Global Butylated Hydroxytoluene Market Size To Exceed USD 388.3 Million By 2033: Market Statistics Report

Global Butylated Hydroxytoluene Market Size To Exceed USD 388.3 Million By 2033

According to a research report published by Spherical Insights & Consulting, The Global Butylated Hydroxytoluene Market Size is Expected to Grow from USD 228.05 Million in 2023 to USD 388.3 Million by 2033, at a CAGR of 5.47% during the forecast period 2023-2033. 

Browse 210 Market Data Tables And 45 Figures Spread Through 190 Pages and In-Depth TOC On The Global Butylated Hydroxytoluene Market Size, Share, and COVID-19 Impact Analysis, By Grade (Food Grade and Technical Grade), By End-use (Plastic & Rubber, Food & Beverage, Animal Feed and Personal Care), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 - 2033.

The global demand and supply of butylated hydroxytoluene (BHT), a synthetic antioxidant utilized in a variety of industries such as food, cosmetics, medicines, and polymers, are referred to as the BHT market.  BHT plays a crucial role in keeping items from oxidizing and prolonging their shelf life.  The market is defined by elements such as the rising demand for preserved foods, the growing use of BHT in personal care and cosmetics, and its use in the rubber and plastics industries. Furthermore, with the growing tendency of consumers favoring processed and convenience foods, BHTs would be necessary, particularly to increase the market acceptability of processed foods by extending their shelf life and maintaining product quality. Similar to the food and beverage industry, BHT is used in the plastics, pharmaceutical, and cosmetics industries to stabilize formulations and increase product lifespan, respectively. However, health and safety issues, the trend toward natural substitutes, and the effects of regulatory changes are some of the obstacles facing the butylated hydroxytoluene (BHT) business.

The technical grade segment dominated the largest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period.

Based on the grade, the global butylated hydroxytoluene market is divided into food grade and technical grade. Among these, the technical grade segment dominated the largest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period. Its extensive use in food, cosmetics, and industrial uses is the reason for this. By preventing the oxidative degradation of fats and oils, technical grade BHT is used as a preservative in the food and cosmetic sectors to preserve the quality and freshness of products.  

The plastic & rubber segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period.

Based on the end-use, the global butylated hydroxytoluene market is divided into plastic & rubber, food & beverage, animal feed, and personal care. Among these, the plastic & rubber segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period. This is explained by its widespread use as an antioxidant, which prevents oxidation and prolongs the shelf life of rubber goods. Rubber compounds frequently encounter difficulties when being transported and stored.  

Asia Pacific is anticipated to hold the highest share of the global butylated hydroxytoluene market over the projected period.

Asia Pacific is anticipated to hold the highest share of the global butylated hydroxytoluene market over the projected period. This is because of their rapid economic development and government measures to promote economic growth; emerging economies are predicted to see substantial growth in the plastics and rubber sectors.  The majority of rubber goods, including tires, are a combination of synthetic and natural rubber.

North America is estimated to grow at the fastest CAGR of the global butylated hydroxytoluene market during the forecast period. This is because of the rising need for petroleum products, petrochemicals, and natural gas.  Furthermore, it is anticipated that the automobile industry's notable expansion will increase demand for rubber goods, including tires, automotive parts, and mechanical rubber goods.

Company Profiling

Major vendors in the global butylated hydroxytoluene market are Sasol Limited, Lanxess, Eastman Chemical Company, Oxiris Chemicals S.A., Camlin Fine Science, Finoric LLC, Dycon Chemicals, Honshu Chemical Industry Co., Ltd., and others. 

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs) 

Market Segment

This study forecasts revenue at the global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global butylated hydroxytoluene market based on the below-mentioned segments: 

Global Butylated Hydroxytoluene Market, By Grade  

• Food Grade
• Technical Grade

Global Butylated Hydroxytoluene Market, By End-use     

• Plastic & Rubber
• Food & Beverage
• Animal Feed
• Personal Care

Global Butylated Hydroxytoluene Market, By Regional 

• North America 
  • US
  • Canada
  • Mexico
• Europe 
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific 
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America 
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa 
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa