n-Butanol Prices

n-Butanol Prices September 2024

The n-butanol prices in the United States for Q3 2024 reached 1350 USD/MT in September. The market struggled with reduced production capacity on account of refinery run rate issues and restricted propylene supply. Downstream sectors like paints and coatings failed to boost demand, burdened by seasonal demand shifts. Price increment efforts by leading producers fell short amid logistical challenges driven by worker strikes. The hurricane season further strained operations, contributing to continued market price declines and a tough business environment.

In Germany, the n-butanol prices for Q3 2024 reached 1535 USD/MT in September. The market faced a significant price slump due to an abundance of supply of propylene, reducing production costs and affecting prices. Demand weakened in key sectors, such as paints and coatings, amid a construction slowdown. Market challenges intensified when propylene facilities underwent maintenance in August, and a force majeure added strain. The influx of propylene imports towards quarter-end exacerbated the bearish scenario.

n-Butanol Prices June 2024

During Q2 2024, n-butanol prices in the United States reached 1559 USD/MT in June. The prices fell sharply in Q2 2024 owing to rising production charges from propylene shortages and decreased demand in construction-related sectors. Despite some economic recovery signs, market conditions remained weak, with supply chain disturbances and adverse weather further affecting the market.

The second quarter in Japan ended with n-butanol priced at 1227 USD/MT in June. The market in Japan faced a steep decline in Q2 2024, driven by excess supply due to postponed shipments and weakened demand in construction-related sectors. Seasonal factors and supply chain interruptions, coupled with rising production prices, created a bearish market landscape over the duration.

During the second quarter of 2024, n-butanol pricing in Germany saw a decline. The quarter ended with n-butanol priced at 1643 USD/MT in June. Towards the end of Q2, due to increased propylene availability and weak downstream demand. Improved logistics and supply chain conditions, coupled with adverse weather, led to a bearish market, reflecting oversupply and persistent demand challenges.

n-Butanol Prices December 2023

n-butanol prices in the United States for Q4 2023 reached 920 USD/MT in December. The market faced a downturn due to lower demand in sectors like paints and coatings. Ample supply and reduced production in response to sluggish demand further pressured prices. Additionally, a drop in feedstock propylene costs contributed to the overall decrease, influencing market conditions significantly.

The price trend for n-butanol in China for Q4 2023, reached 1170 USD/MT in December. The market was influenced by stable supply levels despite the impact of key plant shutdowns. Such disruptions, along with a decline in feedstock prices and increased imports from Europe, led to a well-supplied market. Resultantly, there was noticeable volatility in prices, reflecting the changing supply dynamics.

The price trend for n-butanol in Europe for Q4 2023, reached 1180 USD/MT in December. The market, particularly, in Germany, faced challenges due to a persistent decline in construction activity. Weak demand from the paints and coatings industry, coupled with high supply levels, led to a bearish market trend. Furthermore, attempts to adjust prices upward proved ineffective amidst the continuing oversupply and lackluster demand.

Regional Coverage

The report provides a detailed analysis of the n-butanol 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 n-butanol price trend.

Global n-Butanol Price

The report offers a holistic view of the global n-butanol pricing trends in the form of n-butanol 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 n-butanol historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into n-butanol 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 n-butanol 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 n-Butanol Price

Q3 2024:

In the third quarter of 2024, the n-butanol market in Europe was grappling with substantial price declines, with Germany at the forefront of volatility. Contributing to the bearish trend was an excess of propylene, a crucial input for n-butanol, which lowered production costs and weighed down prices. Demand from industries, such as paints and coatings remained subdued, influenced by a construction sector slowdown. The market faced further strain when maintenance activities disrupted propylene facilities in August, impacting production levels. Despite these challenges, producers attempted to counter negative trends with price hikes. The eventual influx of imported propylene added to an already saturated market, reinforcing the downturn. This combination of oversupply, reduced demand, and operational disruptions painted a challenging picture for the region.

Q2 2024:

During the second quarter of 2024, the n-Butanol market in Europe saw significant price reductions due to increased Propylene availability and improved supply chain efficiency. Major producers such as OQ chemicals resumed complete manufacturing capacity, alleviating prior supply constraints, and fostering bearish market sentiment. However, demand remained weak, particularly in the paints and coatings sector, affected by slow development efforts and restrained consumer spending. Challenging weather and logistical issues further amplified the decline in prices, reflecting a market grappling with the combined effects of excess supply and weak demand and normalizing production.

