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Bio- Butadiene price trends exhibited borderline stagnancy as they followed the feedstock sugar and corn market sentiments closely. Bio- Butadiene is important to revolutionize the plastic and polymer industry by making them a little more environmentally viable. Hence, the demands are gradually rising as the sector grows. However, during the said period of H2’23 the demands were found to be marginally muted as the industrial activities suffered because of various geopolitical reasons.
The feedstock availability was largely sufficient, while some of the downstream demands were filled via the recycled butadiene products. This hampered the overall market demand for bio-butadiene, and hence, the price curve dipped during the end quarter of 2023.
Analyst Insight
According to Procurement Resource, the projections for the bio-butadiene market do not differ much for the coming months. The market is likely to maintain the current momentum going forward.
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The price trend for Bio-Butadiene follow that of its feedstock raw sugar. Sugarcane prices remained inclined as uncertain weather conditions and unseasonal rainfalls in India hindered cultivation. The North-West part of the country received plenteous rainfall while the southeastern parts remained drought ridden. About 34% of the country’s region received deficient rainfall while the 32% got in excess; this uneven precipitation disturbed the soil and crop cycle, affecting the upstream production costs.
The government of India even increased the support FRP price for sugarcane farmers to increase the plantation land area. As the sugar prices rose, the prices of Bio-Butadiene were equally impacted. The enhanced upstream cost pressure and diversion of the already constricted supplies for other purposes further pressured the Bio-Butadiene prices. Overall, the market remained adrift amidst uncertainties during the first half of 2023.
A synthetic, colourless gas known as bio-butadiene is essentially insoluble in water but is soluble in ethanol, ether, acetone, and benzene. It is primarily employed as a monomer in the creation of numerous varieties of polymers and copolymers as well as as a chemical intermediary in the manufacture of industrial chemicals. However, bio-butadiene is made from renewable sources, replacing the fossil-based raw materials.
C4H6
Renewable energy source, Plastic industry, Rubber industry, Pharmaceutical Industry
China Petroleum & Chemical Corporation, TPC Group, Royal Dutch Shell PLC, Exxon Mobil Corporation, China National Petroleum Corporation
CurrencyUS$ (Data can also be provided in local currency)
Supplier Database AvailabilityYes
Customization ScopeThe report can be customized as per the requirements of the customer
Post-Sale Analyst Support360-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, raw sugar is hydrolysed in glucose and fructose which ferment aerobically to form bio-butadiene.
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