Global Butylated Hydroxytoluene Market Expected To Reach $ 480 Million By 2028: Fior Markets

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Butylated Hydroxytoluene Market by Category (Food Grade, Technical Grade), End User Industry (Plastics & Rubbers, Food & Beverage, Animal Feed, Personal Care), Region, Global Industry Analysis, Market Size , share, growth, trends and forecast 2021 to 2028

Newark, NJ, November 02, 2021 (GLOBE NEWSWIRE) – According to the report published by Fior Markets, the global butylated hydroxytoluene market is expected to grow from $ 290 million in 2020 to $ 480 million by 2028, at a CAGR of 6.5% during the forecast period 2021-2028.

The butylated hydroxytoluene market has experienced significant growth in recent years. This growth is attributed to the wide use in the plastics and rubber industry due to the increasing demand for butylated hydroxytoluene in many end-use industries as an antioxidant to retard deterioration, to maintain stability, color and flavor. Butylated hydroxytoluene is widely used in personal care and cosmetic products as an antioxidant and stabilizer. The personal care industry is due to the increasing consumer attention to their personality and appearance, and the growing concerns about water pollution and wastewater recycling are also driving the butylated hydroxytoluene market. In addition, butylated hydroxytoluene is used as animal feed to improve animal immunity. Increasing demand for synthetic antioxidants due to their booming use in food storage to extend shelf life will drive market growth.

Butylated hydroxytoluene, also called dibutylhydroxytoluene, is a chemical derivative of phenol, a lipophilic organic compound that is useful for its antioxidant properties. BHT has a wide range of applications primarily used to prevent free radical induced oxidation in fluids (eg fuels, oils) and other materials. The US FDA oversees rules and regulations, which consider butylated hydroxytoluene to be a safe natural compound, allow small amounts to be added to meals and edibles. In addition, the earlier determination using the National Cancer Institute that butylhydroxytoluene was non-carcinogenic in an animal model, societal concerns about its heavy use had been expressed. Butylated hydroxytoluene has additionally been postulated as an antiviral drug.

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The global butylated hydroxytoluene market is expected to experience significant growth, owing to the multiple application of BHT in different industries, the increasing demand for first-class personal care products, and the growing trend of ready meals in the market. global. The elements that are holding back the growth of the market are strict policies and regulations regarding the use of butylated hydroxytoluene and the adverse consequences of butylated hydroxytoluene on animals and humans.

Major players operating in the global Butylated Hydroxytoluene market include Twinkle Chemi Lab Pvt Ltd (India), Sasol Limited (South Africa), Lanxess AG (Germany), Oxiris Chemicals SA (Spain), HELM AG (Germany), FinoricLlc (United States), Honshu Chemical Industry Co. Ltd (Japan), Yasho Industries Limited (India), Eastman Chemical Company (United States), Milestone Preservatives Pvt Ltd (India) and Finar Limited (India). To gain significant market share in the global Butylated Hydroxytoluene market, major players are now focusing on adopting strategies such as product innovations, mergers and acquisitions, recent developments, joint ventures, collaborations and partnerships.

  • SK Capital Partners acquired SI Group in October 2018. The acquisition involves a combination of SI Group operations with Addivant, an SK Capital company active in the specialty additives sector. SK Capital Partners is a specialty materials, chemicals and pharmaceuticals company.

  • Kemin Industries joined the distribution channel with DKSH Business Unit in June 2020, to distribute its products in Myanmar, Vietnam and Cambodia. This partnership would allow the company to expand its existing customer base in Southeast Asia.

  • Eastman Chemical Company partnered with DKSH Business Unit for distribution in September 2020, to distribute its products in the Asia Pacific region. This partnership would allow the company to offer better services to its customers in Asia-Pacific.

  • In July 2017, Kemin Industry launched a new food and beverage color protection simulator at its North American subsidiary. User-friendly antioxidants are used as color protection solutions, including butylated hydroxyanisole and butylated hydroxytoluene. The simulator helps production units determine the optimal antioxidant solution to meet desired shelf life requirements.

The technical grade segment dominated the market and held the largest market share of 58.4% in 2020

On the basis of quality, the global butylated hydroxytoluene market is segmented into food grade and technical grade. Technical grade dominated the market and held the largest market share of 58.4% in 2020. Technical grade butylated hydroxytoluene acts as a stabilizer and processing resource in natural and artificial elastomers, polymeric substances prone to leaching. oxidation, packaging materials, waxes, insecticides, synthetic lubricants, and paints, etc. It retards oxidation in animal, vegetable and mineral oils, fats, greases and products containing these substances.

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The plastics and rubbers segment dominated the market and held the largest market share of 28.6% in 2020

On the basis of end user industry, the global butylated hydroxytoluene market is segmented into plastics and rubbers, food and beverage, feed, personal care, etc. The plastics and rubbers segment dominated the market and held the largest market share of 28.6% in 2020. This growth is attributed to increased demand for plastics and rubbers.

Regional Segment of Global Butylated Hydroxytoluene Market

  • North America (United States, Canada, Mexico)

  • Europe (Germany, France, United Kingdom, Italy, Spain, rest of Europe)

  • Asia-Pacific (China, Japan India, Rest of APAC)

  • South America (Brazil and rest of South America)

  • Middle East and Africa (UAE, South Africa, rest of MEA)

On the basis of geography, the global butylated hydroxytoluene market is classified into North America, Europe, Asia-Pacific, Middle East and Africa, and South America. Asia-Pacific held the largest market share in 2020. This growth is seen by the Asia-Pacific region in countries namely India, China and Japan due to the increasing demand for ready-to-eat products. . This region is also the hub of the plastics and chemicals, printing inks, lubricants and agrochemicals industries.

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About the report:

Global Butylated Hydroxytoluene Market is analyzed on the basis of Value (USD Million), Volume (Tons), Export (Tons) and Import (Tons). All segments were analyzed on a global, regional and national basis. The study includes analysis of more than 30 countries for each segment. The report offers an in-depth analysis of driving factors, opportunities, restraints, and challenges to get the key insights of the market. The study includes the model of the five forces of the wearer, the analysis of attractiveness, the analysis of raw materials and the analysis of the position grid of the competitors.

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Fior Markets is a futuristic market intelligence company, helping clients develop their business strategies and make better decisions using actionable insights. With a transparent information pool, we achieve client goals, high level engagements and targeting possible perspectives for SWOT analysis and market research reports. Fior Markets deploys a wide range of regional and global market research reports, including sectors such as Technology, Pharmaceuticals, Consumer Goods, Food & Beverage, Chemicals, Media, Materials and many others. Our strategic intelligence capabilities are purposefully planned to drive the expansion of your business and elucidate the strength of a diverse industry. We hold distinguished units of highly expert analysts and consultants according to their respective fields. The global market research reports we provide involve qualitative and quantitative analysis of the current market scenario according to the separate geographic regions and complete performance in different regions with a holistic approach. Plus, our syndicated research reports offer a comprehensive guide to keeping businesses up to date with the major overhaul coming in their fields. Fior Markets facilitates clients with personalized research analyzes based on their exact requirements, specifications and challenges, whether it is full desk research, investigative work, composition of multiple methods, detailed interviews or competitive intelligence. Our research experts are experienced in matching the exact people and methodology to your business needs.

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