Q4 2023:

The n-butanol market in Europe, particularly in Germany, displayed a downward trend throughout the Q4 2023, driven by weak demand from the construction sector. The prolonged slump in construction activity, exacerbated by low investor confidence, resulted in a decrease in demand for paints and coatings, further pressuring the market. Despite these challenges, some manufacturers attempted to raise prices; however, these efforts were largely ineffective amid the ongoing oversupply. The construction sector's downturn across all segments, such as residential, commercial, and civil engineering, contributed to a surplus in raw materials and further softened the market. Overall, the market struggled with low demand and high supply, shaping a predominantly bearish outlook.

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

North America n-Butanol Price

Q3 2024:

In the third quarter of 2024, the n-butanol market in North America faced considerable setbacks, especially within the United States. Supply chain complications, notably in refinery run rates and restricted propylene access, hampered production capacities. The weakened performance of key downstream sectors, including paints and coatings, added to the pressure due to seasonal demand shifts. Despite attempts by leading producers to implement price increases, overall sentiment stayed pessimistic. Additionally, the hurricane season disrupted operations, impacting major manufacturing hubs. The resulting environment saw a consistent decline in market prices, reflecting the cumulative strain of supply issues, sluggish demand, and external factors that shaped the challenging landscape throughout the quarter.

Q2 2024:

In Q2 2024, the North American n-butanol market saw a notable downturn, led by a complex mix of rising production prices and weakened demand. Unexpected plant closures and operational disruptions at key facilities led to reduced propylene availability, escalating production expenses. Meanwhile, demand slumped, especially in construction-related sectors such as paints and coatings, impacted by Increased lending rates and compliance changes. Despite some economic and manufacturing improvements, market outlook continued to be bearish, further weighed down by seasonal weather challenges and supply chain disturbances. Overall, the market faced a substantial decline, highlighting continuous supply shortages and weak demand dynamics.

Q4 2023:

During Q4 2023, the North American n-butanol market experienced a decline in prices, mainly due to weakened demand and a steady supply. A noticeable demand downturn from downstream sectors, mainly paints & coatings, propelled this trend. Moreover, the market faced pressure from a well-maintained supply of n-butanol, which further drove prices down. The downturn was compounded by lower activity in the PVC sector, compelling production cuts among manufacturers. Furthermore, the decrease in the cost of feedstock propylene, an essential input for n-butanol production, also played a crucial role in reducing overall prices, despite efforts by some manufacturers to adjust pricing strategies.

Specific n-butanol historical data within the United States and Canada can also be provided.

Middle East and Africa n-Butanol Price

The report explores the n-butanol 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 n-butanol prices for countries can also be provided.

Asia Pacific n-Butanol Price

Q3 2024:

The n-butanol market in the Asia Pacific witnessed a marked downturn during Q3 2024, influenced by oversupply conditions. Key producers, operating at full capacity, significantly contributed to this surplus, creating pronounced price pressure. Even with adequate propylene availability for feedstock, high production levels exceeded market needs. The construction sector's slowdown reduced demand from critical industries, including paints and coatings, amplifying the price slide. High production rates maintained by major facilities intensified the downward trend, leading to historical lows. The sustained oversupply and limited demand from downstream sectors posed considerable challenges to the market, making recovery difficult during the quarter. This imbalance between supply and demand emphasized the hurdles faced by producers and market participants alike.

Q2 2024:

The Asia-Pacific market experienced a significant drop in Q2 2024, heavily impacted by oversupply and reduced demand. The market was flooded with postponed shipment arrivals, disturbing balance, and causing a sharp drop in prices. Concurrently, the building sector’s downturn weakened requirements from sectors, including decorative paints, plasticizers, and protective coatings. Additional strain came from maintenance closure at propylene plants, which increased production charges, while variable shipping costs and logistical challenges at key ports exacerbated supply chain disruptions. These factors created a bearish market environment in Japan, with price declines exacerbated by seasonal reductions in construction activities.

Q4 2023:

In the Asia Pacific region, the n-butanol market in Q4 2023 was marked by stable supply and significant price volatility, influenced by both supply chain dynamics and regional production shifts. The market remained well-stocked, unlike other regions where supply was more constrained. Key plant shutdowns in China, including those in Shandong and Taixing, impacted the feedstock propylene availability, causing fluctuations in supply levels. Japan witnessed a significant shift in pricing trends, moving from stability to decline, largely due to the influx of cost-effective imports from Europe and reduced production costs following a drop in feedstock prices. This led to a market situation characterized by excess supply and noticeable price variations.

