Butylated Hydroxytoluene Market - Global Size, Share, Trend Analysis, Opportunity and Forecast Report, 2019–2029, Segmented By Grade (Technical, Food); By Application (Food Additives, Fuel Additives, Polymeric Ingredients, Pesticide Ingredients, Others); End User (Oil & Gas, Food & Beverages, Consumer Products, Aerospace Automotive, Others); By Region (North America, Europe, Asia Pacific, Latin America, Middle East and Africa)
Global Butylated Hydroxytoluene (BHT) Market Size Expands to Cross USD 391 Million by 2029
The global butylated hydroxytoluene (BHT) market is gaining traction because of the rise in plastics production and expansion of cosmetic industry across the world.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated global butylated hydroxytoluene (BHT) market size at USD 263.1 million in 2022. During the forecast period between 2023 and 2029, BlueWeave expects global butylated hydroxytoluene (BHT) market size is projected to grow at a CAGR of 5.91% reaching a value of USD 391.43 million by 2029. Major growth factors of global BHT market include its expanding application in various industries including food and beverages, plastic and rubber, and animal feed. Also, rapid R&D activities in BHT, especially in the healthcare industry are expected to present lucrative growth opportunities to the overall market in the coming years. However, rising concerns regarding the use of BHT in food & beverages industry is anticipated to hinder the growth of global BHT market during the forecast period.
Global Butylated Hydroxytoluene Market – Overview
Butylated hydroxytoluene (BHT), also known as butylhydroxytoluene, is a lipophilic organic molecule that is beneficial for its antioxidant qualities. It is chemically a derivative of phenol. It serves as a preservative and antioxidant in foods, animal feed, vegetable and animal-derived oils, petroleum products, rubber, and plastics. It helps in preventing oxidative rancidity of lipids by delaying the impact of oxygen on the dietary material. BHT is also utilized as medication. Acute immune deficiency syndrome (AIDS) and genital herpes are treated with BHT.
Impact of COVID-19 on Global Butylated Hydroxytoluene Market
The COVID-19 pandemic had a mixed impact on the growth of the global BHT market. The demand for processed and packaged food products registered a significant spike during the lockdown period. The use of BHT also gained significant traction in the animal feed industry with its rising application in the production process of the meat and poultry market. However, the market was hindered as the operations of the plastic and rubber industry, one of the major industries of the BHT market was temporarily halted, which resulted in huge losses to the manufacturers.
Global Butylated Hydroxytoluene Market – By Application
Based on application, the global butylated hydroxytoluene market is segmented into food additives, fuel additives, polymeric ingredients, pesticide ingredients, and others. BHT is prominently used in the food and beverages industry for a wide range of applications including flavoring agents, emulsifiers, antioxidants, and coloring agents. With this application, BHT preserves freshness or stops food from spoiling; it can also be used to slow down the pace at which food changes in terms of texture, color, or flavor. The use of BHT as the polymeric ingredient application also covers a substantial market share and is projected to grow at a high CAGR during the forecast period.
Competitive Landscape
