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Isopropyl Alcohol (IPA) Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2024 Edition
Report Format: PDF+Excel | Report ID: SR112024A22404
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Isopropyl alcohol Prices June 2024
| Product | Category | Region | Price |
|---|---|---|---|
| Isopropyl Alcohol (IPA) | Petrochemical | USA | 1297 USD/MT |
| Isopropyl Alcohol (IPA) | Petrochemical | South Korea | 1177 USD/MT |
| Isopropyl Alcohol (IPA) | Petrochemical | Germany | 1454 USD/MT |
In the second quarter of 2024, the U.S. isopropyl alcohol (IPA) prices saw an overall increase, driven by higher feedstock costs and seasonal demand. Although there was a slight decline in prices towards the end of the quarter due to reduced end-user inquiries, prices remained elevated, closing at 1297 USD/MT.
During Q2 2024, South Korea's IPA prices witnessed a notable drop, impacted by weak consumption from key industries and oversupply issues. Geopolitical tensions, along with currency fluctuations, further pressured prices downward. By the end of June, IPA prices were recorded at 1177 USD/MT, reflecting market challenges.
In Q2 2024, Germany's IPA market remained steady, with prices showing minimum fluctuations. Steady levels of supply and consistent raw material costs contributed to this stability. The quarter-end price was 1454 USD/MT, reflecting a market that balanced moderate demand with stable operational conditions.
Isopropyl alcohol Prices March 2024
| Product | Category | Region | Price |
|---|---|---|---|
| Isopropyl Alcohol (IPA) | Petrochemical | Belgium | 1641 USD/MT |
| Isopropyl Alcohol (IPA) | Petrochemical | China | 1173 USD/MT |
During the first quarter of 2024, the IPA prices in Belgium reached 1641 USD/MT in March. The market saw significant price changes, initially declining due to weak demand and currency devaluation. However, by March, prices rebounded as local buying activity increased, and disruptions in Antwerp affected the transportation sector. Overall, the market experienced fluctuating conditions during this period.
In the first quarter of 2024, IPA prices in China remained mostly stable amidst price fluctuations. The quarter ended with IPA priced at 1173 USD/MT in March. While supply chain disruptions and increased propylene costs influenced prices, the market showed resilience with continuous inventory levels and lowered consumption. Despite challenges, prices began to rebound in February due to hiked local and international purchasing.
Isopropyl alcohol Prices December 2023
| Product | Category | Region | Price |
|---|---|---|---|
| Isopropyl Alcohol (IPA) | Petrochemical | USA | 755 USD/MT |
| Isopropyl Alcohol (IPA) | Petrochemical | China | 1145 USD/MT |
The isopropyl alcohol prices in the United States for Q4 2023 reached 755 USD/MT in December. The market was driven by strong demand in healthcare and seasonal sectors, along with supply chain disruptions. Rising crude oil-linked propylene costs led to increased production expenses, pushing prices upward. Despite these obstacles, robust consumer spending and consistent market interest kept demand for IPA high throughout the quarter.
The price trend for isopropyl alcohol in China for Q4 2023, reached 1145 USD/MT in December. The market experienced significant price fluctuations due to changing supply-demand dynamics and economic conditions. The market faced pressures from reduced industrial demand and fluctuating raw material costs. However, strategic stock management and a gradual recovery in some sectors helped stabilize prices toward the end of the quarter.
Regional Coverage
The report provides a detailed analysis of the isopropyl alcohol (IPA) 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 isopropyl alcohol (IPA) price trend.
Global Isopropyl Alcohol (IPA) Price
The report offers a holistic view of the global isopropyl alcohol (IPA) pricing trends in the form of isopropyl alcohol (IPA) 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 the current price but also provides insights into isopropyl alcohol (IPA) historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.
The report also delves into isopropyl alcohol (IPA) 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 isopropyl alcohol (IPA) 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 Isopropyl Alcohol (IPA) Price
Q2 2024:
In the second quarter of 2024, Europe's IPA market exhibited stability. The market was characterized by minimal supply and demand changes, contributing to a steady pricing environment. Moreover, sufficient levels of supply and stable raw material costs, like propylene and acetone, helped maintain consistent IPA rates. However, subdued demand in end-use sectors like pharmaceuticals and solvents led to slow shipments and higher stockpiles. Additionally, the operating expense remained steady, with manufacturers accommodating contract orders and making necessary concessions.
