22-Jul-2020 | Zion Market Research
According to the global butylated hydroxytoluene (BHT) market report publicized by Zion Market Research, the valuation of the market had reached around USD 223 million by 2019. The analytical information available in the global market report specifies that the global butylated hydroxytoluene market is anticipated to grow at around 5.1% CAGR and attain an approximate value of 315.3 million by 2026.
The widely established and recently emerging butylated hydroxytoluene manufacturers and suppliers are executing several plans to acquire the dominant position in the global market. Some of the renowned global market contenders are Lanxess AG, Sasol Limited, Oxiris Chemicals S.A., Eastman Chemical Company, Finoric Llc, HELM AG, Twinkle Chemi Lab Pvt Ltd., Honshu Chemical Industry Co. Ltd., Finar Limited, Milestone Preservatives Pvt Ltd., and Yasho Industries Limited.
The performance of several markets, including food & beverages, agrochemicals, fuel additives, animal care, personal care, biodiesel, plastics, and lubricants, is impacting the growth of butylated hydroxytoluene (BHT) market either directly or indirectly. The thermal-degradation shielding property of BHT maintains the effectiveness of greases and lubricants. Equipment is the fundamental system used in the industrialization sector and the increase in equipment usage needs more amount of lubricants, and hence, an increase in demand for BHT.
BHT slows down the rate of chain reactions by eliminating free radical intermediates. If it persist in the body, these free radicals may damage the human cells. It is also used in capsules, tablets, pharmaceuticals drugs, and gels preparation owing to its ability to sustain pharmacological effects. The R&D activities, especially in the pharmaceutical sector, are surging due to the constant increase in the number of chronic health diseases, which will ultimately propel the global BHT market.
Personal Care Market Increasingly Demanding For BHT Owing To Its Characteristic As A Preservative
In the food and beverage industry, BHT is used as an antioxidant and improves the productive activity in poultry animals. The ingredient reduces the rancidity in eggs and meat along with food color improvement. Other than the food industry, BHT is an important ingredient in personal care products such as moisturizers, eyebrow pencils, foundations, eyeliner, face powders, and eye shadows. The ingredient acts as a preservative and extends the shelf life of cosmetics.
The latest report illustrates the in-depth evaluation of the BHT market by segmenting it on the basis of grade, end-user, and geography. By grade, the report divides the global market into food grade and technical grade. By end-use industry, the global market is categorized into food & beverages, personal care, animal feed, rubbers & plastics, and others.
Asia Pacific Likely To Grab The Leading Position In Global BHT Market By 2026
Of all the regions, the Asia Pacific BHT market is anticipated to grow at the highest CAGR in terms of value during the projected period. The key factor significantly driving the regional market is the stringent regulations to control the emission of volatile organic compounds. Japan, India, and China are the leading consumers of BHT in the Asia Pacific.
Browse the full “Global Butylated Hydroxytoluene Market - By Grade (Food Grade and Technical Grade), By End-Use Industry (Food & Beverages, Personal Care, Animal Feed, Rubbers & Plastics, and Others), and By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026.” Report at https://www.zionmarketresearch.com/report/butylated-hydroxytoluene-market
The ZMR-published market research report categorizes the global butylated hydroxytoluene market as follows:
By End-Use Industry
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