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Antioxidant BHT Market Size, Share Global Analysis Report, 2021 – 2026
Antioxidant BHT Market By Grade (Technical Grade & Food Grade), By Application (Plastics & Rubber, Food & Beverages, Animal Feed, Personal Care, & Others), And By Regions - Global & Regional Industry Perspective, Comprehensive Analysis, and Forecast 2021 – 2026
Industry Insights
[210+ Pages Report] The latest finding surrounding the Global Antioxidant BHT Market published by Facts & Factors offers a neatly packaged and comprehensive read. We at Facts & Factors estimated the global antioxidant BHT market to reach a projected value of USD 294 Million by 2026 growing at a CAGR of 5.1% from an initial value of USD 211 Million in 2020.
Market Overview
Butylated hydroxytoluene (BHT) or dibutlyhdroxyotoluene is a form of lipophilic organic compound that is often used for its antioxidant properties and is derived from an iteration of phenol. BHT is widely incorporated for preventing radically based medical properties oxidation among a wider range of fluids such as fuels and oils and other materials. They are also used as an antiviral drug in some cases for treating a handful of disorders and conditions; however, its use case is highly timid.
Key Insights from Primary Research
- As per our primary respondents, the antioxidant BHT market is set to grow annually at a rate of around 5.1%.
- It was established through primary research that the antioxidant BHTmarket was valued at around USD 211 Million in 2020.
- The “Food Grade” category, on the basis of type segmentation, was the leading revenue generating category accounting for around 46% share, in 2019
- On the basis of end-user segmentation, the “Food Industry”category held the leading share at more than 46%, in 2018
Key Recommendations from Analysts
- Current research is intended for finding naturally occurring antioxidants having anticancer properties from plant origin since oxidants play a crucial role in developing various human diseases. Thus, antioxidant BHT is expected to positively impact on the global market.
- Our analysts have identified “Food” and “Cosmetics” categories as the leading investment pockets for antioxidant BHT market in terms of type and end-user segmentations respectively
- As per our Analysts, the Food-grade segment will grow tremendously owing to antioxidant BHT is widely used in foods to preserve fats and oils. Due to the antioxidants properties of BHT, it preservestaste, vitamins, aroma, and color by preventing the oxidation of food fats & oils and its resulting rancidity.
The factors fuellingthe significant rise of the global antioxidant BHT market include increasing demand froma variety of end-user industries such as plastics, animal care, food & beverages, personal care, agrochemicals, lubricants, and biodiesel to name a few. Additionally, rising concerns among consumers regardingwater pollution coupled with a rising trend of wastewater recycling is expected to further increase the footprint of the global antioxidant BHT market during the advent of the forecast period. Moreover, increasing functionality of the latter in terms of antioxidant properties and as a stabilizing agent coupled with improved performance upon integration in terms of odor, color, and texture is further expected to propelthe global antioxidant BHT market to the next level during the forecast period.
The global antioxidant BHT market is expected to be driven by increased amount of R&D fordevelopment of better products and rising number of QC and R&D labs on a global scale to name a few. Furthermore, the expansion of key market players inacquiring SMEs coupled with a wave of rapid industrialization is further expected to boost the growth of the global antioxidant BHT market during the advent of the forecast period. However, rising amount of stringent regulatory norms laid by various government bodies and fluctuating prices of raw materials is expected to hamper the growth of the global antioxidant BHT market to some extent.
The global antioxidant BHT market is divided intotechnical grade and food grade on the basis of grade. The technical grade segment is expected to witness the largest market share during the advent of the forecast owing to increased useof BHT as an antioxidant agent inplastics, rubbers and elastomers, lubricating & specialty oils, industrial fats, and soy & others plant derived oils and increased functionality as a stability and anti-deterioration agent to name a few.
Based on application, theglobal antioxidant BHT market iscategorized into plastics and rubber, food & beverages, animal feed, personal care, and others. The plastics and rubbers segment is expected to witness the largest market share of the latter owing to increased demand and production from emerging economies for a wider range of application coupled with the rising demand from consumers for reusable and breakable goods to name a few.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 211 Million |
Projected Market Size in 2026 |
USD 294 Million |
CAGR Growth Rate |
5.1% CAGR |
Base Year |
2019 |
Forecast Years |
2020-2026 |
Key Market Players |
Sasol Limited, Lanxess AG, Eastman Chemical Company, Oxiris Chemicals S.A., HELM AG, Finoric plc., Honshu Chemical Industry Co. Ltd., Twinkle Chemi Lab Pvt Ltd., Milestone Preservatives Pvt Ltd, Finar Limited, Lanxess, Kemin Industries, KH Chemicals, Cayman Chemicals, Ratnagiri Chemicals Pvt Ltd., and Spectrum Chemical Manufacturing Corp, and Others |
Key Segment |
By Grade, Application, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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North America is expected to witness the largest market share during the advent of the forecast owing to the rising consumption of poultry based products coupled with a rising trend of pet parenting to name a few. Additionally, factors pertaining to integration of antioxidant BTH in themanufacturing of feed for poultry, swine, fish feed, and cattle are expected to increase the footprint of the antioxidant BHT market during the advent of the forecast period.
Asia-Pacific is expected to witness the fastest growing CAGR during the advent of the forecast owing to stringent regulations for the control of VOC based emissions coupled with rising demand from emerging economies such as China, India, and Japan as the latter are the breeding grounds for plastics, chemicals, agrochemicals, and lubricants to name a few.
Some of the leading players in the global market include
- Sasol Limited
- Lanxess AG
- Eastman Chemical Company
- Oxiris Chemicals S.A.
- HELM AG
- Finoric plc.
- Honshu Chemical Industry Co. Ltd.
- Twinkle Chemi Lab Pvt Ltd.
- Milestone Preservatives Pvt Ltd
- Finar Limited
- Lanxess
- Kemin Industries
- KH Chemicals
- Cayman Chemicals
- Ratnagiri Chemicals Pvt Ltd.
- Spectrum Chemical Manufacturing Corp
By Grade Segment Analysis
- Technical Grade
- Food Grade
By Application Segment Analysis
- Plastics & Rubber
- Food & Beverages
- Animal Feed
- Personal Care
- Others
By Regional Segment Analysis
- North America
- U.S.
- Canada
- Europe
- UK
- France
- Germany
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East and Africa
- GCC Countries
- South Africa
- Rest of MEA
Table of Content
Industry Major Market Players
- Sasol Limited
- Lanxess AG
- Eastman Chemical Company
- Oxiris Chemicals S.A.
- HELM AG
- Finoric plc.
- Honshu Chemical Industry Co. Ltd.
- Twinkle Chemi Lab Pvt Ltd.
- Milestone Preservatives Pvt Ltd
- Finar Limited
- Lanxess
- Kemin Industries
- KH Chemicals
- Cayman Chemicals
- Ratnagiri Chemicals Pvt Ltd.
- Spectrum Chemical Manufacturing Corp
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