Butylated Hydroxytoluene Market - Forecast(2024 - 2030)
Overview
Butylated Hydroxytoluene Market is
forecast to reach $297.18 million by 2025, after growing at a CAGR of 5.30% during
2020-2025. The global demand for butylated hydroxytoluene is rising due to its
growing demands from food and beverage and oil and gas industries and this
trend is projected to persist even during the forecast period. Butylated
Hydroxytoluene is widely used to prevent oxidation in fluids like oil, fuel and
other materials where the free radicals must be controlled. Moreover, increasing
usage of butylated hydroxytoluene in plastic and rubber is driving the demand
for butylated hydroxytoluene industry during the forecast period. The report covers Butylated Hydroxytoluene Market size by type and applications, Butylated Hydroxytoluene Market share by top 5 companies and also the market share by start-ups during the forecast period.
Report Coverage
The report: “Butylated Hydroxytoluene Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Butylated Hydroxytoluene Market.
Key Takeaways
- The market for butylated hydroxytoluene is influenced by the rising demand for cosmetics products, the evolution of environment-friendly chemicals required by healthcare industries, and development of food and beverage industries, which require largely butylated hydroxytoluene.
- Utility of butylated hydroxytoluene as an animal feed to increase disease resistance in animals drives market growth.
- Usage of butylated hydroxytoluene in poultry to improve color and minimize sour taste in eggs as well as meat will prompt the growth of the market.
By Grade - Segment Analysis
Food Grade segment held a significant share in the butylated hydroxytoluene market in 2019. BHT (Butylated Hydroxytoluene) is a food-grade antioxidant used to delay the oxidative rancidity of oils and fats and thereby extend the shelf life of both food and cosmetics. It is recognized as safe for use in food when the total content of antioxidants does not exceed 0.02% of the fat or oil content of the food. BHT species behaves like a synthetic analog of vitamin E, primarily acting as a terminating agent that suppresses autoxidation. BHT stops this autocatalytic reaction by converting peroxy radicals to hydroperoxides. BHT food grade is stable over long periods of time when stored under normal (below 77o), dry conditions, unopened, in the original container.
By End-Use Industry - Segment Analysis
Food and Beverage segment held a significant share in the butylated hydroxytoluene market in 2019. Due to oxidation limiting property, BHT is added to fish oil and meal. It helps to prevent lipid oxidation present in fish and fish products. Rising demand for caviar and other fishes due to increasing disposable incomes of consumers will have a positive impact on the market. BHT meets FDA requirements for utilization in food products. It is also considered GRAS (generally recognized as safe) by the FDA intensifying butylated hydroxytoluene market growth.
By Application - Segment Analysis
The cosmetic Ingredient segment held the largest share in the butylated hydroxytoluene market in 2019. Owing to the high utility of BHT in the manufacturing of cosmetic products, the usage of butylated hydroxytoluene in cosmetics is expected to grow during the forecast period. The product acts as an antioxidant & preservative and slows the degradation of cosmetics which occurs owing to a chemical reaction in the presence of oxygen. Rising population, improving the standard of living, and intensifying e-commerce activities have led to increased demand for cosmetic products which in turn increases the demand for butylated hydroxytoluene.
Geography - Segment Analysis
Asia-Pacific dominated the butylated hydroxytoluene market with a share of more than 38.5% during the forecast period. The high demand is mainly attributed to the industrial growth of the region. Asia-Pacific is a hub for plastics, animal feed chemical, personal care, pharmaceutical and food & beverages industries. Many foreign investors commenced the manufacturing facilities in the region due to low production costs. This is the one of the major factors contributing to the growth of butylated hydroxytoluene market in APAC.
Drivers – Butylated Hydroxytoluene Market
· Burgeoning demand for food additives
Burgeoning demand for food additives as a result of the rising in the intake of processed diet including ready to cook food, meat, and noodles will accelerate the butylated hydroxytoluene (BHT) market. Preservative and antioxidant properties of the the product will help to prevent spoiling of the food, thereby further proliferating the market growth during the forecast period. In addition, the prominent rise in industrialization formed the basis for the growth of the manufacturing sector. This has turned into a high demand for lubricants in the processing industry of equipment. BHT, with its beneficial thermal deterioration characteristic in lubricant production, leads to protuberant growth in the market for butylated hydroxytoluene (BHT).
