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The global butylated hydroxytoluene (BHT) market reached a value of about USD 265.09 million in 2023. The market is further expected to grow at a CAGR of 5% in the forecast period of 2024-2032 to reach a value of approximately USD 411.41 million by 2032.
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Based on application, the speciality and lubricating oils segment accounts for a significant share in the industry. This can be attributed to the increasing demand for lubricants in paper mills, metal forming, foundry, mining, quarrying, energy, plastics, and machinery, among others. The growth of the automotive industry is likely to foster the demand for lubricating oils. This will further provide an impetus to the market growth. Moreover, the anti-oxidant properties of butylated hydroxytoluene make it an excellent component for use in skincare products. Therefore, the growth of the cosmetics and personal care segment, owing to the increasing disposable income and rising living standards, is anticipated to augment the global butylated hydroxytoluene industry further.
The Middle East and Africa and the Asia Pacific are anticipated to provide lucrative growth opportunities to the market. The market growth in the Asia Pacific can be attributed to the rising living standards and disposable income of a significant portion of the population. The demand for newspapers and magazines and the resurgence of building and construction projects in parts of the Asia Pacific, such as India and China, will further propel the market growth in the forecast period.
Butylated hydroxytoluene, also known as BHT, is an antioxidant. Derived from phenol, it is found in bacteria known as green algae. It has a high demand in various industries due to its antioxidant properties. It preserves fats and oils, medicinal drugs, and cosmetics.
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Based on grade, the market is divided into:
Based on application, the industry can be segmented into:
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Butylated hydroxytoluene (BHT) is a highly effective anti-oxidating agent. This factor has driven the product demand in various application sectors in the historical period. The market is further bolstered by the rising demand for the product in the animal feed industry. The expansion of the plastics and rubber industry is likely to aid the market in the forecast period. The growth of the personal care industry and the latest innovations in the field will further propel the market growth. However, the negative side effects of the product and the stringent regulations pertaining to its use in the food and beverage industry may hamper the market growth in the forecast period.
The report gives a detailed analysis of the following key players in the global butylated hydroxytoluene (BHT) market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Grade |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the global butylated hydroxytoluene (BHT) market attained a value of nearly USD 265.09 million.
The market is projected to grow at a CAGR of 5% between 2024 and 2032.
The major market drivers include the expansion of the plastics, rubber, and personal care sectors, the surging demand for lubricants in paper mills and plastics, and rising disposable incomes.
The key trends aiding the market demand are the rising demand for magazines and newspapers and the surging usage of butylated hydroxytoluene (BHT) in animal feed.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major grades of butylated hydroxytoluene (BHT) considered in the market report are technical and food.
The several applications of the product are food additive, lubricating and speciality oils, plastics and rubber, personal care and cosmetics, printing inks and coatings, food packaging, and animal feed, among others.
The major players in the market are Lanxess AG, Eastman Chemical Company, Sasol Limited, and Impextraco NV, among others.
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Australia
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+61-448-061-727
India
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+91-858-608-1494
Philippines
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+63-287-899-028, +63-967-048-3306
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+44-753-713-2163
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+1-415-325-5166
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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