In the first and second quarters of 2023, the tertiary butyl alcohol market witnessed fluctuating price trends in different regions. In Asia, the price initially rose due to restocking behavior after holidays and increased demand from solvent and gasoline sectors, but later slowed down due to ample product availability and declining demand. In Europe, prices declined due to rising inventories, fluctuating feedstock costs, and low consumer buying sentiments amid high interest rates and inflation. In North America, prices initially increased but declined later due to the closure of significant US banks, resulting in tight monetary policies, rising interest rates, and a slump in downstream industries.
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Definition
Tertiary butyl alcohol (TBA) is a clear, colorless liquid with a characteristic alcohol odor. Its molecular formula is (CH3)3COH. TBA is highly soluble in water and most organic solvents. It has a high flashpoint and is flammable. The boiling point of TBA is around 82.4°C (180.3°F). It is a tertiary alcohol, with the hydroxyl group attached to a tertiary carbon atom. TBA is used as a solvent, gasoline additive, and chemical intermediate due to its unique properties and reactivity.
Key Details About the Tertiary Butyl Alcohol 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 Tertiary Butyl Alcohol 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 Tertiary Butyl Alcohol Price chart, including India Tertiary Butyl Alcohol price, USA Tertiary Butyl Alcohol 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 Tertiary Butyl Alcohol Price Trend:
The price trend of Tertiary Butyl Alcohol (TBA) is influenced by its various industrial uses, driven by its unique properties. Serving as a solvent, TBA plays a crucial role in manufacturing resins, coatings, paints, and cleaning agents. In the realm of gasoline, it acts as an octane booster, enhancing fuel performance and mitigating engine knocking. TBA proves its worth as a valuable chemical intermediate, serving as a precursor for synthesizing compounds such as methyl tert-butyl ether (MTBE) and tert-butyl hydroperoxide. Moreover, its applications extend to the pharmaceutical industry, where it functions as a reaction solvent and contributes to the production of specific drugs. The versatility and reactivity of tertiary butyl alcohol establish it as a key component in a range of industrial processes, impacting the Tertiary Butyl Alcohol (TBA) Price Trend, Tertiary Butyl Alcohol (TBA) Price Index, and overall Tertiary Butyl Alcohol (TBA) Prices.
Key Players:
- Lyondell Basell Industries N.V.
- Evonik Industries AG
- ZiBo Haizheng Chemical Co Ltd
- Lotte Chemical Titan Holding Berhad
- Wanhua Chemical Group Co Ltd
News and related developments:
In Channelview, Texas, a new plant for the production of propylene oxide (PO) and tertiary butyl alcohol (TBA) has been opened by LyondellBasell. The PO/TBA plant is part of a larger project, which also includes an ethers unit capable of producing ethyl tertiary butyl ether (ETBE) at LyondellBasell’s Bayport complex.
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