Global antioxidant BHT market is expected to reach USD 265.9 million in 2021, at a CAGR of slightly above 5.10% between 2015 and 2021.
Sarasota, FL -- (SBWIRE) -- 09/29/2017 -- Zion Market Research has published a new report titled "Antioxidant BHT Market: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2015 – 2021". According to the report, global antioxidant BHT market was valued at over USD 197.9 million in 2015, is expected to reach above USD 265.9 million in 2021 and is anticipated to grow at a CAGR of slightly above 5.10% between 2015 and 2021.
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Antioxidant in general terms can be explained as the inhibitor for oxidizing agents. Antioxidants can be classified into natural antioxidants and synthetic antioxidant. A natural antioxidant such as rosemary extracts, vitamin A, vitamin C and vitamin E are obtained naturally from fruits and vegetables. Synthetic antioxidants are processed and utilized for various functions such as packaging and cosmetic industry among others. Antioxidant BHT is derivative of phenol possessing antioxidant properties. BHT (butylated hydroxytoluene) is categorized under synthetic antioxidants and used as preservatives in food, cosmetics, and other applications. Antioxidant BHT can protect healthy tissues against damage induced by oxidative stress.
Antioxidants are mainly used for improving disease resistance in the animal and protect cell membrane of skin. Therefore the high use of the antioxidant in animal feed is expected to trigger the growth of antioxidant BHT market in the forecast period. Antioxidants are extensively used in the cosmetic industry, thus growth in the cosmetic industry is expected to directly impact the growth of the antioxidant market. Antioxidants are also used as the stabilizer in rubbers, elastomers, polymeric materials. Thus, escalating plastic and rubber industry is likely to stimulate the growth of antioxidant BHT market in coming years. However, long-term use of antioxidant BHT led to the adverse affect on human and animal health. This factor may impede the growth of antioxidant BHT market. Nonetheless, ongoing research and development to improve antioxidant BHT properties are expected to offer ample opportunities for antioxidant BHT market in coming years.
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The antioxidant BHT market was dominated by Asia Pacific with 57.15 % of total revenue generated in 2015. Rapidly growing industrialization and increasing intake of protein have resulted in high meat consumption, this has led to high growth in antioxidant BHT market. India and China are expected to exhibit high growth for antioxidant BHT owing to rising meat consumption in these regions. In 2015, North America accounted for 16.27% share of total antioxidant BHT market followed by Europe. Increasing consumption of red meat in Mexico is likely to assist the growth of antioxidant BHT market in the near future.
In addition, ongoing research for product development in North America may bloom the antioxidant BHT market in the forecast period. There has been a shift in preference for natural synthetics which are expected to spur the growth of antioxidant BHT market in Europe in the coming years. Moreover, the existence of several pork meat vendors in UK, France, and Germany is expected to foster the animal meat market which in turn is anticipated to aid the antioxidant BHT market growth in upcoming years. Latin America and the Middle East and Africa are expected to witness moderate growth within the forecast period.
Caldic, Cargill, LANXESS, Impextraco, Perstorp Group, Merisol USA LLC, Milestone Preservatives Private Limited and Eastman Chemical Company among others are some of the major players in the antioxidant BHT market.
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This report segments the antioxidant BHT market as follows:
Antioxidant BHT Market: Regional Segment Analysis
The Middle East and Africa