NTPC Green Energy tendered a water demineralisation plant for its planned 7GW green hydrogen-based chemicals hub in Andhra Pradesh. The project targets 2.5 million tonnes per year of hydrogen-based chemicals, adding substantial future green hydrogen supply and likely easing price pressure.
Asia
In Asia, prices initially maintained stability but later showed a downward trend during the fourth quarter. Chinese manufacturers faced pressure from elevated inventory levels and inconsistent demand from downstream industries.
The cosmetics and personal care sectors showed moderate demand, while manufacturing activities remained steady. The market was further influenced by improved feedstock benzene availability following increased refinery operations in the region.
Europe
The European market experienced a more volatile pricing pattern throughout H2’24. The summer holiday season initially created supply tightness due to reduced manufacturing activities and labour shortages. However, the market later stabilized as production resumed. The region's beauty sector maintained consistent demand, though economic uncertainties and manufacturing PMI concerns continued to impact market sentiment.
North America
North American markets showed the most dramatic price fluctuations during this period. The third quarter saw price increases driven by supply chain disruptions, particularly due to hurricane-related impacts on the Gulf Coast. However, the market later stabilized as production normalized and inventory levels improved. The region also faced pressure from increased Asian imports, which helped moderate prices toward the year's end.
Analyst Insight
According to Procurement Resource, the Butanedioic Acid market is expected to show stability with a slight upward bias in early 2025,driven by anticipated demand recovery in the cosmetics and pharmaceutical sectors. However, this could be tempered by potential economic headwinds and continued supply chain adjustments.
Need latest Butanedioic Acid price?
Get real-time price assessments, periodic trends, forecasts and price driver insights across key global markets.
Unlock Price Insights NowOur Clients
Turn price intelligence into action with the Procurement Resource Database. Log in or subscribe to unlock live price trends, historical charts, supplier databases, cost curves, and analyst-backed insights across chemicals, agriculture, energy, packaging, and more. Use these tools to benchmark your contracts, plan budgets with confidence, and stay ahead of market moves on every product you buy.
0
+Products
0
+Regions
0
+Subscriptions
Asia
The Asian butanedioic acid market fluctuated throughout the second half of the year 2023. The market started on a favorable note as the supply and demand outlooks were largely in equilibrium with each other. However, soon the prices turned upwards as the market demands started rising from the food and pharma sectors.
A rise in the feedstock maleic anhydride prices was also responsible for this change in the butanedioic acid’s market behavior. Despite the steady demands, the butanedioic acid market could not sustain the growing prices as the situation turned south given the global trade inhibitions with growing supply chain and freight issues started to impact international trade and substantially reduced the export queries for Indian and Chinese markets.
Europe
The European butanedioic acid price trend was not much different from the Asian market; however, the price fluctuations here were relatively more confined. The market trend was more inclined in the third quarter as the industrial demands were humble yet positive. However, as the last three months of the year approached, the downstream demands tumbled, pushing the price trend down along. This demand deficit was because of reduced industrial activity during the long New Year holiday season. Overall, mixed market sentiments were witnessed.
North America
The North American price trend for butanedioic acid was not much different from the global trend, as the prices were observed to be vacillating here as well. The high feedstock cost provided positive upstream cost support in the third quarter by raising the production costs. However, the price trend reversed quickly in the last quarter as the demand subsided. With this rise in prices in the third quarter and the downfall in the fourth quarter, butanedioic acid fluctuated in the American region as well.
Butanedioic or Succinic acid is a kind of dicarboxylic acid. The term succinic comes from the Latin word succinum, which means amber. In living organisms, butanedioic acid is transformed into fumarate by the enzyme succinate dehydrogenase in complex 2 of the electron transport chain, which is involved in the production of ATP, and as a signalling molecule reflecting the cellular metabolic status.
C4H6O4
Industrial, Food, Pharmaceuticals, Cosmetics
Succnic acid, Amber acid, Asuccin
BASF SE, Myriant Corporation, BioAmber, Parchem, Dow Chemicals, Ernesto Ventos S.A., The Chemical Company, Kawasaki Kasei Chemicals Ltd., Mitsubishi Chemical 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.
Butanedioic Acid production from maleic anhydride via a typical hydrogenation process. In this process, maleic anhydride is hydrogenated to succinic anhydride, which is then converted to butanedioic acid.
Our Price Analysis Methodology
AVP - Strategy and Solutions
Leading procurement research solutions across chemicals, materials, and food & beverages, with expertise in price forecasting and market analytics.
Experience how Procurement Resource transforms raw material price data into clear, decision ready intelligence. Optimise your performance with reliable, expert market data and analysis. Schedule your demo today to experience a live walk-through where our experts will showcase interactive price charts, forecasted prices, and insights driving the prices for your key commodities, tailored to your workflows. Contact us now!
Our Team will be happy to assist you
We are just a text away
Still Need Help?
Unlock full access to Procurement Resource's price databases, interactive charts, and short-term forecasts for thousands of commodities. Elevate your sourcing decisions by comparing prices across regions, downloading historical data, and layering in analyst-backed insights, all with our flexible plans that scale as your portfolio grows.
Still have any Questions
Contact Us
Price Trend Dashboard - What's Included
Price trends across a diverse portfolio of categories and products, spanning board to niche chemicals
Coverage extendable to grade-specific chemicals based on procurement requirements
Regular price tracking supported by robust historical datasets
News, policy updates, and key market drivers impacting price movements
Short-term and long-term price outlooks and forecasts
Supply-demand dynamics and capacity-driven market analysis
Track prices, market movements, supply-demand dynamics, and industry developments across hundreds of commodities through a centralized intelligence platform built for informed procurement decisions.
Understand market fluctuations using analyst-backed forecasts, historical pricing patterns, and evolving industry trends to strengthen sourcing strategies and budget planning.
Leverage cost models, pricing benchmarks, and procurement insights to evaluate purchasing opportunities, improve negotiations, and enhance operational efficiency.
Access region-specific price trends, trade activities, capacity changes, and supply chain developments influencing commodity markets worldwide.
