Global Butylated Hydroxytoluene Market - 2023-2030

Market Overview

The global butylated hydroxytoluene market reached US$ XX million in 2022 and is projected to witness lucrative growth by reaching up to US$ XX million by 2030. The market is growing at a CAGR of 5.60% during the forecast period (2023-2030).

BHT is a white crystalline powder insoluble in water but is soluble in most organic solvents. In food products, BHT helps prevent the oxidation of fats and oils, which can lead to the formation of harmful compounds and decrease the product's shelf life. BHT helps to reduce food waste and increase the availability of fresh food products.

Butylated hydroxytoluene is mainly used in the plastic industry due there antioxidation properties. The thermoplastic and thermosetting resins, the oxidation limiting factors are important. Additionally, the cosmetic industry is experiencing impressive growth and butylated hydroxytoluene is used as a cosmetics stabilizer. Furthermore, the butylated hydroxytoluene utilizes as an animal victual to increase disease resistance. The increasing demand for butylated hydroxytoluene in the industries mentioned above is accelerating the demand for the product in the global market.

Market Dynamics

Growing application of BHT for increasing the shelf life of food and beverages

BHT is often used in various food products, including cereal, snack foods, vegetable oils and other products. Further, butylated hydroxytoluene has oxidation-limiting properties. Therefore, butyrate hydroxytoluene is added to fish oil and meal, which helps to prevent lipid oxidation in fish and fish products. The increased demand for caviar and other fishes due to consumers' increasing disposable incomes will positively impact the market.

The negative impact of BHT on health

BHT is not allowed for use in food products in some countries, including the European Union. The growing awareness of the potential health risks associated with BHT and the increasing regulations on its use in food products is expected to limit the market growth since these factors could diminish the demand and sales of BHT. Furthermore, many food companies are moving away from synthetic preservatives towards more natural alternatives, which could also impact market growth.

COVID-19 Impact Analysis

The COVID-19 Analysis includes Pre-COVID Scenario, COVID Scenario and Post-COVID Scenario along with Pricing Dynamics (Including pricing change during and post-pandemic comparing it with pre-COVID scenarios), Demand-Supply Spectrum (Shift in demand and supply owing to trading restrictions, lockdown and subsequent issues), Government Initiatives (Initiatives to revive market, sector or Industry by Government Bodies) and Manufacturers Strategic Initiatives (What manufacturers did to mitigate the COVID issues will be covered here).

Segment Analysis

The global butylated hydroxytoluene market is segmented based on grade, end-user and region.

The ability of BHT to offer improved performance and durability to rubber

Overall, tire weight and output heavily influence the demand for natural rubber. In 2022, tires and tire-related goods made up 78% of all natural rubber usage. The last 22% of natural rubber consumption comprises general rubber product applications such as automotive and mechanical components, medicinal and health-related items and non-automotive mechanical parts. The growing demand for plastic and rubber products in various automotive, construction and packaging industries further contributes to this end-user segment's dominance.

Geographical Analysis

The strong presence of major players, growing industrialization, urbanization and increasing demand for plastic and rubber products

Asia-Pacific dominates the global butyrate hydroxytoluene market due to the presence of many manufacturers and consumers in the region. Countries such as China and India are the major producers and consumers of butyrate hydroxytoluene and have a large market share. The growing industrialization, urbanization and increasing demand for plastic and rubber products in the region are driving the market growth. Additionally, many small and medium-sized enterprises in the region engaged in producing plastic and rubber products contribute to Asia-Pacific's growth. Furthermore, the increasing demand for BHT in the food and beverage industry in the region is also expected to drive market growth.

Competitive Landscape

The major global players in the market include Sasol Limited, Lanxess AG, Eastman Chemical Company, Impextraco oririse Chemicals S.A, Camlin Fine Science, Finoric LLC, Fanar Limited and Yasho Industries Limited, Jay Dinesh chemicals.

Why Purchase the Report?

• To visualize the global butylated hydroxytoluene market segmentation based on grade, end-user and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of butylated hydroxytoluene market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key products of all the major players.

The global butylated hydroxytoluene market report would provide approximately 53 tables, 49 figures and 187 Pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies