Butylated Hydroxytoluene Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2021 - 2026

Report Code: CMR 96088 Report Format: PDF + Excel (Delivery in 48 Hrs)

Overview

Butylated Hydroxytoluene Market is forecast to reach $297.18 million by 2025, after growing at a CAGR of 5.30% during 2020-2025. The global demand for butylated hydroxytoluene is rising due to its growing demands from food and beverage and oil and gas industries and this trend is projected to persist even during the forecast period. Butylated Hydroxytoluene is widely used to prevent oxidation in fluids like oil, fuel and other materials where the free radicals must be controlled. Moreover, increasing usage of butylated hydroxytoluene in plastic and rubber is driving the demand for butylated hydroxytoluene industry during the forecast period. The report covers Butylated Hydroxytoluene Market size by type and applications, Butylated Hydroxytoluene Market share by top 5 companies and also the market share by start-ups during the forecast period.

Report Coverage

The report: “Butylated Hydroxytoluene Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Butylated Hydroxytoluene Market.

Key Takeaways

  • The market for butylated hydroxytoluene is influenced by the rising demand for cosmetics products, the evolution of environment-friendly chemicals required by healthcare industries, and development of food and beverage industries, which require largely butylated hydroxytoluene.
  • Utility of butylated hydroxytoluene as an animal feed to increase disease resistance in animals drives market growth.
  • Usage of butylated hydroxytoluene in poultry to improve color and minimize sour taste in eggs as well as  meat will prompt the growth of the market.

By Grade - Segment Analysis

Food Grade segment held a significant share in the butylated hydroxytoluene market in 2019. BHT (Butylated Hydroxytoluene) is a food-grade antioxidant used to delay the oxidative rancidity of oils and fats and thereby extend the shelf life of both food and cosmetics. It is recognized as safe for use in food when the total content of antioxidants does not exceed 0.02% of the fat or oil content of the food. BHT species behaves like a synthetic analog of vitamin E, primarily acting as a terminating agent that suppresses autoxidation. BHT stops this autocatalytic reaction by converting peroxy radicals to hydroperoxides. BHT food grade is stable over long periods of time when stored under normal (below 77o), dry conditions, unopened, in the original container.

By End-Use Industry - Segment Analysis

Food and Beverage segment held a significant share in the butylated hydroxytoluene market in 2019. Due to oxidation limiting property, BHT is added to fish oil and meal. It helps to prevent lipid oxidation present in fish and fish products. Rising demand for caviar and other fishes due to increasing disposable incomes of consumers will have a positive impact on the market. BHT meets FDA requirements for utilization in food products. It is also considered GRAS (generally recognized as safe) by the FDA intensifying butylated hydroxytoluene market growth.

By Application - Segment Analysis

The cosmetic Ingredient segment held the largest share in the butylated hydroxytoluene market in 2019. Owing to the high utility of BHT in the manufacturing of cosmetic products, the usage of butylated hydroxytoluene in cosmetics is expected to grow during the forecast period. The product acts as an antioxidant & preservative and slows the degradation of cosmetics which occurs owing to a chemical reaction in the presence of oxygen. Rising population, improving the standard of living, and intensifying e-commerce activities have led to increased demand for cosmetic products which in turn increases the demand for butylated hydroxytoluene.

Geography - Segment Analysis

Asia-Pacific dominated the butylated hydroxytoluene market with a share of more than 38.5% during the forecast period. The high demand is mainly attributed to the industrial growth of the region. Asia-Pacific is a hub for plastics, animal feed chemical, personal care, pharmaceutical and food & beverages industries. Many foreign investors commenced the manufacturing facilities in the region due to low production costs. This is the one of the major factors contributing to the growth of butylated hydroxytoluene market in APAC.

