isopropyl alcohol Pricing Assessment

Markets Covered:

United States

Thailand

China

India

Mexico

Taiwan

Indonesia

Canada

Brazil

Isopropyl Alcohol Price Trend, Analysis and Forecast

As of July 2024, IPA prices are fluctuating, reflecting a 6% decrease from the previous month.

In Q1, 2024, the IPA market in North America saw no change in price trends. Whereas the IPA market in Asia saw a substantial rise in prices, with an increase of 22%.

However, in Q2,2024 the IPA market in North America experienced the percent change of 6% in the price trend. Whereas 2024 the IPA market in Asia saw a substantial rise in prices, with an increase of 4%.

In Q3, 2024, the price trend for isopropyl alcohol (IPA) will be shaped by variations in both production levels and demand. These fluctuations will play a key role in determining how IPA prices move during this period.

InQ4,2024, the Isopropyl Alcohol market continues to experience upward price pressure as the region is home to a strong pharmaceutical and healthcare industry that depends on IPA for various applications. Furthermore, the electronics and semiconductor sectors in North America also play a crucial role in driving the demand for IPA.

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is your trusted resource for tracking global isopropyl alcohol price trends. Our platform delivers real-time data and expert analysis, offering deep insights into the key factors driving price fluctuations in the isopropyl alcohol market. By monitoring critical events such as geopolitical tensions, supply chain disruptions, and economic shifts, keeps you fully informed of market dynamics.

In addition, provides detailed forecasts and updates on production capacities, enabling you to anticipate market changes and make well-informed decisions. With , you gain a competitive edge in understanding all the elements that influence isopropyl alcohol prices worldwide. Stay ahead of the curve with ’s reliable, accurate, and timely isopropyl alcohol market data.

Track 's isopropyl alcohol price assessment on a weekly basis since 2015 onwards, along with short-term forecasts, and get access to the detailed report in a downloadable format.

Historically, several events have caused significant fluctuations in isopropyl alcohol prices

Russia-Ukraine Conflict (2022-Present): In essence, while the direct effects on IPA may be limited, the indirect consequences of the conflict on the global economy and supply chains can significantly impact its cost, availability, and pricing.

Texas Winter Storm (2021): The effects included potential shortages, increased prices, and delays, reflecting the broader challenges faced by industries dependent on stable infrastructure and supply chains.

COVID-19 Pandemic (2020): COVID-19 led to a dramatic increase in demand for isopropyl alcohol, which in turn created challenges related to production, supply chain logistics, and pricing. The pandemic highlighted the critical role of IPA in public health and drove significant changes in both the market and production practices.

Geopolitical Tensions (2018-2019): It contributed to potential shortages, Lower prices, and decreased market volatility for isopropyl alcohol during this period.

Global Financial Crisis (2008-2009): The crisis led to a challenging period for the isopropyl alcohol market, characterised by reduced demand, lower prices, and financial instability within the industry.

Hurricane Katrina (2005): Hurricane Katrina’s impact on the IPA market was marked by significant disruptions to production and supply chains, leading to increased prices and market instability during the recovery period.

Oil Price Shocks (1970s-1980s): Oil price shocks can lead to increased production costs, price volatility, and adjustments in market dynamics for isopropyl alcohol, affecting both producers and consumers.

These events underscore the Isopropyl Alcohol market’s vulnerability to global disruptions and highlight the need for continuous monitoring of supply-demand dynamics.

Methodology and Specifications

isopropyl alcohol Pricing Assessment Research Methodology

Data Collection and Sources

Real-Time Market Data: aggregates real-time pricing data from a diverse range of sources, including global commodity exchanges, industry reports, and proprietary databases. This ensures that our assessments reflect the most current market conditions.

On-the-Ground Intelligence: Our team gathers insights directly from key market participants, including producers, suppliers, traders, and end-users, across major isopropyl Alcohol production hubs. This ground-level intelligence is crucial for understanding localized market dynamics.

Supply Chain Monitoring: We track the entire Isopropyl Alcohol supply chain, from raw material availability (e.g., propylene, acetone) to production and distribution channels. This includes monitoring feedstock prices, production capacities, and transportation logistics.

