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Written by elijah001 » Updated on: October 29th, 2024
United States: 1,573 USD/MT
In December 2023, the price of butanediol in the United States rose to $1,573 per metric ton during the fourth quarter.
The latest report by IMARC, titled "Butanediol Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," delivers a comprehensive analysis of butanediol prices on a global and regional scale, highlighting the pivotal factors contributing to price changes. This detailed examination includes spot price evaluations at key ports and an analysis of pricing structures, such as Ex Works, FOB, and CIF, across North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Butanediol Prices December 2023:
Report Offering:
The study delves into the factors affecting butanediol price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
Butanediol Price Trend- Q4 2023
The extensive demand in the plastics industry for flexible and durable materials represents one of the key factors driving the market growth of butanediol worldwide. Moreover, the use of butanediol in the production of polyurethanes and spandex fibers is becoming increasingly popular which is a major growth inducing factor. In addition to this, the automotive industry is expanding at a rapid pace which includes the use of butanediol-based products, thereby significantly contributing to the market growth. Besides this, consumers are more interested in high-performance and safe materials which, in turn, is propelling the market growth. Apart from this, significant technological progress in butanediol production and processing is bolstering the market growth. Additionally, the increased usage of butanediol in premium tire compositions and high-end items is stimulating the market growth. Furthermore, personalisation and customisation are becoming increasingly popular in material engineering. The expanding uses for butanediol in household and industrial applications are boosting the market growth of butanediol globally. The increasing popularity of renewable energy and energy-efficient products are one of the pivotal factors driving the market growth of butanediol worldwide. Moreover, the key industrial companies are increasing their investments in research and developmental (R&D) activities which, in turn, is propelling the market growth. The expanding online shopping and marketing to increase product accessibility is acting as a major growth inducing factor.
Butanediol Market Analysis
The global butanediol market size reached US$ 12.7 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 25.7 Billion, at a projected CAGR of 8.20% during 2023-2032. In the last quarter of 2023, the Butanediol (BDO) market dynamics across North America, Asia-Pacific (APAC), and Europe were shaped by a multitude of factors that influenced price fluctuations and market stability. In North America, the market witnessed significant fluctuations, primarily due to limited availability of key feedstocks such as Maleic Anhydride and benzene, which escalated production costs and contributed to an increase in BDO prices. The market dynamics were further complicated by moderate demand from downstream industries, including the construction and paints sectors, which showed signs of a slow rebound. This scenario was accentuated by a destocking behavior observed among buyers ahead of the winter holidays, leading to a decrease in market inquiries. The housing market's challenges, characterized by rising mortgage rates and limited housing availability, also played a crucial role in impacting the demand for BDO. Additionally, volatility in feedstock prices, coupled with sluggish demand, governed the overall pricing trend in the US BDO market, resulting in a relatively stable market situation despite the increased production costs.
Conversely, the APAC region exhibited a different set of challenges and market behaviors. The Chinese BDO market, in particular, faced negative growth, attributed to cautious trading activities and weakened demand in downstream sectors. Legislative decisions, such as India's five-year halt on the establishment of new coal power plants, further influenced downstream demand dynamics for BDO. South Korea experienced a notable decline in BDO prices, driven primarily by subdued trading activities within the broader Asian market. This was reflective of a wider trend in the region, where stable supply and subdued post-festival demand led to overall price stability, despite the pressure from the construction and cement sectors. Europe's BDO market remained stable, with prices being influenced by consistent imports, competition from the Asian market, and a lackluster construction sector. The market in Europe was characterized by steady prices despite a slight increase in feedstock values, underscoring a period of stability amidst competitive pressures and economic indicators pointing towards decreased consumer confidence and industrial morale.
Browse Full Report: https://www.imarcgroup.com/butanediol-pricing-report
Key Points Covered in the Butanediol Pricing Report:
The report delivers the following key findings, alongside a comprehensive breakdown of prices by region:
Regional Price Analysis:
Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
About Us:
IMARC is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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