Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 318.29 Million | USD 507.48 Million | 5.32% | 2023 |
Zion Market Research has published a report on the global Butylated Hydroxytoluene Market, estimating its value at USD 318.29 Million in 2023, with projections indicating that it will reach USD 507.48 Million by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 5.32% over the forecast period 2024-2032. The report explores the factors fueling market growth, the hitches that could hamper this expansion, and the opportunities that may arise in the Butylated Hydroxytoluene industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.
Butylated Hydroxytoluene, which is also termed as dibutyl Hydroxytoluene, is a phenyl derivative. The compound occurs naturally in many kinds of bacteria such as green algae. In addition to this, the compound is produced by making 4-methyl phenol react with 2-methyl propene. Additionally, Butylated Hydroxytoluene (BHT) finds myriad applications in food, industrial fluids, and cosmetics for preventing forming of free radicals in the body as well as oxidation.
Reportedly, the product is also used in personal care items such as lipsticks, eye liners, moisturizers, face powders, and eyebrow pencils. It is used in fish oil as well as meal for preventing oxidation.
Butylated Hydroxytoluene (BHT) is a synthetic antioxidant commonly used as a preservative in food, cosmetics, pharmaceuticals, and industrial applications. It helps prevent oxidation, which can cause the spoilage of products, especially those containing fats and oils.
While BHT is generally recognized as safe (GRAS) by regulatory bodies like the FDA, there is ongoing debate and research into its potential health impacts with high or long-term exposure. Some studies suggest that excessive intake could have negative health effects, though typical exposure through food and cosmetics is considered safe.
Report Attributes | Report Details |
---|---|
Report Name | Butylated Hydroxytoluene Market |
Market Size in 2023 | USD 318.29 Million |
Market Forecast in 2032 | USD 507.48 Million |
Growth Rate | CAGR of 5.32% |
Number of Pages | 110 |
Key Companies Covered | Honshu Chemical Industry Co. Ltd., Eastman Chemical Company, HELM AG, Milestone Preservatives Pvt Ltd., Lanxess AG, Finar Limited, Sasol Limited, Oxiris Chemicals S.A., Finoric Llc, Twinkle Chemi Lab Pvt Ltd., and Yasho Industries Limited |
Segments Covered | By Grade, By End-Use Industry And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The growth of the market is predicted to be influenced due to the massive product applications in plastics, agrochemicals, food & beverages, fuel additives, animal care, personal care, biodiesel, and lubricants. Rapid industrialization has resulted in rise in the production activities globally and this is likely to provide impetus to the market growth over the forecast timeframe.
Moreover, the thermal degrading characteristic of butylated Hydroxytoluene has facilitated its utilization in producing greases and lubricants. The product is also utilized in preparation of tablets or medicines, gels, and capsules. Apart from this, rise in the research activities in pharma & biotech sectors due to surge in chronic illness will raise the market proceeds over the forthcoming years. The compound also helps in prevention of oxidative stress in poultry. It also enhances color & mitigates bad taste in eggs & meat derived from poultry birds. Apparently, change in the dietary patterns as well as purchasing patterns will drive the demand for poultry meat, thereby driving the market growth over the forecast timeline.
The latest report illustrates the in-depth evaluation of the BHT market by segmenting it on the basis of grade, end-user, and geography.
By grade, the report divides the global market into food grade and technical grade.
By end-use industry, the global market is categorized into food & beverages, personal care, animal feed, rubbers & plastics, and others.
Asia Pacific To Lead The Overall Market Growth Over Forecast Timespan
The growth of the butylated Hydroxytoluene market in the Asia Pacific zone over the forecast timespan is due to swift industrialization and surge in the meat intake in the countries like China, South Korea, and India. In addition to this, the compound is used for preserving meat and the product demand is likely to bulge in these countries to fulfill the food necessities of the inflating population. Apart from this, rise in the intake of bakery items like cookies and breads and processed foods due to hectic work schedules of the working population of the zone will bolster the regional industry growth over the assessment timespan.
Key players profiled in the report include
By Grade:
By End-Use Industry
By Region
FrequentlyAsked Questions
Growth of the market is predicted to be influenced due to the massive product applications in plastics, agrochemicals, food & beverages, fuel additives, animal care, personal care, biodiesel, and lubricants.
The CAGR of the industry is expected to be nearly 5.32% during the forecast timespan.
Asia Pacific region will contribute sizably towards the global market revenue over the estimated timeline.
The key market participants include Lanxess AG, Sasol Limited, Oxiris Chemicals S.A., Eastman Chemical Company, Finoric Llc, HELM AG, Twinkle Chemi Lab Pvt Ltd, Honshu Chemical Industry Co. Ltd, Finar Limited, Milestone Preservatives Pvt Ltd, and Yasho Industries Limited.
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