Butene is an alkene, otherwise known as Butylene. The chemical formula for this compound is C 4H 8. Butene forms four types of structures: Isobutylene, 1-butene, Cis-2-Butene, and trans-2-Butene. All of them are present in a gaseous state at room temperature. The compound is obtained from the breaking or cracking of petroleum while forming gasoline. It is commercially obtained from the catalytic hydrogenation of butanes.
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The Key importers of Butene include countries, namely Canada, Belgium, and Saudi Arabia, in the order, along with the key exporters, which have countries, namely, 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:
Butene finds its applications in industries like automobiles and plastics. The attribution of Butene can be seen in making packages for food materials and also in fabric manufacturing. The compound has high tensile strength, which can also be used in construction. It is involved in making pipelines, hot adhesives, etc.
Butene is a comonomer for High-Density Polyethylene or HDPE. It can be used in industries like electrical and pharmaceutical as well. Additionally, Butene is mainly used in producing Polyethylene, which is associated with manufacturing various plastic items such as toys, pipes, other construction materials, packaging, and much more. Butene has great commercial demands due to its versatile, flexible, and durable chemical properties.
Key Players:
- Shell
- Evonik
- Mitsui Chemical
- Sumitomo Chemical
- Idemitsu Kosan
- CNPC
- SINOPEC
News & Recent Development
- Date: 19 April 2023 Bharat Petroleum Corporation limited (BPCL) plans to invest around $5 Billion- $ 6 Billion on the Bina Refinery petrochemical complex. It has a cracker aiming production of 50,000 tonne/year of butene-1 unit, along with a few other products. The Petrochemical complex is set up to produce High-Density Polyethylene, Low-Density Polyethylene, Benzene, gasoline as well as other flammable products such as diesel etc.
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