Butylated Hydroxytoluene Market
Butylated Hydroxytoluene Market Forecasts to 2030 - Global Analysis By Type (Food Grade and Technical Grade), Form (Powder, Granules, Liquid, Blends and Other Forms), Application and By Geography
According to Stratistics MRC, the Global Butylated Hydroxytoluene Market is accounted for $245.52 million in 2023 and is expected to reach $381.56 million by 2030 growing at a CAGR of 6.5% during the forecast period. Butylated Hydroxytoluene (BHT) is a synthetic antioxidant commonly used in food, cosmetics, and industrial products to prevent spoilage and oxidation. Its primary benefit lies in its ability to prevent oxidation, thereby extending the shelf life of products by inhibiting rancidity and maintaining freshness. BHT also helps preserve the colour, flavor, and aroma of food items, ensuring quality over time.
According to the World Economic Forum, by the year 2050, global plastic production is expected to reach three times.
Market Dynamics:
Driver:
Increasing demand in food industry
Increasing demand in the food industry, driven by population growth and changing dietary preferences, serves as a key driver for the growth of the Butylated Hydroxytoluene (BHT). BHT serves as a synthetic antioxidant commonly used in food preservation, extending shelf life and maintaining product quality. With heightened awareness of food safety and the need for longer shelf lives, the demand for BHT has surged. Its effectiveness in preventing oxidation and preserving food products has made it a staple ingredient in various food applications, thus driving the growth of the BHT market.
Restraint:
Stringent regulations & health concerns
Regulatory bodies, citing potential health risks, impose restrictions on BHT usage in food and cosmetic products. Concerns include its classification as a possible carcinogen and its adverse effects on reproductive health. Moreover, consumer awareness about these health risks is increasing, leading to a preference for natural alternatives. Consequently, the market faces hurdles in expanding its customer base and penetrating new segments due to the negative perception and regulatory limitations associated with BHT.
Opportunity:
Expanding cosmetics & pharmaceutical industries
Butylated Hydroxytoluene, a synthetic antioxidant, is extensively utilized in these sectors for its preservative properties, prolonging product shelf life and maintaining quality. In cosmetics, it prevents rancidity and oxidation, enhancing product stability. Similarly, in pharmaceuticals, it safeguards drug formulations from degradation. As these industries continue to grow globally, the demand for BHT rises in tandem, ensuring sustained market expansion for this crucial additive.
Threat:
Shift towards natural antioxidants
With increasing consumer preference for natural and clean-label products, there's a growing demand for alternatives to synthetic additives like BHT. Natural antioxidants, derived from sources such as plant extracts, are perceived as safer and more environmentally friendly. This trend prompts manufacturers to seek out natural alternatives, thereby reducing reliance on BHT. Consequently, the BHT market faces the threat of losing market share to these natural alternatives, impacting its growth trajectory.
Covid-19 Impact
The covid-19 pandemic has significantly impacted the butylated hydroxytoluene market. As a synthetic antioxidant widely used in various industries, including food, cosmetics, and pharmaceuticals, disruptions in supply chains and manufacturing processes have led to fluctuations in BHT availability and pricing. Increased demand for products containing BHT, such as packaged foods and personal care items, has further influenced market dynamics. Additionally, shifts in consumer preferences towards healthier and more natural alternatives posed challenges for the BHT market's growth trajectory in the post-pandemic era.
The food grade segment is expected to be the largest during the forecast period
The food grade segment is estimated to have a lucrative growth. Food grade BHT is a synthetic antioxidant commonly used in food products to prevent spoilage and extend shelf life. It is derived from petroleum and has been approved for use in various countries, including the United States and the European Union. BHT works by inhibiting the oxidation of fats and oils, which helps maintain the freshness and quality of food products. As a food additive, it undergoes strict regulation and is typically used in low concentrations to ensure food safety.
