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PUBLISHER: Grand View Research | PRODUCT CODE: 1405937

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PUBLISHER: Grand View Research | PRODUCT CODE: 1405937

Butylated Hydroxytoluene Market Size, Share & Trends Analysis Report By Grade (Food Grade, Technical Grade), By End-use (Plastic & Rubber, Food & Beverage, Animal Feed, Personal Care), By Region, And Segment Forecasts, 2024 - 2030

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Butylated Hydroxytoluene Market Growth & Trends:

The global butylated hydroxytoluene market size is expected to reach USD 346.9 million by 2030, expanding at a CAGR of 5.6% from 2024 to 2030, according to a new study by Grand View Research, Inc. Butylated hydroxytoluene is an antioxidant food additive that protects unsaturated organic compounds in foods and oils from atmospheric oxidation. It is widely used in the plastics and rubber industry owing to its antioxidant characteristics, and its usage is expected to grow rapidly during the forecast period.

Furthermore, the growing demand for plastics and rubber from various industries, such as automotive and packaging, is expected to drive the overall market. For instance, according to OICA, in 2022, almost 85 million motor vehicles were produced worldwide, which shows an increase of 6% compared with 2021. As a result, an increase in automobile production is expected to increase demand for rubber tires, and thus positively influencing the industry growth over the forecast period.

Plastic antioxidants are additives that are added during plastic production to eliminate thermal and oxidation degradation, and they help in increasing the shelf-life of products. The usage of plastic antioxidants in polypropylene polymer resin is projected to be the highest during the forecast period as polypropylene usage has increased in packaging applications, which is likely to drive the plastic antioxidant market, stimulating the product demand at a global level.

The Asia Pacific region is expected to dominate the market for butylated hydroxytoluene during the forecast period, owing to the increase in consumption from countries like India and China. Moreover, the growth in automobile production in China is likely to promote the demand for rubber tires. Further, in 2022, around 2,70,20,615 units of automobiles were produced in the country, which shows an increase of 3% compared with 2021. Such growing demand is anticipated to boost the market growth in the coming years.

The competitive environment is moderately fragmented with prominent players such as Lanxess, Sasol Limited, Eastman Chemical Company, and Dycon Chemicals among others. These companies are focusing on R&D of new product developments to widen their portfolio and maintain a strong foothold in the global place. In July 2022, ChemPoint, a subsidiary of Univar Solutions, was chosen by shelf-life extension solutions provider CFS North America, under Camlin Fine Sciences, for the sales and distribution of its Xtendra BHT (butylated hydroxytoluene) product throughout the US and Canada.

Butylated Hydroxytoluene Market Report Highlights:

  • North America witnesses the fastest growth rate owing to the growing consumption of natural gas, petroleum products, and petrochemicals. Significant growth in the automotive sector has fueled the demand for rubber products for the production of tires, automotive parts, and mechanical rubber goods, thereby positively influencing demand for the product
  • Collaborations between different stakeholders, including companies, research institutions, and government agencies, are common in the marketspace. These collaborations accelerate research and development efforts and facilitate the translation of new discoveries into practical applications
  • The food grade segment witnessed the fastest growth rate as it meets the safety standards for use in food products. It serves as an antioxidant, helping to preserve the freshness and quality of food by preventing the oxidation of fats and oilsFood & beverage witnessed the fastest market growth in 2023 on account of growing working population and increased consumer purchasing power, thus driving the demand for processed foods
Product Code: GVR-4-68040-162-4

Table of Contents

Chapter 1 Methodology and Scope

  • 1.1 Market Segmentation & Scope
  • 1.2 Market Definition
  • 1.3 In End-use Procurement
    • 1.3.1 Purchased Database
    • 1.3.2 GVR's Internal Database
  • 1.4 In End-use analysis
  • 1.5 Market End-use & data visualization
  • 1.6 Data validation & publishing
    • 1.6.1 Research scope and assumptions
    • 1.6.2 List to Data Sources

Chapter 2 Executive Summary

  • 2.1 Market Snapshot
  • 2.2 Segmental Snapshot
  • 2.3 Competitive Landscape Snapshot

Chapter 3 Butylated Hydroxytoluene: Market Variables, Trends & Scope

  • 3.1 Market Lineage Outlook
  • 3.2 Industry Value Chain Analysis
  • 3.3 Price Trend Analysis, 2018 - 2030
    • 3.3.1 Factors Influencing Prices
  • 3.4 Regulatory Framework
  • 3.5 Market Dynamics
    • 3.5.1 Market Driver Analysis
    • 3.5.2 Market Restraint Analysis
    • 3.5.3 Industry Challenges Analysis
    • 3.5.4 Industry Opportunities analysis
  • 3.6 Industry Analysis - Porter's Analysis
  • 3.7 Macroeconomic Analysis - PESTLE

