In the first and second quarters of 2023, the diisopropyl ether price trend in Asia, Europe, and North America witnessed fluctuations. In Asia, reduced upstream prices and sanctions on trade with Russia impacted market dynamics. Europe saw a slight rise initially, but declining offtakes from end-user industries and sluggish construction activity led to price declines. In North America, stable supply-demand equilibrium in Q1 was followed by a slight increase, but a labor strike, recession impact, and reduced demand from paints and construction sectors caused prices to decline.
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Definition
Diisopropyl ether (DIPE) is a colorless, volatile liquid with the molecular formula (CH3)2CHOCH(CH3)2. It has a low boiling point and a characteristic ether-like odor. DIPE is highly flammable and soluble in water and most organic solvents. It is commonly used as a solvent in various chemical reactions, particularly in Grignard reactions and other organometallic syntheses. Due to its reactivity and solvent properties, diisopropyl ether finds applications in several industrial processes and as a gasoline additive to enhance fuel performance. Careful handling and storage are essential due to its potential hazards.
Key Details About the Diisopropyl Ether 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 Diisopropyl Ether 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 Diisopropyl Ether Price Trend, including India Diisopropyl Ether price, USA Diisopropyl Ether price, pricing database, and analysis can prove valuable for 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 the Diisopropyl Ether Price Trend:
Diisopropyl ether (DIPE) has several industrial uses due to its unique properties. As a solvent, DIPE is widely utilized in chemical reactions, especially in Grignard reactions and other organometallic syntheses, facilitating the synthesis of various organic compounds. It finds application in the pharmaceutical industry as a reaction solvent and in the production of certain medications. In the fuel industry, DIPE is used as an additive in gasoline to enhance combustion efficiency and reduce emissions. Additionally, it serves as a solvent in the formulation of coatings, adhesives, and specialty chemicals. Its versatility and reactivity make diisopropyl ether a valuable compound in diverse industrial sectors, but safety precautions must be observed during handling and storage.
Key Players:
- Exxon Mobil
- Haike Group
- JX Nippon Oil and Energy
- Xinhua Chemical
- Changzhou Puhua
- INEOS
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