Global Butylated Hydroxytoluene Market, By Type (Technical Grade, Food Grade), By Application (Food

Published Date: | Report Code : CH1958649

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Market Dynamics

Increasing the usage of antioxidants is expected to drive the growth of the Global Butylated Hydroxytoluene Market during the forecast period. This has resulted in some of the key developments by companies operating in the market to consolidate their market positions and look for further niche opportunities.

Butylated Hydroxytoluene, also known as BHT or dibutyl hydroxytoluene, is derived from phenol. It is found in many types of bacteria such as the algae. It is also industrially manufactured by the reaction of 2-methyl propene with 4-methyl phenol. It is mainly used as an antioxidant in various industries, as antioxidants help prevent oxidation of many industrial fluids.

Segment Analysis

This market is segmented based on the type, application, and end-users.

Based on the type, it is bifurcated as technical grade and food grade. The usage of the technical grade is increasing considerably, as it is used as an antioxidant in rubbers, plastics, oils & fatty acids, and printing inks so that they maintain their stability, and reduce the deterioration.

On the basis of the application, it is segmented as Food Additives, Fuel Additives, Pesticide Ingredients, Cosmetic Ingredients, Industrial Additives, Polymeric Ingredients, and Others. The food additives application is the highest among the others. Due to the increasing demand from the people about foods that remain edible for a longer time, there has been an increase in the preservation of foods, and also the safety of the food products is giving utmost importance. Hence the usage as a food additive is the most.

By the end-users, the division is Plastics & Rubbers, Oil & Gas, Food & Beverages, Animal Feed, Consumer Products, Personal Care, Aerospace, Automotive, Others. There has been significant growth in the production of plastics and rubbers and this is contributing to the growth of the Butylated Hydroxytoluene market. Also, the usage of BHT in the food & beverage industry has grown considerably. Many food products like meat have a high demand for BHT as it is an antioxidant, and the demand for these foods is also ever-increasing, as the consumers are becoming more health-conscious and want to increase the intake of proteins.

The market share of the APAC region is the highest as this region has the highest consumption of meat products, and thus antioxidants have to be used to preserve it.

Key Factors Impacting Market Growth:

  • Increasing usage of antioxidants in the end-user industries
  • Raises the efficiency of machines due to lubrication

Regional Analysis

On the basis of the region, the global butylated hydroxytoluene market has been segmented by North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, & Rest of the World. North America and Western Europe is some of the major markets are also traditional suppliers of chemicals such as specialty chemicals, bulk chemicals, and so on. Major companies in this market are headquartered in North America and Western Europe.  This region has been witnessing the number of transitions in terms of productions of chemicals and respective applications by end-use industries. The preference towards bio-based feedstock has been instrumental in the development of the green alternatives in these regions. Moreover, regulatory authorities have imposed strict guidelines with regard to environmental concerns and potential health hazards due to exposures. This has been more instrumental in the Western Europe region competitively. Some of the major economies in these regions include the US, Germany, UK, France, Canada, Italy, Spain, and so on.  The Asia Pacific and the Middle East are expected to register substantial growth in the global butylated hydroxytoluene market during the forecast period. This demand is with regards to the growth of major end-use industries such as plastics & rubbers, oil & gas, food & beverages, animal feed, consumer products, personal care, aerospace, automotive, others.

Major countries in the Asia Pacific region include China, South Korea, Japan, India, Australia, and so on. Middle East includes the UAE, Saudi Arabia, Iran, Israel, Egypt, and so on. Eastern Europe has been largely dominated by Russia and Turkey with operations of major chemical giants in the region.  Rest the World that includes South America and Africa has a strong potential for global butylated hydroxytoluene market. There has been an increasing number of investments by global companies in these regions to strengthen their presence and tap the potential market. Major economies in these regions for the global butylated hydroxytoluene market include Brazil, South Africa, Nigeria, Argentina, Colombia, and others.

Companies Covered: Eastman Chemical Company, Emerald Kalama Chemical, Impextraco NV, LANXESS, Quality Industries, Perstorp Group, Milestone Preservatives Pvt. Ltd.

Market Segmentation:

By Type:

  • Technical Grade
  • Food Grade

By Application:

  • Food Additives
  • Fuel Additives
  • Pesticide Ingredients
  • Cosmetic Ingredients
  • Industrial Additives
  • Polymeric Ingredients
  • Others

By End Users:

  • Plastics & Rubbers
  • Oil & Gas
  • Food & Beverages
  • Animal Feed
  • Consumer Products
  • Personal Care
  • Aerospace
  • Automotive
  • Others

By Region:

  • North America
    • By Country (US, Canada, Mexico)
    • By Type
    • By Application
    • By End Users
  • Western Europe
    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
    • By Type
    • By Application
    • By End Users
  • Eastern Europe
    • By Country (Russia, Turkey, Rest of Eastern Europe)
    • By Type
    • By Application
    • By End Users
  • Asia Pacific
    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
    • By Type
    • By Application
    • By End Users
  • Middle East
    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
    • By Type
    • By Application
    • By End Users
  • Rest of the World
    • By Region (South America, Africa)
    • By Type
    • By Application
    • By End Users

Reasons To Buy This Report:

  • Market size estimation of the global Butylated Hydroxytoluene Market on a regional and global basis
  • The unique research design for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market

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