Butylated Hydroxytoluene Market Insights:
According to a new study by Market Research Community, the butylated hydroxytoluene market would grow from USD 230.2 Million in 2021 to USD 379.1 Million by 2030.
A lipophilic organic chemical molecule called butylated hydroxytoluene is generated from the phenol present in green algae. In several applications, including manufacturing, lubricating and industrial oils, paints, food, coatings, and animal feeds, butylated hydroxytoluene is used to prevent the oxidation brought on by free radicals. The substance is also a fuel additive in the hydraulic fluids used in automobiles.
The report includes a regional analysis and country analysis with the latest butylated hydroxytoluene market trends, along with the major key players including 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 personal care & cosmetics segment is projected to witness substantial growth during the forecast period owing to the preservation of lipsticks and moisturizers with anti-oxidant and stabilizing properties of butylated hydroxytoluene, coupled with the reduced risks of cosmetic deterioration caused 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 butylated hydroxytoluene market value; also includes the analysis of past market dynamics from 2016 – 2021, considering 2021 as the base year.
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