Event Tracking and Impact Analysis

Geopolitical Tensions: continuously monitors global geopolitical developments, such as conflicts or trade disputes, which can significantly impact IPA prices. Our analysis includes potential disruptions to supply chains and their immediate and long-term effects on pricing.

Natural Disasters and Climate Events: We assess the impact of natural disasters, such as hurricanes or winter storms, on Isopropyl Alcohol production facilities, particularly in vulnerable regions like the U.S. Gulf Coast. These events are factored into our price forecasts and supply outlooks.

Economic Shifts: evaluates macroeconomic trends, including global economic growth, inflation rates, and sector-specific demand (e.g., automotive, packaging), to predict shifts in IPA demand and corresponding price movements.

Production Capacity and Supply Analysis

Current Production Monitoring: We maintain a comprehensive database of global isopropyl Alcohol production facilities, tracking their operational status, maintenance schedules, and output levels. This allows us to assess current supply availability accurately.

Future Capacity Projections: Our research includes detailed forecasts of upcoming Isopropyl Alcohol production capacities, factoring in new plant constructions, expansions, and technological advancements. This helps in predicting future supply trends and potential price stabilization.

Demand Forecasting

Sectoral Demand Analysis: provides in-depth analysis of demand trends across key sectors, including packaging, automotive, and construction. We track year-on-year demand growth and project future consumption patterns based on economic indicators and industry developments.

Global Demand Dynamics: Our methodology considers regional demand variations and how they influence global Isopropyl Alcohol pricing. This includes understanding the impact of shifts in manufacturing bases, trade policies, and environmental regulations.

Pricing Model Development

Dynamic Pricing Models: utilizes advanced econometric models to forecast IPA prices, incorporating real-time data, historical trends, and projected market conditions. Our models are continuously refined to enhance accuracy and predictive power.

Scenario Analysis: We conduct scenario-based assessments to evaluate potential future market conditions. This includes best-case, worst-case, and most likely scenarios, helping our clients prepare for a range of market outcomes.

Reporting and Client Support

Comprehensive Reports: Our clients receive detailed reports that include current price assessments, future price forecasts, and in-depth analysis of market drivers. These reports are designed to be actionable, providing clear insights and recommendations.

Ongoing Support: offers continuous updates and personalized support to our clients, ensuring they have the most up-to-date information to make informed decisions. Our experts are available to discuss specific market developments and provide tailored advice.

This research methodology ensures that delivers the most accurate, timely, and actionable Isopropyl Alcohol pricing assessments, helping our clients stay ahead of market trends and make informed business decisions.

Specifications

Molecular Weight[g/mol]

60.1 g/mol

CAS No

67-63-0

HS Code

29051220

Molecular Formula

C3H8O

isopropyl alcohol

Isopropyl Alcohol (IPA), also known as 2-propanol, is a clear, colourless, and highly volatile liquid with a characteristic Odor. It is a versatile solvent and disinfectant widely used across various industries due to its effective cleaning, degreasing, and antimicrobial properties. IPA is available in different purities, commonly 70% and 99%, tailored to specific applications.

Packaging Type

ISOTANKS

Grades Covered

Industrial Grade/Technical Grade

Incoterms Used

FOB China, FOB USA, FOB Taiwan, CIF India (China), CIF Indonesia (China), CIF Thailand (China), CIF Mexico (USA), CIF Brazil(USA), CIF Canada(USA), Ex-Kandla.

Synonym

propan-2-ol

Quotation Terms:

15-20 MT(India), 25-28MT(Global)

Ex-Location: This incoterm refers to a shipping agreement where the seller makes the goods available at their premises, and the buyer is responsible for all transportation costs, including shipping, insurance, and any other fees.
CIF: CIF refers to the Cost, Insurance, and Freight (CIF) terms for goods. Under CIF terms, the seller is responsible for the cost of goods, insurance, and freight charges until the goods reach the port of destination.
FD: FD stands for Free Delivered where the seller takes full responsibility for delivering goods to the location/port. This ensures the buyer receives the goods at the designated port with all necessary costs, except import duties, covered.
FOB: FOB refers to the Free On-Board shipping term, where the seller is responsible for the cost and risk of delivering the goods to the port. Once the goods are on board the vessel, the responsibility shifts to the buyer for all costs, including shipping and insurance.

