Iso Propyl Alcohol Demand Soars as Corona Spread Prevails Across the Globe
Rising concerns over the impact of coronavirus has weighed down the operations in several production units except those involved in manufacturing of cleaning products, as the industry seems to prosper with surging interest in buying sentiments. Cleaning goods companies are stepping up production in order to meet the robust rise in demand as sanitizer supply shortages could be easily observed in the Indian retail stores. As an immediate outcome of that, the demand for the products that go into alcohol-based hand sanitizers has astonishingly increased which has increased the pressure on the domestic prices of Iso Propyl Alcohol (IPA) and Ethanol which are the key ingredients in disinfecting liquids such as hand sanitizers. With IPA trading companies fighting for volumes, spot prices for Isopropanol (IPA) are likely to soar till the effects of the outbreak fade. As per the CDC (The Centers for Disease Control and Prevention) alcohol-free sanitation products aren't effective in killing as many germs as the alcohol containing may kill. In such a situation, the concerned buys are likely to opt for expensive alcohol-based sanitizers over Alcohol-free counterparts, thereby giving a spike to their regular demand.