The extrusion segment is expected to have the highest CAGR during the forecast period
The extrusion segment is anticipated to witness the highest CAGR growth during the forecast period. BHT is a synthetic antioxidant that inhibits the formation of free radicals, thereby preserving the integrity of medications susceptible to degradation from exposure to oxygen. BHT is often added to oils, ointments, and pharmaceutical formulations to maintain stability and efficacy, especially in products containing sensitive compounds like vitamins or fatty acids. Its effectiveness, low cost, and regulatory approval make it a popular choice in the pharmaceutical industry for safeguarding the quality and potency of various medicinal products.
Region with largest share:
Asia Pacific is projected to hold the largest market share during the forecast period driven by the region's thriving food, cosmetics, and pharmaceutical industries. Rapid urbanization, rising disposable incomes, and changing lifestyles are fueling the demand for processed foods, personal care products, and pharmaceuticals, all of which utilize BHT as a preservative. As key economies such as China, India, and Japan continue to expand, the Asia-Pacific BHT market is poised for sustained expansion in the coming years.
Region with highest CAGR:
North America is projected to have the highest CAGR over the forecast period. The region's well-established food and beverage sector extensively employs BHT as a preservative to enhance product shelf life. . Increasing consumer demand for convenience foods and personal care products further propels market growth. Additionally, stringent regulations regarding food and drug safety contribute to the consistent demand for BHT in North America, fostering market expansion.
Key players in the market
Some of the key players profiled in the Butylated Hydroxytoluene Market include BASF SE, Eastman Chemical Company, Lanxess AG, SI Group, Oxiris Chemicals S.A., Sasol Limited, Merck KGaA, Jubilant Life Sciences Limited, Kemin Industries Inc., Emerald Performance Materials, LLC, Milestone Preservatives Limited, Boda Metal Limited, Tokyo Chemical Industry Limited, Dow Chemical Company, Lonza Group AG, Adeka Corporation, Arkema Group, Galata Chemicals, Camlin Fine Sciences Limited and AkzoNobel NV.
Key Developments:
In July 2017, Kemin industry launched a colour protection simulator for food and beverages in their North America branch. The consumer friendly antioxidants are used as color protection solutions, including Butylated Hydroxyanisole, Butylated Hydroxytoluene, or Tertiary-Butylhydroquinone. The simulator helps production units to determine the optimal antioxidant solution in order to meet the requirements of their desired shelf life.
Types Covered:
• Food Grade
• Technical Grade
Forms Covered:
• Powder
• Granules
• Liquid
• Blends
• Other Forms
Applications Covered:
• Plastics & Rubber
• Animal Feed
• Pharmaceuticals
• Cosmetics & Personal Care Products
• Food & Beverages
• Other Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, an
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Butylated Hydroxytoluene Market, By Type
