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Global Butylated Hydroxytoluene Market

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Akash R
Global Butylated Hydroxytoluene Market


Global Butylated Hydroxytoluene Market was valued at US$ 198.9 Mn in 2019 and is expected to reach US$ 312.7 Mn by 2027, at a CAGR of 6.5 % during the forecast period.

Global Butylated Hydroxytoluene Market

Global Butylated Hydroxytoluene Market, Definition:

Butylated Hydroxytoluene (BHT) is found in bacteria such as green algae. For industrial purposes, it is produced with the reaction of 4-methyl phenol with 2-methyl propene. BHT is mainly used as a food preservative because of its antioxidant properties. Furthermore, it is used to avoid oxidation in industrial additive fluids like oil and fuel.

The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.

Global Butylated Hydroxytoluene Market

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Global Butylated Hydroxytoluene Market Dynamics:

The Global Butylated Hydroxytoluene Market has witnessed significant growth owing to the expansion of the cosmetics industry, as butylated hydroxytoluene is used in cosmetics as a stabilizer.
The use of butylated hydroxytoluene as an animal feed to upturn disease resistance in animals drives the market growth. Intensifying demand for synthetic antioxidants because of their increasing utilization for preserving food products in order to increase shelf life will boost the market growth. The product inhibits oxidation and has its applications in numerous industries including food additives, cosmetics, lubricating & speciality oils, food packaging, animal feed, and pharmaceuticals.

However, the safety of butylated hydroxytoluene used as food flavor is still questionable. Its inclusive use is considered to be associated with liver enlargement and carcinogenic activity. Hence, the lack of knowledge among food manufacturers and consumers regarding its harmful side may restrain the market growth of the Butylated Hydroxytoluene Market globally.
Segment Analysis of the Global Butylated Hydroxytoluene Market:

The personal care & cosmetics segment may witness considerable gains of up to 4.7% by 2027. It neutralizes free oxygen radicals, upsurges shelf life, and stabilizes colorants in personal care products. Growing demand for skin and sun care products owing to changing climatic conditions & global warming will drive the cosmetics industry's growth.

The technical grade segment is anticipated to register the higher CAGR during the forecast period. This high growth is mostly attributed to demand for BHT as an antioxidant in rubbers, plastics, coatings, printing inks, lubricants, biodiesel, and elastomers. Industrial growth in the Asia Pacific especially in the agrochemicals, printing inks, coatings industries is driving the demand for BHT.
Regional Insights of the Global Butylated Hydroxytoluene Market:

Asia Pacific region holds the largest market share of the Global Butylated Hydroxytoluene Market followed by North America. The Asia Pacific led by Japan, South Korea, India, and China, butylated hydroxytoluene market is estimated to surpass US$ 125 Mn in the estimated timeframe. BHT prevents lipid oxidation in food products with processed foods, meat products & baked goods. Growing consumption of bread & cookies owing to changing lifestyles and busy schedule will promote baked goods consumption, therefore, fostering regional product demand.

China's butylated hydroxytoluene market may witness significant gains of over 5.9% by 2027. BHT because of its food preserving and antioxidative properties is extensively added to food packaging products. The growing demand for attractive food packaging sheets and plastics in order to lure consumers will enhance the market size.

The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data, and projections with a suitable set of assumptions and methodology. The report also helps in understanding Global Butylated Hydroxytoluene Market dynamics, structure by identifying and analyzing the market segments and project the global market size.
Global Butylated Hydroxytoluene Market, Key Highlights:

• Global Butylated Hydroxytoluene Market analysis and forecast, in terms of value.
• Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Butylated Hydroxytoluene Market
• Global Butylated Hydroxytoluene Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.
• Global Butylated Hydroxytoluene Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.
• Global Butylated Hydroxytoluene Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.
• Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.
• Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Butylated Hydroxytoluene Market are also profiled.
Scope of the Global Butylated Hydroxytoluene Market Report: Inquire before buying

Global Butylated Hydroxytoluene Market, by Grade

• Technical Grade
• Food Grade
Global Butylated Hydroxytoluene Market, by End-Use Industry

• Plastics & Rubbers
• Food & Beverages
• Animal Feed
• Personal Care
• Others
Global Butylated Hydroxytoluene Market, by Region

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
Key Players Operating in the Global Butylated Hydroxytoluene Market:

• 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.
• Double Bond Chemical Ind., Co., Ltd.
• Honshu Chemical Industry Co., Ltd.
• Cargill Incorporated
• Caldic
• Impextraco
• Parchem Fine and Specialty Chemicals
• Perstorp Group
• KH Chemicals
• Eastman Chemical Company
• Merisol

 

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This Report Is Submitted By : Maximize Market Research Company
About Us:
Maximize Market Research:
Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.

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