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.
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.
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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.
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.
C4H10O2
Production of bioplastics, Production of polyurethane, Production of adhesives
Bio-1.4-butanediol, Bio-BDO
Ashland Inc, Dairen Chemical Corporation, Mitsubishi Chemical Corporation, Nan Ya Plastics Corporation
CurrencyUS$ (Data can also be provided in local currency)
Supplier Database AvailabilityYes
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In this process, fermentation of glucose syrup take place to produce succinic acid, followed by its hydrogenation to produce bio-butanediol.
Udeesha Tomar
AVP - Strategy and Solutions
Leading procurement research solutions across chemicals, materials, and food & beverages, with expertise in price forecasting and market analytics.
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