Get the latest insights on price movement and trend analysis of Bio-Butanediol in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Bio-Butanediol Price Trend for the First Half of 2023
Bio-Butanediol is produced from organic sources like raw sugars. The need to go green is rising, and the importance of bioplastics and other biobased chemicals is increasing rapidly. Bio-Butanediol prices remained inclined throughout the said period as the sugar prices surged in India because of unpredictable and uncertain rainfall situations and reduced inventory stocks.
The consistently high demand from the downstream sectors amid high prices of raw materials raised the upstream cost pressure for Bio-Butanediol, thereby exerting pressure on the overall market fundamentals. Hence, the price trends for Bio-butanediol kept on an inclined curve, given the uncertainties in the production and supply of its feedstock materials.
According to the Procurement Resource, the price trends for Bio-Butanediol will likely remain uncertain in the coming months. The high demands amid curtailed supplies and harsh weather conditions will drive the market for Bio-Butanediol.
Bio-Butanediol Price Trend for the Second Half of 2022
Bio-butanediol is extracted from raw sugar, so the price trends for Bio-Butanediol are mainly dependent on the price trends for raw sugar. America and Asia are the biggest producer of sugar directly influences the market for biochemicals. The Asia-Pacific region leads in the production of Bio-Butanediol and hence, controls the major Bio-Butanediol economy.
Owing to stabilising weather conditions, both Asia and America enjoyed bumper sugarcane production in H2 2022. But the year also witnessed strict supply chain disruptions and trade restrictions impacting global prices. Considering the market dynamics amid the economic crisis, sugar prices remained almost stagnant with little high swinging fluctuations. Therefore, the price trends for bio-butanediol remained sluggish during the said period.
According to Procurement Resource, the prices for Bio-Butanediol are going to remain almost stagnant in the coming quarter. The market demand and other upstream costs can influence the prices to some extent, but the overall feedstock production prospects look good.
Bio-Butanediol Price Trend For the First Half of 2022
Bio-Butanediol is derived via the hydrolysis of starch or glucose syrup. The raw sugar is converted to glucose or fructose and then to succinic acid. The price of feedstock raw sugars remained strong in the international market amid supply shortages due to trade bottlenecks and robust demand. With the USA and Latin America experiencing the worst weather conditions, a lousy harvest was recorded; thereby, the entire pressure to meet the world's sugar requirement came on Asia.
In the USA, the price was raw sugar peaked in April, averaging 808.38 USD/MT, and stabilized in June, averaging 797.18 USD/MT. The raw sugar prices in Brazil averaged 492 USD/MT towards the end of the second quarter. The heightened feedstock prices amid the increased demand for biobased chemicals caused the price trends for bio-butanediol to inflate globally.
Procurement Resource provides latest prices of Bio-Butanediol. 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.
BDO is an important raw material for basic organic chemicals and fine chemicals. One of the major factors for showing interest in bio-BDO by companies is to reduce the use of petroleum-based feedstocks in light of global oil prices. BDO is used as a cross-linking agent for thermoplastic urethanes, polyester plasticizers, paints and coatings, copolyester hot melt and solvent-borne adhesives. It is a versatile chemical intermediate because of its terminal, primary hydroxyl groups and its hydrophobic and chemical resistant nature.
|Industrial Uses||Production of bioplastics, Production of polyurethane, Production of adhesives|
|Molecular Weight||90.12 g/mol|
|Supplier Database||Ashland Inc, Dairen Chemical Corporation, Mitsubishi Chemical Corporation, Nan Ya Plastics Corporation|
|Region/Countries Covered||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
|Currency||US$ (Data can also be provided in local currency)|
|Supplier Database Availability||Yes|
|Customization Scope||The report can be customized as per the requirements of the customer|
|Post-Sale Analyst Support||360-degree analyst support after report delivery|
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.
In this process, fermentation of glucose syrup take place to produce succinic acid, followed by its hydrogenation to produce bio-butanediol.
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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