HomeBUSINESSButene Prices, Trends & Forecasts | Provided by Procurement Resource

Butene Prices, Trends & Forecasts | Provided by Procurement Resource

Butene is a chemical compound that primarily belongs to the alkene family. The chemical comprises four carbon and eight hydrogen atoms, i.e., C4H8. It can be found in four different formations, namely isobutylene, 1-Butene, cis-2-Butene, and trans-2-Butene. The compound is found in a gaseous state and is obtained from breaking the petroleum chemical while forming gasoline. It is commercially prepared by the catalytic hydrogenation of butane. Its melting and boiling point measure around 185.5° C and -6.3° C, respectively.

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The compound is primarily used in polymer productions, which are used in the manufacturing process of various synthetic materials. Canada, Belgium, and Saudi Arabia are the key importing countries that import Butene. On the other hand, the key exporting countries are the United States, Belgium, and the Netherlands.

Key Details About the Butene 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 Butene price 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 Butene Price chart, including India Butene price, USA Butene 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 Butene Price Trend:

Price-TrendButene is an industrial chemical compound with a wide range of applications and is primarily associated with the chemical, polymers, and automobile industries. The compound is used in manufacturing numerous plastics varieties and as a plasticizer in producing polymers such as High-Density Polyethylene, Low-Density Polyethylene, resins, etc. It acts as a comonomer in producing plastic materials, which are further used in manufacturing products like cable jackets, pipes, toys, furniture, packaging materials, buckets, lids, containers, films, bottles, etc.

Additionally, Butene is used in producing certain petrochemicals that are flammable in nature and used in producing explosives. One such petrochemical is gasoline which has high demand in the global market as an explosive chemical compound.

Key Players:

  • Shell
  • Evonik
  • Mitsui Chemical
  • Sumitomo Chemical
  • Idemitsu Kosan
  • CNPC

News & Recent Development

  • Date: April 19, 2023- Bharat Petroleum Corporation announced to invest around $5Billion-$6 billion in an oil refinery named Bina Refinery Petrochemical Complex. The investment aims to produce around 50,000 tonnes/year of Butene-1 units and other chemical products.

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Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.

We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team tracks the prices and production costs of a wide variety of goods and commodities, hence, providing you with the latest and consistent data.

To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients, with up-to-date and pioneering practices in the industry, to understand procurement methods, supply chain, and industry trends, so that they can build strategies to achieve maximum growth.

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