Challenges – Butylated Hydroxytoluene Market
· Health issues due to excessive usage of BHT
Widespread use of BHT as an additive in the diet will have an adverse impact on the health of the individual. High consumption other than prescribed by FDA may result in illness including thyroid hyperactivity, enlargement of the liver, induction of several liver enzymes which may hamper butylated hydroxytoluene market. In a predictive clinical test, 100% BHT was a mild irritant and a moderate sensitizer. In provocative skin tests, BHT (in the 1% to 2% concentration range) produced positive reactions in a small number of patients. The European Union has put into effect an Integrated Pollution Prevention and Control (IPPC) Directive in order to restrict the utilization of harmful chemicals that shall have a negative effect on the overall growth of the butylated hydroxytoluene market in this region. Presence of several natural antioxidant substitutes including polyphenols, vitamin E, and vitamin C may hamper butylated hydroxytoluene market.
Market Landscape
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the butylated hydroxytoluene market. In 2019, the market of butylated hydroxytoluene has been consolidated by the top five players accounting for xx% of the share. Top 10 companies in the butylated hydroxytoluene market are 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 among others.
Agreement/ Product Launch
Ø In July 2017, Kemin industry launched a color 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.
Ø In August 2017, Cargill made an agreement with Richmond Va. -based Southern States Cooperative Inc. to acquire the animal feed business of Richmond Va. -based Southern States Cooperative Inc. With this, Cargill will introduce the venture into the animal feed industry, thus, strengthening its distribution.
1.1 Definitions and Scope
2. Butylated Hydroxytoluene Market - Executive summary
2.1 Market Revenue, Market Size and Key Trends by Company
2.2 Key Trends by type of Application
2.3 Key Trends segmented by Geography
3. Butylated Hydroxytoluene Market
3.1 Comparative analysis
3.1.1 Product Benchmarking - Top 10 companies
3.1.2 Top 5 Financials Analysis
3.1.3 Market Value split by Top 10 companies
3.1.4 Patent Analysis - Top 10 companies
3.1.5 Pricing Analysis
4. Butylated Hydroxytoluene Market - Startup companies Scenario Premium
4.1 Top 10 startup company Analysis by
4.1.1 Investment
4.1.2 Revenue
4.1.3 Market Shares
4.1.4 Market Size and Application Analysis
4.1.5 Venture Capital and Funding Scenario
5. Butylated Hydroxytoluene Market - Industry Market Entry Scenario Premium
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing business index
5.3 Case studies of successful ventures
5.4 Customer Analysis - Top 10 companies
6. Butylated Hydroxytoluene Market Forces
6.1 Drivers
6.2 Constraints
6.3 Challenges
6.4 Porters five force model
6.4.1 Bargaining power of suppliers
6.4.2 Bargaining powers of customers
6.4.3 Threat of new entrants
6.4.4 Rivalry among existing players
6.4.5 Threat of substitutes
7. Butylated Hydroxytoluene Market -Strategic analysis
7.1 Value chain analysis
7.2 Opportunities analysis
7.3 Product life cycle
7.4 Suppliers and distributors Market Share
8. Butylated Hydroxytoluene Market - By Product (Market Size -$Million / $Billion)
8.1 Market Size and Market Share Analysis
8.2 Application Revenue and Trend Research
8.3 Product Segment Analysis
10.1 Segment type Size and Market Share Analysis
10.2 Application Revenue and Trends by type of Application
10.3 Application Segment Analysis by Type
10.3.1 Food Additive
10.3.2 Fuel Additive
10.3.3 Industrial Additive
10.3.4 Polymeric Ingredient
10.3.5 Pesticide Ingredient
10.3.6 Cosmetic Ingredient
11. Butylated Hydroxytoluene- By Geography (Market Size -$Million / $Billion)
11.1 Butylated Hydroxytoluene Market - North America Segment Research
11.2 North America Market Research (Million / $Billion)
