In the first half of 2023, the Asian Bio-Butanol market experienced fluctuating and generally higher prices due to rising feedstock costs, influenced by the termination of the Black Sea agreement and disruptions in agriculture sectors. Meanwhile, the European market had an oscillating pattern, starting slow in January. In North America, prices declined initially due to ample supplies but later rose as European supplies decreased. Overall, Bio-Butanol prices remained on an oscillating trajectory, driven by various factors impacting feedstock availability and market behavior.
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Definition
Bio-Butanol is a renewable chemical produced from feedstock crops like wheat and corn through microbial fermentation. It serves as an eco-friendly alternative with various industrial applications. The prices can fluctuate due to factors like feedstock costs, disruptions in agriculture sectors, and international agreements. Overall, Bio-Butanol represents a sustainable option for industries seeking greener alternatives.
Key Details About the Bio-Butanol Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Bio-Butanol in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Bio-Butanol Price trends, including India Bio-Butanol price, USA Bio-Butanol price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Bio-Butanol Price Trend:
Bio-Butanol has diverse industrial applications as an eco-friendly alternative. It is utilized in the production of bioplastics, solvents, and biofuels. Additionally, it serves as a valuable ingredient in the manufacturing of adhesives, paints, coatings, and other chemicals. Its renewable nature and versatile uses make Bio-Butanol a promising choice for reducing environmental impact and advancing sustainable practices in various industries.
Key Players:
- Abengoa
- Biocleave Limited
- Bioenergy International
- Butalco GmBH (Lesaffre)
- Butamax Advanced Biofuels LLC (BP and Corteva)
- Eastman Chemical Company, Gevo Inc
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