Isopropyl Alcohol (IPA) a primary ingredient in rubbing alcohol and other common household products like cleansers, disinfectants, and hand sanitizers. The price of IPA normally remains in the range of 1000-1120 USD/MT. However, as the pandemic peaked in 2020, the price rose to 1780 USD/MT.
Isopropyl alcohol is used by the pharmaceutical industry. Alcohol swabs and wipes with a 70% concentration of IPA are used to clean wounds. It is also present in several oral mouthwash solutions. Asia Pacific is one of the fastest-growing markets for isopropyl alcohol, with China leading the way. Because it is commonly available in the region, it is be acquired in bulk at a reasonable price. Furthermore, the growing cosmetics and personal care business, rapid economic expansion, and rising income levels have all contributed to an increase in demand for isopropyl alcohol-based goods.
Procurement Resource provides latest prices of Isopropyl Alcohol. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
Procurement Resource provides prices of Isopropyl Alcohol for several regions around the globe, which are as follows:
About Isopropyl Alcohol:
Isopropyl alcohol appears to be a colourless, flammable chemical molecule with a pungent odour. The most basic sort of secondary alcohol is one in which the alcohol carbon atom is connected to two additional carbon atoms. It is both a structural isomer of 1-propanol and a structural isomer of ethyl methyl ether. It is a frequent constituent in chemical compounds such as antiseptics, disinfectants, and detergents, and is utilised in the creation of a wide range of industrial and domestic chemicals.
Isopropyl alcohol is made from high-quality (or polymer-grade) propene. Direct hydration of gaseous propene with water in the presence of acidic catalysts is used to produce this product, which is very popular in the United States. As a by-product, propyl alcohol is obtained in relatively small amounts.
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The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
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