Butanediol Prices December 2023
Product
|
Category |
Region |
Price |
Butanediol |
Petrochemicals |
USA |
1,573 USD/MT (1-4 Butanediol) |
Butanediol |
Petrochemicals |
South Korea |
1,348 USD/MT (1-4 Butanediol) |
Butanediol |
Petrochemicals |
Germany |
1,783 USD/MT (1-4 Butanediol) |
The price of butanediol in the United States for Q4 2023 reached 1,573 USD/MT in December. The increasing mortgage rates and limited accessibility of homes negatively affected the butanediol market in the country. Additionally, the static demand governed the overall prices of butanediol in the US market, resulting in a stable market throughout the quarter.
The price trend for butanediol in South Korea decreased by 11% compared to the same in Q4 2022 and reached 1,348 USD/MT in December 2023. However, the prices in the second half of the quarter decreased by 10% compared to the first half. Overall, the trend and seasonality of market prices in the region remained negative.
In Germany, butanediol prices, reached 1,783 USD/MT, due to the decline of the construction sector and lack of demand played an essential role in the overall price dynamics. The price trend in the country remained stable throughout the quarter. There was no change in prices compared to the same quarter last year.
Butanediol Price Trend, Market Analysis, and News
IMARC’s newly published report, titled Butanediol Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data, offers an in-depth analysis of butanediol pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.
It encompasses an in-depth review of spot prices at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of price trends across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.
The report examines the elements influencing butanediol price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.
Butanediol Market Analysis
The global butanediol market size reached US$ 12.7 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 25.7 Billion, at a projected CAGR of 8.20% during 2023-2032.
- Butanediol is largely utilized as a key raw material in the production of polyurethane, which has extensive applications in the construction, automotive, and furniture sectors.
- It is also gaining traction as a precursor to tetrahydrofuran (THF), which is used in the manufacturing of spandex fibers, elastane fibers, and solvents.
- The growing focus on sustainable practices and environmental regulations are driving research and development (R&D) activities to produce butanediol from renewable feedstocks.
- Butanediol production is showing an upward trajectory because of its growing use in the automotive interiors, exterior parts, and under-the-hood components.
- The market share is also expanding due to the increasing use of butanediol in the chemical, automotive, and construction sectors, owing to rising industrialization and urbanization in emerging nations. According to the World Bank report 2023, it is projected that around 50% of the population lives in urban areas, which is expected to increase by 1.5 times to 6 billion by 2045.
- Butanediol production has also witnessed a considerable rise due to the escalating demand for high-performance polymers with superior mechanical properties and resistance to heat, chemicals, and abrasion.
- A positive trend for the market is also being created by the increased use of butanediol in beauty and personal care products on account of its moisturizing and solvent properties. As per IMARC Group’s market report, the global beauty and personal care products market is expected to reach US$ 759.3 Billion by 2032.
- The market is also expanding due to the infrastructural development initiatives across numerous regions, thereby catalyzing the demand for butanediol-based products like thermoplastic polyurethane (TPU) for applications in pipes, cables, and coatings.
Butanediol News
The report covers the latest developments, updates, and trends impacting the global butanediol market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in butanediol production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that shape the industry landscape.
Latest developments in the butanediol industry:
- In 2022, BASF SE, the largest chemical producer in the world, along with Henkel, a German multinational chemical and consumer goods company, jointly announced to replace carbon feedstock obtained through fossil fuels with renewable feedstock over the coming years.
- In 2021, Genomatica, a Californian biotech company licensed its GENO BDO biomanufacturing process technology to Cargill, to produce renewable 1,4-butanediol (BDO).
Product Description
Butanediol is a colorless and odorless liquid with a slightly sweet taste. It is a non-natural product manufactured from petroleum goods, and it can also be manufactured from renewable resources like biomass. It is a pioneer in the manufacturing of various polymers, including polyurethanes, polyester resins, and thermoplastic polyesters.
Butanediol is an effective solvent for various substances, making it beneficial in industrial cleaning, paint, and coating formulations. It is used to make paint thinner, floor stripper, and as a component in ink production. Besides this, in the cosmetic and personal care industry, BOD is utilized as a humectant, providing moisture retention properties to formulations like lotions, creams, and hair care products. Moreover, BOD is employed to stimulate growth hormone production and muscle growth, and for bodybuilding, weight loss, and insomnia.
