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Bio-Butanediol Price Trend and Forecast
Bio-Butanediol Price Trend and Forecast
Regional Price Overview
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 Second Half of 2023
Bio- Butanediol market trends were observed to be in close alliance with its feedstock glucose and raw sugar prices during the latter half of the year 2023. The price curve was largely plateaued for the third quarter with positive market inclinations. The gap between the supply and demand dynamics didn’t vary much, and a lukewarm performance was registered throughout the third quarter. However, things turned slightly southwards in the following quarter.
Bio-Butanediol Price Chart
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The Asian markets, particularly the Indian and the Chinese markets, experienced a swift depreciation in overseas orders, especially in the latter part of the quarter. This dip in export demands was primarily attributed to the freight disturbances global supply chains were experiencing at the time. This rippled into a supply excess at the source Asian markets and thus led to a downward pivoting of the bio-butanediol price curve in the said markets. Overall, mixed market sentiments were experienced.
Analyst Insight
According to Procurement Resource, the Bio-Butanediol price trends are likely to waver along similar lines in the coming months since the market drivers do not project much change given the current economic scenarios.
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 trend for Bio-butanediol kept on an inclined curve, given the uncertainties in the production and supply of its feedstock materials.
Analyst Insight
According to the Procurement Resource, the price trend 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 trend for Bio-Butanediol are mainly dependent on the price trend 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 trend for bio-butanediol remained sluggish during the said period.
Analyst insight
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 trend 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.
About
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.
Product Details
| Report Features | Details |
| Product Name | Bio-Butanediol |
| Industrial Uses | Production of bioplastics, Production of polyurethane, Production of adhesives |
| Chemical Formula | C4H10O2 |
| Synonyms | Bio-1.4-butanediol, Bio-BDO |
| 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.
Production Processes
- Production of Bio-Butanediol from Glucose; from Glucose via Direct Fermentation; from Raw Sugar
In this process, fermentation of glucose syrup take place to produce succinic acid, followed by its hydrogenation to produce bio-butanediol.
Methodology
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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