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1,4-Butanediol (1,4-BD) Price Trend and Forecast
Get the latest insights on price movement and trend analysis of 1,4-Butanediol (1,4-BD) in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
1,4-Butanediol Price Trend for the First Half of 2023
The 1,4-butanediol market witnessed an oscillating trend in the Asian Pacific region in both the first and second quarters of 2023. The prices were majorly affected by the on-off demand from the downstream sector and the lower number of inquiries due to the holiday season in China.
However, some slight incline was attributed to the rising operational rates and logistical challenges encored by the majority of suppliers. The weak performance of the 1.4 butanediol market was also because of disruptions in the supply chains due to the shutting of several manufacturing units because of a shortage in the availability of feedstock.
A stable price trend of 1,4-butanediol was observed in the European region in the first quarter of 2023. The prices were stagnant because of some minor economic fluctuations and high imports from Chinese manufacturers. In addition, the 1,4-butanediol was impacted by sluggish demand from the coating industry and the slow movement of the tetrahydrofuran sector. Owing to these uncertainties, the prices declined in the second quarter. This quarter was also affected by wide strikes from the union members, which lowered the rates of production, impacting the overall supply chain.
In the first quarter of 2023, the price trend of 1,4-butanediol inclined as it was supported by the rising demand and high feedstock prices. Along with this, the economic activities of the region gradually increased their pace, and as a result, the speed of production was stable during this time. However, in the second quarter, the prices nosedived because of the weak demand from the downstream industries.
The poor performance of construction, PTMEG, polymers, and other related sectors was a direct result of the rising inflation, which led to a significant rise in production costs. The manufacturers were not able to put up with these market dynamics, and as a result, the price trend of 1,4-butanediol declined in the second quarter of 2023.
According to Procurement Resource, the price of 1,4-butanediol is expected to remain volatile in the upcoming months. The major influencing factors dictating the price trend of 1,4-butanediol will be the demand from the end-user industries and the rising global inflation rates.
Procurement Resource provides latest prices of 1,4-Butanediol (1,4-BD). Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
1,4-Butanediol, also referred to as 1,4-BD, is a type of organic chemical. It's a colourless viscous liquid that's one of four stable butanediol isomers. Commercially, 1,4-butanediol is utilised as a solvent and in the production of polymers, elastic fibres, and polyurethanes. In organic chemistry, 1,4-butanediol is used to synthesise γ-butyrolactone.
|Automotive, Healthcare and pharmaceutical, Textile, Electric and electronics
|1,4-Butylene glycol, Tetramethylene glycol, 1,4-Dihydroxybutane, 1,4-Tetramethylene glycol
|The Dow Chemical Company, BASF SE, Invista, LyondellBasell Industries, Mitsubishi Chemical Corporation, ExxonMobil Chemicals, International Specialty Products, BioAmber Inc.
|Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand
Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
North America: United States and Canada
Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
|US$ (Data can also be provided in local currency)
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|The report can be customized as per the requirements of the customer
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Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
The catalytic reforming of naphtha occurs throughout this phase. The formation of 1,4-dimethylbenzene is achieved through a succession of distillation, adsorption or crystallisation, and reaction processes involving m-xylene, o-xylene, and ethylbenzene.
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
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Phone:+1 307 363 1045
Phone: +91 1203185500
Phone: +44 7537 132103