The latest report by IMARC, titled "Butadiene Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data" delivers a comprehensive analysis of butadiene prices on a global and regional scale, highlighting the pivotal factors contributing to price changes. This detailed examination includes spot price evaluations at key ports and an analysis of pricing structures, such as Ex Works, FOB, and CIF, across North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Butadiene Prices December 2023:
- United States: 691 USD/MT
- South Korea: 900 USD/MT
- Germany: 768 USD/MT
Report Offering:
- Monthly Updates: Annual Subscription
- Quarterly Updates: Annual Subscription
- Biannually Updates: Annual Subscription
The study delves into the factors affecting butadiene price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
Request For a Sample Copy of the Report: https://www.imarcgroup.com/butadiene-pricing-report/requestsample
Butadiene Price Trend- Q4 2023
The extensive demand in the rubber industry for flexible and durable materials represents one of the key factors driving the market growth of butadiene worldwide. Moreover, the use of butadiene in the production of synthetic rubbers and plastics is becoming increasingly popular which is a major growth inducing factor. In addition to this, the automotive industry is expanding at a rapid pace which includes the use of butadiene-based products, thereby significantly contributing to the market growth. Besides this, consumers are more interested in high-performance and safe materials which, in turn, is propelling the market growth. Apart from this, significant technological progress in butadiene production and processing is bolstering the market growth. Additionally, the increased usage of butadiene in premium tire compositions and high-end items is stimulating the market growth. Furthermore, personalisation and customisation are becoming increasingly popular in material engineering. The expanding uses for butadiene in household and industrial applications are boosting the market growth of butadiene globally. The increasing popularity of renewable energy and energy-efficient products are one of the pivotal factors driving the market growth of butadiene worldwide. Moreover, the key industrial companies are increasing their investments in research and developmental (R&D) activities which, in turn, is propelling the market growth. The expanding online shopping and marketing to increase product accessibility is acting as a major growth inducing factor.
The global butadiene market size reached 13.1 Million Tons in 2023. By 2032, IMARC Group expects the market to reach 19 Million Tons, at a projected CAGR of 4.30% during 2023-2032. In the last quarter of 2023, the global butadiene market was influenced by a complex interplay of factors that affected pricing dynamics across different regions. In the United States, the market witnessed a significant uptick in butadiene prices, primarily driven by the cost support from feedstock butane. This bullish sentiment was further bolstered by higher natural gas prices, with Henry Hub spot prices reflecting an increase, directly impacting the production costs of butadiene. However, demand from key downstream sectors like synthetic rubber and polymers remained subdued, mainly due to a slowdown in the automotive and construction industries. The automotive sector, in particular, faced challenges from the strike by the United Auto Workers against major automakers, which threatened to further dampen demand. Despite this, the reduced production activity, coupled with supply chain disruptions from prolonged drought in the Panama Canal and unrest in the Red Sea, led to a supply shortage that supported higher price levels in the domestic market.
Meanwhile, in the Asia-Pacific region, particularly in South Korea, butadiene prices exhibited mixed sentiments throughout the quarter. Initially, a decline in inventories led to slight improvements in prices as market participants sought to capitalize on limited availability. However, as the quarter progressed, prices began to soften due to decreasing feedstock naphtha prices and weak upstream crude oil prices, which resulted in lower production costs. The demand from the synthetic rubber and polymer industries remained tepid, reflecting sluggish consumption from the automotive and construction sectors. This scenario was exacerbated by cheaper imports and increased material availability, prompting traders to offload their inventories at reduced prices. Conversely, in Europe, specifically in Germany, butadiene prices were buoyed by a reduced supply in the domestic market despite decreased feedstock naphtha prices. Supply constraints were largely due to planned and unplanned outages at steam crackers and the resultant tight crude C4 market. Rising freight charges for imports from the Asian market also exerted upward pressure on prices, even though overall consumption remained soft due to weak demand from the automotive and construction industries.
Browse Full Report: https://www.imarcgroup.com/butadiene-pricing-report
Key Points Covered in the Butadiene Pricing Report:
The report delivers the following key findings, alongside a comprehensive breakdown of prices by region:
- Butadiene Prices
- Butadiene Price Trend
- Butadiene Demand & Supply
- Butadiene Market Analysis
- Demand Supply Analysis by Type
- Demand Supply Analysis by Application
- Demand Supply Analysis of Raw Materials
- Butadiene Price Analysis
- Butadiene Industry Drivers, Restraints, and Opportunities
- Butadiene News and Recent developments
- Global Event Analysis
- List of Key Players
Regional Price Analysis:
- Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand
- Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
- North America: United States and Canada
- Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
- Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco
?????? ???? ??????? ??????? ?? ????? ?????:
Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
About Us:
IMARC is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
Contact us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145 | United Kingdom: +44-753-713-2163
