Butanediol Prices

Butanediol Prices June 2024

The butanediol prices in the United States for Q2 2024 reached 1220 USD/MT in June. The region's butanediol costs initially increased as a result of robust production as well as better financial conditions, which increased the supply of products that were finished. Nevertheless, an excess supply in the latter half, driven by increased manufacturing, imports, and weakened downstream demand, creating a mixed price trend.

In Germany, the butanediol prices for Q2 2024 reached 140 USD/MT in June. The market's prices showed a range of dynamics, with early gains being fueled by a robust-than-anticipated financial recuperation and high requirement in downstream sectors. However, seasonal inventory buildup and decreased demand from the coatings and building industries resulted in surplus supply, which put downward pressure on pricing towards the end of the quarter.

Butanediol Prices March 2024

The butanediol prices in the United States for Q1 2024 reached 1766 USD/MT in March. Butanediol cost in the region rose due to plant closures, supply chain limitations and unavailability of raw materials, which created a tighter market. This upward pricing trend persisted throughout the quarter, demonstrating a steady yet challenging market environment for butanediol.

The price trend for butanediol in South Korea for Q1 2024 settled at 1158 USD/MT in March. The market faced a substantial downturn in the first quarter of 2024 due to minimal requirement from the building industry, reduced procurement during the Spring Festival in China, and continuous maintenance closures. This contributed to a noticeable price decline, with the overall trend for the quarter remaining negative.

In Germany, the butanediol prices for Q1 2024 reached 1831 USD/MT in March. The market in the region experienced price volatility in Q1 2024, driven by supply limitations, strong demand in automobile and building, and rising feedstock costs. Although early-quarter demand supported prices, a general negative trend emerged, ending the quarter with a softer pricing environment.

Butanediol Prices December 2023

The butanediol prices in the United States for Q4 2023 reached 1,573 USD/MT in December. During Q4 2023, the U.S. butanediol market experienced price shifts primarily due to constrained feedstock supplies, particularly Maleic Anhydride, which drove up production costs. Despite these challenges, demand from downstream sectors like construction remained moderate, influenced by rising mortgage rates and limited housing availability, which dampened overall market activity.

The price trend for butanediol in South Korea for Q4 2023, reached 1,348 USD/MT in December. In the fourth quarter of 2023, the butanediol market in South Korea experienced a decline, driven by weak trading activity across Asia. The low post-holiday demand, combined with cautious market behavior, led to downward price trends. Challenges in the construction sector further exacerbated the market's negative performance.

The price trend for butanediol in Germany for Q4 2023, reached 1,783 USD/MT in December. The market in Germany in Q4 2023 remained stable, despite weak demand and a struggling construction sector. Easing inflation and steady feedstock prices led to this stability, with minimal changes throughout the quarter. Competition from Asian suppliers also helped maintain the market's equilibrium.

Regional Coverage

The report provides a detailed analysis of the butanediol market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast, and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the butanediol price trend.

Global Butanediol Price

The report offers a holistic view of the global butanediol pricing trends in the form of butanediol price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights the current price but also provides insights into butanediol historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into butanediol price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed butanediol demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Butanediol Price

Q2 2024:

The market for butanediol in Europe saw a range of changes in Q2 2024. Germany's financial recuperation and increased demand in the polyurethane and PBT resin industries were the main drivers of the initial price hikes. The market was constrained by supply restrictions brought on by seasonal factors, manufacturing problems, and logistical interruptions, and production costs were raised by the rising prices of feedstocks including maleic anhydride and n-butane. However, since demand deteriorated in important industries including construction, paints, and coatings, leading to excess inventories, prices fell towards the end of the quarter. As the quarter came to an end, a pessimistic prognosis was strengthened by the excess supply, which was further increased by stable feedstock prices and decreased export volumes.

