Bio-Isobutanol prices closely followed the trends of its feedstocks, corn, and raw sugar. Prices initially rose due to limited corn supplies for biofuels in Asian markets, and sugar prices increased because of weather disruptions and low inventories. These factors contributed to Bio-Isobutanol's higher price patterns throughout the first half of 2023, maintaining an upward trajectory.
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Definition
Bio-Isobutanol is a renewable and sustainable alcohol-based compound. It is derived from bio-based feedstocks such as corn and raw sugar through fermentation processes. This eco-friendly chemical finds applications in various industries, including as a biofuel additive, solvent, and a precursor for the synthesis of other chemicals. Its production is influenced by the price trends of corn and raw sugar, as these feedstocks closely correlate with Bio-Isobutanol prices.
Key Details About the Bio-Isobutanol 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-Isobutanol 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-Isobutanol Price chart, including India Bio-Isobutanol price, USA Bio-Isobutanol 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-Isobutanol Price Trend:
Bio-Isobutanol serves as a vital component in several industries. It is used as a feedstock to produce transportation fuel, acting as an eco-friendly alternative to traditional fossil fuels. Additionally, Bio-Isobutanol finds applications in the pharmaceutical industry, where it is utilized in the extraction and synthesis of drugs. Its renewable nature and versatile uses make it a valuable compound in advancing sustainable practices and various industrial processes.
Key Players:
- Gevo Inc
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