Butylated Hydroxytoluene Market Size

  • Report ID: 5137
  • Published Date: Jun 07, 2024
  • Report Format: PDF, PPT

Butylated Hydroxytoluene Market Size

Butylated Hydroxytoluene Market size was over USD 235.1 Million in 2023 and is set to cross USD 472.3 Million by the end of 2036, growing at more than 5.7% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of butylated hydroxytoluene is estimated at USD 240 Million. 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.

Butylated Hydroxytoluene (BHT) Market overview
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Author Credits:  Rajrani Baghel

  • Report ID: 5137
  • Published Date: Jun 07, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Increasing demand for pharmaceuticals is the major factor driving the market growth.

The market size of butylated hydroxytoluene is anticipated to attain a CAGR of 8% over the forecast period, i.e., 2023 – 2035.

The major players in the market are Lanxess AG, Eastman Chemical Company, Merck KGaA, SI Group, Inc., OXIRIS Chemicals S.A., and others.

The pharmaceuticals segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
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