5.1 Introduction
5.2 Food Grade
5.3 Technical Grade
6 Global Butylated Hydroxytoluene Market, By Form
6.1 Introduction
6.2 Powder
6.3 Granules
6.4 Liquid
6.5 Blends
6.6 Other Forms
7 Global Butylated Hydroxytoluene Market, By Application
7.1 Introduction
7.2 Plastics & Rubber
7.3 Animal Feed
7.4 Pharmaceuticals
7.5 Cosmetics & Personal Care Products
7.6 Food & Beverages
7.7 Other Applications
8 Global Butylated Hydroxytoluene Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa
9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies
10 Company Profiling
10.1 BASF SE
10.2 Eastman Chemical Company
10.3 Lanxess AG
10.4 SI Group
10.5 Oxiris Chemicals S.A.
10.6 Sasol Limited
10.7 Merck KGaA
10.8 Jubilant Life Sciences Limited
10.9 Kemin Industries Inc.
10.10 Emerald Performance Materials, LLC
10.11 Milestone Preservatives Limited
10.12 Boda Metal Limited
10.13 Tokyo Chemical Industry Limited
10.14 Dow Chemical Company
10.15 Lonza Group AG
10.16 Adeka Corporation
10.17 Arkema Group
10.18 Galata Chemicals
10.19 Camlin Fine Sciences Limited
10.20 AkzoNobel NV
List of Tables
1 Global Butylated Hydroxytoluene Market Outlook, By Region (2021-2030) ($MN)
2 Global Butylated Hydroxytoluene Market Outlook, By Type (2021-2030) ($MN)
3 Global Butylated Hydroxytoluene Market Outlook, By Food Grade (2021-2030) ($MN)
4 Global Butylated Hydroxytoluene Market Outlook, By Technical Grade (2021-2030) ($MN)
5 Global Butylated Hydroxytoluene Market Outlook, By Form (2021-2030) ($MN)
6 Global Butylated Hydroxytoluene Market Outlook, By Powder (2021-2030) ($MN)
7 Global Butylated Hydroxytoluene Market Outlook, By Granules (2021-2030) ($MN)
8 Global Butylated Hydroxytoluene Market Outlook, By Liquid (2021-2030) ($MN)
9 Global Butylated Hydroxytoluene Market Outlook, By Blends (2021-2030) ($MN)
10 Global Butylated Hydroxytoluene Market Outlook, By Other Forms (2021-2030) ($MN)
11 Global Butylated Hydroxytoluene Market Outlook, By Application (2021-2030) ($MN)
12 Global Butylated Hydroxytoluene Market Outlook, By Plastics & Rubber (2021-2030) ($MN)
13 Global Butylated Hydroxytoluene Market Outlook, By Animal Feed (2021-2030) ($MN)
14 Global Butylated Hydroxytoluene Market Outlook, By Pharmaceuticals (2021-2030) ($MN)
15 Global Butylated Hydroxytoluene Market Outlook, By Cosmetics & Personal Care Products (2021-2030) ($MN)
16 Global Butylated Hydroxytoluene Market Outlook, By Food & Beverages (2021-2030) ($MN)
17 Global Butylated Hydroxytoluene Market Outlook, By Other Applications (2021-2030) ($MN)
18 North America Butylated Hydroxytoluene Market Outlook, By Country (2021-2030) ($MN)
19 North America Butylated Hydroxytoluene Market Outlook, By Type (2021-2030) ($MN)
20 North America Butylated Hydroxytoluene Market Outlook, By Food Grade (2021-2030) ($MN)
21 North America Butylated Hydroxytoluene Market Outlook, By Technical Grade (2021-2030) ($MN)
22 North America Butylated Hydroxytoluene Market Outlook, By Form (2021-2030) ($MN)
23 North America Butylated Hydroxytoluene Market Outlook, By Powder (2021-2030) ($MN)
24 North America Butylated Hydroxytoluene Market Outlook, By Granules (2021-2030) ($MN)
25 North America Butylated Hydroxytoluene Market Outlook, By Liquid (2021-2030) ($MN)
26 North America Butylated Hydroxytoluene Market Outlook, By Blends (2021-2030) ($MN)
27 North America Butylated Hydroxytoluene Market Outlook, By Other Forms (2021-2030) ($MN)
28 North America Butylated Hydroxytoluene Market Outlook, By Application (2021-2030) ($MN)
