Butylated Hydroxytoluene (BHT) Market - Global Industry Analysis, Forecast: 2017-2025

Albany, NY -- (SBWire) -- 08/17/2017 --With the increasing usage of antioxidants as stabilizers in cosmetics across the world, the global market for butylated hydroxytoluene (BHT) has been displaying a tremendous upswing in its size as well as valuation. The ongoing expansion in the worldwide cosmetic industry has brought in a number of lucrative opportunities for the growth of this market. In addition to this, the increasing awareness among people about the positive effects of antioxidants on animal health, such as improved disease resistance and protection of skin cell membranes against external damages, is expected to stimulate the usage of BHT in animal feed in the near future, leading to a remarkable growth in this market.

Commonly, BHT finds significant demand in the oil and gas, consumer products, food and beverages, automotive, and the aerospace sectors. As BHT also works as lubricant and fuel additive, its demand in the automotive sector is increasing significantly. Apart from this, with the rising awareness regarding its health benefits among consumers, its demand is also increasing in the food and beverages industry. Researchers predict this trend to remain so over the next few years, reflecting greatly on the progress of this market.

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BHT Market: Overview

Butylated Hydroxytoluene (BHT), also called dibutyl hydroxytoluene, is a derivative of phenol. It is primarily used as an antioxidant. BHT occurs naturally in various bacteria including green algae. Industrially, it can be manufactured through the reaction of 4-methyl phenol with 2-methyl propene. Globally, BHT is primarily used as food additive due to its antioxidant properties. Antioxidants are molecules used to oxidize other molecules. BHT is also used to prevent oxidation in industrial additive fluids such as oil, fuel.

BHT Market: Dynamics and Trends

Antioxidants are primarily utilized as stabilizers in the cosmetic industry. Thus, expansion in the cosmetic industry is expected to boost the antioxidant market, thereby driving the BHT market during the forecast period.

Antioxidants are also used in animal feed to improve disease resistance in animals and protect their skin cell membranes. Thus, increase in usage of antioxidants in animal feed is anticipated to propel the BHT market in the next few years.

Antioxidants are used as stabilizers in polymeric materials. Thus, expansion in rubber and plastic industries is estimated to positively impact the BHT market in the near future.

Rapid industrialization has led to the commencement of new manufacturing units in developing economies. Machines in these production units require lubricants for proper functioning. As antioxidant and fuel additive, BHT provides stability to the lubricant and helps in efficient functioning of the machine. This is augmenting the BHT market.

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BHT offers many advantages; however, long-term usage of BHT may adversely affect the health of human beings and animals. This is projected to adversely affect the BHT market in the near future.

BHT Market: Segmentation

In terms of application, the BHT market can be segmented into food additives, fuel additives, industrial additives, polymeric ingredients, pesticide ingredients, cosmetic ingredients, and others. Among these, the food additives segment is expected to expand at a higher CAGR during the forecast period. Rise in demand for food preservation and food safety is driving the food additives segment.

In terms of end-user industry, the BHT market can be divided into oil and gas, food and beverages, consumer products, aerospace, automotive, and others. Among these, the food and beverages industry is anticipated to expand at a higher market size compared to that of the others segment. Foods such as meat constitute most of the demand for BHT. Consumption of meat is increasing globally owing to the rise in health consciousness among consumers and increase in intake of proteins. Thus, growth in demand for meat has been positively impacting the demand for the use of BHT as an antioxidant, thus impacting the growth of the food and beverages industry.

BHT Market: Regional Outlook

Asia Pacific is projected to be an emerging region for the BHT market, due to the rapid industrialization and increase in consumption of meat in the region. Usage of antioxidants has been rising in preservation of meat. Thus, the BHT market in the region is estimated to mature in the near future. Furthermore, demand for fuel additives has been increasing in Asia Pacific due to the rapid industrialization. This is contributing to the growth of the BHT market in the region.

The food market in china is not yet open to U.S. pork. A recent conference held in China resulted in many enquiries regarding U.S. pork. Thus, the country may open doors to the U.S. pork exporters in the near future. This is estimated to boost the demand for BHT in China.

BHT Market: Key Players

Prominent players operating in the global BHT market include Cargill Incorporated, Caldic B.V., Impextraco NV, LANXESS, Parchem Fine & Specialty Chemicals, Perstorp Group, Milestone Preservatives Pvt. Ltd., KH Chemicals, and The Chemical Company.