Drivers – Butylated Hydroxytoluene Market

·         Burgeoning demand for food additives

Burgeoning demand for food additives as a result of the rising in the intake of processed diet including ready to cook food, meat, and noodles will accelerate the butylated hydroxytoluene (BHT) market. Preservative and antioxidant properties of the the product will help to prevent spoiling of the food, thereby further proliferating the market growth during the forecast period. In addition, the prominent rise in industrialization formed the basis for the growth of the manufacturing sector. This has turned into a high demand for lubricants in the processing industry of equipment. BHT, with its beneficial thermal deterioration characteristic in lubricant production, leads to protuberant growth in the market for butylated hydroxytoluene (BHT).

Challenges – Butylated Hydroxytoluene Market

·         Health issues due to excessive usage of BHT

Widespread use of BHT as an additive in the diet will have an adverse impact on the health of the individual. High consumption other than prescribed by FDA may result in illness including thyroid hyperactivity, enlargement of the liver, induction of several liver enzymes which may hamper butylated hydroxytoluene market. In a predictive clinical test, 100% BHT was a mild irritant and a moderate sensitizer. In provocative skin tests, BHT (in the 1% to 2% concentration range) produced positive reactions in a small number of patients. The European Union has put into effect an Integrated Pollution Prevention and Control (IPPC) Directive in order to restrict the utilization of harmful chemicals that shall have a negative effect on the overall growth of the butylated hydroxytoluene market in this region. Presence of several natural antioxidant substitutes including polyphenols, vitamin E, and vitamin C may hamper butylated hydroxytoluene market.

Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the butylated hydroxytoluene market. In 2019, the market of butylated hydroxytoluene has been consolidated by the top five players accounting for xx% of the share. Top 10 companies in the butylated hydroxytoluene market are Sasol Limited, Lanxess AG, Eastman Chemical Company, Oxiris Chemicals S.A., HELM AG, Finoric Llc, Honshu Chemical Industry Co. Ltd, Twinkle Chemi Lab Pvt Ltd, Yasho Industries Limited, Milestone Preservatives Pvt Ltd, and Finar Limited among others.

Agreement/ Product Launch

Ø  In July 2017, Kemin industry launched a color protection simulator for food and beverages in their North America branch. The consumer friendly antioxidants are used as color protection solutions, including Butylated Hydroxyanisole, Butylated Hydroxytoluene, or Tertiary-Butylhydroquinone. The simulator helps production units to determine the optimal antioxidant solution in order to meet the requirements of their desired shelf life.

Ø  In August 2017, Cargill made an agreement with Richmond Va. -based Southern States Cooperative Inc. to acquire the animal feed business of Richmond Va. -based Southern States Cooperative Inc. With this, Cargill will introduce the venture into the animal feed industry, thus, strengthening its distribution.