29 North America Butylated Hydroxytoluene Market Outlook, By Plastics & Rubber (2021-2030) ($MN)
30 North America Butylated Hydroxytoluene Market Outlook, By Animal Feed (2021-2030) ($MN)
31 North America Butylated Hydroxytoluene Market Outlook, By Pharmaceuticals (2021-2030) ($MN)
32 North America Butylated Hydroxytoluene Market Outlook, By Cosmetics & Personal Care Products (2021-2030) ($MN)
33 North America Butylated Hydroxytoluene Market Outlook, By Food & Beverages (2021-2030) ($MN)
34 North America Butylated Hydroxytoluene Market Outlook, By Other Applications (2021-2030) ($MN)
35 Europe Butylated Hydroxytoluene Market Outlook, By Country (2021-2030) ($MN)
36 Europe Butylated Hydroxytoluene Market Outlook, By Type (2021-2030) ($MN)
37 Europe Butylated Hydroxytoluene Market Outlook, By Food Grade (2021-2030) ($MN)
38 Europe Butylated Hydroxytoluene Market Outlook, By Technical Grade (2021-2030) ($MN)
39 Europe Butylated Hydroxytoluene Market Outlook, By Form (2021-2030) ($MN)
40 Europe Butylated Hydroxytoluene Market Outlook, By Powder (2021-2030) ($MN)
41 Europe Butylated Hydroxytoluene Market Outlook, By Granules (2021-2030) ($MN)
42 Europe Butylated Hydroxytoluene Market Outlook, By Liquid (2021-2030) ($MN)
43 Europe Butylated Hydroxytoluene Market Outlook, By Blends (2021-2030) ($MN)
44 Europe Butylated Hydroxytoluene Market Outlook, By Other Forms (2021-2030) ($MN)
45 Europe Butylated Hydroxytoluene Market Outlook, By Application (2021-2030) ($MN)
46 Europe Butylated Hydroxytoluene Market Outlook, By Plastics & Rubber (2021-2030) ($MN)
47 Europe Butylated Hydroxytoluene Market Outlook, By Animal Feed (2021-2030) ($MN)
48 Europe Butylated Hydroxytoluene Market Outlook, By Pharmaceuticals (2021-2030) ($MN)
49 Europe Butylated Hydroxytoluene Market Outlook, By Cosmetics & Personal Care Products (2021-2030) ($MN)
50 Europe Butylated Hydroxytoluene Market Outlook, By Food & Beverages (2021-2030) ($MN)
51 Europe Butylated Hydroxytoluene Market Outlook, By Other Applications (2021-2030) ($MN)
52 Asia Pacific Butylated Hydroxytoluene Market Outlook, By Country (2021-2030) ($MN)
53 Asia Pacific Butylated Hydroxytoluene Market Outlook, By Type (2021-2030) ($MN)
54 Asia Pacific Butylated Hydroxytoluene Market Outlook, By Food Grade (2021-2030) ($MN)
55 Asia Pacific Butylated Hydroxytoluene Market Outlook, By Technical Grade (2021-2030) ($MN)
56 Asia Pacific Butylated Hydroxytoluene Market Outlook, By Form (2021-2030) ($MN)
57 Asia Pacific Butylated Hydroxytoluene Market Outlook, By Powder (2021-2030) ($MN)
58 Asia Pacific Butylated Hydroxytoluene Market Outlook, By Granules (2021-2030) ($MN)
59 Asia Pacific Butylated Hydroxytoluene Market Outlook, By Liquid (2021-2030) ($MN)
60 Asia Pacific Butylated Hydroxytoluene Market Outlook, By Blends (2021-2030) ($MN)
61 Asia Pacific Butylated Hydroxytoluene Market Outlook, By Other Forms (2021-2030) ($MN)
62 Asia Pacific Butylated Hydroxytoluene Market Outlook, By Application (2021-2030) ($MN)
63 Asia Pacific Butylated Hydroxytoluene Market Outlook, By Plastics & Rubber (2021-2030) ($MN)
64 Asia Pacific Butylated Hydroxytoluene Market Outlook, By Animal Feed (2021-2030) ($MN)
65 Asia Pacific Butylated Hydroxytoluene Market Outlook, By Pharmaceuticals (2021-2030) ($MN)
66 Asia Pacific Butylated Hydroxytoluene Market Outlook, By Cosmetics & Personal Care Products (2021-2030) ($MN)
67 Asia Pacific Butylated Hydroxytoluene Market Outlook, By Food & Beverages (2021-2030) ($MN)