Major players operating in the global BHT market include Anmol Chemicals, Dycon Chemicals, Finar Chemicals, Guangzhou ZIO Chemical Co. Ltd, Honshu Chemical Industry Co. Ltd, LANXESS, Merck KGaA, Milestone Preservatives Pvt. Ltd., OXIRIS, Ratnagiri Chemicals Pvt. Ltd, VDH ChemTech Pvt. Ltd, and Wuxi Yufeng International Trade Co. Ltd. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and the global Butylated Hydroxytoluene Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the global Butylated Hydroxytoluene Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
- 1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
- 2. Executive Summary
- 3. Global Butylated Hydroxytoluene Market Insights
- 3.1. Industry Value Chain Analysis
- 3.1.1. DROC Analysis
- 3.1.2. Growth Drivers
- 3.1.2.1. Rise in Global Plastics Production
- 3.1.2.2. Expansion of Cosmetic Industry
- 3.1.3. Restraints
- 3.1.3.1. Rising Concern Regarding the Use of BHT in Food & Beverage Industry
- 3.1.4. Opportunities
- 3.1.4.1. Industrial Growth Creating Lucrative Opportunities
- 3.1.5. Challenges
- 3.1.5.1. Development of Sustainable and Non-Toxic Alternatives to BHT
- 3.2. Technology Advancements/Recent Developments
- 3.3. Regulatory Framework
- 3.4. Porter’s Five Forces Analysis
- 3.4.1. Bargaining Power of Suppliers
- 3.4.2. Bargaining Power of Buyers
- 3.4.3. Threat of New Entrants
- 3.4.4. Threat of Substitutes
- 3.4.5. Intensity of Rivalry
- 4. Global Butylated Hydroxytoluene Market Overview
- 4.1. Market Size & Forecast, 2019–2029
- 4.1.1. By Value (USD Million)
- 4.2. Market Share & Forecast
- 4.2.1. By Grade
- 4.2.1.1. Technical
- 4.2.1.2. Food
- 4.2.2. By Application
- 4.2.2.1. Food Additives
- 4.2.2.2. Fuel Additives
- 4.2.2.3. Polymeric Ingredients
- 4.2.2.4. Pesticide Ingredients
- 4.2.2.5. Others
- 4.2.3. By End User
- 4.2.3.1. Oil & Gas
- 4.2.3.2. Food & Beverages
- 4.2.3.3. Consumer Products
- 4.2.3.4. Aerospace
- 4.2.3.5. Automotive
- 4.2.3.6. Others
- 4.2.4. By Region
- 4.2.4.1. North America
- 4.2.4.2. Europe
- 4.2.4.3. Asia Pacific (APAC)
- 4.2.4.4. Latin America
- 4.2.4.5. Middle East and Africa (MEA)
- 5. North America Butylated Hydroxytoluene Market
- 5.1. Market Size & Forecast, 2019–2029
- 5.1.1. By Value (USD Million)
- 5.2. Market Share & Forecast
- 5.2.1. By Grade
- 5.2.2. By Application
- 5.2.3. End User
- 5.2.4. By Country
- 5.2.4.1. US
- 5.2.4.1.1. By Grade
- 5.2.4.1.2. By Application
- 5.2.4.1.3. End User
- 5.2.4.2. Canada
- 5.2.4.2.1. By Grade
- 5.2.4.2.2. By Application
- 5.2.4.2.3. End User
- 6. Europe Butylated Hydroxytoluene Market
- 6.1. Market Size & Forecast, 2019–2029
- 6.1.1. By Value (USD Million)
- 6.2. Market Share & Forecast
- 6.2.1. By Grade
- 6.2.2. By Application
- 6.2.3. End User
- 6.2.4. By Country
- 6.2.4.1. Germany
- 6.2.4.1.1. By Grade
- 6.2.4.1.2. By Application
- 6.2.4.1.3. End User
- 6.2.4.2. UK
- 6.2.4.2.1. By Grade
- 6.2.4.2.2. By Application
- 6.2.4.2.3. End User
- 6.2.4.3. Italy
- 6.2.4.3.1. By Grade
- 6.2.4.3.2. By Application
- 6.2.4.3.3. End User
- 6.2.4.4. France
- 6.2.4.4.1. By Grade
- 6.2.4.4.2. By Application
- 6.2.4.4.3. End User
- 6.2.4.5. Spain
- 6.2.4.5.1. By Grade
- 6.2.4.5.2. By Application
- 6.2.4.5.3. End User
- 6.2.4.6. The Netherlands
- 6.2.4.6.1. By Grade
- 6.2.4.6.2. By Application
- 6.2.4.6.3. End User
- 6.2.4.7. Rest of Europe
- 6.2.4.7.1. By Grade
- 6.2.4.7.2. By Application
- 6.2.4.7.3. End User
- 7. Asia-Pacific Butylated Hydroxytoluene Market
- 7.1. Market Size & Forecast, 2019–2029
- 7.1.1. By Value (USD Million)
- 7.2. Market Share & Forecast
- 7.2.1. By Grade
- 7.2.2. By Application
- 7.2.3. End User
- 7.2.4. By Country
- 7.2.4.1. China
- 7.2.4.1.1. By Grade
- 7.2.4.1.2. By Application
- 7.2.4.1.3. End User
- 7.2.4.2. India
- 7.2.4.2.1. By Grade
- 7.2.4.2.2. By Application
- 7.2.4.2.3. End User
- 7.2.4.3. Japan
- 7.2.4.3.1. By Grade
- 7.2.4.3.2. By Application
- 7.2.4.3.3. End User
- 7.2.4.4. South Korea
- 7.2.4.4.1. By Grade
