The global Antioxidant BHT market accounted for USD 227.3 Million in 2020 and is expected to reach USD 339.4 Million by 2028, growing at a CAGR of around 5.3% between 2021 and 2028.
Market Overview
The global Antioxidant BHT market accounted for USD 251.6 Million in 2020 and is expected to reach USD 375.6 Million by 2028, growing at a CAGR of around 5.3% between 2021 and 2028.
Antioxidant BHT is derivative of phenol possessing antioxidant properties. BHT is butylated hydroxytoluene which is categorized under synthetic antioxidants and used as preservatives in oil and gas, food, consumer products, and other applications. It can protect healthy tissues against damage induced by oxidative stress.
Increasing intake of protein and rapidly growing industrialization have led to high meat consumption. This resulted in high development in antioxidant BHT market. China and India are likely to show high growth for antioxidant BHT market due to increasing meat consumption in these areas.
COVID-19 Impact Analysis
The outbreak of coronavirus has not only significantly impacted numerous industries, but also on all stages of the supply chain and value chain of various industries.
The heath care is one such industry, which is currently facing challenges due to the lack of requirement of the products. The heath care end use industry is anticipated to experience the differential impact of the COVID-19 pandemic on each stage of its value chain through the mediums of the affected workforce at industrial level, raw material supply (food ingredients, and additive products), trade & logistics, demand–supply volatility, and uncertain consumer demand. In addition, production, distribution, and inventory levels across the food & beverage industry spectrum have experienced the impact.
Antioxidant BHT is usually used to treat genital herpes and acquired immunodeficiency syndrome (AIDS). So due to superior properties and benefits of the products, the market has react positive in the pandemic.
Growth Factors
Antioxidants are majorly employed for enhancing disease resistance in the protect cell membrane of skin as well as in the animals. Therefore the high employment of the antioxidant in animal feed is likely to trigger the development of antioxidant BHT market in the years to come. Antioxidants are majorly employed in the cosmetic sector. Hence development in the cosmetic sector is likely to directly affect the growth of the antioxidant BHT market. Antioxidants are also employed as the stabilizer in elastomers, rubbers, and polymeric materials. Hence, escalating rubber and plastic sector is expected to facilitate the development of antioxidant BHT market in years to come. On the other hand, long-term employment of antioxidant BHT resulted in adverse effect on animal & human health. This factor might hinder the development of antioxidant BHT market.
Nevertheless, in-progress R&D to improve antioxidant BHT properties is likely to offer new growth opportunities for antioxidant BHT market in the years to come. New marketing strategies used by market players are also set to bolster the growth of antioxidant BHT market. For instance, in March 2012, LANXESS Distribution GmbH marketed the feed additive BHT (butylhydroxytoluene) below Rovelox, the new brand name. The antioxidant modeled on Vitamin E earlier was traded below the “BHT Feed Grade” name.
Report Scope:
Report Attribute | Details |
---|---|
Base Year | 2020 |
Historic Years | 2016 - 2020 |
Forecast Years | 2021 - 2028 |
Segments Covered | By Product Type, By Application, and By End Use |
Forecast Units | Value (USD Billion), and Volume (Units) |
Quantitative Units | Revenue in USD million/billion and CAGR from 2021 to 2028 |
Regions Covered | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World |
Countries Covered | U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others |
Number of Companies Covered | 10 companies with scope for including additional 15 companies upon request |
Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis. |
Customization Scope | Avail customized purchase options to meet your exact research needs. |
Segment Analysis Preview
Based on type, the market is segmented into food additives, fuel additives, and industrial additives. Food additives is likely to gain a major share in the market owing to its superior’s properties and benefits of consuming the products.
Based on application, the market is segmented into oil & gas, consumer products, and food and beverages. The products has wide usage in food and beverages thus, the segment is likely to grow at a moderate CAGE throughout the forecast period.
Key Market Players & Competitive Landscape
The report present comprehensive competitive outlook with company profiles of the key players operating in the global market. Key participants profiled in the report include Cargill, Caldic, Impextraco, LANXESS, Merisol USA LLC, Perstorp Group, Eastman Chemical Company, and Milestone Preservatives Private Limited among others.