68 Asia Pacific Butylated Hydroxytoluene Market Outlook, By Other Applications (2021-2030) ($MN)
69 South America Butylated Hydroxytoluene Market Outlook, By Country (2021-2030) ($MN)
70 South America Butylated Hydroxytoluene Market Outlook, By Type (2021-2030) ($MN)
71 South America Butylated Hydroxytoluene Market Outlook, By Food Grade (2021-2030) ($MN)
72 South America Butylated Hydroxytoluene Market Outlook, By Technical Grade (2021-2030) ($MN)
73 South America Butylated Hydroxytoluene Market Outlook, By Form (2021-2030) ($MN)
74 South America Butylated Hydroxytoluene Market Outlook, By Powder (2021-2030) ($MN)
75 South America Butylated Hydroxytoluene Market Outlook, By Granules (2021-2030) ($MN)
76 South America Butylated Hydroxytoluene Market Outlook, By Liquid (2021-2030) ($MN)
77 South America Butylated Hydroxytoluene Market Outlook, By Blends (2021-2030) ($MN)
78 South America Butylated Hydroxytoluene Market Outlook, By Other Forms (2021-2030) ($MN)
79 South America Butylated Hydroxytoluene Market Outlook, By Application (2021-2030) ($MN)
80 South America Butylated Hydroxytoluene Market Outlook, By Plastics & Rubber (2021-2030) ($MN)
81 South America Butylated Hydroxytoluene Market Outlook, By Animal Feed (2021-2030) ($MN)
82 South America Butylated Hydroxytoluene Market Outlook, By Pharmaceuticals (2021-2030) ($MN)
83 South America Butylated Hydroxytoluene Market Outlook, By Cosmetics & Personal Care Products (2021-2030) ($MN)
84 South America Butylated Hydroxytoluene Market Outlook, By Food & Beverages (2021-2030) ($MN)
85 South America Butylated Hydroxytoluene Market Outlook, By Other Applications (2021-2030) ($MN)
86 Middle East & Africa Butylated Hydroxytoluene Market Outlook, By Country (2021-2030) ($MN)
87 Middle East & Africa Butylated Hydroxytoluene Market Outlook, By Type (2021-2030) ($MN)
88 Middle East & Africa Butylated Hydroxytoluene Market Outlook, By Food Grade (2021-2030) ($MN)
89 Middle East & Africa Butylated Hydroxytoluene Market Outlook, By Technical Grade (2021-2030) ($MN)
90 Middle East & Africa Butylated Hydroxytoluene Market Outlook, By Form (2021-2030) ($MN)
91 Middle East & Africa Butylated Hydroxytoluene Market Outlook, By Powder (2021-2030) ($MN)
92 Middle East & Africa Butylated Hydroxytoluene Market Outlook, By Granules (2021-2030) ($MN)
93 Middle East & Africa Butylated Hydroxytoluene Market Outlook, By Liquid (2021-2030) ($MN)
94 Middle East & Africa Butylated Hydroxytoluene Market Outlook, By Blends (2021-2030) ($MN)
95 Middle East & Africa Butylated Hydroxytoluene Market Outlook, By Other Forms (2021-2030) ($MN)
96 Middle East & Africa Butylated Hydroxytoluene Market Outlook, By Application (2021-2030) ($MN)
97 Middle East & Africa Butylated Hydroxytoluene Market Outlook, By Plastics & Rubber (2021-2030) ($MN)
98 Middle East & Africa Butylated Hydroxytoluene Market Outlook, By Animal Feed (2021-2030) ($MN)
99 Middle East & Africa Butylated Hydroxytoluene Market Outlook, By Pharmaceuticals (2021-2030) ($MN)
100 Middle East & Africa Butylated Hydroxytoluene Market Outlook, By Cosmetics & Personal Care Products (2021-2030) ($MN)
101 Middle East & Africa Butylated Hydroxytoluene Market Outlook, By Food & Beverages (2021-2030) ($MN)
102 Middle East & Africa Butylated Hydroxytoluene Market Outlook, By Other Applications (2021-2030) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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