Butylated Hydroxytoluene (BHT) Market - By Application (Food, Animal Feed, Lubricating & Specialty Oils, Rubber, Personal Care & Cosmetics, Industrial Fats, Oils, & Fatty Acids, Printing Inks & Coatings, Food Packaging) & Forecast, 2024-2032
Published Date: July - 2024 | Publisher: MRA | No of Pages: 240 | Industry: Chemical | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationButylated Hydroxytoluene (BHT) Market - By Application (Food, Animal Feed, Lubricating & Specialty Oils, Rubber, Personal Care & Cosmetics, Industrial Fats, Oils, & Fatty Acids, Printing Inks & Coatings, Food Packaging) & Forecast, 2024-2032
Butylated Hydroxytoluene Market Size
Butylated Hydroxytoluene Market was valued at USD 314.7 million in 2023 and is set to register 5.4% CAGR from 2024-2032. Increasing regulations and guidelines from reputable organizations to ensure safe usage of BHT is driving demand. BHT is a common antioxidant used in foods, medicines, cosmetics, and pharmaceuticals, and it has recently been under intense scrutiny. The market demand for BHT has been greatly influenced by its potential health risks.
To get key market trends
Regulatory agencies such as the FDA and EFSA have established guidelines on allowable dosage levels, supporting market growth. For instance, in November 2023, The United Kingdom Scientific Advisory Group on the Safety of Chemicals for Non-Food and Chemical Consumption (SAG-CS) issued a crucial opinion on the use of butyl hydroxytoluene (BHT) and kojic acid in cosmetic agents. The SAG-CS proposed maximum doses of BHT to ensure the safe use of BHT. This proposed regulation aims to establish safe levels of BHT in cosmetic products as a mandatory consumer health protection and to ensure tension-free chemical usage.
| Report Attribute | Details |
|---|---|
| Base Year | 2023 |
| Butylated Hydroxytoluene Market Size in 2023 | USD 314.7 Million |
| Forecast Period | 2024 - 2032 |
| Forecast Period 2024 - 2032 CAGR | 5.4% |
| 2032 Value Projection | USD 512.1 Million |
| Historical Data for | 2021 - 2023 |
| No. of Pages | 120 |
| Tables, Charts & Figures | 172 |
| Segments covered | Application |
| Growth Drivers |
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| Pitfalls & Challenges |
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What are the growth opportunities in this market?
Advanced regulatory oversight ensures that manufacturers adhere to safety standards, instilling consumer confidence and demand for compliant products. In addition, organizations such as the WHO provide scientific studies that inform the legal system and public opinion. As safety standards improve, companies invest in research and development to meet these guidelines, driving innovation in BHT applications. As a result, the BHT market is poised for growth, supported by stringent regulations that prioritize consumer safety and encourage the production of high-quality, safe products.
The demand for BHT, a common antioxidant, has taken a hit in recent years. This is mostly because people are getting worried about its health and environmental effects. The FDA and EFSA, which are agencies that make rules about food, have put limits on how much BHT can be used. This has made manufacturers look for other antioxidants to use instead. People are also starting to think of BHT as a bad thing, because some studies have shown that it might be bad for their health. This has led to less people wanting to buy products that have BHT in them. On top of that, more and more people are choosing organic and natural products, which often don't have BHT or other additives. Environmentalists are also worried about BHT because it can stick around in the environment and build up in animals over time. All of these things are making it harder for companies to sell products with BHT, so they are switching to safer and more eco-friendly alternatives.
Butylated Hydroxytoluene Market Trends
The BHT market is growing as increasing research efforts focus on identifying safe additive quantities and increasing testing capabilities. Scientific advances have led to a deeper understanding of butylated hydroxytoluene (BHT), a common antioxidant in foods, cosmetics, and pharmaceuticals. Researchers aim to meet health concerns and regulatory requirements to be used to determine safe levels. This ongoing research is leading to the development of sophisticated testing methods, ensuring accurate measurement of BHT levels in products.
Advanced testing enables manufacturers to comply with stringent regulations set by organizations such as the FDA and EFSA, providing consumer confidence and market growth. Furthermore, collaborative work between academic institutions, law enforcement agencies, and industry stakeholders accelerates innovation in safety research. These efforts provide more accurate safety guidelines and encourage transparency and accountability within the BHT market. As a result, the industry is seeing growth.
