The latest report titled “Isopropanol Production” by Procurement Resource, a global procurement research and consulting firm, provides an in-depth cost analysis of the production process of Isopropanol.
Procurement Resource study is based on the latest prices and other economic data available. It also offers additional analysis of the report with detailed breakdown of all cost components (capital investment details, production cost details, economics for another plant location, dynamic cost model). In addition, the report incorporates the production process with detailed process and material flow, capital investment, operating costs along with financial expenses and depreciation charges.
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Procurement Resource’s detailed report describes the stepwise consumption of material and utilities along with a detailed process flow diagram. Furthermore, the study assesses the latest developments within the industry that might influence Isopropanol production cost, looking into capacity expansions, plant turnarounds, mergers, acquisitions, and investments.
Procurement Resource Assessment of Isopropanol Production Process:
1. From Direct Hydration of Propylene: This report presents the detailed production methodology and cost analysis of Isopropanol industrial production across Isopropanol manufacturing plants. The manufacturing process initiates with the hydration of propylene, conducted in the presence of an acid catalyst. This reaction takes place under low temperatures and high pressure, inducing an exothermic reaction that yields isopropanol as the final product.
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2. From Catalytic Hydrogenation of Acetone: This report provides the thorough economics of Isopropanol industrial production across Isopropanol manufacturing plants. The synthesis commences with the chemical union of hydrogen and acetone, under the influence of a catalyst. This catalyzed reaction results in the production of crude isopropanol (IPA). The ensuing product undergoes further purification through distillation to yield isopropanol as the final product.
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Product Definition:
Isopropanol, also known as isopropyl alcohol or IPA, is a colorless, flammable liquid with the chemical formula C₃H₈O. It is a secondary alcohol and one of the most widely used solvents in various industries. Isopropanol is commonly employed as a cleaning agent, disinfectant, and antiseptic due to its ability to kill bacteria and viruses. It evaporates quickly and leaves no residue, making it suitable for electronics, medical, and cosmetic applications. In the pharmaceutical and laboratory settings, it serves as a versatile solvent. Isopropanol is also a key ingredient in the production of hand sanitizers. While it has diverse industrial uses, precautions are necessary as it is highly flammable, and prolonged skin contact can cause dryness and irritation.
Market Drivers:
The market drivers for isopropanol are multifaceted and stem from its versatile applications. The global demand for hand sanitizers and disinfectants, especially in response to public health concerns such as the COVID-19 pandemic, significantly propels the isopropanol market. Additionally, its role as a key solvent in various industries, including pharmaceuticals, cosmetics, and electronics, contributes to sustained demand. The expanding healthcare sector and increasing awareness of hygiene practices further drive isopropanol's market growth. Its efficacy as a cleaning agent, coupled with its quick evaporation and lack of residue, positions it as a preferred choice in manufacturing and industrial processes. As industries continue to prioritize cleanliness and sanitation, the demand for isopropanol is expected to remain robust, making it a pivotal component in various essential products and applications.
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