Butylated Hydroxytoluene Industry – Regional Synopsis
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 2037. 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.