Citing an instance, in February 2024, a study presented a straightforward spectrofluorometric method for determining BHT and BHA using native fluorescence and synchronous scanning mode. This simple and cost-effective method was developed for determining BHT and BHA in bulk powders and pharmaceutical formulations. It appeared accurate, selective, and sensitive, making it suitable for routine quality assessment and monitoring of BHT and BHA residues in foods.
Butylated Hydroxytoluene Market Analysis
Learn more about the key segments shaping this market
Based on application, the BHT market is divided into food, animal feed, lubricating and specialty oils, rubber, personal care, and cosmetics, industrial fats oils and fatty acids, printing inks and coatings, food packaging, and others, the food segment held the dominant market share and is expected to register 5.9% CAGR through 2024-2032. BHT is commonly used in a variety of foods, such as cereals, snacks, and baked goods, to maintain freshness and flavor stability.
As consumer demand for high-quality, long-lasting foods increases, so does the need for effective agents such as BHT. Regulatory approvals from organizations such as the FDA and EFSA with permissible limits on BHT use further support market demand. Despite some health concerns, ongoing research and strict regulations ensure safe use, maintaining the crucial role of BHT in the food industry and sustaining its market growth.
Learn more about the key segments shaping this market
Imagine your favorite processed snacks and beauty products, the ones that keep their freshness for longer. The secret behind their extended shelf life? Butylated hydroxytoluene (BHT), an antioxidant and preservative widely used in these products. In 2023, Asia Pacific became the undisputed king of the BHT market, raking in a whopping $109.36 million. And get thisby 2032, experts predict that number will skyrocket to over $184.68 million. So, what's behind this remarkable growth? Well, as more people move to cities and their spending power increases, they're indulging in more processed foods and personal care products. This means more demand for BHT to protect these products from spoilage and maintain their quality. China, India, and Japan are also playing a big role, thanks to their strict regulations that ensure the safe use of additives like BHT. This has created a favorable environment for the BHT market to thrive. And here's the cherry on topAsia-Pacific is a hub for manufacturing and research and development. So, not only is the region a major consumer of BHT, but it's also a leading producer. This makes it a perfect storm for ongoing growth in the BHT market in the years to come.
Butylated Hydroxytoluene Market Share
Looking for region specific data?
Companies are working hard to meet the high demand for BHT, a key ingredient in many products. They're putting a lot of money into research to make BHT better and safer, all while making sure it meets strict government rules. These companies are also coming up with better ways to mix BHT and adding it to more products, which is helping to make it more popular. Plus, companies are being open and honest about what's in their products and teaching consumers about the benefits of BHT to ease any worries and build trust. By working with law enforcement and following international safety guidelines, they're making sure BHT meets the highest standards. So, by focusing on making BHT better and safer, these companies are not only increasing demand for it but also making sure it's used in everything from our food and makeup to our medicine.
Butylated Hydroxytoluene Market Companies
Major companies operating in the butylated hydroxytoluene industry competitive landscape include
- AB Enterprises
- Akrochem Corporation
- Anmol Chemicals
- Cayman Chemical Company
- Eastman Chemical Company
- Kemin Industries
- KH Chemicals BV
- Lanxess AG
- Oxiris Chemicals SA
- Ratnagiri Chemicals Pvt Ltd
- Sasol Ltd
- SI Group
- Spectrum Chemical Manufacturing Corporation
- Twinkle Chemilab Pvt Ltd
Butylated Hydroxytoluene Industry News
In April 2024, LANXESS planned to showcase cosmetic preservatives, multifunctions, flavor, and fragrance solutions at the global cosmetics exhibition in Paris. Within its consumer protection segment, this specialty chemical company offers a wide range of products.
In March 2024, Specialty chemicals company LANXESS will showcase its range of additive solutions for the tire industry at the Tire Technology Expo 2024 in Hannover, Germany. The company will demonstrate how tire manufacturers can reduce the environmental footprint of their manufacturing processes and end products.
