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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 on: 2024-07-07 | No of Pages : 240 | Industry : Chemical

Publisher : MRA | Format : PDF&Excel

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

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

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.

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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.

Butylated Hydroxytoluene Market Report Attributes
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
  • North America
    • Increasing production of animal feed in the region will upsurge industry size
  • Europe
    • Growing cosmetics industry will drive product demand
  • Asia Pacific
    • Rising industrial and automotive sector is likely to foster industry growth
Pitfalls & Challenges
  • Stringent regulations regarding the use of synthetic antioxidants may hamper industry growth

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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 BHT market faces several constraints mainly due to growing health and environmental concerns. Regulatory agencies such as the FDA and EFSA have imposed strict restrictions on the use of BHT, influencing manufacturers to search for alternative antioxidants. Negative consumer sentiment, driven by studies identifying potential health risks, further reduces demand. In addition, the push for organic natural products is forcing companies to cut back on BHT and other additives. Environmental concerns regarding the persistence and potential bioaccumulation of BHT also pose challenges. Consequently, these factors collectively dominate the BHT market, causing a shift to safer and more sustainable 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

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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.

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Asia Pacific dominated the butylated hydroxytoluene market in 2023. It generated a revenue of USD 109.36 million in 2023 and is set to surpass USD 184.68 million by 2032. Rapid urbanization increased disposable income, and changing lifestyles contribute to increased consumption of processed foods and personal care products, where BHT is commonly used as an antioxidant and a preservative. In addition, BHT also highlights the critical importance of product life and quality, leading to increased demand. Countries such as China, India, and Japan have developed regulatory frameworks for the safe use of additives, supporting market expansion. Moreover, strong regional manufacturing and increasing R&D investments drive the growth of the BHT market, making Asia-Pacific a notable hub for the market.

Butylated Hydroxytoluene Market Share

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The aggressive efforts of the company to meet the market demand greatly influence the demand for butylated hydroxytoluene (BHT). Companies are investing in research and development to enhance the performance and safety profile of BHT and ensure stringent regulatory compliance. These efforts include improved formulations and the addition of BHT to new products, thus expanding its use. Additionally, companies focus on transparent labeling and consumer education to address health concerns and build trust. The strategic partnership with law enforcement agencies and compliance with international safety standards further enhance market demand. By prioritizing development and safety, companies are driving BHT’s market growth while ensuring its adoption across industries ranging from food and cosmetics to pharmaceuticals.

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

Table of Content

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Will be Available in the sample /Final Report. Please ask our sales Team.