The global Antioxidant BHT Market is segmented as follows:
By Types
By Applications
By Region
List of Figures
FIG NO. 1. Market Attractiveness Analysis, By Type
FIG NO. 2. Market Attractiveness Analysis, By Application
FIG NO. 3. Market Attractiveness Analysis, By Region
FIG NO. 4. Global Antioxidant BHT Market Revenue, 2016 – 2028 (USD Million)
FIG NO. 5. Impact of COVID-19 Pandemic in North America Countries
FIG NO. 6. Market Revenue Share, By Type, 2020 & 2028
FIG NO. 7. Global Antioxidant BHT Market for Food additives, Revenue (USD Million) 2016 – 2028
FIG NO. 8. Comparative Revenue Analysis of Antioxidant BHT Market for Food additives, By Country, 2020 & 2028
FIG NO. 9. Global Antioxidant BHT Market for Fuel additives, Revenue (USD Million) 2016 – 2028
FIG NO. 10. Comparative Revenue Analysis of Antioxidant BHT Market for Fuel additives, By Country, 2020 & 2028
FIG NO. 11. Global Antioxidant BHT Market for Industrial additives, Revenue (USD Million) 2016 – 2028
FIG NO. 12. Comparative Revenue Analysis of Antioxidant BHT Market for Industrial additives, By Country, 2020 & 2028
FIG NO. 13. Market Revenue Share, By Application, 2020 & 2028
FIG NO. 14. Global Antioxidant BHT Market for Oil and gas, Revenue (USD Million) 2016 – 2028
FIG NO. 15. Comparative Revenue Analysis of Antioxidant BHT Market for Oil and gas, By Country, 2020 & 2028
FIG NO. 16. Global Antioxidant BHT Market for Food and beverages, Revenue (USD Million) 2016 – 2028
FIG NO. 17. Comparative Revenue Analysis of Antioxidant BHT Market for Food and beverages, By Country, 2020 & 2028
FIG NO. 18. Global Antioxidant BHT Market for Consumer products, Revenue (USD Million) 2016 – 2028
FIG NO. 19. Comparative Revenue Analysis of Antioxidant BHT Market for Consumer products, By Country, 2020 & 2028
FIG NO. 20. Global Antioxidant BHT Market Revenue Share, By Region, 2020 & 2028
FIG NO. 21. North America Antioxidant BHT Market Revenue, 2016 - 2028 (USD Million)
FIG NO. 22. Porter’s Five Forces Analysis for Global Antioxidant BHT Market
FIG NO. 23. PEST Analysis for Global Antioxidant BHT Market
FIG NO. 24. Pricing Analysis for Global Antioxidant BHT Market
FIG NO. 25. Value Chain Analysis for Global Antioxidant BHT Market
FIG NO. 26. Company Share Analysis, 2019
FIG NO. 27. Radar Determinant Chart, 2019
FIG NO. 28. Company Strategic Developments – Heat Map Analysis
FIG NO. 29. Cargill Business Segment Revenue Share, 2020 (%)
FIG NO. 30. Cargill Geographical Segment Revenue Share, 2020 (%)
FIG NO. 31. Market Channels
FIG NO. 32. Marketing Channel Development Trend
FIG NO. 33. Growth in World Gross Product, 2008-2018
FIG NO. 34. Research Methodology – Detailed View
FIG NO. 35. Research Methodology
List of Tables
TABLE NO. 1. Global Antioxidant BHT Market: Snapshot
TABLE NO. 2. Quarterly Antioxidant BHT Market Revenue by Region, 2020
TABLE NO. 3. Quarterly Antioxidant BHT Market Revenue Forecast by Region, 2021
TABLE NO. 4. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Million)
TABLE NO. 5. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Million)
TABLE NO. 6. Global Antioxidant BHT Market for Food additives, by Region, 2016 – 2028 (USD Million)
TABLE NO. 7. Global Antioxidant BHT Market for Fuel additives, by Region, 2016 – 2028 (USD Million)
TABLE NO. 8. Global Antioxidant BHT Market for Industrial additives, by Region, 2016 – 2028 (USD Million)
TABLE NO. 10. Global Antioxidant BHT Market for Oil and gas, by Region, 2016 – 2028 (USD Million)
TABLE NO. 11 Global Antioxidant BHT Market for Food and beverages, by Region, 2016 – 2028 (USD Million)
TABLE NO. 12. Global Antioxidant BHT Market for Consumer products, by Region, 2016 – 2028 (USD Million)
TABLE NO. 13 Global Antioxidant BHT Market Revenue, By Region, 2016 – 2028 (USD Million)
TABLE NO. 14. North America Antioxidant BHT Market Revenue, By Country, 2016 – 2028 (USD Million)
TABLE NO. 15. North America Antioxidant BHT Market Revenue, By Type, 2016 – 2028 (USD Million)
TABLE NO. 16. North America Antioxidant BHT Market Revenue, By Application, 2016 – 2028 (USD Million)
TABLE NO. 17. U.S. Antioxidant BHT Market Revenue, By Type, 2016 – 2028 (USD Million)
TABLE NO. 18. U.S. Antioxidant BHT Market Revenue, By Application, 2016 – 2028 (USD Million)
TABLE NO. 19. Canada Antioxidant BHT Market Revenue, By Type, 2016 – 2028 (USD Million)
TABLE NO. 20. Canada Antioxidant BHT Market Revenue, By Application, 2016 – 2028 (USD Million)
TABLE NO. 21. Mexico Antioxidant BHT Market Revenue, By Type, 2016 – 2028 (USD Million)
TABLE NO. 22. Mexico Antioxidant BHT Market Revenue, By Application, 2016 – 2028 (USD Million)
TABLE NO. 23. Drivers for the Antioxidant BHT Market: Impact Analysis
TABLE NO. 24 Restraints for the Antioxidant BHT Market: Impact Analysis
TABLE NO. 25. Major Buyers of Antioxidant BHT
TABLE NO. 26. Distributors/Traders List of Antioxidant BHT
TABLE NO. 27. Global Antioxidant BHT Market, Company Market Revenue, 2016 – 2019 (USD Million)
TABLE NO. 28: Global Antioxidant BHT Market, Company Y-o-Y Growth, 2017 – 2019 (USD Million)
This report is based on in-depth qualitative and quantitative analyses of the global Antioxidant BHT market. Zion Research has collected and analyzed key data belong to the global Antioxidant BHT market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.
