Antioxidant BHT Market - Global Industry Analysis

Antioxidant BHT Market By Type (Food additives, Fuel additives, and Industrial additives), By Application (Oil and gas, Food and beverages, and Consumer products): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028

Published Date: 21-May-2021 Category: Chemical & Materials Report Format : PDF Pages: 150 Report Code: ZMR-300 Status : Published

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.

Description

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

  • Food additives
  • Fuel additives  
  • Industrial additives   

By Applications

  • Oil and gas
  • Food and beverages
  • Consumer products  

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • 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 & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter No. 1 Introduction
    • 1.1. Report Description
      • 1.1.1. Purpose of the Report
      • 1.1.2. USP & Key Offerings
    • 1.2. Key Benefits for Stakehulders
    • 1.3. Target Audience
    • 1.4. Report Scope
  • Chapter No. 2 Executive Summary
    • 2.1. Key Findings
      • 2.1.1. Top Investment Pockets
        • 2.1.1.1. Market Attractiveness Analysis, By Type
        • 2.1.1.2. Market Attractiveness Analysis, By Application
        • 2.1.1.3. Market Attractiveness Analysis, By Region
    • 2.2. Market Snapshot
    • 2.3. Global Antioxidant BHT Market, 2016 – 2028 (USD Million)
    • 2.4. Insights from Primary Respondents
  • Chapter No. 3 COVID 19 Impact Analysis
    • 3.1. Impact Assessment of COVID-19 Pandemic, By Region
      • 3.1.1. North America
      • 3.1.2. Europe
      • 3.1.3. Asia Pacific
      • 3.1.4. Latin America
      • 3.1.5. The Middle-East and Africa
    • 3.2. Quarterly Market Revenue and Forecast by Region 2020 & 2021
    • 3.3. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Million)
    • 3.4. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Million)
    • 3.5. Key Strategies Undertaken by Companies to Tackle COVID-19
      • 3.5.1. Company Quarterly Revenue Analysis, 2019 & 2020
    • 3.6. Short Term Dynamics
    • 3.7. Long Term Dynamics
  • Chapter No. 4 Antioxidant BHT Market – Type Segment Analysis
    • 4.1. Overview
      • 4.1.1. Market Revenue Share, By Type, 2020 & 2028
    • 4.2. Food additives
      • 4.2.1. Market Size and Forecast, By Region (USD Million)
      • 4.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.3. Fuel additives
      • 4.3.1. Market Size and Forecast, By Region (USD Million)
      • 4.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.4. Industrial additives
      • 4.4.1. Market Size and Forecast, By Region (USD Million)
      • 4.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.4.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.1. Overview
      • 5.1.1. Market Revenue Share, By Application, 2020 & 2028
    • 5.2. Oil and gas
      • 5.2.1. Market Size and Forecast, By Region (USD Million)
      • 5.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.3. Food and beverages
      • 5.3.1. Market Size and Forecast, By Region (USD Million)
      • 5.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.4. Consumer products
      • 5.4.1. Market Size and Forecast, By Region (USD Million)
      • 5.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.4.3. Key Market Trends, Growth Factors, & Opportunities
    • 6.1. Overview
      • 6.1.1. Global Market Revenue Share, By Region, 2020 & 2028
      • 6.1.2. Global Market Revenue, By Region, 2016 – 2028 (USD Million)
    • 6.2. North America
      • 6.2.1. North America Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 6.2.2. North America Market Revenue, By Type, 2016 – 2028
      • 6.2.3. North America Market Revenue, By Application, 2016 – 2028
      • 6.2.5. U.S.
        • 6.2.5.1. U.S. Market Revenue, By Type, 2016 – 2028
        • 6.2.5.2. U.S. Market Revenue, By Application, 2016 – 2028
      • 6.2.6. Canada
        • 6.2.6.1. Canada Market Revenue, By Type, 2016 – 2028
        • 6.2.6.2. Canada Market Revenue, By Application, 2016 – 2028
      • 6.2.7. Mexico
        • 6.2.7.1. Mexico Market Revenue, By Type, 2016 – 2028