- 7.2.4.4.2. By Application
- 7.2.4.4.3. End User
- 7.2.4.5. Australia & New Zealand
- 7.2.4.5.1. By Grade
- 7.2.4.5.2. By Application
- 7.2.4.5.3. End User
- 7.2.4.6. Indonesia
- 7.2.4.6.1. By Grade
- 7.2.4.6.2. By Application
- 7.2.4.6.3. End User
- 7.2.4.7. Malaysia
- 7.2.4.7.1. By Grade
- 7.2.4.7.2. By Application
- 7.2.4.7.3. End User
- 7.2.4.8. Singapore
- 7.2.4.8.1. By Grade
- 7.2.4.8.2. By Application
- 7.2.4.8.3. End User
- 7.2.4.9. Philippines
- 7.2.4.9.1. By Grade
- 7.2.4.9.2. By Application
- 7.2.4.9.3. End User
- 7.2.4.10. Vietnam
- 7.2.4.10.1. By Grade
- 7.2.4.10.2. By Application
- 7.2.4.10.3. End User
- 7.2.4.11. Rest of APAC
- 7.2.4.11.1. By Grade
- 7.2.4.11.2. By Application
- 7.2.4.11.3. End User
- 8. Latin America Butylated Hydroxytoluene Market
- 8.1. Market Size & Forecast, 2019–2029
- 8.1.1. By Value (USD Million)
- 8.2. Market Share & Forecast
- 8.2.1. By Grade
- 8.2.2. By Application
- 8.2.3. End User
- 8.2.4. By Country
- 8.2.4.1. Brazil
- 8.2.4.1.1. By Grade
- 8.2.4.1.2. By Application
- 8.2.4.1.3. End User
- 8.2.4.2. Mexico
- 8.2.4.2.1. By Grade
- 8.2.4.2.2. By Application
- 8.2.4.2.3. End User
- 8.2.4.3. Argentina
- 8.2.4.3.1. By Grade
- 8.2.4.3.2. By Application
- 8.2.4.3.3. End User
- 8.2.4.4. Peru
- 8.2.4.4.1. By Grade
- 8.2.4.4.2. By Application
- 8.2.4.4.3. End User
- 8.2.4.5. Rest of LATAM
- 8.2.4.5.1. By Grade
- 8.2.4.5.2. By Application
- 8.2.4.5.3. End User
- 9. Middle East & Africa Butylated Hydroxytoluene Market
- 9.1. Market Size & Forecast, 2019–2029
- 9.1.1. By Value (USD Million)
- 9.2. Market Share & Forecast
- 9.2.1. By Grade
- 9.2.2. By Application
- 9.2.3. End User
- 9.2.4. By Country
- 9.2.4.1. Saudi Arabia
- 9.2.4.1.1. By Grade
- 9.2.4.1.2. By Application
- 9.2.4.1.3. End User
- 9.2.4.2. UAE
- 9.2.4.2.1. By Grade
- 9.2.4.2.2. By Application
- 9.2.4.2.3. End User
- 9.2.4.3. Qatar
- 9.2.4.3.1. By Grade
- 9.2.4.3.2. By Application
- 9.2.4.3.3. End User
- 9.2.4.4. Kuwait
- 9.2.4.4.1. By Grade
- 9.2.4.4.2. By Application
- 9.2.4.4.3. End User
- 9.2.4.5. South Africa
- 9.2.4.5.1. By Grade
- 9.2.4.5.2. By Application
- 9.2.4.5.3. End User
- 9.2.4.6. Nigeria
- 9.2.4.6.1. By Grade
- 9.2.4.6.2. By Application
- 9.2.4.6.3. End User
- 9.2.4.7. Algeria
- 9.2.4.7.1. By Grade
- 9.2.4.7.2. By Application
- 9.2.4.7.3. End User
- 9.2.4.8. Rest of MEA
- 9.2.4.8.1. By Grade
- 9.2.4.8.2. By Application
- 9.2.4.8.3. End User
- 10. Competitive Landscape
- 10.1. List of Key Players and Their Offerings
- 10.2. Global Butylated Hydroxytoluene Company Market Share Analysis, 2022
- 10.3. Competitive Benchmarking, By Operating Parameters
- 10.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
- 11. Impact of Covid-19 on Global Butylated Hydroxytoluene Market
- 12. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
- 12.1. Anmol Chemicals
- 12.2. Dycon Chemicals
- 12.3. Finar Chemicals
- 12.4. Guangzhou ZIO Chemical Co. Ltd
- 12.5. Honshu Chemical Industry Co. Ltd
- 12.6. LANXESS
- 12.7. Merck KGaA
- 12.8. Milestone Preservatives Pvt Ltd
- 12.9. OXIRIS
- 12.10. Ratnagiri Chemicals Pvt Ltd
- 12.11. VDH Chem Tech Pvt Ltd
- 12.12. Wuxi Yufeng International Trade Co. Ltd
- 12.13. Other Prominent Players
- 13. Key Strategic Recommendations
- 14. Research Methodology
- 14.1. Qualitative Research
- 14.1.1. Primary & Secondary Research
- 14.2. Quantitative Research
- 14.3. Market Breakdown & Data Triangulation
- 14.3.1. Secondary Research
- 14.3.2. Primary Research
- 14.4. Breakdown of Primary Research Respondents, By Region
- 14.5. Assumptions & Limitations
- *Financial information of case of non-listed companies can be provided as per availability.
- **The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable
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