The butylated hydroxytoluene market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue and volume (USD Million) (Tons) from 2021 to 2032, for the following segments
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Market, By application
- Food
- Animal Feed
- Lubricating and Speciality Oils
- Rubber
- Personal Care & Cosmetics
- Industrial Fats, Oils and Fatty Acids
- Printing Inks and Coatings
- Food Packaging
- Others (Pharmaceutical, Corrosion Inhibitors)
The above information is provided for the following regions and countries
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- MEA
- Saudi Arabia
- UAE
- South Africa
- Rest of MEA
Table of Content
Report Content
Chapter 1 Methodology & Scope
1.1 Market scope & definition
1.2 Base estimates & calculations
1.3 Forecast calculation
1.4 Data sources
1.4.1 Primary
1.4.2 Data mining sources
1.4.2.1 Paid sources
1.4.2.2 Public sources
Chapter 2 Executive Summary
2.1 Market 3600 synopsis, 2021 - 2032
Chapter 3 Market Industry Insights
3.1 Industry ecosystem analysis
3.1.1 Key manufacturers
3.1.2 Distributors
3.1.3 Profit margins across the industry
3.1.4 Supply disruptions (If applicable)
3.2 Industry impact forces
3.2.1 Growth drivers
3.2.2 Market challenges
3.2.3 Market opportunity
3.2.3.1 New opportunities
3.2.3.2 Growth potential analysis
3.3 Raw material landscape
3.3.1 Manufacturing trends
3.3.2 Technology evolution
3.3.2.1 Sustainable manufacturing
3.3.2.1.1 Green practices
3.3.2.1.2 Decarbonization
3.4 Sustainability in raw materials
3.5 Pricing trends (USD/Ton)
3.5.1 North America
3.5.2 Europe
3.5.3 Asia Pacific
3.5.4 Latin America
3.5.5 MEA
3.6 Regulations & market impact
3.7 Porter’s analysis
3.8 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
4.1 Introduction
4.2 Company market share, 2023
4.2.1 Company market share, by region, 2023
4.2.1.1 North America
4.2.1.2 Europe
4.2.1.3 Asia Pacific
4.2.1.4 Latin America
4.2.1.5 Middle East & Africa
4.3 Competitive analysis of major market players
4.4 Competitive positioning matrix
4.5 Strategic outlook matrix
Chapter 5 Market Estimates & Forecast, By Application, 2021-2032 (USD Million) (Kilo Tons)
5.1 Key trends
5.2 Food
5.3 Animal feed
5.3.1 Poultry
5.3.2 Swine
5.3.3 Fish feed
5.3.4 Cattle
5.4 Lubricating & specialty oils
5.5 Rubber
5.6 Personal care & cosmetics
5.7 Industrial fats, oils & fatty acids
5.8 Printing inks and coatings
5.9 Food packaging
5.10 Others(pharmaceutical, corrosion inhibitors)
Chapter 6 Market Estimates & Forecast, By Region, 2021-2032 (USD Million) (Kilo Tons)
6.1 Key trends, by region
6.2 North America
6.2.1 U.S.
6.2.2 Canada
6.3 Europe
6.3.1 Germany
6.3.2 UK
6.3.3 France
6.3.4 Spain
6.3.5 Italy
6.4 Asia Pacific
6.4.1 China
6.4.2 India
6.4.3 Japan
6.4.4 South Korea
6.4.5 Indonesia
6.4.6 Australia
6.4.7 Malaysia
6.5 Latin America
6.5.1 Brazil
6.5.2 Mexico
6.5.3 Argentina
6.6 MEA
6.6.1 South Africa
6.6.2 Saudi Arabia
6.6.3 UAE
Chapter 7 Company Profiles
7.1 Lanxess AG
7.2 Eastman Chemical Company
7.3 Oxiris Chemicals SA
7.4 KH Chemicals B.V
7.5 Spectrum Chemical Manufacturing Corporation
7.6 Akrochem Corporation
7.7 Twinkle Chemilab Pvt Ltd
7.8 Kemin Industries
7.9 Ratnagiri Chemicals Pvt Ltd
7.10 Cayman Chemical Company
7.11 Anmol Chemicals
7.12 AB Enterprises
7.13 Sasol Ltd
7.14 SI Group
- AB Enterprises
- Akrochem Corporation
- Anmol Chemicals
- Cayman Chemical Company
- Eastman Chemical Company
- Kemin Industries
- KH Chemicals BV
- Lanxess AG
- Oxiris Chemicals SA
- Ratnagiri Chemicals Pvt Ltd
- Sasol Ltd
- SI Group
- Spectrum Chemical Manufacturing Corporation
- Twinkle Chemilab Pvt Ltd
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