Q1 2024:
In the first quarter of 2024, the European isopropyl alcohol (IPA) market experienced notable price fluctuations. Initially, the market saw a decrease in prices, which continued to fall before rising steadily toward the end. Early in the quarter, lowered demand, currency devaluation, along with increased freight expenses amid interruptions in trade contributed to lower prices. The depreciation of the euro currency against the dollar and excess supply resulted in stockpiling and reduced production rates. A resurgence in local buying activity in the last month of the quarter, coupled with the Euro's continued depreciation, led to higher rates. Moreover, disruptions from protests in Antwerp by farmers impacted the flow of exports and transportation, further strengthening prices.
Q4 2023:
In the fourth quarter of 2023, the isopropyl alcohol market in Europe, mainly in Belgium, experienced significant price fluctuations as a result of changing supply and demand dynamics. Initially, prices declined due to reduced buying interest and surplus inventory. However, midway through the quarter, prices began to stabilize as demand picked up, lifting market sentiment. The winter season brought about an increase in consumer demand, leading to strategic price adjustments. Merchants focused on depleting their inventories to meet the heightened needs, especially for essential IPA products. By the end of December, the market displayed signs of recovery, supported by robust procurement activities and strategic inventory management.
This analysis can be extended to include detailed isopropyl alcohol (IPA) 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 (IPA) Price
Q2 2024:
In the second quarter of 2024, North America's isopropyl alcohol (IPA) prices encountered a notable increase, with only a slight decline toward the quarter's end. Seasonal factors such as the need for disinfectants that contain IPA during summers, along with rising raw material propylene and crude oil rates, contributed to higher manufacturing costs. Moreover, interruptions in the supply chain and heightened freight expenses pressured prices upward. Despite this, prices fell marginally by the end of the quarter due to decreased end-user inquiries, though supplies remained balanced. This decline was driven by businesses eager to clear inventories despite reduced profit margins.
Q1 2024:
In Q1 2024, the North American IPA market experienced a general downward movement in prices despite a brief increase mid-quarter. The lowered product demand, increased changes in currency value, and trade interruptions contributed to the falling prices. Moreover, persistent lower demand from adjoining countries and decreased global prices negatively influenced the buying activity. Furthermore, disturbances in the Red Sea and increased geopolitical tensions affected trade, increasing freight costs and export challenges. This led to increased stockpiles of IPA, causing suppliers to provide discounts to increase demand. As the quarter progressed, prices stabilized due to decreased transportation costs and improved shipment efficiency. Nonetheless, weak overall purchasing sentiments continued to impact the market.
Q4 2023:
During Q4 2023, the North America isopropyl alcohol market saw a rise in prices due to strong demand from sectors like pharmaceuticals, healthcare, and personal care, along with seasonal needs for products like antifreeze. The supply chain disruptions and increased upstream costs, mainly linked to crude oil, further fuelled price hikes. The continuous growth in demand and consumer spending, coupled with higher production expenses from the propylene market, contributed to a consistent upward pricing trend throughout the quarter. Overall, the market dynamics reflected a strong appetite for isopropyl alcohol, maintaining its consumption at elevated levels despite the constraints.
Specific isopropyl alcohol (IPA) historical data 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 (IPA) Price
The report explores the isopropyl alcohol (IPA) 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 (IPA) 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. |
Asia Pacific Isopropyl Alcohol (IPA) Price
Q2 2024:
In the second quarter of 2024, the Asia Pacific IPA prices saw a downward movement due to a range of influencing factors. Weak consumption from key industries like solvents and pharmaceuticals, combined with high inventory levels, led to significant price declines. Moreover, trade flow interruptions coupled with geopolitical concerns accelerated challenges in logistics, resulting in excess domestic supply and further price reductions. Additionally, the increasing value of currencies in the region against the dollar diminished the buying capacity of importing countries and restricted procurement activities. Despite volatile feedstock and crude oil costs, the market showed some recovery towards the end of the quarter, with increased inquiries from end-users.