Property	Specification
Appearance	Colourless Liquid
Freezing Point	-88.5°C (-123.7°F)
Boiling Point @ 760mm Hg	82.2°C (180.0°F)
Flash Point – Closed Cup	12°C (53°F)
Autoignition Temperature	425°C
Density @ 20°C	0.787 kg/L 6.57 lb/gal
Vapor Pressure @ 20°C	4.1 kPa
Solubility in Water @ 20°C	Miscible
Surface Tension @ 20°C	23 mN/m
Refractive Index @ 20°C	1.376
Viscosity @ 20°C	2.4 cP
Lower Explosive Limit	2 v/v%
Upper Explosive Limit	12 v/v%
Heat of Vaporization @ normal boiling point	664 kJ/kg
	31000
Odor Threshold	22 ppm
Evaporation Rate (nBuAc = 1)	1.5
Conductivity @ 20°C	6 μS/m
Dielectric Constant @ 20°C	18.6
Specific Heat @ 20°C	2.6 kJ/kg/°C

Applications

It is used heavily in the electronics industry. It is great for cleaning screens, stencils, fiber optics, cables, keypads, printed circuit board components, or electrical contacts and connectors. It is also used to clean oxides and grime on audio or video tape heads. It effectively removes light greases, oils, and flux without adding additional residues to contacts, relays, and circuit boards connectors. It is quick drying relative to water. Further, it can be used to wash off more aggressive organic solvents like acetone or toluene.

Disclaimer

Isopropyl Alcohol price provided by is a base price and excludes VAT/Taxes, discounts, or offers. The information herein is accurate to the best of our knowledge as of the date indicated and is provided solely for the convenience of our customers as a reference for isopropyl alcohol. disclaims any warranties or representations regarding the accuracy of results derived from this information. It is the sole responsibility of the user to assess the suitability of the product for their specific application. This document does not constitute an endorsement to use the product in violation of any applicable patent rights.

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Frequently asked questions

How do current market trends impact the pricing of IPA? +

The pricing of IPA can fluctuate based on several factors tied to global market trends. A key influence is the supply and demand dynamics within the chemical and manufacturing sectors. When demand spikes—such as during a global health crisis or peak industrial season—prices tend to rise. Additionally, the cost of raw materials, particularly propylene, directly affects IPA production costs. Disruptions in production due to supply chain issues, geopolitical tensions, or natural disasters can also lead to significant price increases. In a market that’s highly sensitive to these variables, procurement heads need to monitor not only industry reports but also news related to raw material sourcing, shipping delays, and shifts in regulatory landscapes that could impact pricing.

What factors should we consider when negotiating IPA prices with suppliers? +

When negotiating IPA prices with suppliers, it's important to consider a mix of both qualitative and quantitative factors. Beyond the base cost of the commodity itself, procurement heads should evaluate factors like supplier reliability, delivery lead times, payment terms, and flexibility in meeting fluctuating demand. Understanding the full value chain—such as whether the supplier has access to sustainable or cost-effective raw materials, or if they face logistical challenges—can give you more leverage in negotiations. Additionally, considering the total cost of ownership (TCO) can be more insightful than simply focusing on price alone. That means factoring in things like transportation costs, quality assurance, and after-sales service, all of which can add or reduce long-term value.

How can we predict IPA price trends for the upcoming quarter? +

Predicting IPA price trends for the next quarter involves a combination of industry analysis, historical data, and close monitoring of external market factors. Procurement heads should stay informed by reviewing reports from industry groups, suppliers, and financial analysts who specialize in chemical commodities. Additionally, tracking key indicators such as changes in crude oil prices, fluctuations in the production of propylene, and any disruptions in global supply chains is essential. Long-term trends in the global economy—such as shifts toward green chemistry or technological advancements in manufacturing—can also play a role. Finally, maintaining open communication with key suppliers and staying updated on their forecasts can give you a clearer view of future pricing and help you anticipate changes ahead of time.