Global Food Grade Butylated Hydroxytoluene Market, By Application (Food Additives, Fuel Additive, Industrial Additives, Polymeric Ingredients, Pesticide Ingredients, Cosmetic Ingredients and Others), End–Users (Oil & Gas, Food & Beverages, Consumer Products, Aerospace, Automotive and Others) – Industry Trends and Forecast to 2029.
Food Grade Butylated Hydroxytoluene Market Analysis and Size
Extensive research and development by food product manufacturers has resulted in the development of new food ingredients, and food additives are currently the subject of extensive research. The inclination in consumer demand for the perishable food products with enhanced flavour and texture is opening the door for food manufacturers to develop new products. The various forms of microalgae or seaweed and microalgae, such as blue-green algae (BGA), red algae, and brown algae, are used to create useful products that are rich in healthy nutrients.
Data Bridge Market Research analyses that the food grade butylated hydroxytoluene market which was growing at a value of USD 231.08 million in 2021 and is expected to reach the value of USD 368.31 million by 2029, at a CAGR of 6.00% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and consumer behaviour.
Food Grade Butylated Hydroxytoluene Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Application (Food Additives, Fuel Additive, Industrial Additives, Polymeric Ingredients, Pesticide Ingredients, Cosmetic Ingredients and Others), End–Users (Oil & Gas, Food & Beverages, Consumer Products, Aerospace, Automotive and Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, 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, South Africa, Egypt, Israel, 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
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Market Players Covered
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Twinkle Chemi Lab Pvt Ltd (India), Sasol Limited (South Africa), Lanxess AG (Germany), Oxiris Chemicals S.A. (Spain), HELM AG (Germany), Finoric Llc (U.S.), Honshu Chemical Industry Co. Ltd (Japan), Yasho Industries Limited (India), Eastman Chemical Company (U.S.), Milestone Preservatives Pvt Ltd (India), and Finar Limited (India)
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Opportunities
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Market Definition
Butylated hydroxytoluene is a phenol-derived antioxidant. Bacteria, including green algae, contain butylated hydroxytoluene. It is created by combining 2-methylpropene and 4-methyl phenol. Butylated hydroxytoluene is primarily used as a food preservative due to its antioxidant and food preservative properties.
Food Grade Butylated Hydroxytoluene Market Dynamics
Drivers
- Growing adoption of healthy alternatives and rising demand from industrial sector
The global consumption of healthy food products and dietary supplements is increasing due to the increasing prevalence of chronic diseases, the growing global population, and individuals' changing lifestyles. This is one of the most important factors driving market expansion. Aside from that, food grade butylated hydroxytoluenes are widely used to remove and transform pollutants such as nutrients, heavy metals, and xenobiotic from wastewater.
- Increase demand of algae based products in cosmetic and pharmaceutical industries
Food grade butylated hydroxytoluene products improve skin elasticity and suppleness while also stimulating the regeneration of damaged skin cells. Aside from that, they are widely used in the beauty and personal care industries all over the world because they aid in detoxification, cleansing, and toning the skin.
Furthermore, green food grade butylated hydroxytoluenes are widely used in biologic drugs all over the world because they are abundant, resilient, and cost-effective. They are used to make pharmaceuticals, vitamins, vaccines, nutraceuticals, and other nutrients that are used to treat diabetes, multiple sclerosis, and cancer. This, combined with the growing use of food grade butylated hydroxytoluenes to produce livestock for aquaculture varieties such as fish for cultivation, is propelling market growth.
Opportunity
Furthermore, the increase in government and private initiatives supporting aquaculture research and development and consumer demand for natural ingredients will increase opportunities for the growth of the food grade butylated hydroxytoluenes market.
Restraints
However, the high cost of production and the impact of climatic conditions on food grade butylated hydroxytoluenes will slow the market's growth rate. Furthermore, ingestion of algae-based prescription medicine commodities such as chlorella, sun microalgae, and spirulina caused gastrointestinal, abdominal, and nauseous symptoms. This factor will impede the overall growth of the food grade butylated hydroxytoluenes market. Furthermore, a lack of R&D activities in developing countries and a lack of awareness will pose challenges to the food grade butylated hydroxytoluenes market throughout the forecast period.
This food grade 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, geographic expansions, technological innovations in the market. To gain more info on the food grade 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.
COVID-19 Impact on Food Grade Butylated Hydroxytoluenes Market
The outbreak of coronavirus disease (COVID-19) in 2020 has acted as a significant restraint on the manufacturing of plastics and rubber products. Trade restrictions disrupted supply chains, and global government lockdowns reduced consumption, resulting in the closure of various manufacturing units in the rubber, personal care, and food and beverage processing industries. As a result, demand for butylated hydroxytoluene has decreased globally. In the pandemic scenario, however, the sudden increase in demand for PPE kits and personal care and hygiene products such as sanitizers, detergents, and so on has created opportunities for the growth of the butylated hydroxytoluene market.
Global Food Grade Butylated Hydroxytoluene Market Scope
The food grade butylated hydroxytoluene market is segmented on the basis of application and end users. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Application
- Food Additives
- Fuel Additive
- Industrial Additives
- Polymeric Ingredients
- Pesticide Ingredients
- Cosmetic Ingredients
- Others
Distribution Channel
- Oil & Gas
- Food & Beverages
- Consumer Products
- Aerospace
- Automotive
- Others
Food Grade Butylated Hydroxytoluene Market Regional Analysis/Insights
The food grade butylated hydroxytoluene market is analysed and market size insights and trends are provided by country, application and end users as referenced above.
The countries covered in the Food Grade Butylated Hydroxytoluene market report are U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, 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, South Africa, Egypt, Israel, 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.
During the forecast period, the Asia-Pacific butylated hydroxytoluene market is expected to grow at the fastest rate. The region's growth can be attributed to stricter regulations governing VOC emissions. China, India, and Japan dominate the global butylated hydroxytoluene market in Asia-Pacific. The region's major industries include plastics, chemicals, agrochemicals, printing inks, and lubricants.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the 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 Food Grade Butylated Hydroxytoluene Market Share Analysis
The food grade 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 food grade butylated hydroxytoluene market.
Some of the major players operating in the food grade butylated hydroxytoluene market are:
- Twinkle Chemi Lab Pvt Ltd (India)
- Sasol Limited (South Africa)
- Lanxess AG (Germany)
- Oxiris Chemicals S.A. (Spain)
- HELM AG (Germany)
- Finoric Llc (U.S.)
- Honshu Chemical Industry Co. Ltd (Japan)
- Yasho Industries Limited (India)
- Eastman Chemical Company (U.S.)
- Milestone Preservatives Pvt Ltd (India)
- Finar Limited (India)
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