Antioxidant BHT Market Size, Share, Growth, Forecast 2030

Antioxidant BHT Market Size Overview         

The global Antioxidant BHT market size 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.

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Antioxidant BHT is a 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 the antioxidant BHT market. China and India are likely to show high growth in the 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 all stages of the supply chain and value chain of various industries.

The health care is one such industry, which is currently facing challenges due to the lack of requirements for the products. The health 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 the 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.

Antioxidant BHT Market: Report Scope

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.

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.

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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.  

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Antioxidant BHT Market: Competitive Space

The global Antioxidant BHT market profiles key players such as:

• Cargill
• Caldic
• Impextraco
• LANXESS
• Merisol USA LLC
• Perstorp Group
• Eastman Chemical Company
• Milestone Preservatives Private Limited

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