During the first half of 2023, the Asian Butanal market witnessed fluctuating price trends, predominantly leaning towards the lower side. Weak demand from the adhesive, pharma, and agrochemical sectors, especially in China, coupled with high inventories from sluggish post-lockdown industrial revival, contributed to subdued market conditions. The Indian market initially demonstrated stability in supply-demand dynamics but later experienced a dip in demand, pulling prices down. Similarly, the European market mirrored the Chinese sentiments, facing reduced inquiries and increased Asian imports, resulting in lower prices. The North American market also encountered lackluster demand, prompting discounts for destocking, and maintaining a subdued outlook.
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Definition
Butanal is an aldehyde with the chemical formula C4H8O. It is a colorless liquid with a pungent odor and is primarily used as an intermediate in the production of various chemicals, including plastics, resins, and pharmaceuticals. Butanal also finds application as a flavoring agent in the food industry and as a solvent in certain industrial processes.
Key Details About the Butanal 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 Butanal 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 Butanal Price chart, including India Butanal price, USA Butanal 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 Butanal Price Trend:
Butanal serves as a crucial intermediate in various industrial applications. Its primary use lies in the production of plastics, resins, and pharmaceuticals, where it acts as a building block for synthesizing important chemical compounds. Additionally, the food industry utilizes Butanal as a flavoring agent due to its distinctive odor. Furthermore, it finds application as a solvent in certain industrial processes, contributing to its versatility and significance in different sectors.
Key Players:
- Mitsubishi Chemical Corporation
- Tokyo Chemical Industry Co., Ltd.
- KH Neochem Co. Ltd
- Eastman Chemical Company
- BASF SE
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