Dichloropropane price October 2024 and outlook (see chart below)
- Northeast Asia:US$0.28/KG, unchanged
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Dichloropropane price index
This post is a summary of the Dichloropropane price developments. The price developments of Dichloropropane are expressed in US$ prices converted FX rates applicable at the time when the price was valid. Dichloropropane price index developments are calculated from multiple separate sources of data to ensure statistical accuracy.
The outlook for Dichloropropane prices is generated from different inputs including:
- Very recent price developments of immediate cost drivers of Dichloropropane prices
- Recent price developments of underlying feedstocks which drive the price of Dichloropropane
- Market futures for both cost drives and feedstocks of Dichloropropane prices
- Adjustment of current supply/demand imbalances in the Dichloropropanee market
- Longer term trends in likely demand conditions
Further information on the Dichloropropane price chart
What is Dichloropropanee
Dichloropropane (1,2-Dichloropropane) is a chlorinated hydrocarbon with the formula C₃H₆Cl₂. It exists as a colorless, flammable liquid with a chloroform-like odor.
How is Dichloropropane produced
Dichloropropane is primarily produced as a by-product in the manufacture of propylene oxide. It is created through chlorination of propylene or propane in the presence of chlorine gas. The reaction produces a mixture of chlorinated compounds, including dichloropropane, which is then separated through distillation.
What is Dichloropropane used for
Solvent
Dichloropropane is widely used as an industrial solvent for oils, fats, waxes, and resins.
Fumigant
It was historically used as a soil fumigant and pesticide, but its use in this area has declined due to environmental and health concerns.
Chemical Intermediate
It serves as a precursor in the production of other chemicals, such as in the synthesis of perchloroethylene and carbon tetrachloride.
Degreasing Agent
Used in cleaning and degreasing applications, particularly for metal parts.
Due to its toxicity and environmental persistence, dichloropropane use has been restricted or regulated in many countries.
How big is the global Dichloropropane market
The global 1,2-Dichloropropane (DCP) market is relatively small compared to other industrial chemicals due to the declining use of DCP as a fumigant and stricter environmental regulations. However, it still plays a role in industrial applications such as solvents and chemical intermediates.
Market Size and Growth
Market Valuation (2023): The global 1,2-dichloropropane market was valued at approximately USD 150-200 million in 2023.
Growth Rate: The market is expected to grow at a modest CAGR of 2-3% from 2023 to 2030, with demand driven by its role as a solvent and chemical intermediate in industrial processes.
Key Drivers
Solvent Use: Continued use in degreasing, cleaning, and solvent applications in industries like manufacturing and metalworking.
Chemical Intermediate: DCP is used in the production of chemicals such as perchloroethylene and carbon tetrachloride.
Emerging Markets: Demand from developing regions where regulations may be less stringent.
Challenges
Environmental Regulations: Due to its toxicity and potential health hazards, many countries have restricted the use of dichloropropane, especially in agriculture.
Conclusion
The 1,2-dichloropropane market is relatively niche, with growth constrained by regulations, but its industrial applications keep it relevant in certain sectors.