1. Butylated Hydroxytoluene Market - Overview
        1.1 Definitions and Scope
2. Butylated Hydroxytoluene Market - Executive summary
        2.1 Market Revenue, Market Size and Key Trends by Company
        2.2 Key Trends by type of Application
        2.3 Key Trends segmented by Geography
3. Butylated Hydroxytoluene Market
        3.1 Comparative analysis
            3.1.1 Product Benchmarking - Top 10 companies
            3.1.2 Top 5 Financials Analysis
            3.1.3 Market Value split by Top 10 companies
            3.1.4 Patent Analysis - Top 10 companies
            3.1.5 Pricing Analysis
4. Butylated Hydroxytoluene Market - Startup companies Scenario Premium
        4.1 Top 10 startup company Analysis by
            4.1.1 Investment
            4.1.2 Revenue
            4.1.3 Market Shares
            4.1.4 Market Size and Application Analysis
            4.1.5 Venture Capital and Funding Scenario
5. Butylated Hydroxytoluene Market - Industry Market Entry Scenario Premium
        5.1 Regulatory Framework Overview
        5.2 New Business and Ease of Doing business index
        5.3 Case studies of successful ventures
        5.4 Customer Analysis - Top 10 companies
6. Butylated Hydroxytoluene Market Forces
        6.1 Drivers
        6.2 Constraints
        6.3 Challenges
        6.4 Porters five force model
            6.4.1 Bargaining power of suppliers
            6.4.2 Bargaining powers of customers
            6.4.3 Threat of new entrants
            6.4.4 Rivalry among existing players
            6.4.5 Threat of substitutes
7. Butylated Hydroxytoluene Market -Strategic analysis
        7.1 Value chain analysis
        7.2 Opportunities analysis
        7.3 Product life cycle
        7.4 Suppliers and distributors Market Share
8. Butylated Hydroxytoluene Market - By Product (Market Size -$Million / $Billion)
        8.1 Market Size and Market Share Analysis
        8.2 Application Revenue and Trend Research
        8.3 Product Segment Analysis
9. Butylated Hydroxytoluene Market - By End-User Industry (Market Size -$Million / $Billion)
        9.1 Oil Gas
        9.2 Food Beverage
        9.3 Consumer Product
        9.4 Aerospace
        9.5 Automotive
10. Butylated Hydroxytoluene - By Application (Market Size -$Million / $Billion)
        10.1 Segment type Size and Market Share Analysis
        10.2 Application Revenue and Trends by type of Application
        10.3 Application Segment Analysis by Type
            10.3.1 Food Additive
            10.3.2 Fuel Additive
            10.3.3 Industrial Additive
            10.3.4 Polymeric Ingredient
            10.3.5 Pesticide Ingredient
            10.3.6 Cosmetic Ingredient
11. Butylated Hydroxytoluene- By Geography (Market Size -$Million / $Billion)
        11.1 Butylated Hydroxytoluene Market - North America Segment Research
        11.2 North America Market Research (Million / $Billion)
            11.2.1 Segment type Size and Market Size Analysis
            11.2.2 Revenue and Trends
            11.2.3 Application Revenue and Trends by type of Application
            11.2.4 Company Revenue and Product Analysis
            11.2.5 North America Product type and Application Market Size
                  11.2.5.1 U.S
                  11.2.5.2 Canada
                  11.2.5.3 Mexico
                  11.2.5.4 Rest of North America
        11.3 Butylated Hydroxytoluene- South America Segment Research
        11.4 South America Market Research (Market Size -$Million / $Billion)
            11.4.1 Segment type Size and Market Size Analysis
            11.4.2 Revenue and Trends
            11.4.3 Application Revenue and Trends by type of Application
            11.4.4 Company Revenue and Product Analysis
            11.4.5 South America Product type and Application Market Size
                  11.4.5.1 Brazil
                  11.4.5.2 Venezuela
                  11.4.5.3 Argentina
                  11.4.5.4 Ecuador
                  11.4.5.5 Peru
                  11.4.5.6 Colombia
                  11.4.5.7 Costa Rica
                  11.4.5.8 Rest of South America
        11.5 Butylated Hydroxytoluene- Europe Segment Research
        11.6 Europe Market Research (Market Size -$Million / $Billion)
            11.6.1 Segment type Size and Market Size Analysis
            11.6.2 Revenue and Trends
            11.6.3 Application Revenue and Trends by type of Application
            11.6.4 Company Revenue and Product Analysis
            11.6.5 Europe Segment Product type and Application Market Size
                  11.6.5.1 U.K
                  11.6.5.2 Germany
                  11.6.5.3 Italy
