Butylated Hydroxytoluene Market: Global Industry Analysis and Forecast (2023-2029)

Butylated Hydroxytoluene Market was valued nearly US$ 228.22 Mn In 2022. Butylated Hydroxytoluene Market size is estimated to grow at a CAGR of 6.5 % & is expected to reach at US$ 354.66 Mn. by 2029.
Butylated Hydroxytoluene Market Overview:
Bacteria, including such green algae, generate Butylated Hydroxytoluene (BHT). It is formed by the reaction 4-methyl phenol with 2-methyl propene for industrial purposes. Because of its antioxidant qualities, BHT is mostly utilised as a food preservative. It's also used to keep industrial additive fluids like oil and petrol from oxidizing. The impact of COVID-19 lockdown on market leaders, followers, & disruptors' revenue is examined in the research. Because the lockdown was implemented differently in different locations and countries, the impact of it varies by region and segment. The research has addressed the market's present short- and long-term impacts, & it will aid decision-makers in developing company plans & strategies by area.To know about the Research Methodology :- Request Free Sample Report
Market Trends for Butylated Hydroxytoluene:
Since Butylated Hydroxytoluene is utilised as a stabilizer in cosmetics, the global Butylated Hydroxytoluene market has seen substantial growth due to the rise of the cosmetics industry. The market is being driven by the use of Butylated Hydroxytoluene as an animal feed to combat disease resistance in animals. The market will develop due to rising demand for synthetic antioxidants, which are increasingly being used to preserve food products and extend their shelf life. Food additives, cosmetics, lubricating and specialty oils, food packaging, animal feed, & pharmaceuticals are among the areas where the product is used to prevent oxidation.

The safety of Butylated Hydroxytoluene used as a food taste, on the other hand, is still debatable. Its widespread use is thought to be linked to liver enlargement and carcinogenic potential. As a result, a lack of awareness among food makers and consumers about its negative effects may limit the global growth of the Butylated Hydroxytoluene Market.
Increasing demand for Food Preservatives:
To extend the shelf life of processed foods, food preservatives are commonly utilised. The increased usage of natural preservatives derived from plant & animal sources is a current trend in the food preservatives market. Synthetic preservatives were previously chosen because they were effective. Consumers have recently begun to prefer foods that are preservative-free, natural, or organic. Equally a result, the food industry is working to manufacture preservatives that are as effective as natural ones. The natural preservatives market has grown as consumers become more interested in using substances like enzymes & living cultures to preserve food.

Increased work hours have had a significant impact on consumer lifestyles &, as a result, eating habits. Food products which are easy to use & have a longer shelf life are in high demand as a result of these changes. As a result, food preservatives are playing an increasingly essential role in the F&B industry. The increased demand for long-lasting foods has had a significant impact on the food processing industry. Overall, preservers have enhanced food delivery approaches, competitive pricing, & added value to food goods because of their well-proven preservation efficacy. Organic products are in high demand among health-conscious consumers, & producers are responding by incorporating natural preservatives in food production. As a result, manufacturers are developing natural preservatives such as rosemary extracts, which are efficient in both preserving and flavoring food.
Butylated Hydroxytoluene Market Segment Analysis:
By the end of 2029, the personal care & cosmetics segment might see significant growth of up to 4.7 %. In personal care products, it neutralizes free oxygen radicals, extends shelf life, and stabilizes colourants. The cosmetics sector will develop due to rising demand for skin and sun care products as a result of changing climatic conditions and global warming.

During the anticipated period, the technical grade segment is expected to grow at a faster rate. The need for BHT as an antioxidant in rubbers, plastics, coatings, printing inks, lubricants, biodiesel, & elastomers is largely responsible for this high rise. The need for BHT is being driven by industrial growth in APAC, particularly in the agrochemicals, printing inks, and coatings industries.

Key Players Strategy

The leading players are now focusing on strategies like product innovations, mergers & acquisitions, latest developments, JV, collaborations, & partnerships in order to achieve a significant market share in the worldwide Butylated Hydroxytoluene market. SI Group was acquired by SK Capital Partners in the year 2018. SI Group's operations will be combined with those of Addivant, an SK Capital subsidiary that specializes in Speciality additives. SK Capital Partners is a Speciality materials, chemicals, & pharmaceutical products company.