Chapter 4 Butylated Hydroxytoluene Market: Grade Estimates & Trend Analysis

  • 4.1 Grade Movement Analysis & Market Share, 2023 & 2030
  • 4.2 Butylated Hydroxytoluene Market Estimates & Forecast, by Grade (Kilotons) (USD Million)
    • 4.2.1 Food Grade
      • 4.2.1.1 Butylated Hydroxytoluene Market Estimates and Forecasts, by food grade, 2018 - 2030 (Kilotons) (USD Million)
    • 4.2.2 Technical Grade
      • 4.2.2.1 Butylated Hydroxytoluene Market Estimates and Forecasts, by technical grade, 2018 - 2030 (Kilotons) (USD Million)

Chapter 5 Butylated Hydroxytoluene Market: End-use Estimates & Trend Analysis

  • 5.1 End-use Movement Analysis & Market Share, 2023 & 2030
  • 5.2 Butylated Hydroxytoluene Market Estimates & Forecast, by End-use (Kilotons) (USD Million)
    • 5.2.1 Plastic & Rubber
      • 5.2.1.1 Butylated Hydroxytoluene Market Estimates and Forecasts, in Plastic & Rubber 2018 - 2030 (Kilotons) (USD Million)
    • 5.2.2 Food & Beverage
      • 5.2.2.1 Butylated Hydroxytoluene Market Estimates and Forecasts, in Food & Beverage 2018 - 2030 (Kilotons) (USD Million)
    • 5.2.3 Animal Feed
      • 5.2.3.1 Butylated Hydroxytoluene Market Estimates and Forecasts, in Animal Feed, 2018 - 2030 (Kilotons) (USD Million)
    • 5.2.3 Personal Care
      • 5.2.3.1 Butylated Hydroxytoluene Market Estimates and Forecasts, in Personal Care, 2018 - 2030 (Kilotons) (USD Million)
    • 5.2.4 Other End-uses
      • 5.2.4.1 Butylated Hydroxytoluene Market Estimates and Forecasts, in Other End-uses 2018 - 2030 (Kilotons) (USD Million)

Chapter 6 Butylated Hydroxytoluene Market: Regional Estimates & Trend Analysis

  • 6.1 Butylated Hydroxytoluene Market: Regional Outlook
  • 6.2 North America
    • 6.2.1 North America Butylated Hydroxytoluene Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
    • 6.2.2 U.S.
      • 6.2.2.1 Key country dynamics
      • 6 2.2.2 U.S. Butylated Hydroxytoluene Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
    • 6.2.3 Canada
      • 6.2.3.1 Key country dynamics
      • 6.2.3.2 Canada Butylated Hydroxytoluene Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
    • 6.2.4 Mexico
      • 6.2.4.1 Key country dynamics
      • 6.2.4.2 Mexico Butylated Hydroxytoluene Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • 6.3 Europe
  • 6.3 1 Europe Butylated Hydroxytoluene Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
    • 6.3.2 Germany
      • 6.3.2.1 Key country dynamics
      • 6.3.2.2 Germany Butylated Hydroxytoluene Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
    • 6.3.3 Italy
      • 6.3.3.1 Key country dynamics
      • 6.3.3.2 Italy Butylated Hydroxytoluene Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
    • 6.3.4 Spain
      • 6 3.4.1 Key country dynamics
      • 6.3.4.2 Spain Butylated Hydroxytoluene Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
    • 6.3.5 UK
      • 6.3.5.1 Key country dynamics
    • 6.3.5 2 UK Butylated Hydroxytoluene Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
    • 6.3.6 France
      • 6.3.6.1 Key country dynamics
    • 6.3.6 2 France Butylated Hydroxytoluene Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • 6.4 Asia Pacific
    • 6.4.1 Asia Pacific Butylated Hydroxytoluene Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
    • 6.4.2 China
      • 6.4.2.1 Key country dynamics
      • 6.4.2.2 China Butylated Hydroxytoluene Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
    • 6.4.3 India
      • 6.4.3.1 Key country dynamics
      • 6.4.3.2 India Butylated Hydroxytoluene Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
    • 6.4.4 Japan
      • 6.4.4.1 Key country dynamics
      • 6.4.4.2 Japan Butylated Hydroxytoluene Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
    • 6.4.5 South Korea
      • 6.4.5.1 Key country dynamics
      • 6.4.5.2 South Korea Butylated Hydroxytoluene Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • 6.5 Central & South America
    • 6.5.1 Central & South America Butylated Hydroxytoluene Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
    • 6.5.2 Brazil
      • 6.5.2.1 Key country dynamics
      • 6.5.2.2 Brazil Butylated Hydroxytoluene Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
    • 6.5.3 Argentina
      • 6.5.3.1 Key country dynamics
      • 6.5.3.2 Argentina Butylated Hydroxytoluene Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • 6.6 Middle East & Africa
    • 6.6.1 Middle East & Africa Butylated Hydroxytoluene Market Estimates & Forecasts, 2018 - 2030(Kilotons) (USD Million)
    • 6.6.2 Saudi Arabia
      • 6.6.2.1 Key country dynamics
      • 6.6.2.2 Saudi Arabia Butylated Hydroxytoluene Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
    • 6.6.3 South Africa
      • 6.6.3.1 Key country dynamics
      • 6.6.3.2 South Africa Butylated Hydroxytoluene Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)

