Butylated Hydroxytoluene Market size is anticipated to reach USD 20 billion by the end of 2035, growing at a CAGR of 8% during the forecast period, i.e., 2023 – 2035. In the year 2022, the industry size of butylated hydroxytoluene was USD 10 billion. Butylated hydroxytoluene (BHT) is a synthetic antioxidant widely used in various industries, including food, cosmetics, pharmaceuticals, and plastics. It is commonly used as a preservative to extend the shelf life of products and prevent oxidative degradation. BHT works by inhibiting the formation of free radicals, which can cause spoilage, rancidity, or degradation of the products it is added to.
The food and beverage industry are one of the major consumers of BHT. As consumers seek longer-lasting and safe food products, the demand for BHT as a food preservative has increased. It helps prevent oxidation in fats and oils, enhancing the stability of various food products. BHT is used in cosmetics and personal care products like lipsticks, lotions, and creams to prevent the oxidation of oils and fats. The rising demand for beauty and personal care products contributes to the growth of the BHT market.
Growth Drivers
Challenges
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Base Year |
2022 |
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Forecast Year |
2023-2035 |
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CAGR |
~8% |
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Base Year Market Size (2022) |
~ USD 10 Billion |
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Forecast Year Market Size (2035) |
~ USD 20 Billion |
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Regional Scope |
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Grade (Technical, Food)
The food grade segment is estimated to hold 65% share of the butylated hydroxytoluene market in the year 2035. As BHT is widely used in food products to prevent oxidation and extend shelf life, the Food Grade segment plays a crucial role in ensuring the quality and safety of various food items. According to a report, the global sales of packaged/processed foods and ready-to-eat meals reached USD 3.2 trillion in 2019, and this trend is expected to continue growing. BHT has been approved as a food additive by regulatory authorities worldwide, including the U.S. Food and Drug Administration (FDA) and the European Food Safety Authority (EFSA). This regulatory approval ensures the safe use of BHT as a food preservative. The Food and Agriculture Organization (FAO) estimates that approximately one-third of the world's food production is lost or wasted each year. Food preservatives like BHT can help reduce food spoilage and waste, contributing to sustainability efforts.
End User (Food, Cosmetics, Pharmaceutical)
Butylated hydroxytoluene market from the pharmaceuticals segment is expected to garner a significant share in the year 2035. The Pharmaceuticals segment of Butylated Hydroxytoluene (BHT) is driven by several factors related to its use as an antioxidant and stabilizer in pharmaceutical products. BHT helps prevent drug degradation and maintain the quality and efficacy of pharmaceutical formulations. A study published in the International Journal of Pharmacy and Pharmaceutical Sciences demonstrated that BHT effectively increased the shelf life and stability of a drug formulation containing a sensitive active ingredient. According to the World Health Organization (WHO), over 50% of medicines are inappropriately stored, which can lead to decreased shelf life and efficacy. BHT's use in pharmaceutical formulations can help address this issue by maintaining drug stability.
Our in-depth analysis of the global BHT market includes the following segments:
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Grade |
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End User |
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APAC Market Forecast
The butylated hydroxytoluene market in the Asia Pacific region is projected to hold the largest revenue share of 38% by the end of 2035. BHT is widely used in various industries in the region, including food, cosmetics, pharmaceuticals, and plastics. The Asia Pacific region is a major hub for the production of plastics and rubber products. According to the Asia Petrochemical Industry Conference, the Asia Pacific accounted for approximately 50% of the global plastics production and consumption in 2019. BHT is used as an antioxidant in plastics and rubber to protect them from degradation caused by heat and UV radiation.
North American Market Statistics
The butylated hydroxytoluene market in the North America region is projected to hold the second largest share during the forecast period. The concern for food waste reduction has led to the use of food preservatives like BHT to extend the shelf life of products, reducing food spoilage and waste. The prevalence of fast-food chains and convenience stores in North America drives the demand for processed and packaged foods. BHT is used to extend the shelf life of such products and maintain their quality during distribution and storage.
BHT has been approved as a food additive and cosmetic ingredient by regulatory authorities in North America, including the U.S. Food and Drug Administration (FDA) and Health Canada. This approval ensures its safe use in different industries. The North America region has a well-developed and diverse food and beverage industry. The demand for BHT as a food preservative is driven by the need to extend the shelf life of various food products, including oils, fats, and processed foods.
Lanxess and Eastman Chemical Company announced a partnership to develop sustainable polyurethanes. The two companies will work together to develop new polyurethanes that are based on renewable resources and that have a lower environmental impact. The goal of the partnership is to create polyurethanes that meet the performance requirements of customers while also being more sustainable.
Eastman Chemical Company reported strong earnings for the first quarter of 2023. The company's earnings per share were USD 2.22, which exceeded analysts' expectations of USD 2.05. Eastman's sales were USD 2.9 billion. The company's strong results were driven by strong demand for its products, particularly in the agricultural and specialty plastics markets.
Author Credits: Smruti Ranjan, Rajrani Baghel
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