In the year 2021, Kemin Industries announced a distribution channel partnership with DKSH Business Unit to distribute its products in Myanmar, Vietnam, & Cambodia. The company would be able to grow its present client base in Southeast Asia as a result of this relationship. In September 2020, Eastman Chemical Company joined with DKSH Business Unit for the aim of distribution in the APAC region. This collaboration would allow the corporation to give better service to its APAC consumers. In July 2017, Kemin Industry's North American branch developed a new color protection simulator for F&B. Color protection methods include Butylated hydroxyanisole & Butylated Hydroxytoluene, which are consumer-friendly antioxidants. The simulator aids production units in determining the best antioxidant solution for their shelf-life needs.
Butylated Hydroxytoluene Market Regional Overview:
The APAC region, followed by North America, has the greatest market share of the global Butylated Hydroxytoluene market. In the forecasted period, the APAC Butylated Hydroxytoluene market, led by Japan, South Korea, India, & China, is expected to cross US$ 125 Mn. BHT protects lipids against oxidation in processed foods, meat products, and baked items. Due to changing lifestyles & hectic schedules, increased consumption of bread and cookies will enhance baked goods consumption, fostering regional product demand.

The objective of the report is to present a comprehensive analysis of the Butylated Hydroxytoluene Market to the stakeholders in the industry. The past and current status of the industry with the forecasted Market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include Market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the Market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the Butylated Hydroxytoluene Market dynamics, structure by analyzing the Market segments and project the Butylated Hydroxytoluene Market size. Clear representation of competitive analysis of key players by Grade, price, financial position, Grade portfolio, growth strategies, and regional presence in the Butylated Hydroxytoluene Market make the report investor’s guide.
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Butylated Hydroxytoluene Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2017 to 2022
Market Size in 2022:
US $ 228.22 Mn.


Forecast Period 2023 to 2029 CAGR:
6.5%
Market Size in 2029:
US $ 354.66 Mn.


 Segments Covered:
by Grade
• Technical Grade
• Food Grade


by End-user
• Plastics & Rubbers
• Food & Beverages
• Animal Feed
• Personal Care
• Others



Butylated Hydroxytoluene Market, by Region
• North America (United States, Canada and Mexico)
• Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
• Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
• Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
• South America (Brazil, Argentina Rest of South America)
Butylated Hydroxytoluene Market Key Players:
• Sasol Limited
• Lanxess
• Eastman Chemical Company
• HELM AG
• Oxiris Chemicals S.A.
• Finoric LLC
• Finar Limited
• Yasho Industries Limited
• Milestone Preservatives Pvt. Ltd.
• Twinkle Chemi Lab Pvt. Ltd.
• Impextraco
• Parchem Fine and Specialty Chemicals
• Perstorp Group
• KH Chemicals
• Eastman Chemical Company
• Merisol
• Others

Frequently Asked Questions:

1. Which region has the largest share in Global Butylated Hydroxytoluene Market?
Ans: Asia Pacific region held the highest share in 2022.

2. What is the growth rate of Global Butylated Hydroxytoluene Market?
Ans: The Global Butylated Hydroxytoluene Market is growing at a CAGR of 6.5% during forecasting period 2023-2029.

3. What is scope of the Global Butylated Hydroxytoluene Market report?
Ans: Global Butylated Hydroxytoluene Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Butylated Hydroxytoluene Market?
Ans: The important key players in the Global Butylated Hydroxytoluene Market are – Sasol Limited, Lanxess, Eastman Chemical Company, HELM AG, Oxiris Chemicals S.A., Finoric LLC, Finar Limited, Yasho Industries Limited, Milestone Preservatives Pvt. Ltd., Twinkle Chemi Lab Pvt. Ltd., Impextraco, Parchem Fine and Specialty Chemicals, Perstorp Group, KH Chemicals, Eastman Chemical Company, Merisol, and Others

5. What is the study period of this Market?
Ans: The Global Butylated Hydroxytoluene Market is studied from 2022 to 2029.