In H1 2023, Bio-Butanediol prices rose due to increased demand for bioplastics and biobased chemicals. The surge in sugar prices in India, caused by unpredictable rainfall and reduced inventory stocks, impacted the production cost of Bio-Butanediol. This, along with high downstream demand, led to an upward price trend amid feedstock uncertainties.
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Definition
Bio-Butanediol, also known as biobutanol or renewable butanediol, is a chemical compound with the molecular formula C4H10O2. It is a four-carbon alcohol that can be produced from organic sources like raw sugar, corn, or other biomass through microbial fermentation processes. Bio-Butanediol is considered a renewable and eco-friendly alternative to traditional petroleum-based butanediol.
Key Details About the Bio-Butanediol Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Bio-Butanediol in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Bio-Butanediol Price chart, including Bio-Butanediol barley price, USA Bio-Butanediol price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Bio-Butanediol Price Trend:
Bio-Butanediol has diverse industrial applications owing to its eco-friendly nature. It is used in the production of bioplastics, replacing conventional petroleum-based plastics. Additionally, it serves as a key ingredient in the manufacturing of polyurethanes, adhesives, and solvents.
Key Players:
- Genomatica, Inc. (USA)
- BASF SE (Germany)
- BioAmber Inc. (now known as Lanzatech) (USA)
- Cathay Industrial Biotech Ltd. (China)
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