Q1 2024:

The European butanediol market, notably in Germany, experienced a difficult and volatile pricing environment in the first quarter of 2024. Early in the quarter, supply shortages, growing requirement from the construction and vehicle manufacturing sectors, and rising feedstock costs drove up prices. However, pricing instability was exacerbated by shifting raw material prices, especially for propylene. Germany's robust sectoral requirement for butanediol, especially in the automobile industry, led to significant price changes. The quarter ended on a bearish note, as inventory levels rose and prices trended downwards, underscoring a negative market sentiment across Europe’s BDO sector.

Q4 2023:

The Europe market during Q4 2023 remained steady, supported by constant imports and a shortage of new inquiries keeping prices steady. Intense competition from markets in Asia also played a role in this stability. Weak demand in the construction sector, particularly in Germany, influenced market dynamics, as inflation pressures eased and the consumer price index (CPI) reflected lower inflation. In Italy, the confidence of the business continued to decline. Despite a slight increase in feedstock costs, prices for Butanediol in both the UK and Germany remained unchanged, reflecting a period of relative market stability.

This analysis can be extended to include detailed butanediol price information for a comprehensive list of countries.

North America Butanediol Price

Q2 2024:

North American butanediol prices showed a range of shifts in Q2 2024, driven by both supply and economic gains. BDO prices grew early in the quarter due to increased production and economic activity, which increased the supply of end-use products. Despite a drop in building spending and fluctuations in energy supply levels, heightened propylene rates from Q1 further increased production costs. Nonetheless, due to decreased production activity and expected global requirement, market sentiment remained positive. However, as manufacturing and import volumes increased and demand weakened, especially in the solvent and tetrahydrofuran (THF) sectors, a clear oversupply developed later in the quarter. Combined with lower n-butane feedstock costs, this inventory accumulation made it possible to render competitive price adjustments.

Q1 2024:

North American butanediol rates increased substantially in the first quarter of 2024 as a result of facility closures that reduced supply and raised prices. The limited supply was made worse by other issues such as shipping delays and shortages of raw materials, especially in the United States, where prices fluctuated the greatest in the area. Despite the market's supply constraints, prices showed a stable, positive pricing landscape, rising from the last quarter. Overall market attitude stayed upbeat, and costs continued to rise steadily from the first to the second part of the quarter.

Q4 2023:

During Q4 2023, the butanediol market in North America faced significant fluctuations, driven by supply chain challenges, notably in securing key feedstocks like Maleic Anhydride and benzene. These shortages led to increased production expenses, which in turn elevated overall market prices. The construction and paint sectors experienced a slow recovery, keeping demand at moderate levels. Additionally, many buyers engaged in destocking before the winter holidays, reducing market activity. The U.S. housing market, affected by high mortgage rates and a limited housing supply, further dampened demand. Despite these pressures, the market remained stable, with declining feedstock costs influencing the pricing trends.

Specific butanediol historical data within the United States and Canada can also be provided.

Middle East and Africa Butanediol Price

The report explores the butanediol pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on butanediol prices for countries can also be provided.

Asia Pacific Butanediol Price

Q2 2024:

In the second quarter of 2024, the Asia-Pacific butanediol (BDO) market experienced a varied pricing environment shaped by both market dynamics and external factors. Early in the quarter, demand remained soft across industries, particularly in paints, coatings, and construction, reflecting an economic slowdown and low activity due to seasonal closures, notably in China. Limited growth in demand paired with consistent costs for propylene kept prices subdued. However, as the quarter advanced, demand gradually picked up, impelled by seasonal increases in construction-related applications, which, along with steady feedstock prices, pushed production prices upward. Inflationary trends and fluctuations in the prices of natural gas added to the gradual upward pressure, with the quarter ending on a cautiously optimistic note as the market stabilized amid these shifting factors.