                  11.6.5.4 France
                  11.6.5.5 Netherlands
                  11.6.5.6 Belgium
                  11.6.5.7 Denmark
                  11.6.5.8 Spain
                  11.6.5.9 Rest of Europe
        11.7 Butylated Hydroxytoluene - APAC Segment Research
        11.8 APAC Market Research (Market Size -$Million / $Billion)
            11.8.1 Segment type Size and Market Size Analysis
            11.8.2 Revenue and Trends
            11.8.3 Application Revenue and Trends by type of Application
            11.8.4 Company Revenue and Product Analysis
            11.8.5 APAC Segment - Product type and Application Market Size
                  11.8.5.1 China
                  11.8.5.2 Australia
                  11.8.5.3 Japan
                  11.8.5.4 South Korea
                  11.8.5.5 India
                  11.8.5.6 Taiwan
                  11.8.5.7 Malaysia
                  11.8.5.8 Hong kong
                  11.8.5.9 Rest of APAC
        11.9 Butylated Hydroxytoluene - Middle East Segment and Africa Segment Research
        11.10 Middle East & Africa Market Research (Market Size -$Million / $Billion)
            11.10.1 Segment type Size and Market Size Analysis
            11.10.2 Revenue and Trend Analysis
            11.10.3 Application Revenue and Trends by type of Application
            11.10.4 Company Revenue and Product Analysis
            11.10.5 Middle East Segment Product type and Application Market Size
                  11.10.5.1 Israel
                  11.10.5.2 Saudi Arabia
                  11.10.5.3 UAE
            11.10.6 Africa Segment Analysis
                  11.10.6.1 South Africa
                  11.10.6.2 Rest of Middle East & Africa
12. Butylated Hydroxytoluene Market - Entropy
        12.1 New product launches
        12.2 M&A s, collaborations, JVs and partnerships
13. Butylated Hydroxytoluene Market - Industry / Segment Competition landscape Premium
        13.1 Market Share Analysis
            13.1.1 Market Share by Country- Top companies
            13.1.2 Market Share by Region- Top 10 companies
            13.1.3 Market Share by type of Application - Top 10 companies
            13.1.4 Market Share by type of Product / Product category- Top 10 companies
            13.1.5 Market Share at global level - Top 10 companies
            13.1.6 Best Practises for companies
14. Butylated Hydroxytoluene Market - Key Company List by Country Premium
15. Butylated Hydroxytoluene Market Company Analysis
        15.1 Market Share, Company Revenue, Products, M&A, Developments
        15.2 Caldic B V
        15.3 Cargill Incorporated
        15.4 Eastman Chemical Company
        15.5 Impextraco Nv
        15.6 Kh Chemical
        15.7 Lanxess
        15.8 Merisol Usa Llc
        15.9 Milestone Preservative Pvt Ltd
        15.10 Parchem Fine Speciality Chemical
        15.11 Perdtrop Group
        15.12 Company 11
        15.13 Company 12 & More
*Financials would be provided on a best efforts basis for private companies
16. Butylated Hydroxytoluene Market - Appendix
        16.1 Abbreviations
        16.2 Sources
17. Butylated Hydroxytoluene Market - Methodology
        17.1 Research Methodology
            17.1.1 Company Expert Interviews
            17.1.2 Industry Databases
            17.1.3 Associations
            17.1.4 Company News
            17.1.5 Company Annual Reports
            17.1.6 Application Trends
            17.1.7 New Products and Product database
            17.1.8 Company Transcripts
            17.1.9 R&D Trends
            17.1.10 Key Opinion Leaders Interviews
            17.1.11 Supply and Demand Trends

List of Tables

1 US Butylated Hydroxytoluene Market Size 2018
2 Canada Butylated Hydroxytoluene Market Share 2018
3 Brazil Butylated Hydroxytoluene Market Outlook 2019 - 2023
4 Mexico Butylated Hydroxytoluene Market Research 2018
5 Germany Butylated Hydroxytoluene Market Trends 2019 - 2023 
6 France Butylated Hydroxytoluene Market Growth 2019 - 2023 
7 UK Butylated Hydroxytoluene Market Demand 2019 - 2023 
8 Italy Butylated Hydroxytoluene Market Segmentation 2018
9 Russia Butylated Hydroxytoluene Market Analysis 2019 - 2023
10 China Butylated Hydroxytoluene Market Revenue 2019 - 2023
11 Japan Butylated Hydroxytoluene Market Volume 2019 - 2023
12 South Korea Butylated Hydroxytoluene Market Potential 2019 - 2023
13 India Butylated Hydroxytoluene Market Leaders 2018
14 Saudi Arabia Butylated Hydroxytoluene Market Forecast 2019 - 2023 
15 Kuwait Butylated Hydroxytoluene Market Value 2018

List of Figures

For complete list of 60+ tables and 60+ figures follow the Link