Global Butylated Hydroxytoluene Market, By Grade (Technical Grade, Food Grade), Functionality (Food Preservatives, Antioxidant), Application (Food Additives, Fuel Additives, Industrial Additives, Polymeric Ingredients, Pesticide Ingredients, Cosmetic Ingredients, Others), End User (Oil and Gas, Food and Beverages, Animal Feed, Plastics and Rubbers, Consumer Products, Personal Care, Pharmaceutical, Chemical, Petroleum, Aerospace, Automotive, Others) Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
The butylated hydroxytoluene market size is expected to grow at a compound annual growth rate of 5.20% for the forecast period of 2021 to 2028. Data Bridge Market Research report on butylated hydroxytoluene market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
Butylated hydroxytoluene is a chemically derived fat soluble organic compound of phenol which has excellent antioxidant properties. Butylated hydroxytoluene is a synthetic compound, that is extensively used in food and cosmetic industry owing its food preservative and antioxidant property.
The high demand from the prepared food industry is expected to influence the growth of the butylated hydroxytoluene market. In line with this, the high growth in global plastics production and rise in the demand for the personal care industry are also anticipated to act as key determinants favoring the growth of the butylated hydroxytoluene market over the forecast period of 2021 to 2028. Also the, rapid urbanization and rise in demand for synthetic antioxidants because of their rise in the utilization for preserving food products so as to increase shelf life are also expected to positively impact the growth of the butylated hydroxytoluene market. The major factor accountable for the growth of the market is the increase in the usage in animal feed, electrical transformers, rubber manufacturing and pharmaceuticals.
However, the rise in the concerns regarding the use of butylated hydroxytoluene in the food and beverages industry and adverse effects of butylated hydroxytoluene on humans and animals are likely to act as key restraints towards butylated hydroxytoluene market growth rate in the forecast period of 2021 to 2028, whereas the development of sustainable and non-toxic alternatives can challenge the growth of the butylated hydroxytoluene market in the above mentioned forecast period.
Furthermore, the high industrial growth in the emerging economies, several application of butylated hydroxytoluene in different industries and rapid industrialization are expected to offer a variety of growth opportunities for the butylated hydroxytoluene market in the above mentioned forecast period.
This butylated hydroxytoluene market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on the butylated hydroxytoluene market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Butylated Hydroxytoluene Market Scope and Market Size
The butylated hydroxytoluene market is segmented on the basis of grade, functionality, application and end user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of grade, the butylated hydroxytoluene market is segmented into food grade and technical grade.
- Based on functionality, the butylated hydroxytoluene market is segmented into food preservatives and antioxidants.
- The application segment, the butylated hydroxytoluene market is segmented into food additives, fuel additives, industrial additives, polymeric ingredients, pesticide ingredients, cosmetic ingredients and others.
- Based on application, the butylated hydroxytoluene market is segmented into oil and gas, food and beverages, animal feed, plastics and rubbers, consumer products, personal care, pharmaceutical, chemical, petroleum, aerospace, automotive and others. Animal feed has further been segmented into poultry, swine, fish feed and cattle. Others have further been segmented into Printing inks, coatings, agrochemicals, fuel additives, biodiesel.
Butylated Hydroxytoluene Market Country Level Analysis
The butylated hydroxytoluene market is analyzed and market size, volume information is provided by country, grade, functionality, application and end user as referenced above.
The countries covered in the market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific leads the butylated hydroxytoluene market because of the strict regulations for the control of VOC emissions and strong presence of major consumers such as India, China and Japan. North America is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 because of the rapid rise in the consumption of poultry products in the developed countries such as U.S and Canada.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Butylated Hydroxytoluene Market Share Analysis
The butylated hydroxytoluene market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to butylated hydroxytoluene market.
The major players covered in the butylated hydroxytoluene market report are LANXESS, Sasol, Eastman Chemical Company, OXIRIS, HELM AG, Finoric LLC, Honshu Chemical Industry Co. Ltd, Twinkle Chemi Lab Pvt Ltd, Yasho Industries, Milestone Preservatives Pvt Ltd., FINAR CHEMICALS, Caldic B.V., Impextraco NV, Parchem Fine & Specialty Chemicals, Perstorp, KH Chemicals, DOUBLE BOND CHEMICAL IND., CO., LTD., Honshu Chemical Industry Co., Ltd., Astrra Chemicals and Ottokemi among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.