11.2.1 Segment type Size and Market Size Analysis
11.2.2 Revenue and Trends
11.2.3 Application Revenue and Trends by type of Application
11.2.4 Company Revenue and Product Analysis
11.2.5 North America Product type and Application Market Size
11.2.5.1 U.S
11.2.5.2 Canada
11.2.5.3 Mexico
11.2.5.4 Rest of North America
11.3 Butylated Hydroxytoluene- South America Segment Research
11.4 South America Market Research (Market Size -$Million / $Billion)
11.4.1 Segment type Size and Market Size Analysis
11.4.2 Revenue and Trends
11.4.3 Application Revenue and Trends by type of Application
11.4.4 Company Revenue and Product Analysis
11.4.5 South America Product type and Application Market Size
11.4.5.1 Brazil
11.4.5.2 Venezuela
11.4.5.3 Argentina
11.4.5.4 Ecuador
11.4.5.5 Peru
11.4.5.6 Colombia
11.4.5.7 Costa Rica
11.4.5.8 Rest of South America
11.5 Butylated Hydroxytoluene- Europe Segment Research
11.6 Europe Market Research (Market Size -$Million / $Billion)
11.6.1 Segment type Size and Market Size Analysis
11.6.2 Revenue and Trends
11.6.3 Application Revenue and Trends by type of Application
11.6.4 Company Revenue and Product Analysis
11.6.5 Europe Segment Product type and Application Market Size
11.6.5.1 U.K
11.6.5.2 Germany
11.6.5.3 Italy
11.6.5.4 France
11.6.5.5 Netherlands
11.6.5.6 Belgium
11.6.5.7 Denmark
11.6.5.8 Spain
11.6.5.9 Rest of Europe
11.7 Butylated Hydroxytoluene - APAC Segment Research
11.8 APAC Market Research (Market Size -$Million / $Billion)
11.8.1 Segment type Size and Market Size Analysis
11.8.2 Revenue and Trends
11.8.3 Application Revenue and Trends by type of Application
11.8.4 Company Revenue and Product Analysis
11.8.5 APAC Segment - Product type and Application Market Size
11.8.5.1 China
11.8.5.2 Australia
11.8.5.3 Japan
11.8.5.4 South Korea
11.8.5.5 India
11.8.5.6 Taiwan
11.8.5.7 Malaysia
11.8.5.8 Hong kong
11.8.5.9 Rest of APAC
11.9 Butylated Hydroxytoluene - Middle East Segment and Africa Segment Research
11.10 Middle East & Africa Market Research (Market Size -$Million / $Billion)
11.10.1 Segment type Size and Market Size Analysis
11.10.2 Revenue and Trend Analysis
11.10.3 Application Revenue and Trends by type of Application
11.10.4 Company Revenue and Product Analysis
11.10.5 Middle East Segment Product type and Application Market Size
11.10.5.1 Israel
11.10.5.2 Saudi Arabia
11.10.5.3 UAE
11.10.6 Africa Segment Analysis
11.10.6.1 South Africa
11.10.6.2 Rest of Middle East & Africa
12. Butylated Hydroxytoluene Market - Entropy
12.1 New product launches
12.2 M&A s, collaborations, JVs and partnerships
13. Butylated Hydroxytoluene Market - Industry / Segment Competition landscape Premium
13.1 Market Share Analysis
13.1.1 Market Share by Country- Top companies
13.1.2 Market Share by Region- Top 10 companies
13.1.3 Market Share by type of Application - Top 10 companies
13.1.4 Market Share by type of Product / Product category- Top 10 companies
13.1.5 Market Share at global level - Top 10 companies
13.1.6 Best Practises for companies
14. Butylated Hydroxytoluene Market - Key Company List by Country Premium
15. Butylated Hydroxytoluene Market Company Analysis
15.1 Market Share, Company Revenue, Products, M&A, Developments
15.2 Caldic B V
15.3 Cargill Incorporated
15.4 Eastman Chemical Company
15.5 Impextraco Nv
15.6 Kh Chemical
15.7 Lanxess
15.8 Merisol Usa Llc
15.9 Milestone Preservative Pvt Ltd
15.10 Parchem Fine Speciality Chemical
15.11 Perdtrop Group
15.12 Company 11
15.13 Company 12 & More
16.1 Abbreviations
16.2 Sources
17. Butylated Hydroxytoluene Market - Methodology
17.1 Research Methodology
17.1.1 Company Expert Interviews
17.1.2 Industry Databases
17.1.3 Associations
17.1.4 Company News
17.1.5 Company Annual Reports
17.1.6 Application Trends
17.1.7 New Products and Product database
17.1.8 Company Transcripts
17.1.9 R&D Trends
17.1.10 Key Opinion Leaders Interviews
17.1.11 Supply and Demand Trends