Butylated Hydroxytoluene Market Trends

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

Butylated Hydroxytoluene Market Trends

Growth Drivers

  • Increasing Demand in the Food Industry: BHT is widely used as a food preservative to extend the shelf life of various food products, including oils, fats, and snacks. The global food preservatives sales, of which BHT is a significant part, was valued at around USD 2.5 billion in 2020.
  • Expanding Cosmetic and Personal Care Industry: The beauty and personal care industry's growth has led to an increased demand for BHT in cosmetics and personal care products.
  • Increasing Health and Wellness Awareness: Consumers' growing concerns about food safety and product quality have led to a higher demand for BHT as a food preservative, particularly in the context of extending shelf life and maintaining product freshness.

Challenges

  • Health and Safety Concerns: There have been concerns and debates about the potential health risks associated with BHT consumption. Some studies have suggested that high levels of BHT intake may be linked to adverse health effects, including potential endocrine disruption and other health issues. As a result, there has been increased scrutiny from regulatory authorities and consumer advocacy groups, leading to calls for further research and potential restrictions on its use.
  • Shift Towards Natural Alternatives
  • Regulatory Changes

Butylated Hydroxytoluene Market: Key Insights

Base Year

2023

Forecast Year

2023-2036

CAGR

5.7%

Base Year Market Size (2023)

USD 235.1 Million

Forecast Year Market Size (2036)

USD 472.3 Million

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of Middle East and Africa)
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Browse Key Market Insights with Data Illustration:


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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