In Q1 2023, isophorone diisocyanate (IPDI) prices remained stable in Asia due to feedstock market stability and robust demand. Polyurethane production units raised consumption, bolstering prices. However, Q2 saw a downturn due to weakened Asian currency and reduced downstream demand. In Europe, consistent IPDI supply, buyer reluctance, and increased inventories drove prices down. Initial Q2 stabilization waned due to low demand, trading sentiments, and production cost reductions. North America experienced Q1 price surges due to higher crude oil costs and growing end-user demand. Yet, Q2 faced challenges from inflation, US economic conditions, suppressed demand, and rising inventories, hindering IPDI price growth.
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Definition
Isophorone diisocyanate (IPDI) is a chemical compound used in the production of polyurethane coatings, adhesives, and elastomers. It is a colorless pale-yellow liquid with a pungent odor. IPDI exhibits high reactivity and excellent chemical resistance, making it valuable for durable and protective coatings. It offers low volatility and contributes to the formation of cross-linked polymers, enhancing material strength. IPDI is also known for its resistance to yellowing over time, ensuring the longevity of coated surfaces. However, proper handling and precautions are necessary due to its potential to cause skin and respiratory irritation.
Key Details About the Isophorone Diisocyanate 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 Isophorone Diisocyanate 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 Isophorone Diisocyanate Price chart, including India Isophorone Diisocyanate price, USA Isophorone Diisocyanate 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 Isophorone Diisocyanate Price Trend:
Isophorone diisocyanate (IPDI) finds essential industrial applications as a key component in the production of polyurethane coatings, adhesives, and elastomers. Its high reactivity enables the creation of durable and protective coatings with excellent chemical resistance. IPDI’s low volatility contributes to the development of high-performance adhesives that bond effectively in various conditions. It is also utilized in elastomers, enhancing their resilience and flexibility. IPDI’s versatility extends to the automotive, construction, and furniture industries, where its contributions to material strength and longevity are highly valued. However, careful handling is imperative due to potential health risks associated with its use.
Key Players:
- Covestro
- Evonik
- Vencorex
- Wanhua Chemical
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