        • 6.2.7.2. Mexico Market Revenue, By Application, 2016 – 2028
    • 6.3. Europe
      • 6.3.1. Europe Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 6.3.2. Europe Market Revenue, By Type, 2016 – 2028
      • 6.3.3. Europe Market Revenue, By Application, 2016 – 2028
      • 6.3.5. Germany
        • 6.3.5.1. Germany Market Revenue, By Type, 2016 – 2028
        • 6.3.5.2. Germany Market Revenue, By Application, 2016 – 2028
      • 6.3.6. France
        • 6.3.6.1. France Market Revenue, By Type, 2016 – 2028
        • 6.3.6.2. France Market Revenue, By Application, 2016 – 2028
      • 6.3.7. U.K.
        • 6.3.7.1. U.K. Market Revenue, By Type, 2016 – 2028
        • 6.3.7.2. U.K. Market Revenue, By Application, 2016 – 2028
      • 6.3.8. Italy
        • 6.3.8.1. Italy Market Revenue, By Type, 2016 – 2028
        • 6.3.8.2. Italy Market Revenue, By Application, 2016 – 2028
      • 6.3.9. Spain
        • 6.3.9.1. Spain Market Revenue, By Type, 2016 – 2028
        • 6.3.9.2. Spain Market Revenue, By Application, 2016 – 2028
      • 6.3.10. Rest of Europe
        • 6.3.10.1. Rest of Europe Market Revenue, By Type, 2016 – 2028
        • 6.3.10.2. Rest of Europe Market Revenue, By Application, 2016 – 2028
    • 6.4. Asia Pacific
      • 6.4.1. Asia Pacific Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 6.4.2. Asia Pacific Market Revenue, By Type, 2016 – 2028
      • 6.4.3. Asia Pacific Market Revenue, By Application, 2016 – 2028
      • 6.4.5. China
        • 6.4.5.1. China Market Revenue, By Type, 2016 – 2028
        • 6.4.5.2. China Market Revenue, By Application, 2016 – 2028
      • 6.4.6. Japan
        • 6.4.6.1. Japan Market Revenue, By Type, 2016 – 2028
        • 6.4.6.2. Japan Market Revenue, By Application, 2016 – 2028
      • 6.4.7. India
        • 6.4.7.1. India Market Revenue, By Type, 2016 – 2028
        • 6.4.7.2. India Market Revenue, By Application, 2016 – 2028
      • 6.4.8. South Korea
        • 6.4.8.1. South Korea Market Revenue, By Type, 2016 – 2028
        • 6.4.8.2. South Korea Market Revenue, By Application, 2016 – 2028
      • 6.4.9. South-East Asia
        • 6.4.9.1. South-East Asia Market Revenue, By Type, 2016 – 2028
        • 6.4.9.2. South-East Asia Market Revenue, By Application, 2016 – 2028
      • 6.4.10. Rest of Asia Pacific
        • 6.4.10.1. Rest of Asia Pacific Market Revenue, By Type, 2016 – 2028
        • 6.4.10.2. Rest of Asia Pacific Market Revenue, By Application, 2016 – 2028
    • 6.5. Latin America
      • 6.5.1. Latin America Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 6.5.2. Latin America Market Revenue, By Type, 2016 – 2028
      • 6.5.3. Latin America Market Revenue, By Application, 2016 – 2028
      • 6.5.5. Brazil
        • 6.5.5.1. Brazil Market Revenue, By Type, 2016 – 2028
        • 6.5.5.2. Brazil Market Revenue, By Application, 2016 – 2028
      • 6.5.6. Argentina
        • 6.5.6.1. Argentina Market Revenue, By Type, 2016 – 2028
        • 6.5.6.2. Argentina Market Revenue, By Application, 2016 – 2028
      • 6.5.7. Rest of Latin America
        • 6.5.7.1. Rest of Latin America Market Revenue, By Type, 2016 – 2028
        • 6.5.7.2. Rest of Latin America Market Revenue, By Application, 2016 – 2028
    • 6.6. The Middle-East and Africa
      • 6.6.1. The Middle-East and Africa Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 6.6.2. The Middle-East and Africa Market Revenue, By Type, 2016 – 2028
      • 6.6.3. The Middle-East and Africa Market Revenue, By Application, 2016 – 2028
      • 6.6.5. GCC Countries
        • 6.6.5.1. GCC Countries Market Revenue, By Type, 2016 – 2028
        • 6.6.5.2. GCC Countries Market Revenue, By Application, 2016 – 2028
      • 6.6.6. South Africa
        • 6.6.6.1. South Africa Market Revenue, By Type, 2016 – 2028
        • 6.6.6.2. South Africa Market Revenue, By Application, 2016 – 2028
      • 6.6.7. Rest of Middle-East Africa
        • 6.6.7.1. Rest of Middle-East Africa Market Revenue, By Type, 2016 – 2028
        • 6.6.7.2. Rest of Middle-East Africa Market Revenue, By Application, 2016 – 2028
  • Chapter No. 7: Antioxidant BHT Market – Industry Analysis
    • 7.1. Introduction
