|Molecular Weight||60.1 g/mol|
|Synonyms||Isopropanol, Isopropyl alcohol, 2-Propanol, Propan-2-ol|
|Region/Countries for which Data is available||
|Currency||US$ (Data can also be provided in local currency)|
|Supplier Database Availability||Yes|
|Customization Scope||Our services can be customized as per the requirements of the customer|
|Post-Sale Analyst Support||360-degree analyst support after service delivery|
Request for Real Time 2-Propanol Prices: https://www.procurementresource.com/resource-center/2-propanol-price-trends/pricerequest
2-propanol, also known as isopropyl alcohol or propan-2-ol or isopropanol, is an organic compound that comes in a colourless form. Besides, it is a flammable derivative alcohol and has a powerful alcoholic odour. Anatomically, 2-propanol is an isomer of 1-propanol along with ethyl methyl ether.
Smoke coming from 2-proponal is heavier and deeper as compared to air and is highly flammable hence, it is critical to keep it separate from heat and open flames. Also, 2-propanol is a skin irritant and therefore it is suggested to use gloves while handling the chemical.
Owing to the heavy demand for propanol and its derivatives in sectors like pharmaceuticals, printing, and cosmetics is propelling development of the market in India, China, and South Korea.
Similarly, because of the existence of numerous production facilities together with continuous growth of the end-use sectors are supporting the consumption of the product in the United States which has made the nation as one of the major markets for 2-propane globally.
On the other hand, Germany is one of the major 2-propanol producing nations in Europe. The primary reason behind this is the rising application of the product in pharmaceutical and speciality chemicals sectors.
Key Details About the 2-Propanol Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the 2-Propanol price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.
The 2-Propanol price chart, pricing database, and analysis can prove valuable for the procurement managers, directors, and decision-makers to build up their strongly backed up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting 2-Propanol Price Trend:
Industrial uses impacting 2-propanol price trend primarily include its application in the production of a large variety of manufacturing and domestic chemicals and is also a popular component in commodities like disinfectants, detergents, antiseptics, and hand sanitizer.
In addition, 2-propanol is utilised as a washing or maintenance liquid for oils, DVD, electrical contacts, eyeglasses, among other optical disc lenses, as well as for eradicating thermal pastes. Occasionally, it is also employed to trigger DNA for extractions.
2-propanol alcohol support solubilize water in gas-drying fuel extracts consequently preventing it from separating and freezing. Furthermore, the solvent is also used in paints and coating, and food beverages industries.
Key Market Players:
- Dow Chemical
- Mistral Industrial Chemicals
- INEOS Corporation
- ReAgent Chemicals Ltd.
- LyondellBasell Industries
- Linde Gas
News and Events:
- May 17, 2022 – not so long ago, the chief financial officer of Dow, Howard Unglade stated that irrespective of naphtha prices rising at a high-level, Dow owned steam crackers based in Europe are depended on their resilience to shift to propane as feedstock. In the meantime, the organization took measures to contend with the growing prices for natural gas as a source of energy.
- July 29, 2021 – there was an agreement signed between Eni and BASF on a collaborative R&D initiative in Italy and Germany to build a new technology in order to produce improved and superior bio-propanol by using gylcerin, which is a derivative from the manufacturing of industrial biodiesel (FAME, fatty acid methyl ester).
Related Price Trend:
- 2-Hydroxypropanoic Acid Price Trend – https://www.procurementresource.com/resource-center/2-hydroxypropanoic-acid-price-trends
- 2-Methylpropan-1-ol Price Trend – https://www.procurementresource.com/resource-center/2-methylpropan-1-ol-price-trends
Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.
We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team track the prices and production costs of a wide variety of goods and commodities, hence, providing you with the latest and consistent data.
To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients, with up-to-date and pioneering practices in the industry, to understand procurement methods, supply chain, and industry trends, so that they can build strategies to achieve maximum growth.
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