Butylated Hydroxytoluene Market | Covid-19 Impact Analysis

Butylated Hydroxytoluene Market Insights

Butylated hydroxytoluene market to witness a healthy CAGR of 5.1% during the forecast period. The growing demand for butylated hydroxytoluene is mainly due to its properties making it ideal for a large number of industries.

Market Share Analysis

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Butylated Hydroxytoluene Market Share: By Grade Type

Based on the grade type, the market is segmented as food grade and technical grade. Technical grade is estimated to be the faster-growing segment during the next five years. The demand for butylated hydroxytoluene as an antioxidant in rubbers, plastics, coatings, lubricants, printing inks, elastomers, and biodiesel is driving the market.

Butylated Hydroxytoluene Market Share: By End-Use Industry Type

Based on the end-use industry type, the butylated hydroxytoluene market is segmented as plastics & rubbers, food & beverages, animal feed, personal care, and others. The plastics & rubbers segment leads the market owing to growing per capita and plastics consumption, especially in automotive, packaging, and building & construction industries, which is driving the demand for plastics, ultimately leading to growing demand for butylated hydroxytoluene.

Butylated Hydroxytoluene Market Share: By Region

In terms of regions, Asia-Pacific is estimated to be the largest as well as fastest-growing butylated hydroxytoluene market during the forecast period, with China and India, being the major countries promising considerable growth opportunities. It is a hub for plastics, animal feed chemical, personal care, pharmaceutical, food & beverages industries and the industrial growth in the region further endorses substantial growth opportunities in the next coming five years. North America and Europe are also estimated to offer lucrative growth opportunities during the forecast period.

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Some of the major butylated hydroxytoluene manufacturers are-

• Eastman Chemical Company
• Finar Limited
• Finoric LLC
• HELM AG
• Lanxess AG
• Milestone Preservatives Pvt. Ltd.
• Oxiris Chemicals S.A.
• Sasol Limited
• Twinkle Chemi Lab Pvt. Ltd.
• Yasho Industries Limited.

Market Scope & Segmentation

Butylated hydroxytoluene is a lipophilic organic compound, also known as dibutyl hydroxytoluene. It is chemically a derivative of phenol, that is useful for its antioxidant properties. In addition to this usage, BHT is widely used to prevent oxidation in fluids (e.g. fuel, oil) and other materials where free radicals must be controlled.

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The butylated hydroxytoluene market is segmented into the following categories. 

Butylated Hydroxytoluene Market Size, Share, & Forecast, by Grade Type:

• Food Grade (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Technical Grade (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Butylated Hydroxytoluene Market Size, Share, & Forecast, by End-Use Industry Type:

• Plastics & Rubbers (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Food & Beverages (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Animal Feed (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Personal Care (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Butylated Hydroxytoluene Market Size, Share, & Forecast, by Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the grade types by end-use industry type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].