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

Latin America n-Butanol Price

The analysis of n-butanol 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.

n-Butanol Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “n-Butanol Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2024 Edition,” offers an in-depth analysis of n-butanol 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 n-butanol at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of n-butanol price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing n-butanol 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.

n-Butanol Market Analysis

The global n-butanol industry size reached US$ 3.5 Billion in 2023. By 2032​, IMARC Group expects the market to reach US$ 5.4 Billion, at a projected CAGR of 4.80% during 2023-2032​.

• The increasing demand for butyl acrylates for use in paints, adhesives, and sealants, is fueled by the construction and automotive industries' growth.
• The rising adoption of bio-based n-butanol, driven by the shift towards sustainability, is emerging as a significant trend, offering an environmentally friendly alternative to traditional petrochemical-derived n-butanol.
• The expanding applications of n-butanol in niche markets, such as food and flavor industries, further propel its demand.
• Rapid globalization of supply chains and the expansion of manufacturing capabilities in emerging economies also present opportunities for the n-butanol market.
• Strategic alliances and mergers among key players in the chemical industry are expected to enhance distribution networks and increase market penetration, further driving growth in the n-butanol sector.
• The pharmaceutical industry's expansion worldwide is providing a boost to the n-butanol consumption, as it is utilized in various processes and products within this sector.
• Continual innovations such as the development of catalytic processes that yield higher n-butanol concentrations or the use of genetically engineered microorganisms in fermentation processes are reducing production costs and environmental impact, making the product more attractive to both producers and consumers.
• The booming construction and automotive sectors in emerging markets like China, India, and Brazil are driving the demand for paints and coatings, where n-butanol is used extensively.
• N-butanol is increasingly used as a solvent in the formulation of cosmetics and personal care products, including skincare, fragrances, and makeup removers.
• The growing electronics industry, with expanding markets for consumer electronics and the rise of technologies such as 5G, IoT, and smart devices, supports increased demand for high-purity n-butanol.
• N-butanol is increasingly being used in the formulation of personal hygiene products such as hand sanitizers and disinfectants, which have seen an increase in demand, particularly in the wake of global health crises.

n-Butanol News

The report covers the latest developments, updates, and trends impacting the global n-butanol industry, 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 n-butanol production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the n-butanol price trend.

Latest developments in the n-butanol industry:

• August 14, 2024: BASF and UPC Technology Corporation (UPC) signed a Memorandum of Understanding (MoU) to enhance their longstanding collaboration through a strategic partnership focusing on long-term regional cooperation. This partnership will involve the supply of plasticizer alcohols and catalysts for phthalic anhydride (PA) and maleic anhydride (MA), as well as the development of sustainable solutions to reduce carbon emissions. Starting in 2025, BASF will supply 2-Ethylhexanol (2-EH) and N-Butanol from its Oxo plant at the Zhanjiang Verbund site to support UPC's expanding market in South China.

Product Description

N-butanol or n-butyl alcohol is also a four-carbon alcohol with the chemical formula C4H10O, presenting as a colorless, flammable liquid at room temperature. It is predominantly produced via the oxo process, where propylene is converted into butyraldehyde through hydroformylation and then hydrogenated to form n butanol. Among all isomers of butanol, n-butanol possesses a linear structure which makes it stand out from the others in terms of its properties and applications. This chemical takes up an important position in several industrial applications as it acts as an extracting solvent which is also used as a reagent in the synthesis of other chemicals. N-butanol is widely employed in the production of plasticizers, lacquers, and brake fluids, as a solvent in paint thinners. It can be applied to the pharmaceutical and textile industries among others.

One of the advantages of n-butanol is its high solvency and capability to increase the flow and glossiness of paints. Furthermore, n-butanol is considered to be a good candidate for being used as a biofuel, which provides a renewable source of energy, compared to usual crude oil, thus contributing to cleaner energy solutions. Its versatility and effectiveness make it one of the most important chemicals in a lot of sectors of commerce and industry.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of N butanol 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 N butanol 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 N butanol price charts ensure our clients remain at the forefront of the industry.