“Global Butylated Hydroxytoluene Market to reach a market value of USD 335.5 Million by 2030 growing at a CAGR of 5.4%”
The Global Butylated Hydroxytoluene Market size is expected to reach $335.5 million by 2030, rising at a market growth of 5.4% CAGR during the forecast period. In the year 2022, the market attained a volume of 49,849.4 Tonnes experiencing a growth of 5.1% (2019-2022).
BHT helps maintain the freshness of the feed, making it more palatable for animals and encouraging proper consumption. Moreover, BHT helps maintain the stability of feed ingredients during processing, such as pelleting and extrusion. Consequently, the animal feed segment would acquire nearly 12% of the total market share by 2030. BHT functions as an antioxidant by inhibiting the oxidation of fats and oils in the feed. This helps contain the formation of free radicals and the subsequent degradation of essential nutrients, such as vitamins and fatty acids.
BHT is added to plastics during their manufacturing process to prevent oxidative degradation. This is particularly important for plastics exposed to environmental aspects like heat, light, and air during their use. The automotive and packaging industries, both significant consumers of plastics, may drive the demand for BHT. In these industries, plastic components must maintain their integrity over time, and antioxidants like BHT contribute to achieving this goal. Due to the rising global plastics production, the market is expected to grow significantly. Additionally, BHT is added to prepared foods to prevent the oxidation of fats and oils, which helps extend the shelf life of the products. This is crucial for the prepared food industry, where products may undergo various processing stages, packaging, and distribution before reaching consumers. Snack foods and ready-to-eat meals are major segments in the prepared food industry. BHT is commonly used to formulate these products to ensure the fats and oils' stability, enhancing the final product's taste and texture. Thus, the increasing demand for the prepared food industry positively expands the market.
However, there is a growing customer choice for natural and minimally processed products. As awareness of health and wellness increases, consumers may actively seek food and cosmetic products that contain natural antioxidants instead of synthetic ones like BHT. The association between natural antioxidants and potential health benefits can drive consumer choices. Products containing natural antioxidants are often marketed as healthier alternatives, influencing purchasing decisions and impacting the market for synthetic antioxidants like BHT. Due to the above factors, market growth will be hampered in the coming years.
Based on end-use, the market is fragmented into plastic & rubber, food & beverage, animal feed, personal care, and others. The food & beverage segment garnered a significant revenue share in the market in 2022. In the food & beverage industry, BHT prevents the oxidation of fats and oils in food products such as baked goods, snacks, and cooking oils, extending shelf life and maintaining product quality. It may also be incorporated into packaging materials, especially in direct contact with fatty foods. This helps prevent oxidation and maintain the quality of packaged products.
On the basis of grade, the market is segmented into food grade and technical grade. The food grade segment acquired a substantial revenue share in the market in 2022. Food grade BHT meets the specific safety and purity standards required for use in the food industry. They are commonly used as antioxidants in the food industry to improve the oxidation of oils and fats. It also helps boost the shelf life of products by inhibiting the development of off-flavors, odors, and discoloration caused by rancidity. Regulatory authorities specify maximum allowable levels of BHT in different food products to prevent excessive usage. Adhering to these guidelines ensures that BHT remains within safe limits for consumers.
Free Valuable Insights: Global Butylated Hydroxytoluene Market size to reach USD 335.5 Million by 2030
Region-wise, the market is analysed across North America, Europe, Asia Pacific, and LAMEA. In 2022, the Asia Pacific region registered the highest revenue share in the market. Some of the largest BHT producers are in the Asia-Pacific region. This chemical is an antioxidant food additive that protects unsaturated organic compounds in foods and oils from atmospheric oxidation. Moreover, the growth in automobile production in China will likely promote the demand for rubber tires, creating an upside demand for the market.
| Report Attribute | Details |
|---|---|
| Market size value in 2022 | USD 221.2 Million |
| Market size forecast in 2030 | USD 335.5 Million |
| Base Year | 2022 |
| Historical Period | 2019 to 2021 |
| Forecast Period | 2023 to 2030 |
| Revenue Growth Rate | CAGR of 5.4% from 2023 to 2030 |
| Number of Pages | 263 |
| Number of Table | 528 |
| Quantitative Data | Volume in Tonnes, Revenue in USD Millions, and CAGR from 2019 to 2030 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives |
| Segments covered | Grade, End-use, Region |
| Country scope |
|
| Companies Included | Sasol Limited, Lanxess AG, Eastman Chemical Company, Camlin Fine Sciences Limited, Dycon Chemicals, Finar (Actylis), Yasho Industries Limited, Milestone Preservatives Pvt. Ltd. and Twinkle Chemi Lab Pvt. Ltd. |
By Grade (Volume, Tonnes, USD Million, 2019-2030)
By End-use (Volume, Tonnes, USD Million, 2019-2030)
By Geography (Volume, Tonnes, USD Million, 2019-2030)
The Market size is projected to reach USD $335.5 million by 2030.
Growth in global plastics production are driving the Market in coming years, however, Price volatility of raw materials restraints the growth of the Market.
Sasol Limited, Lanxess AG, Eastman Chemical Company, Camlin Fine Sciences Limited, Dycon Chemicals, Finar (Actylis), Yasho Industries Limited, Milestone Preservatives Pvt. Ltd. and Twinkle Chemi Lab Pvt. Ltd.
The expected CAGR of this Market is 5.4% from 2023 to 2030.
In the year 2022, the market attained a volume of 49,849.4 Tonnes experiencing a growth of 5.1% (2019-2022).
The Asia Pacific region dominated the Market, By Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $148.8 million by 2030.
Our team of dedicated experts can provide you with attractive expansion opportunities for your business.
Unique Offerings 