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Isopropyl Acetate

Isopropyl Acetate Prices Overview

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Market Overview

Quarterly Update on Global Isopropyl Acetate Market

For the Quarter Ending December 2020

Asia

The price curve of Isopropyl Acetate took an uptrend taking cues from the upstream Iso propanol (IPA) and Acetic Acid prices. Tight supply of raw materials due to several plant shutdowns in Q4, both planned and unplanned supported the uptrend. Raw material availability remained disrupted¬¬ for almost half of the quarter as South Korea’s LG Chem curtailed operating rates at one of its IPA producing facility due to a fire accident. Isopropyl Acetate supply remained capped particularly in India and Japan due to container shortages prevailing in Asia. Demand however saw Q-o-Q improvement as traders were heard restocking ahead of the New Year holidays.

Europe

While demand for Isopropyl Acetate remained firm initially due to some stockpiling of Isopropyl Acetate as a feedstock for paints and printing ink formulations, sentiments turned mixed later in the quarter due to hovering concerns over the third wave of COVID-19 infections and fresh lockdowns in some European countries. Persistent tightness in the upstream propylene markets in December pushed up the IPAc price curve during the second half of the quarter. Tighter IPA imports from Asia prompted lower Isopropyl Acetate plant operating rates in Europe due to feedstock supply crunch.

North America

With the upstream IPA supply tightened due to global production issues, major Isopropyl Acetate manufacturers announced fresh round of increment in their Q4 2020 rates. US Isopropyl Acetate market showed strong response to the tightness across the Asian markets. Traders expressed worries over high container costs from east Asia as a result of maintenance turnarounds in some of the IPA producing units. Responding to market conditions, Eastman Chemical Co. announced increase in its December 2020 Isopropyl Acetate offers by USD USD 70 per Mt valid for both North America and Latin America. Dow also raised its Isopropyl Acetate offers USD 66 per Mt.

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Services

Market Analysis

Company-wise installed capacity, production volume and plant operating efficiency is captured directly from manufacturers. Import and Export volume is captured from government sources and demand for Isopropyl Acetate is calculated considering the production, import, export and inventory-levels on the country and regional level markets.

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Pricing Analysis

The product price is correlated with the price trend of crude oil, demand-supply gap, fluctuations in the feedstock and with the market movement of the downstream sectors.

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Company Profile

Basic details and information on financial performance of leading global players in the Isopropyl Acetate market is presented in a visually captivating manner. Expansion plans and the company’s strategy is also captured to understand the vision and mission of the company to help understand the areas where companies need to focus more.

News & Deals

Daily updates on industry-specific and product-specific news, exclusive primary-based news capturing plant shutdowns/outages/closures, capacity expansions, operating rates, insights on demand-supply situation, awarding of technology licenses, new product launch and deals specifying mergers and acquisitions, strategic investments and disinvestments, to help players capitalize on market opportunity.

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Methodology

ChemAnalyst gathers information through primary research surveys conducted with various isopropyl acetate manufacturers, spread across the domestic and international market, suppliers and dealers/distributors to gain insights into value-chains and demand-supply scenario to assess the market situation. Thorough study of company’s annual reports and secondary sources such as exhaustive search on credible paid databases, including our internal database is done to verify the information. All the collected information is analyzed, evaluated and presented in chronological order to depict a meaningful and clear picture of the concerned market.

Our dedicated team of industry experts comprehensively monitors and analyzes various aspects of the Global Diacetone Alcohol market. The team analyzes various industrial segments, strategic viewpoints and provides an analysis of the industry’s performance in the long run. This would enable our clients in efficiently plan their future investments, mitigate risk, understand the cost dynamics and strike out a balance amidst market volatility.

Critical examination of the impact of COVID-19 pandemic on the global supply chains and shift in demand patterns with change in buying behavior of consumers across the globe.

Several ongoing development projects across industries are tracked, followed by the details of major projects in the development stage, which can positively or negatively influence Global isopropyl acetate market.

Pricing is captured through exhaustive primary interviews with domestic and international manufacturers, traders and importers and customers on weekly, monthly and yearly basis.

Finally, region-specific markets for isopropyl acetate are analyzed and region-wise demand pattern is tracked.

About

Isopropyl acetate (C5H10O2) is an ester formed by the esterification of acetic acid and isopropanol. It is also known as 2-Propyl acetate or 1-Methylethyl acetate. It is a clear, colorless flammable liquid with UN hazard class 3 and packing group II. Isopropyl acetate has an intense fruity odor in both its liquid and vapor phase and can be harmful if taken in or inhaled. It is a widely used as a solvent for cellulose, plastics, oil and fats and is a component of some printing inks and perfumes. Isopropyl acetate is also used as a process solvent and in the extraction of organic products. Other important applications include manufacturing of active pharmaceutical ingredients (APIs), inks for food packaging and production of cosmetics additives.

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Isopropyl Acetate Prices Overview