyl alcohol is also known as isopropanol or IPA. It is a colorless, flammable chemical compound with a strong smell. Isopropyl alcohol is a versatile substance that serves multiple purposes across multiple industries. With the chemical formula of C3H8O isopropanol is widely used as a solvent, disinfectant, and cleaning agent. In the healthcare sector, isopropyl alcohol is one of the main ingredients in hand sanitizer and rubbing alcohols it is valued for its effectiveness in killing microbes and viruses. It is also essential in the manufacturing of cosmetics, pharmaceuticals, and electronics to clean and prepare the surface by removing oil and other contaminants. Because of its evaporative nature, its ability to dissolve a wide range of non-polar compound isopropyl alcohol is indispensable in both industrial and household settings.
Regional Coverage
The report provides a detailed analysis of the isopropyl alcohol 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 Isopropyl Alcohol Price
The report offers a holistic view of the global isopropyl alcohol 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 Isopropyl Alcohol Price
During Q4 2023, Isopropyl Alcohol (IPA) prices in Belgium fluctuated significantly. Initially, prices dropped due to a decline in downstream buying sentiment and excess availability. However, they rebounded in November, indicating a rise in supply-demand momentum. The increase in terminal operating rates contributed to a continuous rise in on-site procurement demand. Businesses strategically procured inventories for IPA, cautiously adjusting prices for select items during periods of heightened demand.
This analysis can be extended to include detailed isopropyl alcohol price information for a comprehensive list of countries.
| Region | Countries Covered |
|---|---|
| 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, among other European countries |
North America Isopropyl Alcohol Price
The Isopropyl Alcohol (IPA) market in North America during Q4 2023 experienced a surge in demand from various sectors, leading to a significant shortage and price surges. The increased costs in the upstream market also contributed to higher production expenses and subsequent price increases. However, the market situation remained favorable with ongoing growth in both regional and international inquiries. IPA's latest price in the USA for Q4 2023 was assembled at USD 755/MT.
Specific data on isopropyl alcohol prices within the United States and Canada can also be provided.
| Region | Countries Covered |
|---|---|
| North America | United States and Canada |
Middle East and Africa Isopropyl Alcohol Price
The report explores the isopropyl alcohol 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 isopropyl alcohol prices for countries can also be provided.
| Region | Countries Covered |
|---|---|
| Middle East & Africa | Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco, among other Middle Eastern and African countries. |
Aisa Pacific Isopropyl Alcohol Price
During Q4 2023, Isopropyl Alcohol (IPA) prices in the APAC region displayed fluctuations. South Korea's manufacturing sector recorded its 16th consecutive month of contraction in October, resulting in reluctance among merchants to intensify production activities. However, IPA prices rebounded slightly towards the end of the quarter, supported by a modest rise in purchasing enthusiasm from the downstream pharmaceutical and industrial sectors.
This analysis can be further extended to include detailed isopropyl alcohol prices for a comprehensive list of countries within the region.
| Region | Countries Covered |
|---|---|
| Asia Pacific | China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries. |
Latin America Isopropyl Alcohol Price
The analysis of isopropyl alcohol 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.
| Region | Countries Covered |
|---|---|
| Latin America | Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru, among other Latin American countries. |
Report Coverage
| Key Attributes | Details |
|---|---|
| Product Name | Isopropyl Alcohol |
| Report Features | Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Price Analysis, and Segment-Wise Assessment. |
| Currency/Units | US$ (Data can also be provided in local currency) or Metric Tons |
| Region/Countries Covered | The current coverage includes analysis at the global and regional levels only. Based on your requirements, we can also customize the report and provide specific information for the following countries: Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, 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* Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco* *The list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client. |
| Information Covered for Key Suppliers |
|
| Customization Scope | The report can be customized as per the requirements of the customer |
| Report Price and Purchase Option |
Plan A: Monthly Updates - Annual Subscription
Plan B: Quarterly Updates - Annual Subscription
Plan C: Biannually Updates - Annual Subscription
|
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
| Delivery Format | PDF and Excel through email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Benefits for Stakeholders:
- IMARC’s report presents a detailed analysis of isopropyl alcohol 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 isopropyl alcohol 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 isopropyl alcohol industry.
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- Speak to our experienced analysts for insights on the current market scenarios.
- Include additional segments and countries to customize the report as per your requirement.
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