Butylated Hydroxytoluene Market Analysis | 2023-2028

Market Highlights

The Butylated Hydroxytoluene Market was estimated at US$ 219.54 million in 2022 and is expected to grow at a CAGR of 5.25% during 2023-2028 to reach US$ 299.84 million in 2028.

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What is Butylated Hydroxytoluene?

Butylated Hydroxytoluene (BHT) is a synthetic antioxidant commonly used in food, cosmetics, plastics, and pharmaceuticals to prevent oxidation and extend shelf life. Its primary function is to inhibit the degradation of substances by oxygen, particularly in fats and oils. BHT is added to various products to maintain freshness and quality. Although generally considered safe in small amounts, there are ongoing discussions about its long-term health implications, and regulatory approval varies across regions.

Market Drivers

The growing demand for butylated hydroxytoluene is mainly due to its properties making it ideal for a large number of industries like food, cosmetics, plastics, and pharmaceuticals.

Segments Analysis

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By Grade Type

The butylated hydroxytoluene market is segmented into food grade and technical grade. Technical grade is estimated to be the fastest-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.

By End-Use Industry Type

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

Regional Analysis

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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Key Players

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

Research Methodology

This report offers high-quality insights and is the outcome of a 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 books, press releases, journals, investor presentations, 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 qualitative and quantitative insights.

Report Features

This report provides market intelligence most comprehensively. 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.

What Deliverables Will You Get in this 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 product types by application type.  

Competitive Benchmarking

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

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