According to a new market report published by Lucintel, the future of the butylated hydroxytoluene market looks promising with opportunities in the plastics and rubbers, food and beverages, animal feed, and personal care industries. The global butylated hydroxytoluene market is expected to grow with a CAGR of 4%-5% from 2020 to 2025. The major drivers for this market are growth in plastic production worldwide and high demand from the prepared food industry.
Butylated Hydroxytoluene (BHT), also called dibutyl hydroxytoluene, is a derivative of phenol. It is primarily used as an antioxidant in various applications. In this market, food and technical grades are the major grades manufactured. Lucintel forecasts that technical grade of butylated hydroxytoluene will remain the largest segment over the forecast period due to growing consumption of BHT as an antioxidant in plastics, rubbers and elastomers, lubricating and specialty oils, industrial fats, oils and fatty acids, bio-diesel fuel blends, linseed, soy and other plant-derived oils, and printing inks and coatings to maintain stability, to mitigate deterioration.
Within this market, the food and beverage industry will remain the largest segment by end use industries over the forecast period due to rise in health consciousness among consumers and increase in intake of proteins
Asia Pacific will remain the largest region over the forecast period due to stringent regulations for the control of VOC emissions, rising disposal income, and growing population in the region.
Sasol Limited, Lanxess AG, Eastman Chemical Company, Oxiris Chemicals S.A., HELM AG, Finoric Llc, Honshu Chemical Industry Co. Ltd, Twinkle Chemi Lab Pvt Ltd., Yasho Industries Limited, Milestone Preservatives Pvt Ltd, and Finar Limited are among the major suppliers in the global butylated hydroxytoluene market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global butylated hydroxytoluene market by end use industry, grade, functionality, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Butylated Hydroxytoluene Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global butylated hydroxytoluene market by end use industries, grade, functionality, and region as follows:
By End Use Industry [Value ($ Million) shipment analysis for 2014 – 2025]:
Plastics and Rubbers
Food and Beverages
Animal Feed
Personal Care
Others
By Grade [Value ($ Million) shipment analysis for 2014 – 2025]:
Food Grade
Technical Grade
By Functionality [Value ($ Million) shipment analysis for 2014 – 2025]:
Food Preservatives
Antioxidants
By Region [Value ($ Million) shipment analysis for 2014 – 2025]:
United States
Canada
Mexico
Italy
United Kingdom
German
France
China
India
South Korea
Japan
A more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
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