Regional Coverage
The report provides a detailed analysis of the butanediol market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the price trends.
Global Butanediol Price
The report offers a holistic view of the global butanediol pricing trends, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level.
Europe Butanediol Price
The butanediol market in the European region remained stable, with prices holding constant due to consistent imports and a lack of fresh inquiries. Furthermore, the growing competition faced by suppliers from the Asian market contributed to the stability of prices. There was no change in the prices compared to the same quarter last year. Also, the price percentage comparison of the first and second half quarters remained the same. Altogether, the market remained steady with few changes during the last quarter.
This analysis can be extended to include detailed butanediol price information for a comprehensive list of countries.
Region |
Countries Covered |
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, among other European countries. |
North America Butanediol Price
In North America, the butanediol market has experienced significant fluctuations, impacted by various aspects. The limited availability of feedstocks caused a rise in manufacturing costs, leading to an increase in market prices. Moreover, the demand for butanediol remained moderate in the downstream industries. In addition, the correlation price percentage in the USA was negative, leading to a decline in prices throughout the quarter.
This analysis can be further extended to include detailed butanediol prices for a comprehensive list of countries within the region.
Region |
Countries Covered |
North America |
United States and Canada |
Middle East and Africa Butanediol Price
The report explores the butanediol pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.
In addition to region-wise data, information on butanediol prices for countries can also be provided.
Region |
Countries Covered |
Middle East and Africa |
Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco, among other Middle Eastern and African countries. |
Asia Pacific Butanediol Price
The butanediol market in the Asia Pacific region was characterized by stable supply and subdued post-festive demand, leading to overall stability in prices. However, in China, the BOD market faces negative growth due to low demand in downstream industries. Additionally, the construction sector in China remained under pressure, which was further impacting the market. Moreover, India declared a five-year halt on the establishment of new coal power plants, excluding the ones that are already there in the planning stage, impacted the demand of butanediol.
This analysis can be further extended to include detailed butanediol prices for a comprehensive list of countries within the region.
Region |
Countries Covered |
Asia Pacific |
China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries. |
Latin America Butanediol Price
The analysis of butanediol prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.
This comprehensive review can be extended to include specific countries within the region.
Region |
Countries Covered |
Latin America |
Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru, among other Latin American countries.Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru, among other Latin American countries. |
Report Coverage
Key Attributes |
Details |
Product Name |
Butanediol |
Report Features |
Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Price Analysis, and Segment-Wise Assessment. |
Currency/Units |
US$ (Data can also be provided in local currency) or Metric Tons |
Region/Countries Covered |
The current coverage includes analysis at the global and regional levels only.
Based on your requirements, we can also customize the report and provide specific information for the following countries:
Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, 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*
Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco*
*The list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client. |
Information Covered for Key Suppliers |
- Company Overview
- Business Description
- Product Portfolio
- Recent Trends and Developments
|
Customization Scope |
The report can be customized as per the requirements of the customer |
Report Price and Purchase Option |
Plan A: Monthly Updates - Annual Subscription
- Scope
- Historical Data for the Current Month
- Forecast for Next Month
- Total Deliverables Per Year: 12 (One Per Month)
- Includes: One PDF and Excel datasheet per month, Post Purchase Analyst Support throughout the year
Plan B: Quarterly Updates - Annual Subscription
- Scope
- Historical Data for the Current Quarter
- Forecast for Next Quarter
- Total Deliverables Per Year: 4 (One Per Quarter)
- Includes: One PDF and Excel datasheet per Quarter, Post Purchase Analyst Support throughout the year
Plan C: Biannually Updates - Annual Subscription
- Scope
- Historical Data for the Current Half
- Forecast for the Next Half
- Total Deliverables Per Year: 2 (One Per 6 Months)
- Includes: One PDF and Excel datasheet per Half, Post Purchase Analyst Support throughout the year
|
Post-Sale Analyst Support |
360-degree analyst support after report delivery |
Delivery Format |
PDF and Excel through email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Benefits for Stakeholders:
- IMARC’s report presents a detailed analysis of butanediol pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
- The study examines factors affecting butanediol price volatility, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
- The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
- IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights, ensuring they remain at the forefront of the butanediol industry.