Q1 2024:
During the first quarter of 2024, the IPA prices in the Asia Pacific region saw major fluctuations. The market experienced upward pressure owing to increased product demand for end-use industries and interest from overseas manufacturers. Despite this, interruptions in supply chain dynamics, like shortages of labor and issues in logistics during the Lunar New Year in China, impacted manufacturing and exports. These disruptions, coupled with heightened propylene expenses, drove up IPA rates. Despite these challenges, prices eased later in the quarter as freight prices diminished and market conditions improved. Conversely, China's IPA market showed more stability due to excess stockpiles and lowered demand. The overall market saw prices rebound in February due to hikes in local and international purchasing. However, issues such as a limited workforce and higher freight expenses continued to affect trade dynamics.
Q4 2023:
In Q4 2023, the Asia-Pacific isopropyl alcohol market faced fluctuating prices, influenced by a mix of reduced inquiries and lower production rates, particularly in South Korea, where manufacturing contraction impacted the market. Early in the quarter, a downturn in demand led to hesitancy among producers to increase output, focusing instead on clearing existing inventories at reduced rates. Toward the end of the quarter, a moderate recovery in demand from pharmaceutical and industrial sectors supported a slight rebound in prices. Sufficient supply levels among traders helped balance the regional market by the close of December 2023.
This isopropyl alcohol (IPA) price analysis can be expanded to include 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 (IPA) Price
The analysis of isopropyl alcohol (IPA) 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. |
Isopropyl Alcohol (IPA) Price Trend, Market Analysis, and News
IMARC’s newly published report, titled “Isopropyl Alcohol (IPA) Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2024 Edition,” offers an in-depth analysis of isopropyl alcohol (IPA) 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 isopropyl alcohol (IPA) at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of isopropyl alcohol (IPA) price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.
The report examines the elements influencing isopropyl alcohol (IPA) 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 (IPA) Market Analysis
The global isopropyl alcohol (IPA) industry 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 (IPA) News
The report covers the latest developments, updates, and trends impacting the global isopropyl alcohol (IPA) industry, 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 (IPA) production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the isopropyl alcohol (IPA) price trend.
Latest developments in the isopropyl alcohol (IPA) industry:
- In June 2023, ExxonMobil announced that the company is planning to invest approximately USD 264 million in new projects in Baton Rouge area facilities. These projects will include a new unit to produce high-grade isopropyl alcohol for microchip manufacturing, a new resin production facility at ExxonMobil’s Port Allen lubricants plant, and an advanced plastics recycling facility. The project investment decision is expected to be finalized in the first half of 2024.
- In 2023, CEPSA, the Spanish oil and chemical firm to build world's first sustainable isopropyl alcohol plant in Spain with $80M investment. The plant will use only renewable or biobased raw materials and will be operational by 2025.
Product Description
Isopropyl alcohol is also known as isopropanol or IPA. It is a colorless, flammable chemical compound with a strong smell. Isopropyl alcohol is a versatile substance that serves multiple purposes across multiple industries. With the chemical formula of C3H8O isopropanol is widely used as a solvent, disinfectant, and cleaning agent. In the healthcare sector, isopropyl alcohol is one of the main ingredients in hand sanitizer and rubbing alcohols it is valued for its effectiveness in killing microbes and viruses. It is also essential in the manufacturing of cosmetics, pharmaceuticals, and electronics to clean and prepare the surface by removing oil and other contaminants. Because of its evaporative nature, its ability to dissolve a wide range of non-polar compound isopropyl alcohol is indispensable in both industrial and household settings.
Report Coverage
| Key Attributes | Details |
|---|---|
| Product Name | Isopropyl Alcohol (IPA) |
| Report Features | Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Isopropyl Alcohol (IPA) Price Analysis, and Segment-Wise Assessment. |
| Currency/Units | US$ (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, 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, Greece* North America: United States, Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, Peru* Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, 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
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| 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 (IPA) 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 (IPA) 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 isopropyl alcohol (IPA) price charts ensure our clients remain at the forefront of the industry.
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