Butylated Hydroxytoluene Market Insights:
A recent report by Market Research Community predicted that by 2030, the butylated hydroxytoluene market would increase from USD 230.2 million to USD 379.1 million.
From the phenol found in green algae, a lipophilic organic chemical compound known as butylated hydroxytoluene is produced. Butylated hydroxytoluene is used to stop the oxidation caused by free radicals in a variety of applications, including manufacturing, lubricating and industrial oils, paints, food, coatings, and animal feeds. In the hydraulic fluids used in autos, the chemical also serves as a fuel additive.
Along with the major key players Sigma-Aldrich Co. LLC, FINAR CHEMICALS, Dycon Chemicals, Merck Co., OXIRIS, LANXESS, AppliChem GmbH, Eastman, Sisco Research Laboratories Pvt. Ltd., and S. C. Johnson Son, Inc., the report includes a regional analysis and a country analysis with the most recent butylated hydroxytoluene market trends.
The preservation of lipsticks and moisturisers with the antioxidant and stabilising properties of butylated hydroxytoluene, combined with the decreased risks of cosmetic deterioration brought on by free radicals, are expected to further support the growth of the personal care cosmetics segment during the forecast period.
Europe is expected to witness a significant CAGR growth of over 6.5% during the forecast period. The factors such as the rising research and development expenditures by major market players for bio-based and renewable materials coupled with the increased demand for BHT in growing industries such as bread, pet food, and dairy industries are anticipated to boost the BHT utilization as antioxidants and further accelerate the growth of butylated hydroxytoluene market in the European region.
The market is projected to grow at a significant pace reaching a CAGR of approximately 5.7%, over the forecast period of 2022–2030, despite a considerable fall in product sales during the initial phase of the pandemic spread and lockdown restrictions imposed globally.
The study is consolidated into major segments and further into sub-segments, such as by application (food, personal care cosmetics, animal feed, industrial fats, oils fatty acids, lubricating specialty oils, food packaging, rubber, printing inks and coatings, and others), by end-use (plastic rubber, consumer products, oil gas, food beverages, and automotive) to forecast the market size by value; also includes the analysis of past market dynamics from 2016 – 2021, considering 2021 as the base year.
The study is consolidated into major segments and further into sub-segments, such as by application (food, personal care cosmetics, animal feed, industrial fats, oils fatty acids, lubricating specialty oils, food packaging, rubber, printing inks and coatings, and others), by end-use (plastic rubber, consumer products, oil gas, food beverages, and automotive) to forecast the market size by value; also includes the analysis of past butylated hydroxytoluene market dynamics from 2016 – 2021, considering 2021 as the base year.
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