Butylated Hydroxytoluene Market Trends

  • Report ID: 5137
  • Published Date: Nov 15, 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

2024

Forecast Year

2025-2037

CAGR

5.6%

Base Year Market Size (2024)

USD 242.4 million

Forecast Year Market Size (2037)

USD 492.22 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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Author Credits:  Rajrani Baghel


  • Report ID: 5137
  • Published Date: Nov 15, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of butylated hydroxytoluene is estimated at USD 253.26 million.

The butylated hydroxytoluene market size was over USD 242.4 million in 2024 and is anticipated to cross USD 492.22 million by 2037, witnessing more than 5.6% CAGR during the forecast period i.e., between 2025-2037. Increasing demand for pharmaceuticals will fuel the market growth.

Asia Pacific industry is estimated to dominate majority revenue share of 38% by 2037, due to rising uses of BHT in various industries in the region.

The major players in the market are Lanxess AG, Eastman Chemical Company, Merck KGaA, SI Group, Inc., OXIRIS Chemicals S.A., Perstorp Group, Cargill, Incorporated, Impextraco NV, VDH Chemtech Pvt. Ltd., KH Chemicals
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