    • 7.2. Market Drivers
      • 7.2.1. Driving Factor 1 Analysis
      • 7.2.2. Driving Factor 2 Analysis
    • 7.3. Market Restraints
      • 7.3.1. Restraining Factor Analysis
    • 7.4. Market Opportunities
      • 7.4.1. Market Opportunity Analysis
    • 7.5. Porter’s Five Forces Analysis
    • 7.6. PEST Analysis
    • 7.7. Regulatory Landscape
    • 7.8. Technology Landscape
    • 7.9. Regional Market Trends
      • 7.9.1. North America
      • 7.9.2. Europe
      • 7.9.3. Asia Pacific
      • 7.9.4. Latin America
      • 7.9.5. The Middle-East and Africa
    • 7.10. Pricing Analysis
    • 7.11. Value Chain Analysis
    • 7.12. Downstream Buyers
    • 7.13. Distributors/Traders List
  • Chapter No. 8: Competitive Landscape
    • 8.1. Company Market Share Analysis – 2019
      • 8.1.1. Global Antioxidant BHT Market: Company Market Share, 2019
      • 8.1.2. Global Antioxidant BHT Market, Company Market Revenue, 2016 – 2019 (USD Million)
      • 8.1.3. Global Antioxidant BHT Market, Company Y-o-Y Growth, 2017 – 2019 (%)
      • 8.1.4. Global Antioxidant BHT Market: Radar Determinant Chart, 2019
    • 8.2. Strategic Developments
      • 8.2.1. Acquisitions & Mergers
      • 8.2.2. New Product Launch
      • 8.2.3. Regional Expansion
    • 8.3. Company Strategic Developments – Heat Map Analysis
  • Chapter No. 9: Company Profiles
    • 9.1. Cargill
      • 9.1.1. Company Overview
      • 9.1.2. Key Executives
      • 9.1.3. Product Portfolio
      • 9.1.4. Financial Overview
      • 9.1.5. Operating Business Segments
      • 9.1.6. Business Performance
      • 9.1.7. Recent Developments
    • 9.2. Caldic
    • 9.3. Impextraco
    • 9.4. LANXESS
    • 9.5. Merisul USA LLC
    • 9.6. Perstorp Group
    • 9.8. Eastman Chemical Company
    • 9.9. Milestone Preservatives Private Limited
    • 9.10. Company 10
  • Chapter No. 10: Marketing Strategy Analysis
    • 10.1. Marketing Channel
    • 10.2. Direct Marketing
    • 10.3. Indirect Marketing
    • 10.4. Marketing Channel Development Trends
    • 10.5. Economic/Pulitical Environmental Change
  • Chapter No. 11: Research Methodology
    • 11.1. Research Methodology
    • 11.2. Phase I - Secondary Research
    • 11.3. Phase II - Data Modeling
      • 11.3.1. Company Share Analysis Model
      • 11.3.2. Revenue Based Modeling
    • 11.4. Phase III - Primary Research
    • 11.5. Research Limitations
      • 11.5.1. Assumptions

Table Of Figures

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
 


Table Of Tables

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)   


 

Methodology

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:

  • Provides firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
  • Helps in validating and strengthening the secondary research findings
  • Further, develops the analysis team’s expertise and market understanding
  • Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

Participants who typically participate in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts and research analysts specializing in specific markets

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:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • IDC and other relevant magazines
  • Internal and external proprietary databases, and relevant patent and regulatory databases
  • National government documents, statistical databases and market reports

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:

  • Demographic data: Population split by segments
  • Macroeconomic indicators: GDP, PPP, Per Capita Income, etc.
  • Industry indicators: Expenditure, technology stage and infrastructure, sector growth and facilities
  • Data is then cross-checked by an expert panel.

Free Analysis

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.

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FrequentlyAsked Questions

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.

Some of the major players of global Antioxidant BHT market includes Cargill, Caldic, Impextraco, LANXESS, Merisol USA LLC, Perstorp Group, Eastman Chemical Company, and Milestone Preservatives Private Limited.

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