The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.
Various parameters have been taken into account while estimating market size. The revenue generated by the leading industry participants in from the sales of Antioxidant BHT across the world has been calculated through primary and secondary research.
Zion Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc.
For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in the validation of findings from secondary research and to understand key trends in the Antioxidant BHT industry. Primary research makes up the major source of data collection and validation.
Primary Research
We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:
Participants who typically participate in such a process include, but are not limited to:
Key opinion leaders specializing in different areas corresponding to different industry verticals
Secondary Research
Secondary research sources that are typically referred to include, but are not limited to:
News articles, press releases and webcasts specific to companies operating in the market
Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Antioxidant BHT market.
Models
Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:
Antioxidants play a vital role in skin aging by protecting the cell membranes and reducing the formation of radicals in the skin. Antioxidants avert the oxidation process by neutralizing the molecules of oxygen and free radicals. Therefore antioxidants are gaining huge popularity in the cosmetic industry. However, antioxidants are used in food packaging and healthcare industry. Antioxidants can be broadly classified as natural and synthetic antioxidants. Natural antioxidants include rosemary extracts, vitamin A, vitamin C and vitamin E. Synthetic antioxidants consists of butylated hydroxyanisole (BHA) and butylated hydroxytoluene (BHT) among others.
BHT (butylated hydroxytoluene) is a synthetic antioxidant used as preservatives in food, cosmetics, and other applications. Butylated hydroxytoluene (BHT) is a phenolic compound which prolongs the shelf life of food by protecting it against deterioration caused by oxidation, such as color changes, odor, and fat rancidity. BHT is widely used to prevent oxidation in fluids (e.g. fuel, oil) and other materials where free radicals must be controlled. It is also known as 3, 5-di-tert-butyl-4-hydroxytoluene; methyl-di-tert-butylphenol; 2,6-di-tert-butyl-para-cresol.
There has been the tremendous increase in the use of antioxidants for improving the animals’ disease resistance. Hence, the antioxidant BHT market is mainly driven by the growing animal feed industry. Moreover, antioxidant BHT is used as a stabilizer in rubbers, elastomers, polymeric materials. Thus, growing demand from plastic and rubber industry is expected to boost the demand for antioxidant BHT market. However, prolong use of antioxidant BHT may adversely affect human and animal health. Therefore this factor is considered as the major restrain for the antioxidant BHT market. Nonetheless, ongoing research and development to enhance antioxidant BHT properties are likely to open up new growth opportunities in the coming years.
Asia-Pacific was the largest market for antioxidant BHT with 57.15 % share of total revenue generated in 2015. This is mainly attributed to the growing industrialization with rising meat consumption in the emerging countries such as China and India. North America accounted for 16.27% share of total antioxidant BHT market followed by Europe in 2015. Rising consumption of red meat in Mexico is anticipated to aid the growth of antioxidant BHT market. In addition, ongoing research for product development in North America may trigger the growth of antioxidant BHT market. Increasing shift in preference for natural synthetics in Europe is expected to trigger the growth of antioxidant BHT market in the coming years. Moreover, the presence of various pork meat manufacturers in UK, France, and Germany is likely to positively impact on feedstock which in turn is expected to boost the antioxidant BHT market growth in coming years. Latin America and the Middle East and Africa are expected to witness moderate growth within the forecast period due to increasing consumer awareness for food safety.
Some of the global major players in the antioxidant BHT are Caldic, Cargill, LANXESS, Impextraco, Perstorp Group, Merisol USA LLC, Milestone Preservatives Private Limited and Eastman Chemical Company among others.
Request the coronavirus impact analysis across industries and markets
The global Antioxidant BHT Market was valued at USD 251.6 Million in 2020.
The global Antioxidant BHT Market is expected to reach USD 375.6 Million by 2028, growing at a CAGR of 5.3% between 2021 to 2028.
Some of the key factors driving the global Antioxidant BHT Market growth are development in the cosmetic sector and high employment of the antioxidant in animal feed.
The global antioxidant BHT market was ruled with 55.15 % of total revenue generated by Asia Pacific in 2020. Increasing intake of protein and rapidly growing industrialization have led to high meat consumption. This resulted in high development in antioxidant BHT market. China and India are likely to show high growth for antioxidant BHT market due to increasing meat consumption in these areas.
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