With the steep rise in feedstock value, Butyraldehyde prices on uptrend in the global market
The Global Butyraldehyde market is witnessing an uptrend under the influence of a steep rise in upstream value coupled with improved demand from the downstream market. The sudden escalation in crude oil value due to the Russia Ukraine war injected inflationary pressure on consumers, which contributed to frequent price revisions by key players. As per ChemAnalyst data, changes of around 3.5% and 2% have been observed in the price of Butyraldehyde during February-March 2022 timeframe in India and Japan, respectively. These price revisions were bolstered by rising crude oil value coupled with improving economic activities in the regional market. Meanwhile, pandemic-related uncertainties have been a matter of concern for global key players, as China is in lockdown again, while Europe and Canada are also witnessing a resurgence of another COVID variant. Furthermore, demand fundamentals for Butyraldehyde from the downstream 2-Ethyhexanol and other paints and coating segments maintained ove...