The Bio-Butadiene Price Trend, including India Bio-Butadiene price, USA Bio-Butadiene 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.
The prices of bio-butadiene are closely linked to raw sugar prices, which have been on an upward trend due to challenges in sugarcane. India’s uncertain weather conditions disrupted sugarcane cultivation, leading to increased sugar prices. This, in turn, impacted Bio-Butadiene prices due to higher production costs and limited supplies. The market remained uncertain during this period.
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Definition
Bio-Butadiene is a renewable chemical compound similar to butadiene, derived from biomass sources like sugar or corn. It serves as a sustainable alternative to fossil-fuel-based butadiene, used in the production of rubber, plastics, and other industrial materials, helping to reduce the environmental impact and dependence on non-renewable resources.
Key Details About the Bio-Butadiene 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-Butadiene 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.
Industrial Uses Impacting the Bio-Butadiene Price Trend
Industrial uses play a significant role in impacting the price trend of bio-butadiene, a renewable alternative to petroleum-based butadiene. Here are some key industrial applications that influence the bio-butadiene price trend:
- Rubber Manufacturing: One of the primary industrial uses of bio-butadiene is in rubber manufacturing, particularly in the production of synthetic rubber. Synthetic rubber derived from bio-butadiene is used in various applications, including tire manufacturing, automotive parts, footwear, and industrial products. The demand for bio-butadiene in the rubber industry can significantly impact its price trend, especially considering the importance of rubber products in numerous sectors.
- Plastics Production: Bio-butadiene serves as a feedstock for the production of various plastics, including polybutadiene, styrene-butadiene rubber (SBR), and acrylonitrile-butadiene-styrene (ABS) polymers. These plastics find applications in automotive components, construction materials, consumer goods, and packaging. The demand for bio-butadiene in plastics production can influence its price trend, particularly as industries seek sustainable alternatives to traditional petroleum-based plastics.
- Textile Industry: Bio-butadiene is used in the production of synthetic fibers such as spandex, nylon, and polyester. These fibers are widely used in the textile industry for apparel, upholstery, carpets, and industrial textiles. The textile industry’s demand for bio-butadiene can impact its price trend, especially as consumers increasingly prioritize environmentally friendly and sustainable materials.
- Adhesives and Sealants: Bio-butadiene is utilized in the manufacturing of adhesives and sealants, which find applications in construction, automotive assembly, packaging, and consumer products. The demand for bio-based adhesives and sealants is growing as industries seek environmentally friendly alternatives to petroleum-based products. The industrial demand for bio-butadiene in adhesive and sealant production can influence its price trend, especially in regions with stringent environmental regulations.
- Paints and Coatings: Bio-butadiene is also used in the formulation of paints, coatings, and surface treatments for various applications, including automotive finishes, architectural coatings, marine coatings, and industrial coatings. The demand for bio-based paints and coatings is driven by environmental concerns and regulatory requirements for reducing volatile organic compound (VOC) emissions. The industrial demand for bio-butadiene in paints and coatings production can impact its price trend, particularly as manufacturers seek sustainable alternatives.
Overall, the industrial uses of bio-butadiene have a significant impact on its price trend, with demand driven by sectors seeking sustainable and environmentally friendly alternatives to petroleum-based chemicals. Monitoring industrial trends and applications is essential for understanding the dynamics of the bio-butadiene market and anticipating future price trends.
Key Players:
- Genomatica
- Braskem
- Versalis (Eni)
- Global Bioenergies
- LanzaTech
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