Chapter 7 Competitive Landscape

  • 7.1 Company Categorization
  • 7.2 Company Market Positioning
  • 7.3 Company Heat Map Analysis
  • 7.4 Strategy Mapping
  • 7.5 Company Listing (Company Overview, Product Benchmarking, Financial Performance)
    • 7.5.1 Sasol Limited
    • 7.5.2 Lanxess
    • 7.5.3 Eastman Chemical Company
    • 7.5.4 Oxiris Chemicals S.A.
    • 7.5.5 Camlin Fine Science
    • 7.5.6 Finoric LLC
    • 7.5.7 Dycon Chemicals
    • 7.5.8 Honshu Chemical Industry Co., Ltd.
Product Code: GVR-4-68040-162-4

List of Tables

  • Table 1 U.S. macro-economic outlay
  • Table 2 Canada macro-economic outlay
  • Table 3 Mexico macro-economic outlay
  • Table 4 Germany macro-economic outlay
  • Table 5 UK macro-economic outlay
  • Table 6 France macro-economic outlay
  • Table 7 Italy macro-economic outlay
  • Table 8 Spain macro-economic outlay
  • Table 9 China macro-economic outlay
  • Table 10 India macro-economic outlay
  • Table 11 Japan macro-economic outlay
  • Table 12 South Korea macro-economic outlay
  • Table 13 Brazil macro-economic outlay
  • Table 14 Argentina macro-economic outlay
  • Table 15 Saudi Arabia macro-economic outlay
  • Table 16 South Africa macro-economic outlay
  • Table 17 Participant's Overview
  • Table 18 Financial Performance
  • Table 19 Product Benchmarking
  • Table 20 Company Heat Map Analysis

List of Figures

  • Fig. 1 Butylated Hydroxytoluene Market Segmentation & Scope
  • Fig. 2 Data analysis models
  • Fig. 3 Market End-use and validation
  • Fig. 4 Data validating & publishing
  • Fig. 5 Butylated Hydroxytoluene Market Snapshot
  • Fig. 6 Butylated Hydroxytoluene Market Segment Snapshot
  • Fig. 7 Butylated Hydroxytoluene Market Competitive Landscape Snapshot
  • Fig. 8 Butylated Hydroxytoluene Market: Value Chain Analysis
  • Fig. 9 Hexamethylenediamine: Market Dynamics
  • Fig. 10 Butylated Hydroxytoluene Market: PORTER Analysis
  • Fig. 11 Butylated Hydroxytoluene Market: PESTLE Analysis
  • Fig. 12 Butylated Hydroxytoluene Market Estimates & Forecasts, End-use: Key Takeaways
  • Fig. 13 Butylated Hydroxytoluene Market Share, By End-use, 2023 & 2030
  • Fig. 14 Butylated Hydroxytoluene Market Estimates & Forecasts, in Plastic & Rubber, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 15 Butylated Hydroxytoluene Market Estimates & Forecasts, in Food & Beverage, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 16 Butylated Hydroxytoluene Market Estimates & Forecasts, in Animal Feed, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 17 Butylated Hydroxytoluene Market Estimates & Forecasts, in Personal Care, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 18 Butylated Hydroxytoluene Market Estimates & Forecasts, in Other End-uses, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 19 Butylated Hydroxytoluene Market Revenue, by Region, 2022 & 2030 (USD Million)
  • Fig. 20 North America Butylated Hydroxytoluene Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 21 U.S. Butylated Hydroxytoluene Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 22 Canada Butylated Hydroxytoluene Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 23 Mexico Butylated Hydroxytoluene Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 24 Europe Butylated Hydroxytoluene Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 25 Germany Butylated Hydroxytoluene Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 26 UK Butylated Hydroxytoluene Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 27 France Butylated Hydroxytoluene Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 28 Italy Butylated Hydroxytoluene Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 29 Spain Butylated Hydroxytoluene Market Estimates & Forecasts and Trend Analysis, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 30 Asia Pacific Butylated Hydroxytoluene Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 31 China Butylated Hydroxytoluene Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 32 India Butylated Hydroxytoluene Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 33 Japan Butylated Hydroxytoluene Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 34 South Korea Butylated Hydroxytoluene Market Estimates & Forecasts and Trend Analysis, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 35 Central & South America Butylated Hydroxytoluene Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 36 Brazil Butylated Hydroxytoluene Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 37 Argentina Butylated Hydroxytoluene Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 38 Middle East & Africa Butylated Hydroxytoluene Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 39 Saudi Arabia Butylated Hydroxytoluene Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 40 South Africa Butylated Hydroxytoluene Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 41 Key Company Categorization
  • Fig. 42 Company Market Positioning 
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