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.
The Bio-Butadiene Price chart, 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.
Industrial Uses Impacting the Bio-Butadiene Price Trend:
Bio-butadiene, derived from renewable biomass sources, finds diverse industrial applications. It serves as a crucial component in the production of synthetic rubber, polymers, latex products, adhesives, coatings, and paints. Additionally, it shows promise as a sustainable fuel additive, supporting the growing demand for eco-friendly alternatives in various industries.
Key Players:
- Genomatica
- Braskem
- Versalis (Eni)
- Global Bioenergies
- LanzaTech
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