Q1 2024:

The Asia-Pacific area saw a primarily pessimistic trend for butanediol prices in the first quarter of 2024, influenced by weak demand and economic slowdowns. Requirement from downstream sectors, specially building, was limited, with the Spring Festival vacation in China decreasing consumption activity. Chinese producers also underwent maintenance closures, adding to the lower demand scenario. South Korea recorded the steepest price declines, highlighting a sharp contrast in pricing compared to other regional markets. Overall, Q1 in APAC ended with a significant downtrend in butanediol prices, led by soft demand and economic factors affecting both China and South Korea.

Q4 2023:

During the Q4 of 2023, the Asia Pacific market remained steady, with fixed supply levels and muted post-holiday demand contributing to price stability. In China, the market was challenged by careful trading behavior and a decrease in demand from industries like cement as well as construction, which were under significant pressure. India's decision to stop the latest coal power plants for five years also affected Butanediol demand, particularly in energy-related industries. In South Korea, prices dropped notably due to slow trading across Asia. The region's overall negative price trend reflected both seasonal factors and broader market weaknesses.

This butanediol price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Butanediol Price

The analysis of butanediol prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Butanediol Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Butanediol Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2024 Edition,” offers an in-depth analysis of butanediol pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of butanediol at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of butanediol price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing butanediol price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

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.

• Butanediol is largely utilized as a key raw material in the production of polyurethane, which has extensive applications in the construction, automotive, and furniture sectors.
• It is also gaining traction as a precursor to tetrahydrofuran (THF), which is used in the manufacturing of spandex fibers, elastane fibers, and solvents.
• The growing focus on sustainable practices and environmental regulations are driving research and development (R&D) activities to produce butanediol from renewable feedstocks.
• Butanediol production is showing an upward trajectory because of its growing use in the automotive interiors, exterior parts, and under-the-hood components.
• The market share is also expanding due to the increasing use of butanediol in the chemical, automotive, and construction sectors, owing to rising industrialization and urbanization in emerging nations. According to the World Bank report 2023, it is projected that around 50% of the population lives in urban areas, which is expected to increase by 1.5 times to 6 billion by 2045.
• Butanediol production has also witnessed a considerable rise due to the escalating demand for high-performance polymers with superior mechanical properties and resistance to heat, chemicals, and abrasion.
• A positive trend for the market is also being created by the increased use of butanediol in beauty and personal care products on account of its moisturizing and solvent properties. As per IMARC Group’s market report, the global beauty and personal care products market is expected to reach US$ 759.3 Billion by 2032. 
• The market is also expanding due to the infrastructural development initiatives across numerous regions, thereby catalyzing the demand for butanediol-based products like thermoplastic polyurethane (TPU) for applications in pipes, cables, and coatings.

Butanediol News

The report covers the latest developments, updates, and trends impacting the global butanediol market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in butanediol production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the butanediol price trend.

Latest developments in the butanediol industry:

• In 2022, BASF SE, the largest chemical producer in the world, along with Henkel, a German multinational chemical and consumer goods company, jointly announced to replace carbon feedstock obtained through fossil fuels with renewable feedstock over the coming years.
• In 2021, Genomatica, a Californian biotech company licensed its GENO BDO biomanufacturing process technology to Cargill, to produce renewable 1,4-butanediol (BDO).

Product Description

Butanediol is a colorless and odorless liquid with a slightly sweet taste. It is a non-natural product manufactured from petroleum goods, and it can also be manufactured from renewable resources like biomass. It is a pioneer in the manufacturing of various polymers, including polyurethanes, polyester resins, and thermoplastic polyesters.

Butanediol is an effective solvent for various substances, making it beneficial in industrial cleaning, paint, and coating formulations. It is used to make paint thinner, floor stripper, and as a component in ink production. Besides this, in the cosmetic and personal care industry, BOD is utilized as a humectant, providing moisture retention properties to formulations like lotions, creams, and hair care products. Moreover, BOD is employed to stimulate growth hormone production and muscle growth, and for bodybuilding, weight loss, and insomnia.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of butanediol pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting butanediol price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The butanediol price charts ensure our clients remain at the forefront of the industry.