H1 2023: In the first half of 2023, the Diisopropyl Ether market in the Asia Pacific region witnessed mixed prices. The price trend of Diisopropyl Ether exhibited varied sentiments in the Asian region throughout Q1 of 2023. At the onset of the quarter, prices experienced a decline attributed to reduced upstream costs. Midway through the quarter, there was an uptick in prices in China, driven by increased consumption. Concurrently, the surge in feedstock Propylene costs, influenced by constrained availability contributed to the price escalation. Conversely, prices in India witnessed a decline due to subdued orders from downstream industries. In March 2023, prices in India saw an increase as a consequence of weak production rates. In contrast, prices in China decreased due to sluggish offtakes and an excess availability of supplies. Initially, in Q2 2023, prices saw an increase, driven by cost support from upstream sources and elevated feedstock prices. In May 2023, the price trend exhibited mixed sentiments in Asia. Prices decreased in the primary producer, China, as inventories improved, and domestic buyers experienced reduced offtakes due to diminished demand from the paint and coating industries, influenced by a decline in consumption rates within the construction sector. Conversely, prices rose in India due to enhanced demand from downstream paint industries, constrained supply from Chinese exporters during the Labour Day Holidays, and heightened production costs following an increase in Isopropyl Alcohol prices.
The global Diisopropyl Ether market stood at approximately 460 thousand tonnes in 2022 and is anticipated to grow at a CAGR of 3.5% during the forecast period until 2032.
Diisopropyl ether (DIPE) is a versatile chemical compound finding application across diverse industries. Primarily recognized for its role as a solvent, DIPE is utilized in dissolving oils, fats, waxes, resins, and various organic compounds, contributing significantly to industrial processes. Its efficacy as an extraction medium further extends to applications in the pharmaceutical and chemical sectors, facilitating the separation and purification of specific compounds. As a reactive intermediate, DIPE plays a crucial role in the synthesis of various chemicals and pharmaceuticals, participating in the production of targeted organic compounds. Beyond its industrial applications, DIPE serves as a fuel additive in the automotive industry, enhancing combustion efficiency and reducing emissions when incorporated into gasoline and diesel fuels. Additionally, it finds application in cosmetic and personal care products, such as perfumes and fragrances, functioning as a solvent or diluent. The role of DIPE extends to the formulation of paints and coatings, where its solvency properties contribute to the application characteristics and overall performance of these products. Moreover, in the adhesive industry, DIPE serves as a solvent in the manufacturing of certain adhesives and sealants. While DIPE demonstrates versatility in various applications, its market size is likely to expand in the coming years and is anticipated to reach roughly 650 thousand tonnes by 2032.
Based on region, Asia Pacific region is the largest consumer of Diisopropyl Ether. The Asia Pacific region is poised to maintain its status as the largest consumer of Diisopropyl Ether (DIPE) due to several key factors. Rapid industrialization, particularly in emerging economies such as China and India, has led to increased demand for solvents and extraction media, where DIPE plays a pivotal role. The thriving pharmaceutical and chemical industries in the region further contribute to the high consumption of DIPE, given its essential role as a reactive intermediate in the synthesis of various compounds. Additionally, the automotive sector's growth, coupled with the use of DIPE as a fuel additive to improve combustion efficiency, enhances its demand. As the region experiences sustained economic development, there is a continuous rise in research and development activities, fostering the use of DIPE in laboratories. Overall, the combination of industrial expansion, robust chemical and pharmaceutical sectors, and increasing research endeavors positions the Asia Pacific region as a dominant and enduring consumer of Diisopropyl Ether.
Based on the end-user industry, the global Diisopropyl Ether market is divided into Paints & Coatings, Building & Construction, Fuel Additives, Solvent, and Others. Among these, Paints & Coatings dominates the global Diisopropyl Ether market.
Major players in the Global Diisopropyl Ether market are ExxonMobil Petroleum & Chemical BV, Haike Group, JX Nippon Oil & Energy, Xinhua Chemical, Changzhou Puhua, Ineos Solvents Germany GmbH, and Others.
Years considered for this report:
Historical Period: 2015- 2021
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2024-2032
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Objective of the Study:
• To assess the demand-supply scenario of Diisopropyl Ether which covers production, demand and supply of Diisopropyl Ether market in the globe.
• To analyse and forecast the market size of Diisopropyl Ether
• To classify and forecast Global Diisopropyl Ether market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Diisopropyl Ether market in the globe.
To extract data for Global Diisopropyl Ether market, primary research surveys were conducted with Diisopropyl Ether manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Global Diisopropyl Ether market over the coming years.
ChemAnalyst calculated Diisopropyl Ether demand in the globe by analyzing the historical data and demand forecast which was carried out considering the production of raw material to produce Diisopropyl Ether. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Diisopropyl Ether manufacturers and other stakeholders
• Organizations, forums and alliances related to Diisopropyl Ether distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Diisopropyl Ether manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global Diisopropyl Ether market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2022
460 thousand tonnes
Market size Volume in 2032
650 thousand tonnes
Growth Rate
CAGR of 3.5% from 2023 to 2032
Base year for estimation
2022
Estimated Year
2023
Historic Data
2015 – 2021
Forecast period
2024 – 2032
Quantitative units
Demand in thousand tonnes and CAGR from 2023 to 2032
Report coverage
Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Manufacturing Process.
Segments covered
By End-Use: (Paints & Coatings, Building & Construction, Fuel Additives, Solvent, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
North America, Europe, Asia Pacific, Middle East and Africa, and South America.
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Member - Board of Directors
Osaka Gas Co. Ltd
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What was the net market size of Diisopropyl Ether in terms of volume in 2022?
Ans:
The global market size of Diisopropyl Ether had reached approximately 460 thousand tonnes in 2022.
Q2.
Which region is the major consumer of Diisopropyl Ether?
Ans:
Asia Pacific region is the leading consumer of Diisopropyl Ether globally.
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